Lulo Invest Newsletter #11

Binance is suspected of illegally providing digital asset services to local customers, and implementing poor money laundering checks, the Paris public prosecutor told CoinDesk.

Asset management giant BlackRock filed an application with the Securities and Exchange Commission for a spot Bitcoin ETF using Coinbase for custody. If approved, it would be the first product of its kind in the U.S.

Decentralized exchanges like Uniswap have seen a surge in volume recently due to regulatory crackdowns in the United States.

US VC giant Andreessen Horowitz — which has about $35 billion in assets under management — is to open its first (yes, the first) international office in London, led by one of the firm’s general partners, Sriram Krishnan. The office will focus on supporting the development of crypto, blockchain technologies and associated web3 startups. a16z […]

The Hong Kong Monetary Authority put pressure on HSBC, Standard Chartered and Bank of China, according to the Financial Times.

Despite an ongoing legal battle with the Securities and Exchange Commission, Ripple is partnering with the central bank of Colombia to roll out yet another blockchain/CBDC pilot.

Binance, one of the world's largest cryptocurrency exchange platforms, will no longer be available for trading activities to owners of digital currencies in the Netherlands starting next month. De Nederlandsche Bank (DNB) did not grant Binance a license to operate in the country. New users from the Netherlands can no longer register on the platform, and after July 17, users will only be able to withdraw assets from their accounts.

Traditional finance companies are boosting their engagement with Ethereum-based real-world asset protocols, resulting in RWAs outperforming DeFi blue chips.