Payments Giant PayPal's Stablecoin PYUSD to Launch on Solana | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Upbit to add Bounce Token (AUCTION) against the Korean won (KRW).

2. Cryptocurrency Trends:

• Fantom officially announces that the upgrade of the existing Opera chain has reached the required 66% consensus, marking its official launch.
• SEC filings reveal that crypto asset manager Hashdex withdrew its application for a spot Ethereum ETF.
• Baby Doge announces on X that it has initiated a proposal to renounce its Baby Doge token contract on Ethereum and BNB Chain in order to achieve further decentralization.
• Fetch.ai, SingularityNET, and Ocean Protocol announce plans to merge into the Artificial Superintelligence Alliance (ASI) by June 2024.
• Payments giant PayPal's stablecoin PYUSD to launch on Solana.
• According to Etherscan, the stablecoin USDe, issued by Ethena Labs, has reached a circulation of 2,902,063,444.
• Farcaster, a decentralized social protocol, surpasses $1.5 million in total revenue, currently standing at $1.52 million with a total userbase of 421,522.

3. Financing Trends:

• Fortunafi, an RWA tokenization platform, raises $9.51 million in strategic seed round funding at a valuation of $48 million.
• PlayAI, a Web3 AI gaming company, raises $4.3 million in seed round funding, bringing its total valuation to $70 million.
• SCRYPT, a crypto asset financial services provider, raises $5 million in a strategic funding round led by Braza Bank.
• API3, an oracle solution, announces the completion of a strategic funding round led by DWF Labs.

4. Regulatory Trends:

• Ripple donates another $25 million to the crypto super PAC Fairshake, bringing its total contribution to nearly $100 million before the presidential election this November.