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Plus, Binance to end support for BUSD August 31, 2023 The latest moves in crypto markets, in context By Lyllah Ledesma, CoinDesk reporter Was this newsletter forwarded to you? Sign up here .  Happy Thursday! Here's what you need to know today in crypto: Elon Musk's social media platform X has obtained money or currency transmitter licenses in seven U.S. states. Bitcoin's average trade size on most exchanges jumped to its highest point since June. Cryptocurrency exchange Binance said it will "gradually" end support for its BUSD stablecoin.     Latest Prices   Top Stories X, the Elon Musk-owned social media platform formerly called Twitter, has obtained payments licenses from several U.S. states in recent months, including a currency transmitter license in Rhode Island earlier this week . While Musk has hinted at supporting crypto on the platform – even briefly switching out Twitter's bird logo to dogecoin's dog before its rebranding to X la...

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ALSO: MiCA hero leads 'digital euro,' SBF's defense claims rebuked, rebuked rebuked and more | Aug. 30, 2023 The biggest crypto news and ideas of the day  Were you forwarded this newsletter? Sign up here . Don't want this newsletter? Unsubscribe   Supported By   Welcome to The Node! This is Daniel Kuhn here to take you through the latest in crypto news and why it matters.   In today's news: Prosectors push back against a number of SBF's defense strategies. Architect of EU's MiCA regulations leads on "digital euro." And Polygon releases toolkit marking trend of scaling firms open sourcing zero-knowledge tech.   The takeaway: Preston Byrne writes about the SEC's first enforcement action involving NFTs, and the hierarchy of ways law intersects with financial technology.   Pre-Trial Motions There's been a flurry of filings in Sam Bankman-Fried's case recently, which mostly boil down to SBF's lawyers want to win c...