THE HASH: PayPal’s Big Crypto Market Splash; How Is MicroStrategy’s Bitcoin Bet Turning Out?

The most valuable crypto stories for Monday, August 7, 2023.

“The Hash” tackles today’s hot topics, including PayPal entering the crypto market with its own U.S. dollar-pegged stablecoin. Huobi is denying reports that several executives were arrested in China. Local news organizations report that Kenyan police raided the Nairobi warehouse of Worldcoin over the weekend. And, a closer look at MicroStrategy’s bitcoin holdings since Michael Saylor exited his CEO position a year ago.

See also:

PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on Ethereum

I Have 1M Questions About the PayPal Stablecoin. Here Are 5

Huobi’s Stablecoin Reserves Down 30% Amid Reports of Executive Arrests

Worldcoin Nairobi Warehouse Raided by Kenyan Police: Reports

Michael Saylor’s Bitcoin Billions Have Rebounded Since He Exited CEO Job a Year Ago

This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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