• Stablecoin balance on cryptocurrency exchange Huobi has fallen 33% over the past week, and users of the site have withdrawn $49 million in stablecoins, CoinDesk reports citing data from Nansen.ai. Journalist Colin Wu previously reported that most of the top management members of international cryptocurrency exchanges have been detained by Chinese police. Hong Kong media outlet Techub NEWS also reported on August 6 that it had learned from two different sources that Chinese police had arrested at least three Huobi executives for investigation.
  • Entrepreneur Elon Musk, who owns social network X (formerly Twitter (TWTR)), said his platform would never issue its own token. “Never will I,” Musk wrote in response to a user’s post that the social network has never issued cryptocurrencies related to the platform. This was reported by RBC.
  • PayPal (NASDAQ: PYPL) has announced the release of a stablecoin called PayPal US Dollar (PYUSD), issued by infrastructure firm Paxos. The aim of launching the stablecoin was to empower the PayPal ecosystem. First of all, the coin will be available to the company's customers in the US, as stated in the report.
  • Data services agency CoinGeco has launched a new index — the so-called Top Securities of Coins — to track the largest cryptocurrencies, which the US Securities and Exchange Commission (SEC) has called securities. The site launched the index in the first week of August. It includes the most popular currencies that the US regulator has recognized as securities in several court cases.
  • In the first half of 2023, the number of video cards sold in Russia increased by 1.5 times compared to the same period last year, while the average price of a device decreased by 36% year on year, Kommersant reports, citing expert data. In real terms, sales of video cards in Russia in January-June amounted to 543.5 thousand units. Until July 2022, the monthly sales of the devices were about 60,000 pieces, and now it has reached 90,000 to 100,000, according to F + tech business analyst | Marvel's Arthur McClellock.