Early Base Whales Have an Affinity for Meme Tokens, Nansen Says

The top 22 depositors to Base as of July 31 have allocations in a telegram trading bot token, several meme tokens and an on-chain casino token.Source

Animated Series Futurama Takes Characters to ‘Doge City,’ Mocks Crypto Miners

Popular animated science fiction show Futurama gave a glimpse into what it thinks the future of crypto could look like in its latest episode called “How the West Was 101001” by mocking crypto miners.Source

Barbie Is a Metaverse

Virtual worlds, like Barbie’s, are a source of meaning and fulfillment for people seeking more in life. And these worlds gain from interactions: the more interoperability, the better.Source

PayPal’s Stablecoin Is a Watershed Moment for Finance

Until now, most of crypto’s big innovations have been for crypto-natives. PayPal’s stablecoin is different, says Austin Campbell, the former head of Portfolio Management at Paxos.Source

Bank of England Wants Digital Pound Advisers as It Moves to CBDC Design Phase

The Bank of England has also started recruiting for its central bank digital currency engagement forum.Source

Congresswoman Maxine Waters Says She’s ‘Deeply Concerned’ About PayPal’s New Stablecoin

The top Democrat on the House Financial Service Committee criticized PayPal’s plans in a statement on Wednesday.Source

PayPal’s Real Stablecoin Strategy: It Wants to Earn Interest on Your Deposits

High U.S. Treasury interest rates are a powerful short-term motivator. Everything else is theory.Source

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.Source

Private Equity Giant David Rubenstein Makes the Case for Bitcoin

Billionaire private equity titan David Rubenstein believes Bitcoin (BTC) is here to stay thanks to growing institutional interest as evidenced by BlackRock’s application for a spot bitcoin ETF as well as general global demand for a form of money that can’t be controlled by governments.Source

Fed Starts New Program to Oversee Crypto Activity in U.S. Banks

The U.S. Federal Reserve is starting a new program for overseeing banks’ crypto activity, and it further clarified its requirement that the lenders under its authority get approval before engaging in digital assets activities.Source