Stellar

Hsin-Ju Chuang, a former Hack VC partner and longtime crypto growth executive, was found dead in a vehicle in California’s Mojave Desert on Aug. 24. Authorities have not announced a cause of death, while the crypto community continues to react to her final public posts and her record of work across Web3 projects.

Crypto markets pulled back after the CLARITY Act failed to advance in the US Senate, though selling pressure stopped short of a broader capitulation. Bitcoin formed a short-term downtrend while Zcash continued to outperform major traded tokens.

Cardano gained ground this week as broader crypto participation improved, while Canton and Stellar remained under pressure. Bitcoin dominance stayed steady, ETF inflows were positive, and traders are watching whether the market’s breadth repair can hold.

MoneyGram is deepening its blockchain strategy as it works to make cross-border payments faster, cheaper and more transparent. The company is leaning on Stellar, validator roles on Solana and Tempo, and its MGUSD stablecoin to build payments infrastructure that customers may never need to see.

Bitcoin briefly fell to its lowest level since September 2024 before recovering, but derivatives positioning still points to caution. Altcoins such as Jupiter and Stellar posted gains even as broader sentiment stayed defensive.

Bitcoin and ether are pressing into important support zones while derivatives markets signal persistent caution among traders. Stellar and LIT are among the few tokens outperforming in an otherwise weak crypto session.

MoneyGram has joined the Solana network as a validator, adding another major payments brand to the blockchain’s security layer. The move comes shortly after the company launched its MGUSD stablecoin on Stellar, signaling a broader push into digital payments.