The most valuable crypto stories for Monday, August 7, 2023.

"The Hash" tackles today's hot topics, including PayPal entering the crypto market with its own U.S. dollar-pegged stablecoin. Huobi is denying reports that several executives were arrested in China. Local news organizations report that Kenyan police raided the Nairobi warehouse of Worldcoin over the weekend. And, a closer look at MicroStrategy's bitcoin holdings since Michael Saylor exited his CEO position a year ago.

See also:

PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on Ethereum

I Have 1M Questions About the PayPal Stablecoin. Here Are 5

Huobi's Stablecoin Reserves Down 30% Amid Reports of Executive Arrests

Worldcoin Nairobi Warehouse Raided by Kenyan Police: Reports

Michael Saylor’s Bitcoin Billions Have Rebounded Since He Exited CEO Job a Year Ago

This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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