According to official announcements from Upbit, in order to protect users and prevent accidents, due to issues discovered during regular and non-regular risk assessments, they have decided to temporarily suspend digital asset deposit and withdrawal transactions of 1 million Korean won or more conducted through Delio and Btrade.

Ledgible, a digital asset tax, accounting, and data platform, has partnered with DigiShares, a white-label platform for compliant issuance, investor management, and peer-to-peer trading of tokenized digital assets. The alliance aims to streamline tax compliance and accounting practices for businesses and institutions operating in the digital asset ecosystem.

The proposed legislation by Republicans to create new regulations for crypto markets in the US may face challenges due to the Securities and Exchange Commission's (SEC) lack of technical feedback.

Bitcoin is ending the week on a down note after the optimism that pushed the price of the largest digital asset to a one-year high fades amid a flurry of fresh industry turmoil and crosscurrents in global financial markets. 

Mastercard has launched the Multi-Token Network (MTN) to provide secure and scalable transactions within digital asset and blockchain ecosystems. The platform aims to foster trust and confidence in the digital asset industry by prioritizing regulatory compliance, consumer protections, and technological advancements. The beta version of the network will be launched in the UK as a testbed for developing live pilot applications and use cases with financial institutions, fintech companies, and central banks. MTN can enable efficient cross-border payments, enhance supply chain management, enable tokenized securities, and secure CBDC transactions. Mastercard's MTN is poised to shape the future of digital asset transactions, fostering confidence and driving innovation in the industry.

June 29 (Cointime) - Traders are closely watching the liquidity and pricing of True USD (TUSD) stablecoin as short interest rises. Recent reports show that TUSD has a $26,000 exposure to Prime Trust, a digital asset on- and off-ramp company that has been placed under receivership by Nevada regulators.

June 23 (Cointime) - Digital Asset, the New York-based firm that was working with the Australian Securities Exchange (ASX) on a blockchain-based clearing system, has accused the ASX of dropping the project. The ASX has responded by saying that Digital Asset's claims are misleading.

June 23 (Cointime) - The Commodity Futures Trading Commission (CFTC) has taken legal action against a California man and his company for allegedly running a romance scam that defrauded at least 29 investors out of over $1.3 million in digital asset commodity and forex trading between April 2021 and March 2022.

Paxos has expanded its network of partners in Brazil and other parts of Latin America as part of its plan to introduce its regulated blockchain infrastructure and tokenization platform to global enterprises.

The House Agriculture Committee in the US will hold a hearing on June 6 titled "The Future of Digital Assets: Providing Clarity for Digital Asset Spot Markets".