Kraken has added PayPal as a funding option for U.S. users, enabling instant USD deposits with no bank details needed. The feature has seen over $1M in volume during an unpromoted soft launch. Summary U.S. customers can now fund Kraken accounts instantly via PayPal, using balances, linked bank accounts, or cards.The feature saw strong early demand, processing over $1M in deposits during its soft launch without promotion.Kraken is also among the exchanges now integrated

Insiders say China plans to launch renminbi-backed stablecoins in an effort to combat the U.S. dollar. However, the launch is held back by capital outflow concerns. Summary China has reportedly begun testing renminbi-backed stablecoins.Stablecoin plans have been hindered by growing concerns over the nations financial control and fears of potential misuse. In a recent article by the Financial Times, its been revealed that Chinese officials have zeroed-in on stablecoin

Binance.US’s latest listings, Toshi and Worldcoin, sparked renewed interest in both tokens, but early price action suggests one is clearly leading the charge. How far can these rallies extend? Summary Binance.US listed WLD on Aug. 6 and is set to list TOSHI on Aug. 7 at 7 a.m. EDT.TOSHI rallied over 20% after the listing announcement.WLD price action was muted amidst fresh concerns around regulatory backlash. According to an Aug. 6 X post by Binance.US, the U.S. affi

The long-hyped altcoin season had recently gone quiet. With several major assets pulling back and sentiment fading, the crypto market’s focus drifted back to Bitcoin. But this may be shifting again, as fresh signs of activity suggest that altcoins are back in play. Summary Binance just saw its highest altcoin inflows in 18 months, with more than 45,000 transactions recorded over the past week.The total altcoin market cap has jumped 23% in the last month, pointing to ren

A network of crypto scammers is leveraging aged YouTube accounts to push trading bots that lure users into deploying malicious smart contracts capable of draining their wallets. Summary Scammers are using aged YouTube accounts to promote malicious crypto trading bots.Victims are tricked into deploying obfuscated Ethereum contracts that redirect funds to attacker-controlled addresses. Sounding the alarm on this “widespread and ongoing” threat, senior threat researcher