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Stablecoin Studio: The All-in-One Toolkit built on Hedera that makes stablecoin application development easy with dedicated proof-of-reserve, seamless integration with custodians, and KYC/AML account flagging.
What’s Poppin’?
by Brandy Betz, James Rubin, and Samyuktha Sriram
JPMorgan’s digital bank cited an uptick in scams and fraud related to crypto as the reason behind the decision.
A judge ruled that evidence related to SBF’s political contributions was directly linked to the wire fraud scheme on FTX’s customers.
In terms proposed by the attorneys in a letter to the court, Bankman-Fried would obey a gag order prohibiting him from speaking with anyone outside his legal team, parents, or brother.
EURC, which is pegged one-to-one with the euro, is already available on Ethereum and Avalanche.
The wallet, launching in early 2024 on the Stellar network, will allow users to cash-out the stablecoin at participating locations.
In a letter to Gensler, Reps. Mike Flood, Tom Emmer, Wiley Nickel, and Ritchie Torres called the SEC’s approach to handling spot bitcoin ETF applications “inconsistent and discriminatory.”
Ether and other altcoins were largely in negative territory. Yet a markets analyst struck an optimistic note about cryptos’ medium- and long-term prospects.
On the Pod…
Bitcoin Ordinals have exploded in popularity since their launch by developer Casey Rodarmor in January, changing the NFT game with millions of inscriptions to date. But what comes next for Bitcoin-based digital artifacts? Danny Yang and Bill Tai, cofounders of Metagood and creators of NFT collection OnChainMonkey, discuss why they will move OnChainMonkey from Ethereum to Bitcoin, Rodarmor’s proposal to change the Ordinals inscription numbering system, and why they believe more creators should consider moving to Bitcoin.
Daily Bits…✍️✍️✍️
🚀 The total value locked of Binance’s liquid staking ether skyrocketed to $1.2 billion after a sudden surge of some $500 million inflows over the weekend, according to DefiLlama.
🐧 NFT collection Pudgy Penguins has started selling its NFT-linked collectible plushies in Walmart stores.
💸 A new study by digital-asset investment firm Pantera Capital found that most crypto employees take their pay in fiat over crypto.
💧 A court in New Jersey approved bankrupt crypto lender BlockFi’s liquidation plan.
⛏️ Texas is now the leading U.S. state for Bitcoin mining.
❌ The SEC has delayed approval of two more bitcoin spot ETF applications.
What Do You Meme?
Recommended Reads
Coming up… 🗓️
Wednesday, September 27, at 10:00 AM ET: SEC Chair Gary Gensler will appear before the Committee on Financial Services to discuss oversight of the Securities and Exchange Commission (SEC).
📈 Your Market Update 📉
For yet another day, interest rate worries bedeviled major cryptos, though BTC and ETH were up early morning Wednesday.
BTC is up 1.55% , trading at $26,615.80
ETH is up 1.93% , trading at $1,623.78
BTC dominance: 49.97%
Crypto market cap: $1.06%
*All data as of today, 7:40 am ET
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