Lulo Invest Newsletter #32

JPMorgan expressed doubt about the sustainability of the recent crypto market surge, stating that the "crypto rally looks overdone."

The government lost $420 million in potential revenue and failed to improve transparency because the tax regime prompted as many as 5 million crypto users to shift transactions offshore, a new study found.

Deutsche Börse intends to accelerate the development of its blockchain-backed D7 digital securities registry and build a trading platform for digital assets.

Standard Chartered's SC Ventures and SBI Holdings have partnered to set up a $100 million crypto vehicle in the UAE.

Australian crypto exchange CoinSpot has suffered an exploit that transferred more than $2 million from one of its hot wallets.

Singapore-based digital asset investment firm Spartan Group has announced an investment in the DeFi protocol Pendle Finance.

Investors including Balaji Srinivasan, Accomplice, Robot Ventures, Accel, Dialectic, Anagram, Avra and Hypersphere joined the $25 million Series A funding round.

The move comes a month after authorities in the City updated financial regulations to allow for retail investors to buy spot crypto ETFs.

HSBC plans to launch in 2024 a custody service for storing blockchain-based assets excluding cryptocurrency, the bank said on Wednesday.

Bitcoin ATMs are taking over malls and gas stations across the U.S.

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