I hope you had a good weekend, folks. In today's newsletter, the SEC warns FTX against repaying creditors in stablecoins, OKX hires a former MAS official as its Singapore CEO, global crypto investment products see over $300 million in net weekly outflows and more.

Let's get started.

In a recent filing, the Securities and Exchange Commission warned the FTX estate that it might oppose attempts to repay creditors with stablecoins or other digital assets.

OKX's Singapore entity, OKX SG, has received a full Major Payment Institution license from the Monetary Authority of Singapore.

Global crypto investment products returned to net outflows last week, totaling $305 million, following net inflows of $543 million the week before, according to CoinShares.

DeFi protocol fees dropped by 24.4% in August to $288 million, marking the lowest level since February, according to The Block's data dashboard.

U.S. Vice President Kamala Harris's odds of winning the November election have dropped to 47% on the decentralized predictions platform Polymarket.

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