High Hopes for EU’s MiCA Law With Final Vote Imminent

EU member nations are already jostling to hold the crypto crown as the bloc becomes the first major global jurisdiction to regulate the sector.Source

DeFi Protocols Aave, Yearn Finance Likely Impacted in Exploit: PeckShield

Losses may total over $11 million, data suggests.Source

First Mover Asia: Major Cryptos Remain Unstirred by Inflation Data, Ethereum Shanghai Fork

ALSO: CoinDesk crypto markets analyst Glenn Williams writes that bitcoin whales recent moves may offer clues about BTC’s path forward.Source

Ethereum Trades Flat After Ethereum Shanghai Upgrade

Trading volume on ethereum trading pairs remained stable following the upgrade.Source

Ethereum’s Shanghai Upgrade Is Complete, Starting New Era of Staking Withdrawals

The Shapella upgrade was triggered at 22:27 UTC and is processing withdrawal requests.Source

Adidas Releases Chapter 1 of Its ALTS Dynamic NFT Collection

Holders of Adidas’ Into The Metaverse NFTs can burn their tokens to join the new dynamic NFT ecosystem.Source

FTX’s Bankruptcy Lawyers: ‘The Dumpster Fire Is Out’

Five months after the spectacular implosion of FTX, the Bahamas-based exchange’s new legal team has a message for both the U.S. bankruptcy court and creditors alike: “The situation has been stabilized and the dumpster fire is out.”Source

Blockchain Financial Services Firm Paxos Sets Withdrawal From Canada

Paxos, whose businesses include crypto brokerage and stablecoin issuance, is exiting the Canadian market, effective June 2, according to a posting on its website.Source

FTX Will Receive All of Ren Protocol’s Pegged Assets, Including Bitcoin and Dogecoin

FTX’s sister company Alameda Research had previously acquired Ren to provide long-term funding before shutting down.Source

Ethereum’s Shanghai Upgrade Only a Small Step Forward: Bank of America

The blockchain’s likely inability to increase throughput in the short term and increasing competition from alternative networks will constrain its adoption and usage, the report said.Source