Lulo Invest Newsletter #59

Hong Kong's Securities and Futures Commission chief Julia Leung says Bitcoin is clearly showing its power to stay as an "alternative asset"

Blockchain infrastructure designed Alchemy has launched a development kit rollup-centric innovation in the crypto ecosystem. 

Since the May 23 approval of Ethereum ETFs, over $3 billion in ETH has left exchanges, signaling a potential supply squeeze.

Measures have been taken to prevent further unauthorized outflows, the exchange said.

Following Biden's veto of the resolution to overturn the SEC's crypto rules, U.S. lawmakers have intensified efforts to pass the FIT21 Act.

As well as Mastercard payments, the Binance-branded Visa card, which was also switched off last year, has restarted functionality on the exchange.

Robinhood’s $200 million acquisition deal comes despite receiving a Wells notice form the SEC in May.

CryptoUK released a 36-page guide to help crypto businesses navigate the U.K.’s new Travel Rule, providing industry perspectives on compliance challenges and best practices for VASPs.

Cheapest physically backed bitcoin ETP in Europe

Crypto is becoming an increasingly important part of Robinhood’s business, accounting for 20% of total revenue in the first quarter, the report said.

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