Social media platform X, owned by Elon Musk and formerly called Twitter, has obtained payment licenses from several US states in recent months. Among those licenses is a money sender license obtained this week from Rhode Island. Musk had hinted at supporting cryptocurrencies on the platform, and even briefly changed Twitter’s bird logo to dogecoin’s dog before Twitter reverted to X last month. However, these licenses allow for wider payment services to be offered. Musk has stated that he plans on X to eventually become an “everything app.” Money sender licenses from Arizona, Maryland, Georgia, Michigan, Missouri and New Hampshire since June indicate that the tech billionaire may have plans to support national payment transactions like Venmo or PayPal. The Rhode Island license is required to allow payments as well as to provide crypto services.

Following Grayscale’s court victory against the US Securities and Exchange Commission (SEC) on Tuesday, the average trading size of Bitcoin on most exchanges has risen to its highest level since June. According to Kaiko data, Bitcoin’s average trade size rose above $2,000 on the Kraken crypto exchange following Tuesday’s decision, down from around $850 the previous day. Other exchanges have seen similar moves. According to Kaiko, Bitcoin’s average trade size dates back to the times of the last bull run in June. “This may indicate that large traders are more active,” said Kaiko analyst Dessislava Aubert.

Cryptocurrency exchange Binance has announced that it will “slowly” end support for the BUSD stablecoin, removing BUSD from spot and margin trading pairs and asking users to convert BUSD to other assets by February next year. “After Paxos stops issuing new BUSD, Binance will slowly end its support for BUSD products,” the exchange said. “Please make sure BUSD is always backed by 1:1 USD.” In the near future, Binance will delist BUSD as a loanable asset on September 6 and stop withdrawals of Binance-linked BUSD tokens on the BNB Chain, Avalanche, Polygon, and Tron on September 7. BUSD has a 24-hour trading volume of just under $900 million, according to CoinMarketCap data.