Digital Asset Treasuries
Bankruptcy
FTX creditor group files objection against bankruptcy reorganization plan
The creditors argued that FTX's cash repayment would force a taxable event that could be avoided by in-kind repayment.
Technology
Major v17 update causes 4-hour Cosmos Hub downtime, ATOM token stable
Cosmos co-founder Ethan Buchman said the upgrade was the biggest within the ecosystem in the past year.
Exchanges
Bybit opens doors to Chinese users despite regulatory hurdles
China has continued to publicly maintain a hostile stand towards crypto trading activities.
Adoption
Vitalik Buterin criticizes celebrity memecoins for lack of real-world value
Buterin agued that most of the current celebrity memecoins lack any meaningful societal impact.
Crypto
Base outpaces Optimism and Arbitrum amid Coinbase’s Smart Wallet debut
The Coinbase-backed Base network has hit a transaction record, nears Optimism in TVL.
Hacks
Crypto firms on alert after Tether CEO Paolo Ardoino warns of email list breach
The crypto industry faces phishing threat after potential email vendor hack.
DeFi
Aave tops $20 billion in deposits amid record revenue and fee switch discussions
Aave's record $115 million annualized revenue has sparked discussions about a fee-switch proposal.
People
Lawmakers plea for President Biden’s swift action as US Binance exec fights for life in Nigerian prison
The lawmakers argued Gambaryan is being held as part of a coercion tactic by the Nigerian government to extort Binance.
Mining
Bitcoin halving slashes miners’ production in May by over 40%
The miners highlighted that their hashrate has continued to rise despite the falling BTC production.
Crypto
Avail secures $43 million to enhance Web3 with modular unification technology
Avail said the funding is coming ahead of its Avail DA mainnet launch which is coming in a few weeks.
Tokenization
Web3 Foundation boosts Polkadot’s Asia presence with grant to PolkaPort East
The Decentralized Fund inititaive is designed to support Polkadot-focused organizations with funding.
Crypto
Bitcoin ETFs show ‘staying power,’ now landing in Thailand
US-based Bitcoin ETFs are currently on a 15-day inflow streak.