Regulation
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.
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.
