Kraken Leads Ether Unstaking Parade, Makes up 62% of Exit Queue
Kraken agreed to shut down its US crypto staking service in February as part of a settlement with the Securities and Exchange Commission.Source
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