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“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as the electronic payments giant PayPal ventures into digital assets with the announcement of a U.S. dollar-pegged stablecoin called PayPal USD. Sino Global Capital files a multimillion dollar claim against FTX. And, Worldcoin’s Nairobi warehouse was reportedly raided as Kenya's Ministry of the Interior suspends the project from operating in the country.

Aug 7, 2023

According to data from Glassnode, long-term bitcoin holders now hold almost 14.6 million BTC, which equates to 75% of the circulating supply, and is the highest value for the benchmark so far. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Aug 7, 2023

Michael Saylor's bitcoin bet seems to be paying off, as the largest crypto by market cap is trading around $29,000. It's a stark change to when the bitcoin bubble had burst and questions circulated about how painful things might get for MicroStrategy, given that it had taken on debt to buy it.  "The Hash" panel discusses Saylor's digital asset investment strategy.

Aug 7, 2023

Worldcoin's warehouse in Nairobi was raided by the Kenyan police over the weekend, according to report from the local news organization. "The Hash" panel discusses Kenya's latest efforts to crack down on the project after the country suspended its operations recently. Plus, insights on the privacy concerns surrounding the identity crypto protocol co-founded by OpenAI's Sam Altman.

Aug 7, 2023

Nansen data shows that crypto exchange Huobi’s stablecoin reserves dipped by 33% in the last week, with traders withdrawing $49 million in stables. This comes as a spokesperson for Huobi denied reports that several executives were arrested in China over the weekend. "The Hash" panel discusses the latest developments at Huobi and the state of crypto regulation in China.

Aug 7, 2023

PayPal (PYPL) announced the global payments giant is issuing its own U.S. dollar-pegged stablecoin. The Ethereum-based token will soon be available to PayPal U.s. users and is the first time a major financial company is issuing its own stablecoin. "The Hash" panel weighs in on PayPal's latest move into the realm of crypto.

Aug 7, 2023

Whitehats hackers and attackers have returned over 73% of all funds stolen from Curve Finance after its early August exploit. Nansen analyst Sandra Leow recaps the events of what happened with Curve, which saw the platform lose millions of dollars worth of various tokens, causing contagion effects in the broader ecosystem.

Aug 7, 2023

Ilya Lichtenstein, husband of Heather "Razzlekhan" Morgan, admitted that he was the hacker behind the multi-million-dollar exploit of crypto exchange Bitfinex in 2016, according to a report from CNBC. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down their respective plea details and what's next for the infamous couple.

Aug 7, 2023

Coinbase is asking a judge to dismiss a lawsuit from the SEC. This comes as the regulator sued Coinbase in June, alleging the crypto exchange violated federal securities laws. Howard Fischer, Moses Singer partner and former SEC senior trial counsel, shares his insights into Coinbase's latest legal arguments and potential outcomes.

Aug 7, 2023

"The Crypto Trader" author Glen Goodman discusses his technical analysis of bitcoin (BTC) as the largest cryptocurrency by market cap remains stagnant around $29,000 and its price hasn't risen more than 4% in a single day since June 21.

Aug 7, 2023