Here is what happened yesterday in the crypto market:
PayPal Boosts Crypto Adoption with New Checkout Tool
Payments giant PayPal introduces a new feature allowing US merchants to accept payments in over 100 cryptocurrencies. This move aims to facilitate overseas transactions and increase the utility of PayPal’s own stablecoin. Read more
Crypto Investment Products See Continued Inflows
Cryptocurrency investment products recorded their 15th consecutive week of inflows, with $1.9 billion pouring in. Ether-focused funds led the gains, even as Bitcoin funds experienced minor outflows. This indicates sustained institutional interest in the crypto market. Read more
Roman Storm Seeks Legal Aid as Tornado Cash Trial Continues
Roman Storm, co-creator of Tornado Cash, is seeking an additional $1.5 million to cover legal expenses as his significant crypto trial enters its third week. The ongoing case highlights the legal challenges faced by decentralized protocol developers. Read more
Financial Regulators Delay Truth Social Bitcoin ETF
The US Securities and Exchange Commission (SEC) has delayed its decision on the proposed Truth Social Bitcoin exchange-traded fund (ETF), pushing the review deadline to September 18. This is one of several crypto fund decisions recently postponed by the SEC. Read more
Interactive Brokers Explores Stablecoin Launch and Crypto Expansion
Trading firm Interactive Brokers is reportedly planning to expand its cryptocurrency services, including the potential launch of its own proprietary stablecoin. This initiative could offer traders new ways to engage with the crypto market through a regulated brokerage. Read more