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Changpeng Zhao, the ex-CEO of Binance, has started serving his four-month term in a minimum-security federal penitentiary located in Lompoc, California, as reported by CNBC.

Gabor Gurbacs, a strategic advisor at Tether, which issues USDT, highlighted Bitcoin's capacity to transform the way central banks manage and safeguard national reserves. He cited India's logistical difficulties with gold as a notable illustration of this potential.

Following a flawed airdrop that resulted in over $26 million in compensation to users, several executives at the crypto exchange Bybit have changed positions. Reports of these leadership changes emerged on May 31, with a Bybit spokesperson stating that the company regularly updates its business structure.

President Biden vetoed a House Joint Resolution aimed at repealing the Securities and Exchange Commission's (SEC) Staff Accounting Bulletin 121 (SAB 121), which directs financial institutions holding cryptocurrencies for customers to keep the assets on their balance sheets.

As Dogecoin struggles around its 21 and 50-day moving averages, investors are turning their attention to a new alternative called Dogeverse (DV) in hopes of significant returns.

Vitalik Buterin, one of the creators of Ethereum, contributed 30 ETH, equivalent to roughly $113,000, towards aiding the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm. This donation was facilitated through the decentralized fundraising platform Juicebox.