PANews May 22nd News, according to Walter Bloomberg, FTX founder Sam Bankman-Fried is being transferred to a new prison by federal officials, despite his desire to stay in New York to prepare for an appeal. His spokesperson said they could not confirm Bankman-Fried's destination, but sources said he was recently informed that he would be transferred to a federal prison in Mendoza, California.

PANews reported on February 4 that, according to The Block, U.S. District Judge John F. Walter ordered Ryder Ripps and Jeremy Cahen to pay Yuga Labs nearly $9 million in forfeiture of profits, fines, attorneys' fees and other costs in the BAYC imitation RR/BAYC infringement lawsuit, ending the protracted copyright lawsuit. As part of the judgment, Ripps and Cahen must also waive Non-fungible Tokens within the next two weeks and transfer any infringing intellectual property, including domain names and smart contracts, to Yuga Labs. In June 2022, Yuga Labs sued the "RR/BAYC" Non-fungible Token series for infringement, alleging that they used the original BAYC image to mass-produce and sell the copycat Non-fungible Token series "RR/BAYC", resulting in the depreciation of BAYC Non-fungible Token. At one point, Ripps argued that the lawsuit was an attack on his freedom of speech and said he would settle the case for no less than $100 billion. In April of this year, a U.S. judge ruled that BAYC Replica RR/BAYC infringed Yuga Labs' copyright.

PANews reported on September 4 that American biographer Walter Isaacson is about to release Musk’s biography of the same name. According to Isaacson, in the new book, Musk’s secret relationship with the cryptocurrency Dogecoin will be made public. There has been speculation that Isaacson's new book may further confirm that Musk has long been secretly funding the development of Dogecoin.

Part of "Elon Musk Biography" reveals that Musk has been quietly funding the development of DOGE Elon Musk's personal biography "Elon Musk Biography" will be officially published on September 12. The version revealed in advance mentioned that Musk has been quietly funding the development of DOGE; he has indeed considered establishing a company based on A new social media company that uses blockchain and includes payment capabilities. Musk's brother Kimbal told him over lunch that if he wanted to achieve Twitter's goal of transforming into a payment platform, it would be best to launch a new social media platform based on blockchain. Musk was intrigued and into a dazzling state. He half-jokingly suggested that maybe it could have a payment system using Dogecoin (DOGE), a semi-serious cryptocurrency whose development Musk has been quietly funding. After lunch, he sent several text messages to Kimbal, detailing the idea of "a blockchain social media system that can not only make payments, but also communicate through text messages like Twitter." DOGE is currently trading at $0.063495, up 0.06% in the last 24 hours. (Data source: Walter Isaacson)

Golden Finance reports that Walter Isaacson, a contemporary American biographer and author of "The Biography of Steve Jobs," has completed "The Biography of Elon Musk" and is expected to release it by the end of the year. Walter Isaacson published the chapter about Musk's acquisition of Twitter in the Wall Street Journal in advance, restoring many exclusive scenes behind the scenes. Among them, Musk considered launching a new blockchain-based social media platform with payment functions, an idea from his good friend Kimbal and Sam Bankman-Fried, the founder and former CEO of the cryptocurrency exchange FTX. Details of a failed attempt to invest $5 billion to help acquire Twitter.

Odaily Planet Daily News Walter Hessert, director of strategy at stablecoin issuer Paxos, said that encryption infrastructure provider Paxos Trust is developing other stablecoin projects, similar to PayPal's stablecoin PYUSD. When asked if Paxos had previously discussed developing a stablecoin for the platform with Elon Musk and X (ex-Twitter), Hessert did not answer the question directly, saying only that more projects are on the way. (CoinDesk) In yesterday's news, PayPal announced the launch of PayPal USD (PYUSD), a US dollar stablecoin for transfer and payment. The stablecoin is issued by Paxos Trust Co. and is backed by U.S. dollars, short-term Treasury bills and cash equivalents. PYUSD will be gradually opened to PayPal customers in the United States. Starting today and in the coming weeks, eligible U.S. PayPal customers who purchase PYUSD will be able to transfer PYUSD between PayPal and compatible external wallets; use PYUSD for peer-to-peer payments; choose to use PYUSD at checkout; convert any cryptocurrency supported by PayPal Exchange with PYUSD.

Jinse Finance reported that Walter Hessert, director of strategy at Paxos, said that PayPal's regulated stablecoin PYUSD is a "watershed moment" for the encryption industry, because there are obvious differences between PYUSD and other competitors, thanks to Paxos' status as a regulated currency by the New York Department of Financial Services. (NYDFS) regulated trust company status. Hessert explained that if Paxos goes bankrupt, its regulator, NYDFS, will step in and PYUSD will be saved from bankruptcy, so customers won’t unknowingly become creditors in bankruptcy, and funds will be returned to each token holder.