House Bill 1666, which aims to regulate digital asset providers in the cryptocurrency industry, has been passed unanimously in both chambers of the Texas legislature and is now awaiting the governor's signature. The bill, proposed by State Rep.

Nami Foundation, a leading digital asset and technology financial economics organization in Vietnam, has partnered with Chainalysis to strengthen its transaction monitoring and investigation capabilities for detecting money laundering and terrorist financing on its blockchain services.

Hunting Hill Global Capital, a traditional finance hedge fund based in New York with $364 million in assets under management, has announced the launch of its digital asset affiliate, Hunting Hill Digital (HHD).

Singapore-based company Rakkar Digital has launched its digital asset custodian services for institutional and enterprise clients across Southeast Asia and Hong Kong. The launch follows the company's recent acquisition of a Trust or Company Service Provider (TCSP) Licence in Hong Kong, which requires compliance with Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) regulations.

The SEC has settled with digital asset hedge fund EmpiresX for $34,839,951 in disgorgement over charges of defrauding investors and violating securities law. EmpiresX and its founders were accused of luring investors with false claims of daily profits and misappropriating large sums of investors' money for personal use. The settlement imposes a disgorgement of $32,178,397 and an additional $2,661,554 in interest.

OKX, the world's second-largest crypto exchange and a Web3 technology company, has applied to become a registered Digital Asset Service Provider in France under the strict requirements of the AMF and ACPR. This move demonstrates OKX's commitment to expanding its European presence, with France as a significant hub. Registration with the AMF will allow OKX to offer a range of products and services to customers in France in full compliance with local regulations. However, it is important to note that digital assets involve a high degree of risk and OKX is not regulated by the FCA, so individuals should consult with their legal/tax/investment professional before trading or holding digital assets.

Regulators across the globe are introducing regulations for the digital asset industry. The EU Parliament has approved the most comprehensive framework for digital assets ever, while Hong Kong and Singapore are competing with Japan to become the digital asset hub of the Asia-Pacific region.

Since staking withdrawals were enabled on April 12th, over $7.7 billion worth of Ethereum has been deposited into Ethereum's (ETH) Beacon Chain, which is a core component of Ethereum 2.0.

ASX, Australia's stock market operator, has announced that it will not use blockchain-based technology for its software overhaul, marking a significant repudiation of the once-hyped concept. ASX had previously paused the rebuild of its trading, settlement and clearing software based on decentralised computing after an external review found it needed to be largely reworked.

DWF Labs, an investment firm and digital asset market maker, has purchased 1.9 trillion LADYS, a meme token, for 108 ETH worth approximately $196,000 on Uniswap v3. Although it is unclear why DWF Labs is buying the token, there are concerns that they may be attempting to pump LADYS to liquidate and profit later.