Dear Investors, PayPal, the global payments giant, has launched its very own U.S. dollar-pegged stablecoin, PYUSD. This strategic move arrives as PayPal endeavors to rejuvenate its growth trajectory into cryptocurrencies and tackle prevailing challenges in the payments landscape.

Dear Investors, META launched a new text-based product this week, called Threads, which piggy-backs off of Instagram’s social graph and oddly looks walks and quacks a lot like Twitter. Rumored to have only been built over the last 6-9 months with about 20 engineers inside META, Threads is quickly approaching 100M users, with experts pontificating that this could mean as much as $20B in additional valuation to the company.

Dear Investors, It has been a tumultuous week as both Binance and Coinbase faced legal actions from the SEC and the CFTC, while the possibility of further action from the DOJ remains imminent. “King Gensler.” Source: Crypto A.M. Before we dive, let’s do a quick review of what these agencies actually do.