1. Beijing Releases White Paper for Web3 Innovation and Development
Beijing has released a white paper outlining its plans for Web3 innovation and development. The document provides insights into the government's approach towards emerging technologies. [Source: CoinTelegraph](
https://cointelegraph.com/news/beijing-releases-white-paper-for-web3-innovation-and-development)
2. Debt Ceiling Deal Reached - Here's What's In It And What Comes Next
After negotiations, a deal has been reached on the debt ceiling issue. The article discusses the details of the agreement and provides an overview of the next steps. [Source: Forbes](
https://www.forbes.com/sites/anafaguy/2023/05/28/debt-ceiling-deal-reached---heres-whats-in-it-and-what-comes-next/?sh=649441159c5)
3. No ETH to Trade? Ethereum Exchange Balance Drops to a 5-year Low
The balance of Ethereum held on cryptocurrency exchanges has reached a five-year low, indicating a decrease in available ETH for trading. [Source: CoinTelegraph](
https://cointelegraph.com/news/no-eth-to-trade-ethereum-exchange-balance-drops-to-a-5-year-low)
4. Tornado Cash Governance Control Set to be Restored as Voters Approve Proposal
Tornado Cash token holders have approved a proposal to restore governance control, signaling a positive development for the project's future decision-making processes. [Source: CoinTelegraph](
https://cointelegraph.com/news/tornado-cash-governance-control-set-to-be-restored-as-token-votes-approve-proposal)
5. Hong Kong Securities Regulator to Accept License Applications for Crypto Exchanges Starting June 1st
Beginning on June 1st, the Hong Kong Securities Regulator will start accepting license applications from cryptocurrency exchanges, a move aimed at introducing regulation and oversight in the industry. [Source: CoinDesk](
https://www.coindesk.com/policy/2023/05/23/hong-kong-securities-regulator-to-accept-license-applications-for-crypto-exchanges-starting-june-1/)
6. Bitcoin Ordinals Surge as Total Inscriptions Triple Since Start of May
The number of Bitcoin addresses has experienced significant growth, tripling since the beginning of May. This surge indicates increased participation and interest in Bitcoin. [Source: Decrypt](
https://decrypt.co/news-explorer?pinned=173268&title=bitcoin-ordinals-surge-as-total-inscriptions-triple-since-start-of-may)
7. Arbitrum-Based Jimbos Protocol Hacked, Losing $7.5M in Ether
Jimbos Protocol, built on the Arbitrum network, has suffered a hack resulting in a loss of $7.5 million worth of Ether. The incident highlights security concerns in decentralized protocols. [Source: CoinTelegraph](
https://cointelegraph.com/news/arbitrum-based-jimbos-protocol-hacked-losing-7m-in-ethereum)
Please note that the information provided is based on the given sources, and it's always advisable to refer to the original articles for the most accurate and up-to-date information.
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