Bitpanda’s deputy CEO Lukas Konrad says the European Union’s promise of regulatory clarity is translating into adoption: the Raiffeisen partnership, which kicked off several months ago for customers in the capital city Vienna, has seen an adoption rate of 10%, with new investors buying mainly large-cap cryptocurrencies like bitcoin and Ethereum tokens, he said. Source
Users only need to deposit rswETH and eETH in Lyra and mint a yield-bearing derivative token, which then automatically executes a predefined yield-bearing strategy on-chain. In other words, any yield-bearing strategy can be automated and packaged into a composable ERC-20 token, which can be used elsewhere. Source
The Crypto Asset Committee has representatives from Bappebti, various government ministries, crypto bourses, clearing institutions, associations, academics and relevant practitioners. The committee will analyze industry reports, manage a central database, assess crypto asset risks and have the authority to propose adding or removing assets from the list. Source
Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims – in cash – within 60 days of court approval, according to new documents filed Tuesday evening. Source
The previous quarter saw the RWA market grow by leaps and bounds. Tokenized Treasury bills including BlackRock’s USD Institutional Digital Liquidity Fund, Superstate’s Short Duration US Government Securities Fund, and Ondo’s USDY grew by an impressive 41% to nearly $1.3 billion, driven by significant institutional interest and innovative product launches. Let’s recap the key developments and trends in the sector. Source
Yes, there has been a hyper-financialization in the NFT space, but money is not a dirty word in art. Money and art are interlinked. NFTs, being so transparently connected to the content that’s being produced, is not a negative thing. That being said, in the last two years, because of the bear market, there hasn’t been as much turnover. People have had time to really focus on their projects, spend more time building and to understand what they want to communicate. There’s fewer people throwing something out there trying to…
Coincidentally, the investors filed the proposed settlement with the court just two days before former NFL quarterback Tom Brady – Gronkowski’s former teammate – participated in a comedic roast, which saw several comedians and other stars comment on Brady’s previous crypto endorsements, though without mentioning FTX, Sam Bankman-Fried’s defunct exchange Brady promoted. Source
Several Democrats on the House Financial Services Committee have a bill coming this week to target money laundering through cryptocurrency mixing services, said Rep. Sean Casten (D-Ill.), one of its backers. Source
“This means trying to exclude all of trading, so not just automated trading,” he said. Trading, it shouldn’t have to be said, is a pretty big part of why people use crypto. Additionally, as far as Campbell can tell, Visa’s report cut out wallet addresses for centralized exchanges like Binance and Coinbase, which both hold stablecoins used in services like prepaid cards, “some of which are literally Visas.” Source
You would think the government would be against an online privacy service facilitating money laundering. But it actually created one of the best, says attorney Alexandra Damsker. Source