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PayPal is expanding its cryptocurrency offerings with a USD conversion service, making it easier for U.S. users to convert digital currencies into dollars for various purposes. Bitget is launching a $100 million fund to support ecosystem growth, shifting its focus from trading to global expansion. Binance is supporting Terra Luna Classic's core upgrade, temporarily affecting network functions. Bitfinex has a class action lawsuit dismissed, reinforcing its stance on USDT backing. Gabriel Shapiro raises concerns about crypto firms' compliance with strict U.K. financial regulations. Luno pauses certain crypto trading features in the U.K. due to new FCA regulations. Telegram introduces TON Space, a self-custodial crypto wallet, for its 800 million users, expanding its presence in the crypto industry.
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