On August 14th, Jose Fernandez da Ponte, Senior Vice President of PayPal Blockchain, Cryptocurrency, and Digital Currencies, stated that although PayPal's stablecoin PYUSD, which is currently launched on Ethereum, can only be obtained through the PayPal wallet, their goal is to make PYUSD also available on major trading platforms. PayPal believes that stablecoins are the killer application of the current blockchain, especially in remittances, B2B payments, and digital goods. PayPal's vision is to become the channel between fiat currency and Web3, enabling stablecoin payment systems to become mainstream.

According to Messari, a crypto analytics firm, Cardano (ADA) had mixed results in Q2 of 2023. The blockchain saw a 49% increase in daily decentralized application (DApp) transactions, with an average of 57,881 per day. Additionally, Cardano's total value locked (TVL) increased by almost 10% to $151.7 million, ranking it 21st among all chains. However, the project experienced a decline in non-fungible token (NFT) activity, with a 35.7% decrease in average daily NFT transactions and a 41.9% decrease in total NFT quarterly trading volume compared to Q1.

Sharduem, a Layer1 blockchain founded by WazirX co-founder and CEO Nischal Shetty, announced on social media that the Sphinx Dapp 1.5.4 version has been launched. This update includes: speculative fixes to improve the recovery rate of complex smart contract calls. You may encounter an error that causes complex transactions (such as AMM) to fail in 50% of cases due to recovery errors. The solution to this error will be given priority in the next version.

On August 12th, it was announced that Cyberport has partnered with the Hong Kong Housing Society to introduce PropTech companies specializing in blockchain, virtual reality, big data, and other real estate technologies, and operate them together.

Data from blockchain analysis platform Dune Analytics shows that as of now, assets worth $151,965,185 have been bridged to the Base blockchain.

On August 9th, according to a report by Shanghai Securities News, at the Digital Empowerment Regional Equity Market Innovation and Development Seminar and the "Yiqi Rong" launch event held on August 8th, Wu Qichao, Deputy Director of the Market II Department of the China Securities Regulatory Commission, stated that the blockchain construction of regional equity markets has achieved significant results in areas such as penetrating supervision, standard specifications, resource integration, and innovative applications.

The Monetary Authority of Singapore has committed up to $150 million Singapore dollars over three years to support innovative FinTech solutions emerging from technologies such as Web 3.0. MAS recognizes the importance of collaborating with the industry to promote innovation in FinTech. The financial authority plans to conduct open calls for the use of innovative technologies in industry use cases and provide grant funding to support actual trial and commercialization. Additionally, there is an Environmental, Social and Governance FinTech track to encourage the adoption of ESG fintech solutions. Singapore is a hub for the blockchain and crypto industry, with Wintermute relocating 4% of its staff to Singapore and MAS partnering with the Bank of International Settlements to issue a framework for "tokenization and institutional grade DeFi protocols."

Sei Network has announced the launch of its mainnet, declaring that its blockchain is now fully decentralized and ready for use. The Atlantic-2 testnet achieved the fastest time to finality of any blockchain, with validator nodes located in 12 countries across 3 continents. Sei's approach to achieving decentralization goes beyond data and token distribution, encompassing the physical location of network participants.

European centralized cryptocurrency exchange, WhiteBit, has launched its own blockchain, the WB Network, to promote the adoption of blockchain technologies. The network operates on the Proof-of-Authority consensus algorithm and uses the WhiteBit Coin as its underlying blockchain coin. It provides users with a transparent, user-owned infrastructure for faster cryptocurrency transactions and reduced user fees.

Circle Internet Financial has partnered with the Junior Achievement of Northern California to launch a financial literacy curriculum for high school students in the Bay Area, California. The program aims to educate students about Bitcoin, blockchain, and non-fungible tokens (NFTs) and equip them with skills for economic success. As part of the partnership, the JA of Northern California will also manage the Circle Scholar award program, with one of the twenty $5,000 scholarships to be awarded to students who complete the Digital Financial Literacy Curriculum between 2023 and 2025. This program joins a growing list of literacy curriculums launched to educate the world about blockchain technology.