#SEC plans to sue Paxos for issuing BUSD as unregistered securities#
According to the Wall Street Journal citing people familiar with the matter, the stablecoin issuer Paxos will face a lawsuit by the US Securities and Exchange Commission (SEC) for BUSD-related issues. The New York Department of Financial Services also ordered stablecoin issuer Paxos to stop issuing more BUSD tokens. Affected by the news, the crypto market pulled back across the board.
Latest
FeaturedTimeline
avatar
Shiro
08-29
There is one Narrative here that is not discussed enough: → Privacy 💎 Privacy is one of the main things missing for crypto to become mainstream. So a partnership between a privacy-first blockchain & A Stablecoin Ecosystem is bullish. See how it benefits Crypto ↓ 🧵 ------------------ So the big news is that @AleoHQ joins Global Dollar Network @global_dollar. → Aleo will leverage the Safest, Most Trusted Stablecoin for Onchain Treasury Management & Vendor Payments. Obviously we need to explain these 2 entities first in order to understand why it's bullish for crypto. ↓ ✦ Aleo, the Privacy Blockchain @AleoHQ is the first permissionless, programmable, privacy-preserving blockchain. It’s privacy-first by design, using zero-knowledge proofs to verify activity without exposing data. • Recently became the first privacy preserving blockchain to be listed on Revolut. • Backed by a16z and raised over $250M. Tech edge: Built from scratch (not an Ethereum clone), enabling off-chain computation for faster, lighter, and more private apps. Privacy and compliance can coexist, users can selectively share data when needed. Team: World-class leadership with backgrounds at the DOJ, White House NSC, Google, Meta, MobileCoin, Circle, Paxos, U.S. Air Force, and more. Current focus: Core infrastructure + payments → private stablecoins, cross-chain tools, and laying groundwork for private trading platforms. In a world of increasing data exposure, Aleo offers control and privacy without sacrificing trust or regulatory compatibility. ✦ Global Dollar Network, $USDG A stablecoin ecosystem centered on Global Dollar (USDG), a U.S. dollar–backed stablecoin issued by Paxos Digital Singapore & Paxos Issuance Europe with strong compliance and transparency. With Kraken, Paxos or Robinhood as partners, the ecosystem unlocks opportunities across many places, and is expanding its usecases rapidly. I personnally first saw the $USDG stablecoin on Kamino, and used it for some good yield, so it's already well-integrated in DeFi. And @aleohq has just partnered with them to support with treasury management & vendor payments. Aleo enables fully private payments with their zero-knowledge tech. → They're solving the biggest problem in stablecoins: less than 0.01% of the $270B stablecoin market is encrypted. We need that zk technology for secure & encrypted crypto payments. Aleo with this partnership becomes the first Layer1 to join Global Dollar Network. ------------- Crypto needs privacy to go mainstream. I'm always keen to establish partnerships & connections with privacy projects, so I'm happy to help Aleo sharing their latest update with you! Probably the most advanced Privacy Blockchain. NFA & DYOR 🫡 twitter.com/CryptoShiro_/statu...
WHITE
17.22%
avatar
梭教授说
08-28
8.28 All In Morning News: It’s actually been quite boring recently. Only yesterday something over 10m appeared on the chain, and it was something I’ve played before. I can only sit there and do nothing. 1. $BTC continues to fluctuate, and the performance is quite satisfactory. After all, the market is like this; 2. $ETH The bottom has been rising. Last time it was around 4100, and this time it is around 4300. It should be the beginning of a new round of impact on 5000. 3. $SOL There are slogans of breaking through the doomsday chariot, trying to lead the market; 4. Commerzbank: The risk of Federal Reserve independence and rising US debt have become structural obstacles to the US dollar; 5. Circle and Paxos test new technology to verify the identity of stablecoin issuers and prevent counterfeiting; 6.Pumpfun Cumulative repurchase of over $58 million of PUMP, offsetting 4.26% of the circulating supply and accounting for 99.32% of the total revenue in this period; However, the repurchased funds seem to have been deposited into the exchange and sold; 7. Former Polymarket executives raised $15 million from Coinbase and USV for a competing prediction platform. 8. Paraguay launches tokenization project through Moonbeam on Polkadot; 9. Nvidia announced its second quarter results for fiscal year 2026, with revenue of $46.74 billion; below expectations; 10.BetterBank Hackers returned 550 million pDAI, worth about $2.7 million; 11. According to Strategic SOL Reserve data: Currently, 13 companies or institutions have disclosed holdings of a total of 8.277 million SOL (worth approximately $1.69 billion), accounting for 1.44% of the total, of which 585,000 SOL are used for staking; 12. The U.S. Treasury Secretary called on the Federal Reserve to conduct an internal review and named Cook's mortgage fraud issue; 13.Hyperliquid Announced optimization of the mark price calculation method to improve system robustness; Currently, the funding rates for $WLFI and $XPL have soared to 100% and 800% annual interest rates, respectively, up from the previous 11% annual interest rate. 14. Decentralized AI infrastructure @Mira_Network announced the establishment of a foundation, possibly hinting at an upcoming TGE; ---------- The market is increasingly fluctuating within a range, and the brothers are so anxious that they can only open higher and higher contract multiples. A small fluctuation will lead to a margin call. #BITCOIN #Ethereum #Solana #Crypto
DOT
0.44%
loading indicator
Loading..