What's The Matter? It's Open-source

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We pushed yesterday’s issue to today, but this week has already been an exciting one. Paypal launched $PYUSD, a stablecoin which is a major headwind for mainstream adoption and even ETH ETFs; Matter Labs may have utilized open-source code without properly crediting it’s owner; The NFT market is still on the decline with less than $500M in monthly volume; and more speculation around BTC ETF timelines are spreading. Don’t forget to share The Crypto Scroll with anyone who wants the most important industry headlines 3x per week directly to their inbox! See you tomorrow and keep on scrolling ⛓

• Iolygon Zero alleges Matter Labs for improperly attributing open-source code (BW)

• Paypal launches Ethereum-based stablecoin (@AltcoinDailyio)

• Celsius founder Mashinsky loses motion to dismiss fraud case (REUT)

• Huobi denies rumors of insolvency & investigations from Chinese authorities (CT)

• L1 Digital raises $152M for crypto VC Fund II (CD)

• Singapore’s Central Bank commits $112M to web3 innovation (CT)

• Orbital raises oversubscribed €5.8M round led by Golden Record Ventures for enterprise blockchain and fiat payments adoption (EUS)

• Baboon VC backs Liquid Crypto with 7 figure investment, an Australian DeFi platform (CMO)

• Binance Labs dominates last week’s funding efforts with 5+ investments (CD)

• 2023 Crypto VC Landscape (HN)

• Singapore’s Central Bank works on a payment license with Blockchain.com (CT)

• New York dismissed its lawsuit against Tether (DH)

• Crypto community responds to new law that requires ID for crypto (DLN)

• Binance becomes first official exchange to operate in El Salvador (TI)

• Hedera brings on former White House open-source expert & Stanford guest lecturer Andrew Aitken as Chief Open-Source Officer (COSO) (ALXB)

• Blockchain security firm Forta upgrades scam detector services following July’s $150M+ attacks (CD)

• The Curve Finance hacker returns $7M of stolen crypto (CT)

• CertiK finds vulnerability in Worldcoin’s protocol (CN)

• PayPal to issue a stablecoin on Ethereum (CD)

• Hanwe Chang made 800 ETH (~$1.4M) by tricking bots copying his bids on Blur (@HanweChang)

• Someone burned $4.5M in ETH (TB)

• Elon emphasizes X will never issue a crypto token (@WatcherGuru)

• Monthly NFT sales fall for 5th consecutive month, below $500M (TC)

• Former FTX U.S. Head of Partnerships joins startup Mysten Labs (BBG)

• Cathie Wood of ARK Funds believes more than one Bitcoin ETF will get approved at once (@BitcoinMagazine)

• Optimism, Hedera, and Solana are the top gainers in smart-contract volume in previous 30 days (@MessariCrypto)

• Blockstream CEO makes $1M bet that $BTC hits $100k before 2024 halving (@WhaleCharts)

• The irony of blockchain anonymity and KYC (know-your-customer) regulations (CT)

• The Michael Saylor Bitcoin strategy (CT)

• Bitcoin halving and its importance (ummid)

• Web3 x LLMs for on-chain analysis (DT)

• CBDCs for Cross Border Remittances (P)

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