The crypto ecosystem experiences a record drop in Bitcoin reserves on exchanges, signaling a shift towards decentralized finance. Binance establishes its first board of directors amid regulatory challenges, sparking discussions about transparency and independence. Ripple challenges stablecoin giants with a new US dollar-backed stablecoin, while Tether makes a massive investment in Bitcoin and diversifies into cutting-edge technologies. Solana takes measures against fraudulent memecoins, and Ethereum sets new profit records despite scalability challenges. PayPal innovates cross-border money transfers with its stablecoin, PYUSD, via the Xoom service, positioning itself as a leader in the fusion of traditional finance and blockchain technology.
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