MicroStrategy now holds approximately 214,246 BTC ($13.5 billion), which is more than 1% of all the 21 million bitcoin that will ever exist. Source
Michael Saylor's MicroStrategy Acquired Another 9,245 BTC for $623M
Category: ICO
MANTRA Chain Raises $11M for RWA Tokenization with Middle East Tint
MANTRA, a Middle East-focused project, is in the final stages of securing licensures from Dubai’s crypto regulator VARA, founder John Patrick Mullin told CoinDesk. These approvals will be essential in MANTRA’s plans to build and host a suite of compliance-minded tools for issuing and trading RWAs. Source
EU Lawmakers Vote for Three Major Texts in Anti-Money Laundering Package That Also Targets Crypto
Lawmakers voted 71 in favor (four abstentions, nine against) for the provisional agreement on the regulation for the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. Proposed mechanisms to be put in place by the EU’s 27 member states were agreed 74 with five votes against. Source
Stablecoin Project Gyroscope to Conduct Points Program, Launch High-Yield Liquidity Pools
Gyroscope’s Rehype liquidity pools are long on yield maximization. Lewis Gudgeon, co-founder of the project’s development team, FTL Labs, said depositors will have exposure to at least three sources of yield from lending assets into the pool. According to a press release, the pool’s true returns are “expected to often reach” around 15%. Source
Citi and Brazilian Development Bank Join Hyperledger Foundation
“When global financial organizations like DTCC, Citi, Visa and more step up to collaborate together under this open WG, I believe the market understands the importance of this technology to the financial industry and how working collaboratively in the open under a foundation like ours will drive faster and better outcomes,” said Daniela Barbosa, executive director at the Hyperledger Foundation. Source
Galaxy Digital (GLXY) to Introduce Exchange-Traded Products (ETPs) for Europeans in ‘Matter of Weeks’
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Grayscale CEO Believes Bitcoin ETF Fees Will Drop Over Time: CNBC
GBTC has seen $12 billion in outflows since due in part to its high fees compared to its competitors. Source
UK Regulator FCA Plans to Deliver a Market Abuse Regime for Crypto This Year
The U.K. has been refining it approach to regulating the crypto sector. Source
Brevan Howard-Backed Tokenization Firm Libre Goes Live
“Our clients were asking about how they could park their money in a form that gives them money-market returns and easily switch over to anything else,” Sehra said in an interview. “We have plugged that in quite quickly over the last two weeks, allowing users from Polygon mainnet to be able to park cash into a money market account, as well as Brevan Howard, Hamilton Lane etc.” Source
GPIF, Japan’s $1.4T-Asset State Pension Fund, Is Asking for Information About Investing in BTC
For the time being, GPIF invests in domestic bonds, domestic stocks, foreign bonds, foreign stocks, private equity, real estate and infrastructure. While the pension fund is seeking information about bitcoin, there’s no guarantee it will choose to invest in the world’s largest cryptocurrency once the evaluation is completed. Source