Lulo Invest Newsletter #15

Welcome to our 15th Newsletter!

Our latest round up of news in crypto from around the world!

Tokenized US Treasuries Top $620M as Real World Asset Tokenization Grows

Explore the booming sector of real-world asset tokenization and discover how tokenized U.S. Treasuries hit a record $600M.

beincrypto.com/tokenized-us-treasuries-620m-real-world-asset-tokenization

Ripple Labs notches landmark win in SEC case over XRP cryptocurrency

Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges, a U.S. judge ruled on Thursday, a landmark legal victory for the cryptocurrency industry that sent the value of XRP soaring.

www.reuters.com/legal/us-judge-says-sec-lawsuit-vs-ripple-labs-can-proceed-trial-some-claims-2023-07-13

More Tokenized Treasuries Arrive on Polygon as Digital Bond Market Expands

Ondo’s OUSG token, one of the largest on-chain tokenized Treasury products, has accrued $134 million of assets under management on Ethereum.

www.coindesk.com/markets/2023/07/13/real-world-asset-platform-ondo-finance-expands-tokenized-treasurys-to-polygon/?outputType=amp

Mediobanca and Cetif, tokenization of shares in an investment fund

Mediobanca Spa announced Tuesday that together with Cetif it has launched Italy's first initiative to tokenize investment fund shares. The project is being developed within the MEF's Regulatory...

www.marketscreener.com/amp/quote/stock/MEDIOBANCA-S-P-A-69007/news/Mediobanca-and-Cetif-tokenization-of-shares-in-an-investment-fund-44311217

Roi raises $3.6 million to build out investment app | Fortune

fortune.com/crypto/2023/07/13/roi-raises-3-million-to-help-investors-keep-up-with-value-of-crypto-and-nfts/amp

Bank of America's Shocking Anti-Crypto Move, Coinbase CEO Reacts

Previously, bank's chairman made some unappealing comments about 'digital gold'

u.today/bank-of-americas-shocking-anti-crypto-move-coinbase-ceo-reacts?amp

US Government Moves $300 Million Worth of Silk Road Bitcoin – What's Going On?

The US government has moved its Silk Road Bitcoin reserve, stirring up speculations about whether it plans a sale of the assets.

cryptonews.com/news/us-government-moves-300-million-worth-of-silk-road-bitcoin-whats-going-on.htm

Former crypto CEO arrested on fraud charges

The Securities and Exchange Commission, the Commodity Futures Trading Commission and the Federal Trade Commission also filed charges.

www.politico.com/news/2023/07/13/former-crypto-ceo-arrested-fraud-charges-00106088

Elon Musk's New ChatGPT Competitor Boosts AI-Related Crypto Tokens

Tokens such as AGIX and FET saw modest bump after Musk announced new Artificial Intelligence (AI) company "xAI" to take on ChatGPT.

www.coindesk.com/markets/2023/07/12/elon-musks-new-chatgpt-competitor-boosts-ai-related-crypto-tokens/?outputType=amp

Web3 VC Shima Capital Didn’t Slow Strategy for Crypto Winter

The investor in early-stage crypto companies has remained one of the most active investors in the space despite a bear market and the collapses of FTX and three banks.

www.coindesk.com/web3/2023/07/13/web3-vc-shima-capital-didnt-slow-strategy-for-crypto-winter/?outputType=amp

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