Market
Hacks
Axie Infinity targeted in another hack, this time via discord bot
Axie Inifinity announced that hackers compromised the MEE6 Bot to add permissions for a fake Jiho account.
Wallets
Ledger launches browser extension to enable direct connections to Web3 apps
The beta launch will support apps on Ethereum and Solana while other networks will be supported later.
DeFi
Top German regulator executive wants DeFi regulated
The European Union is also considering extending its Markets in Crypto Assets (MiCA) law to other digital assets and crypto innovations, including the Web3 and financial sectors.
Adoption
MiamiCoin raises regulatory concerns after value nosedives more than 90%
MiamiCoin was developed by CityCoins — which is also working on creating cryptocurrencies for other cities in the U.S. like New York.
Analysis
Report: Crypto sees record investment despite bearish market
Terra’s UST recorded some inflows despite losing around 100% of its value and 99% of assets under management. Per the report, the asset saw an inflow of $0.043 million.
Stablecoins
Another algorithmic stablecoin, DEI, loses peg
Deus' team might have contributed to the decline as the developers had halted a mechanism that allowed investors to exchange their DEI for other tokens.
DeFi
Scream protocol losses millions to stablecoin depeg
Scream had hardcoded the value of these affected stablecoins, Fantom USD (fUSD) and DEI to $1, meaning their decline didn’t reflect on its platform.
Payments
SBF does not see Bitcoin becoming a payment network, lampoons its energy consumption
SBF believes that proof of stake networks like Solana, Avalanche, and others are the future of payment networks.
People
Zachxbt alleges Logan Paul is behind multiple crypto “pump and dump” schemes
Logan Paul allegedly hyped and dumped crypto projects like DinkDoink, EthereumMax and others.
Adoption
El Salvador’s over $100 million Bitcoin purchase is now worth $66 million
El Salvador’s Bitcoin losses are equal to its next interest payment to bondholders, which is due on June 15.
Crypto
Exchanges begin delisting LUNA, Binance explains why
Terra has announced proposals to correct the state of things by burning UST, but that may not be enough to remedy the network.
Regulation
Pro-crypto SEC commissioner foresees faster stablecoin regulations after Terra crash
The crash of Terra’s UST mean that US regulators could work faster to establish some framework for stablecoins.