Sandbox founder resigns and lays off 50% of staff, de-emphasizing Metaverse business and shifting to Web3 applications and Launchpad plans

PANews June 24 news, according to Cryptoslate, Elliptic released a report saying that although Cambodia's Huione Guarantee platform was seized on May 13 for being involved in a $27 billion

PANews reported on August 28th that, according to BeInCrypto, despite positive macroeconomic signals from China's economic stimulus policies and the Federal Reserve's potential September rate cut, an altcoin season has yet to arrive. Deribit Chief Commercial Officer Jean-David Péquignot stated that accommodative central bank policies could indeed increase market liquidity and drive speculative inflows into risky assets. However, the market currently lacks sufficient trading volume and broad-based growth momentum. Ethereum's recent price increase relative to Bitcoin is seen as a potential signal of a market shift, but it is not yet sufficient to trigger a full-blown altcoin season. In addition, according to CoinMarketCap Altcoin Season Index monitoring, the indicator is currently 44, far below the key level of 75. Bitcoin's market dominance remains at 58%, continuing to occupy a core position in the crypto market.

US crypto czar David Sacks says the Genius stablecoin bill could bring the $250 billion offshore stablecoin market into the United States, boost industry trust, and drive global demand for the U.S. dollar. Speaking about the Genius Act in a…