Latest from Cheyenne Ligon
Stablecoins, Tokenization Put Pressure on Money Market Funds: Bank of America
Stablecoin demand for Treasuries won’t meaningfully shift T-bill dynamics, but instead poses a bigger challenge to money market funds, the report said.

Polygon's POL Falls 6% As Inflation Shock Triggers Heavy Selling
The token’s rejection at $0.26 came amid a broad crypto pullback, with the CoinDesk 20 Index sliding 4% and rate-cut hopes fading.

Mysten Labs Taps Ex-Goldman Sachs Crypto Exec Mustafa Al Niama to Lead Capital Markets Push
As Mysten Labs' new capital markets head, Al Niama will focus on tokenization, real-world asset markets, and collateral mobility.

The Protocol: OKX Slashes Native Token Supply in Half
Also: ETH Transaction Volume Climbs, Trading Bots Steal $1M From Users, and Babylon Trustless Bitcoin Vaults.

BNB Nears Record High as Corporate Buyers Spur 4% Rally
Strong buying interest and heavy trading volume supported the rally, but selling pressure emerged near $855, suggesting potential short-term consolidation.

Bitcoin Miner MARA Steps Into HPC With Majority Stake in EDF Subsidiary: H.C. Wainwright
The broker has an outperform rating on MARA stock with a $28 price target.

Terraform's Do Kwon Pleads Guilty to Conspiracy, Wire Fraud in UST Blow-up
The 33-year-old Korean national said he "knowingly" participated in a scheme that defrauded purchasers.

Sui Price Falls 4% as Heavy Selling Pressure and Long Liquidations Hit Market
SUI slid to $3.69 after failing to break resistance near $3.98, with open interest dropping 15% and funding rates plunging from July highs.

Rumble Gains on Plans to Acquire Tether-Affiliated Northern Data
Under the deal, the two firms — both backed by USDT issuer Tether — combine into one.

Paxos Applies for National Bank Trust Charter, Joining Stablecoin Issuers Circle, Ripple
The stablecoin issuer seeks to convert its New York Department of Financial Services license to federal oversight

