Global

Solana (SOL) has emerged as one of the standout performers in the current cryptocurrency cycle, demonstrating a remarkable 20x increase from its bear market lows.

On August 9, Thailand’s financial regulators unveiled a new "regulatory sandbox" designed to test and refine cryptocurrency services. This initiative, spearheaded by the country’s Securities and Exchange Commission (SEC), is a strategic step to address the rapid adoption of digital assets and the need for effective regulation.

Cardano is on the cusp of a major update with the upcoming Chang hard fork, which promises to enhance the network’s decentralization and improve node coordination. This development represents a crucial step forward for Cardano, aimed at bolstering the blockchain's decentralized nature while reducing central oversight.

Ripple has announced a significant development in the cryptocurrency space with the launch of beta testing for its new stablecoin, Ripple USD (RLUSD). This move marks a crucial milestone for Ripple, as it aims to enhance the XRP Ledger (XRPL) and Ethereum ecosystems by introducing high-quality assets that promise to drive new opportunities, liquidity, and institutional use cases.

On August 8, the city of Santa Monica officially launched its Bitcoin Office, following a unanimous decision by the City Council on July 11. This strategic move aims to foster growth and innovation in the cryptocurrency sector, enhance local awareness about Bitcoin, and explore economic development opportunities associated with the digital currency.

Since its expansion to the Solana blockchain on May 29, PayPal USD (PYUSD) has experienced a dramatic 150% increase in its market capitalization, according to DefiLlama data. The stablecoin’s total market value has surged to $684 million, reflecting significant growth and adoption since its launch on Solana.