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PayPal PYUSD stablecoin is 100% backed: Paxos transparency report

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The total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, Paxos report states.

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Coin Market

Dutch regulator warns of crypto pump-and-dump risks ahead of MiCA

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The Dutch AFM issued warnings about crypto market manipulation, focusing on pump-and-dump schemes ahead of MiCA’s implementation in December.

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Coin Market

Former Chinese finance minister urges crypto study after US Bitcoin ETF shift

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Lou Jiwei stresses that China must assess cryptocurrency developments, particularly as the US shifts policy on Bitcoin ETFs.

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Coin Market

US Bitcoin ETFs raked in $1.1B this week, most since mid-July

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BlackRock, ARK 21Shares and Fidelity’s Bitcoin products led the way with $499 million, $289.5 million and $206.1 million in inflows, respectively.

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