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JPMorgan, 6 Indian Banks to Settle Dollar Trades on Onyx Blockchain System: Bloomberg

JPMorgan, 6 Indian Banks to Settle Dollar Trades on Onyx Blockchain System: Bloomberg

The aim of the project is to settle dollar trades in real time around the clock as opposed to over a matter of days and only during the working week.

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New York’s Met Museum Agrees to Return $550K in FTX Donations

The bankrupt crypto company is seeking the return of funds sent by Sam Bankman-Fried’s empire before its November collapse.

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Binance Hands Rising Star Teng Key Role to Replace CEO Zhao at Largest Crypto Exchange

Taking up an expanded role overseeing regional markets outside the U.S., former regulator Richard Teng wants to demonstrate Binance is “a new organization.”

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Defunct Crypto Hedge Fund 3AC Insists on Taking Part in Genesis Mediation

The defunct crypto hedge fund has claimed over $1 billion against Genesis, which itself filed for bankruptcy in January.

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Crypto Insurer Evertas’ Coverage Limit Increased to $420M: Reuters

London-based Arch Insurance International, a syndicate member of Lloyd’s of London, has authorized Evertas to increase its coverage limit for a single policy for crypto custodians and exchanges.

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UK Lawmakers Call for a Dedicated Government Role to Oversee Crypto Regulation

The Crypto and Digital Assets All Parliamentary Group released its long-awaited inquiry into crypto on Monday.

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Do Kwon’s $428K Bail Request in Fake Passport Case Approved by Montenegro Court

A previous approval was annulled by a higher court after it was determined the Terra founder’s finances were not sufficiently assessed in the first decision.

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Ethereum fees trend toward two-month low after May’s memecoin mania

The daily average gas fee on Ethereum is trending toward a two-month low after surging amid last month’s memecoin trading frenzy.

The post Ethereum fees trend toward two-month low after May’s memecoin mania appeared first on The Block.

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Atomic Wallet Users Hacked for $35M Worth of Bitcoin, Ether, Tether and Other Tokens

Atomic Wallet said Monday that “less than 1%” of its monthly active users were impacted in the weekend breach.

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First Mover Asia: Why Did Bitcoin’s Price Hold Above $27K Over the Weekend? Two Analysts Expect Continued Resilience

ALSO: The bitcoin options put/call ratio across exchanges has sunk to 0.47, suggesting that fewer investors are seeking downside protection against price declines than they had prior to the passage of a bill to raise the U.S. debt ceiling.

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