572:UK Crypto Tsar Needed::Cursed Inscriptions Ordinals Fix::Atomic Hack Update and More

Overnighters,

Episode 572:
UK Crypto Tsar Needed
Cursed Inscriptions Ordinals Fix
Atomic Hack Update and More
and More

Collect the Cover: awrd.gg/5239

The TL;DL

UK Crypto Tsar Needed - UK lawmakers call for immediate crypto regulation and a dedicated official to oversee the process, aiming to protect consumers and ensure UK's leadership in the crypto sector.

The Met to Return FTX Funds - The Metropolitan Museum of Art will return $550,000 in donations received from crypto exchange FTX before its collapse, as part of its bankruptcy proceedings.

Do Kwon on Bail - Terraform Labs co-founder Do Kwon granted bail in Montenegro; he faces charges in South Korea and the US related to the collapse of the Terra ecosystem.

Atomic Hack Updates - Atomic Wallet suffers a hack resulting in a $35 million theft; the company and blockchain investigators are working to track and recover the stolen funds.

3AC in Genesis Bankruptcy - Defunct crypto hedge fund Three Arrows Capital demands inclusion in the bankruptcy mediation process of crypto lender Genesis Global, asserting claims of over $1 billion.

Cursed Inscriptions Ordinals Fix - Bitcoin Ordinals protocol releases an upgrade to address over 71,000 invalid inscriptions, converting them into "blessed" ones and enabling trading.

JPMorgan's Indian Collaboration - JPMorgan collaborates with six major Indian banks to introduce a blockchain-based platform for interbank settlement of U.S. dollar transactions, aiming to enhance the existing settlement system.

SEC vs Binance: The Battle Begins-In a landmark case, the SEC has filed suit against Binance, its U.S. platform, and CEO Changpeng Zhao. Allegations include unregistered offers and sales of various tokens, and failure to register Binance.com as an exchange.

Crypto Overnighter Podcast (6/5/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

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