Version 2 of Jimbos protocol was attacked over the weekend for $7.3 million, just days after going live. Source: https://www.coindesk.com/tech/2023/05/29/arbitrum-based-jimbos-protocol-scurries-for-revival-after-7m-exploit/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Temasek wrote down the entirety of its investment in FTX in November. Source: https://www.coindesk.com/business/2023/05/29/singapores-temasek-to-exercise-caution-in-crypto-space-after-ftx-nightmare/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

India’s CoinDCX, CoinSwitch, WazirX, BuyUCoin, ZebPay and Giottus all think they’ll survive the current bear market – here’s how. Source: https://www.coindesk.com/policy/2023/05/29/indian-crypto-exchanges-are-in-survival-mode-trying-to-extend-their-runways/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ALSO: A Chinese governmental agency released a paper over the weekend that outlined suggestions for China’s Web3 policy, but it didn’t broach must new ground. Still, the paper represented …

Debates in crypto are increasingly polarized and politicized, as a recent CoinDesk story about a controversial mining plant in New York shows. Source: https://www.coindesk.com/consensus-magazine/2023/05/26/striving-for-the-impossible-reasonable-crypto-debate/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The crypto bridging service Multichain is coming under the microscope from Binance and other important outposts. Source: https://www.coindesk.com/business/2023/05/26/binance-other-crypto-players-shun-multichain-as-bridging-rumors-swirl/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Nike’s .SWOOSH NFT drop was filled with missteps, while a Bitcoin NFT collection topped the charts and NFT lending is gaining momentum with Binance and Astaria entering the market. …

The joint venture between Gulf Innova and Binance aims to offer crypto services in the country starting later this year. Source: https://www.coindesk.com/policy/2023/05/26/gulf-binance-clinches-thai-regulatory-approval/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

More than 9.3 million tokens will be unlocked Sunday, representing 1.2% of AXAX’s total supply. Source: https://www.coindesk.com/business/2023/05/26/avalanches-avax-token-remains-flat-ahead-of-its-130-million-token-unlock/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Tsuyoshi Chino added that Binance J.apan may be still “a long way off” its business and activities being properly understood in gaining regulatory acceptance Source: https://www.coindesk.com/business/2023/05/26/stablecoins-are-the-glue-between-the-real-economy-and-blockchain-binance-japan-general-manager/?utm_medium=referral&utm_source=rss&utm_campaign=headlines