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PayPal launches a USD-backed stablecoin: PayPal became the first major US financial institution to create its own US dollar-backed stablecoin with the launch of PayPal USD (PYUSD).
July inflation cooler than expected: With inflation numbers from July coming in below expectations, the market is now projecting interest rates to remain steady through to the end of the year. Headline and core consumer price data for July both increased by 0.2%, reflecting a respective 3.2% and 4.7% yearly increase.
Coinbase layer-2 network Base goes live to the general public: The Base mainnet had already been open to a select group of users for the past few weeks. As of Friday, data shows $175 million USD locked on the blockchain. The announcement followed Coinbase’s second quarter earnings beat.
Aptos (APT) Surges on Microsoft partnership announcement: Aptos (APT), a layer-1 proof-of-stake blockchain, saw a ~15% surge in price on Wednesday after it announced a partnership with Microsoft to work on AI and web3 products and services.
July inflation cooler than expected: With inflation numbers from July coming in below expectations, the market is now projecting interest rates to remain steady through to the end of the year. Headline and core consumer price data for July both increased by 0.2%, reflecting a respective 3.2% and 4.7% yearly increase.
Coinbase layer-2 network Base goes live to the general public: The Base mainnet had already been open to a select group of users for the past few weeks. As of Friday, data shows $175 million USD locked on the blockchain. The announcement followed Coinbase’s second quarter earnings beat.
Aptos (APT) Surges on Microsoft partnership announcement: Aptos (APT), a layer-1 proof-of-stake blockchain, saw a ~15% surge in price on Wednesday after it announced a partnership with Microsoft to work on AI and web3 products and services.
