Binance will stop supporting the world’s second biggest stablecoin USDC and convert users’ USDC, USDP, and TUSD into its own stablecoin BUSD on September 29 (Jamie Crawley/CoinDesk)

Jamie Crawley / CoinDesk:
Binance will stop supporting the world’s second biggest stablecoin USDC and convert users’ USDC, USDP, and TUSD into its own stablecoin BUSD on September 29  —  The action effectively removes the world’s second biggest stablecoin USDC as a tradeable asset on Binance’s platform.

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Binance shares addresses for its wallets and details its holdings: 475K BTC, 4.8M ETH, 17.6B USDT, 21.7B BUSD, 601M USDC, 58M BNB, and a $1B SAFU fund (Callan Quinn/The Block)

Callan Quinn / The Block:
Binance shares addresses for its wallets and details its holdings: 475K BTC, 4.8M ETH, 17.6B USDT, 21.7B BUSD, 601M USDC, 58M BNB, and a $1B SAFU fund  —  – Binance has released the addresses of its hot and cold wallets.  — It provided a snapshot of its current holdings.

Senators Elizabeth Warren (D) and Roger Marshall (R) introduce the Digital Asset Anti-Money Laundering Act, including KYC requirements for wallets and miners (Jamie Crawley/CoinDesk)

Jamie Crawley / CoinDesk:
Senators Elizabeth Warren (D) and Roger Marshall (R) introduce the Digital Asset Anti-Money Laundering Act, including KYC requirements for wallets and miners  —  The proposal will bring know-your-customer rules to crypto participants such as wallet providers and miners.

Binance says Mazars, the auditing firm that worked on proof-of-reserves reports for Binance, Crypto.com, and others, has paused work for all crypto clients (Jamie Crawley/CoinDesk)

Jamie Crawley / CoinDesk:
Binance says Mazars, the auditing firm that worked on proof-of-reserves reports for Binance, Crypto.com, and others, has paused work for all crypto clients  —  Mazars has deleted Binance’s proof-of-reserves assessment, which found its bitcoin reserves were overcollateralized.

USDC stablecoin developer Circle ends its planned SPAC merger with Concord Acquisition Corp., announced in July 2021, by mutual agreement (Parikshit Mishra/CoinDesk)

Parikshit Mishra / CoinDesk:
USDC stablecoin developer Circle ends its planned SPAC merger with Concord Acquisition Corp., announced in July 2021, by mutual agreement  —  The firm had announced plans to go public in July of 2021.  —  Circle, the company behind stablecoin USDC, has terminated its agreement …

An interview with Binance CEO Changpeng Zhao on delisting tether and USDC, stablecoin and CBDC evolution, the “Chinese company” label, the downturn, and more (Benjamin Pimentel/Protocol)

Benjamin Pimentel / Protocol:
An interview with Binance CEO Changpeng Zhao on delisting tether and USDC, stablecoin and CBDC evolution, the “Chinese company” label, the downturn, and more  —  In crypto, he is known simply as CZ, head of one of the industry’s most dominant players.