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Speakers prepare to tell US House Financial Services Committee about stablecoins

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Five experts will testify at a hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation,” with two of them releasing their scripts in advance.

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Surprise nonfarm payrolls print sends Bitcoin back below 80K

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The US economy added far more jobs than expected in August, pressuring Bitcoin lower as traders repriced the odds of a Federal Reserve rate cut this month.

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Coin Market

Pineapple Financial puts $1B in mortgage records on Injective

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The mortgage lender plans to bring more than $10 billion in historical loans onchain, turning thousands of mortgage files into blockchain-based records.

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FinCEN ties $13B in crypto scams to non-US operations

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The agency reported that “transnational criminal organizations” based in compounds in Southeast Asia were largely behind digital asset scams targeting US residents.

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