Lulo Invest Newsletters April 12, 2024
Lulo Invest Newsletter #53
Binance Labs invests in BounceBit to advance Bitcoin utilization
Binance Labs invests in BounceBit to transform Bitcoin's role with innovative solutions
crypto.news/binance-labs-invests-bouncebit
South Africa Starts Issuing Crypto Licenses With Luno, Zignaly Among First Recipients
Regulators in the country have said they plan to authorize up to 60 digital asset firms by April.
www.coindesk.com/policy/2024/04/11/luno-among-first-crypto-firms-to-receive-south-africa-license/amp
Dubai Regulator Wants to Lower the Cost of Compliance for Small Crypto Firms
While Dubai's regulatory rules were broadly welcomed, some firms worried about the expense.
www.coindesk.com/policy/2024/04/11/dubai-regulator-wants-to-lower-the-cost-of-compliance-for-small-crypto-firms/amp
BlackRock tokenized BUIDL fund now convertible to USDC 24/7 via Circle integration
Circle, the issuer of USDC, announced a new smart contract functionality that allows holders of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to transfer their shares to Circle for USDC. As reported by Circle, this smart contract provides BUIDL investors with a near-instant, 24/7 off-ramp, leveraging the core benefits of tokenized assets: speed, transparency, […]
cryptoslate.com/blackrock-tokenized-buidl-fund-now-convertible-to-usdc-24-7-via-circle-integration
Bitfinex issues tokenized debt for El Salvador's first hotel funded via blockchain
Bitfinex Securities and Hilton partner for El Salvador's first blockchain-backed hotel development.
cryptoslate.com/bitfinex-issues-tokenized-debt-for-el-salvadors-first-hotel-funded-via-blockchain
Blockchain Developer Monad Labs Raises $225M Led by Paradigm
The company is looking to offer an Ethereum-compatible environment that's faster than the original.
www.coindesk.com/business/2024/04/09/blockchain-developer-monad-labs-raises-225m-led-by-paradigm/amp
Thai Crypto Exchange Bitkub May Be Valued as High as $3B in IPO: CEO
Jirayut Srupsrisopa said earlier this month that an IPO was planned for next year.
www.coindesk.com/business/2024/04/11/thai-crypto-exchange-bitkub-may-be-valued-as-high-as-3b-in-ipo-ceo/amp
Crypto Miners Run Down Bitcoin Inventory to 3-Year Low in a Strategic Pre-Halving Move
Bitcoin miners have been running down inventory in a rising market, moving away from the accumulation strategy seen before the prior halving in May 2020.
www.coindesk.com/markets/2024/04/10/crypto-miners-run-down-bitcoin-inventory-to-3-year-low-in-a-strategic-pre-halving-move/amp
How this Tokenized Hedge Fund Generates Billions in Crypto with 37% Yield
Ethena, a crypto project mirroring a common hedge-fund trade, has captured the attention of investors, drawing billions in investments and generating significant buzz in the market. However, skepticism is brewing about the sustainability of its current yields, which stand at approximately 37%.Notab…
www.tradingview.com/news/coinedition:dda8f73bd094b:0-how-this-tokenized-hedge-fund-generates-billions-in-crypto-with-37-yield
Hong Kong Poised to Lead Asia with Spot Bitcoin ETFs Approval In April
Hong Kong is on the brink of a major achievement, positioning itself as the first city in Asia to offer spot bitcoin exchange-traded funds.
zycrypto.com/hong-kong-poised-to-lead-asia-with-spot-bitcoin-etfs-approval-in-april/?amp
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