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FTX Creditors Feeling More Optimistic
The OTC trades of FTX creditor claims are now valued at over 50 cents per dollar lost. This signals a growing belief in recovering at least half of their assets. This surge follows the disclosure of FTX's substantial stake in the AI company, Anthropic. The potential sale of this stake holds promise for a more successful fund recovery for creditors. USDT has Stood the Test of Time for a Solid 9 Years Now
On October 6, 2014, the first-ever USDT transaction took place, marking the beginning of this stablecoin's journey. Since then, USDT has weathered its fair share of FUD (Fear, Uncertainty, Doubt). However, it's worth noting that USDT has also had several instances where it temporarily lost its peg to the US dollar. OpenAI & Microsoft Face Data Theft Accusations
OpenAI and Microsoft are under fire in a class-action lawsuit over alleged web scraping to gather private data for training AI models like ChatGPT. The lawsuit, filed on Sept. 5 in San Francisco, accuses the companies of using stolen private info, including personal data from countless internet users, without consent. The plaintiffs argue that without this data theft, products like ChatGPT and DALL-E wouldn't be the billion-dollar businesses they are today. They seek damages and a halt to the alleged illegal data scraping. Liquity USD (LUSD): A DeFi Stablecoin Review
Liquity USD, or LUSD, is a stablecoin that maintains a 1:1 peg with the US dollar. It's used by the Liquity lending protocol as the primary asset for issuing loans backed by Ethereum (ETH). When LUSD is repaid, the loan is resolved, and the ETH collateral is returned to the owner at its nominal value. Are whales gearing up to manipulate the market again?
The data analysis company, Santiment, has detected a notable surge in transactions (exceeding $10 million) within certain renowned altcoins, including AAVE, APE, COMP and others.
The majority of these have seen a price decline, with AAVE being the exception, as its value increased by 1.14%. This shift was discernible not only against the dollar but also when compared to Bitcoin. 
Japan’s Largest Bank Plans to Issue Global Stablecoins
Mitsubishi UFJ Financial Group Inc. is engaged in discussions with global stablecoin issuers to launch its own tokens on its blockchain platform. With Japan’s stablecoin law in place, MUFG plans to utilize its Progmat blockchain platform to create stablecoins linked to foreign currencies such as the US Dollar. 
Tether’s Multimillion-Dollar Foray into AI and Mining
Tether Group has invested $420 million in computer chips. Specifically, they acquired 10,000 H100 GPUs from Nvidia, a popular choice in the artificial intelligence sector. This deal also includes a 20% ownership stake in Northern Data, a German-listed bitcoin mining company. 
Singapore’s Central Bank Unveils Stablecoin Regulatory Framework
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has released a final regulatory framework for single-currency stablecoins (SCS) under its regulation.
MAS stated that the framework’s goal is to guarantee “a significant level of value stability” for stablecoins.
This framework will be applicable to all stablecoins tied to the Singapore Dollar or any other G10 currency issued within Singapore. CRV Token Skyrockets 800% on Bithumb Exchange!
Currently, one token is equivalent to $3.5 in dollar terms. Conversely, the value of the CRV token hovers around $0.6 on other trading platforms.
Such price discrepancies have been spotted on other exchanges too.
We advise you to hold off on any transactions involving the CRV token for the time being. 
PayPal is rolling out its own stablecoin
Partnering with Paxos Trust, financial giant PayPal has unveiled PayPal USD (PYUSD), focusing on swift and budget-friendly payments.
With backing from dollar deposits, short-term government securities, and similar cash equivalents, PayPal's CEO, Dan Schulman, envisions the stablecoin bolstering the company's foothold in the digital currency space:
"The vision over time is that this becomes a part of the overall payments infrastructure." Arthur Hayes Foresees a Revolution Led by AI-Powered DAOs
Arthur Hayes, Maelstrom CIO and ex-BitMEX CEO, argues that AI-powered Decentralized Autonomous Organizations (DAOs) will revolutionize economic entities, making traditional structures obsolete due to their reliance on human labor and state-enforced contracts.
He asserts AI DAOs, unfettered by physical forms and therefore state laws, will use smart contracts on public blockchains for self-governance and service provision.
Hayes predicts that DAO capital markets will become the first genuinely global markets and decentralized exchanges will naturally monopolize the trading of DAO-issued tokens.
Hayes sees a future trillion-dollar AI-powered economy that would significantly boost the value of blockchains like Ethereum. 