SEC to appeal XRP, PayPal launches stablecoin, and Microsoft partners with Aptos

1. The SEC said in a court filing on Wednesday that it would file an “interlocutory appeal” for the federal court ruling on Ripple and the XRP token last month. Read more.
2. Artificial intelligence has captured the hearts, minds and wallets of the technology industry. So it’s little surprise that Microsoft, which has several irons in the AI fire, is working to expand its footprint in the area. On Wednesday, the company announced that it is partnering with layer-1 blockchain Aptos Labs to work on AI and web3. Details here.
3. PayPal is rolling out a stablecoin for payments and transfers. Yes, you read that right. Find out what that means for users and the traditional payment world here. 
4. Will the Law Commission’s digital assets final report make the UK a DeFi jurisdiction of choice?
5. Coinbase reported its second-quarter earnings Thursday afternoon after the bell, beating market estimates. We dove into what it means for the company, so you don’t have to.
6. Beacon, an early-stage web3 accelerator program, held its demo day on Wednesday during which the teams homed in on infrastructure, gaming, decentralized social media and DeFi, held its second cohort graduation on Wednesday. Learn more here.