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Crypto News Today: Bitcoin's Rally Toward $30K, PayPal's Stablecoin Fakes, and More

As Bitcoin retakes $30K and major players like PayPal delve into the crypto realm, the intersection of traditional finance and crypto becomes more pronounced.

bitcoin 8/8

Markets

Huobi Receives $200M USDT, $9M Ether From Whale

Transfers occur as outflows from the exchange continues.

(Shutterstock)

Markets

Crypto News Today: PayPal's Stablecoin Debut, Worldcoin's Kenyan Hurdles, and More

From PayPal's entry into the stablecoin market to regulatory challenges faced by Worldcoin in Kenya, the crypto world continues to be a blend of innovation and controversy.

Sede de PayPal. (Shutterstock)

Videos

Huobi Denies Reports of Executive Arrests as Stablecoin Reserves Sink

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.

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Worldcoin's Newly Launched WLD Token Spikes Over 20% on Major Crypto Exchanges

The highly anticipated project co-founded by OpenAI's Sam Altman launched its token on Monday.

Worldcoin co-founders Alex Blania and Sam Altman (Marc Olivier/Worldcoin)

Videos

Justin Sun on Hong Kong Outlook, State of Crypto Regulation

Hong Kong continues to draw in crypto enthusiasts by embracing Web3 and creating more transparent regulatory frameworks. TRON founder and Huobi Global Advisor Justin Sun discusses the outlook for crypto in Hong Kong, an update about the progress on securing Huobi's crypto trading license in the region, and his take on the U.S. crypto regulatory landscape.

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Ledger Reveals Institutional-Grade Trading Network

Hardware wallet manufacturer Ledger is targeting institutions with an open, enterprise-grade trading platform designed to meet their risk management and regulatory requirements. The Ledger Enterprise Tradelink network has signed up a number of crypto exchange and broker partners including Crypto.com, Bitstamp, Huobi and more. The Hash" panel discusses the state of crypto custody after FTX's collapse.

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Markets

Tron Founder Justin Sun Unstakes $30M of Ether from Lido, Sends Tokens to Huobi

Crypto wallets linked to Sun still hold some $543 million in Lido’s stETH token, according to Arkham Intelligence data.

Justin Sun (CoinDeskTV)

Videos

Justin Sun Weighs in on Hong Kong's Crypto Plans, Huobi Expansion

Hong Kong's Securities and Futures Commission (SFC) has started accepting applications for crypto trading platform licenses. TRON founder and Huobi global advisor Justin Sun joins "First Mover" to discuss the new policy's impact on the crypto scene in Hong Kong. Plus, insights on Huobi's expansion, along with Sun's take on the state of crypto regulation around the globe.

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Justin Sun Addresses Financial Regulation Outlook for Crypto Sector

As the Securities and Futures Commission (SFC) in Hong Kong opens up to accepting crypto trading platform licenses, TRON founder and Huobi global advisor, Justin Sun, discusses the new regulatory landscape. Sun also reflects on Huobi's expansion plans.

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