Lulo Invest Newsletter #58

Simplifying investing in the era of digital assets

Welcome to the 58th edition of our weekly newsletter as we cover some of the most interesting and topical news from around the world.

Binance: Bitcoin has a scalability issue, but there's hope in solutions

Bitcoin's ecosystem is changing due to new tech and high fees, demanding scalability solutions. Recent findings from Binance stress the pressing need to tackle Bitcoin's scalability challenges.

crypto.news/binance-bitcoin-has-a-scalability-issue-but-theres-hope-in-solutions

How Will Crypto Markets React to Massive $4.7B Bitcoin Options Expiry Today?

Friday is crypto options expiry day but today is an end-of-month event with a massive batch of expiring Bitcoin contracts, how will markets react? 

cryptopotato.com/how-will-crypto-markets-react-to-massive-4-7b-bitcoin-options-expiry-today/?amp

Crypto exchange Gemini returns $2.2 billion to users after pausing withdrawals 18 months ago

Crypto exchange Gemini announced Wednesday that it will return $2.18 billion to users of the Earn program, which it paused withdrawals for in November 2022.

www.cnbc.com/amp/2024/05/29/winklevoss-crypto-exchange-gemini-returns-2point2-billion-to-users.html

Mastercard launches P2P crypto network, vanity address system

Mastercard is launching a peer-to-peer network for sending and receiving digital assets across borders.

www.theblock.co/amp/post/297409/mastercard-launches-p2p-crypto-network-vanity-address-system

SEC's Hester Peirce proposes US-UK crypto regulatory 'cross-border' sandbox

The SEC's Hester Peirce proposed a "cross-border sandbox" where the U.S. and the U.K. would allow crypto firms to participate for two years.

www.theblock.co/amp/post/297661/secs-hester-peirce-proposes-us-uk-crypto-regulatory-cross-border-sandbox

Deutsche Bank tests Ethereum-based platform to mitigate margin compression

German banking giant Deutsche Bank AG views blockchain technology as a means to mitigate margin compression

crypto.news/deutsche-bank-tests-ethereum-based-platform-to-mitigate-margin-compression

PayPal USD Stablecoin Now Available on Solana Blockchain, Providing Faster, Cheaper Transactions for Consumers

Crypto.com, Phantom and Paxos are first to provide onramps to use PayPal USD (PYUSD) on Solana blockchain.

newsroom.paypal-corp.com/2024-05-29-PayPal-USD-Stablecoin-Now-Available-on-Solana-Blockchain,-Providing-Faster,-Cheaper-Transactions-for-Consumers

Berkshire Hathaway Profits From Crypto Despite Warren Buffet's Stance On Not Buying Even 'If All Were Offered To Me For $25'

Despite long-time Bitcoin skeptic Warren Buffett maintaining his critical viewpoint on cryptocurrencies, Berkshire Hathaway Inc. (NYSE:BRK) continues to benefit financially through its investment in Brazilian fintech Nu Holdings Ltd. (NYSE:NU). Although Buffett has been openly critical of Bitcoin, referring to it as “rat poison,” Berkshire Hathaway has reaped significant gains via its stake in Nu Holdings. Initially investing $500 million in a Series G funding round and an additional $250 millio

finance.yahoo.com/news/berkshire-hathaway-profits-crypto-despite-190039025.html

Revolut cranks up hiring as it pushes crypto services to its 40m customers

Revolut is hiring new members of its crypto team. PayPal, Stripe and Robinhood are doing the same.

www.dlnews.com/articles/fintech/revolut-on-hiring-spree-as-fintechs-corner-crypto-market

Crypto Wallet Firm Fordefi Expands in Indonesia Powering Pintu Web3 Self-Custodial Wallet

The move is part of Fordefi's plan to extend its wallet service mostly used by institutional investors to retail-facing trading platforms.

www.coindesk.com/business/2024/05/29/crypto-wallet-firm-fordefi-expands-in-indonesia-powering-pintu-web3-self-custodial-wallet/amp

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