U.S. Sen. Elizabeth Warren (D-Mass.) cited the rampant use of cryptocurrency in the Chinese fentanyl trade during a Wednesday Senate hearing, arguing for legislation to help break that pipeline. …

The MiCA law is set to make the bloc the first major jurisdiction with tailored crypto regulations. Source: https://www.coindesk.com/policy/2023/05/31/eu-formally-signs-new-crypto-licensing-money-laundering-rules-into-law/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The bet made at Consensus 2018 hinged on how far Ethereum adoption would get by now. Crypto analysts say the blockchain appears to have met a key threshold, or …

The firm will “focus on talent densite” ahead of the next bull market, a spokersperson told CoinDesk. Source: https://www.coindesk.com/business/2023/05/31/binance-says-reevaluating-roles-after-report-of-layoffs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The startup offers non-custodial wallet infrastructure for an enterprise client list that includes Macy’s and Mattel. Source: https://www.coindesk.com/business/2023/05/31/paypal-ventures-leads-52m-round-for-crypto-firm-magic/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Tribe plans to make early-stage investments of $500,000-$3 million in layer 1 and 2 ecosystems, DeFi projects and infrastructure plays to bring real-world assets on chain. Source: https://www.coindesk.com/business/2023/05/31/venture-capital-firm-tribe-capital-targets-100m-for-latest-crypto-fund/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The parent company behind Web3 game STEPN is releasing GNT V3, which will allow users to turn their selfies into digital artworks on the Solana blockchain. Source: https://www.coindesk.com/web3/2023/05/31/find-satoshi-labs-rolls-out-ai-tool-that-turns-selfies-into-nfts/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

“I don’t really see a compelling reason to pause rate hikes,” Fed’s Master said, validating the recent hawkish repricing of interest rate expectations in the U.S. Source: https://www.coindesk.com/markets/2023/05/31/bitcoin-recedes-to-27k-as-feds-mester-favors-unabated-tightening-higher-for-longer-interest-rates/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Also: Bitcoin and volatility have a tricky relationship. BTC steadies below $28K after dip. Source: https://www.coindesk.com/markets/2023/05/31/first-mover-asia-nearly-275-million-in-ether-burnt-this-month-as-it-continues-deflationary-trend/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Investors awaited a House vote on the debt ceiling deal, scheduled for Wednesday. Source: https://www.coindesk.com/markets/2023/05/30/bitcoin-edges-below-28k-as-investors-eye-us-debt-ceiling-progress/?utm_medium=referral&utm_source=rss&utm_campaign=headlines