Digital Asset Treasuries
Stablecoins
Ethena USDe overtakes Solana in revenue, hits $3 billion market cap
Ethena USDe is the fastest-growing USD-pegged asset in crypto history.
Exchanges
Binance to limit unregulated stablecoins in EU ahead of new crypto rules
Binance said it intends to implement a phased approach to meet the new stablecoin regulations in Europe.
Legal
Michael Saylor and MicroStrategy settle $40 million tax fraud case without admission of guilt
The attorney general's office said the settlement is the largest income tax fraud recovery in its history.
Investments
US leads $2 billion May crypto inflow while Ethereum ETF sparks investor interest
Trading activities for the crypto ETPs were surprisingly subdued, dropping by around 40% last week.
Culture
Matter Labs drops controversial ‘zero-knowledge’ trademark effort
US trademark website showed that the ZK trademark application was still live as of press time.
Exchanges
Bitcoin and Ethereum exchange balances hit record lows as spot ETFs drive withdrawals
Experts have predicted that the rising demand for Ethereum and Bitcoin could trigger a supply crunch.
Hacks
Linea under scrutiny for unilateral block production halt amid Velocore hack
Linea says its goal remains maintaining a permissionless, censorship-resistant environment.
Hacks
Japanese DMM exchange suspends withdrawals after $305 million Bitcoin theft
The theft ranks among the top 5 hacking incident that has affected a Japan-based crypto platform.
Mining
Bitdeer receives $150 million from Tether for ASIC-based mining rig development
Over the past month, Tether has stepped up its investment efforts in the Bitcoin mining sector.
Gaming
Pudgy Penguins teams up with Mythical Games to launch Web3 mobile game on Polkadot
The game would be released in 2025 and would further boost Pudgy Penguins popularity within the community.
Tokenization
Luna Foundation moves $95 million in crypto to new wallet citing enhanced security
Luna Foundation still holds around $161 million worth of digital assets in its reserves.
Legal
Matter Labs faces backlash over ‘zero-knowledge’ trademark attempt
Matter Labs' CEO Alex Gluchowski said he is opposed to the "very idea of “Intellectual Property."