Distributed Technologies Research (DTR) unveiled DRAM, a stablecoin pegged to the UAE dirham, aiming to assist countries experiencing high inflation rates. Meanwhile, Binance announced the cessation of its lending services for the Binance USD stablecoin by late October, following Paxos's dissociation from the crypto giant over regulatory concerns. Simultaneously, controversy arose on the social platform X, with the crypto community urging the platform's owner, Elon Musk, to remove a deceptive profile impersonating Bitcoin's elusive creator, Satoshi Nakamoto. In Thailand, Binance played a crucial role in aiding the Royal Thai Police to apprehend crypto scammers, resulting in the recovery of $277 million. Finally, as the crypto market continues its bearish trend, blockchain analytics firm Chainalysis has laid off a significant portion of its workforce for the second time this year.
