BREAKING
- KfW issues its first crypto security, a blockchain-based bond with a volume of EUR 100 million, thereby testing the technology. Investors include Union Investment, Berliner Volksbank, DekaBank, LBBW and Solventis.
MORE
- Eight Ether ETFs from BlackRock, VanEck, Franklin Templeton, Fidelity, 21Shares, Bitwise and Grayscale were launched with great success on the Nasdaq, CBOE and NYSE exchanges, jointly reaching a trading volume of more than $1 billion on their first trading day (24% of Bitcoin ETF day 1, the largest ETF launch of all time).
- Donald Trump becomes the first presidential candidate to speak at a blockchain conference, "Bitcoin 2024," and pledges to appoint a Bitcoin and crypto advisory committee in the White House.
- The municipal pension fund of Jersey City, New Jersey, has announced plans to invest in Bitcoin via exchange-traded funds.
- The Eurosystem, consisting of the ECB and the national central banks in Europe, will offer the option from 2024 to settle transactions on the blockchain in central bank money through delivery-versus-payment (DvP).
- The Dresden public prosecutor's office sells 49,858 seized Bitcoin, generating just under EUR 2.6 billion. Criticism is pouring in from the crypto scene for having missed the opportunity of a long-term Bitcoin reserve strategy.
- Senator Lummis proposes that the US purchase 1 million Bitcoin as a strategic reserve and to reduce the national debt.
- Circle becomes the first global stablecoin issuer to achieve compliance with the EU's MiCA regulation and will now be able to issue USDC and EURC in the EU.
- BaFin has granted DekaBank and Cashlink a crypto securities registrar license, the first companies ever to receive one.
- Société Générale-Forge likewise receives an e-money license for its improved EURCV stablecoin.
- Partior, the company founded by JPMorgan, raises $60 million in a Series B and aims to deploy DLT technology in the traditional correspondent banking business.
- The SEC yields to criticism that it is stifling innovation through overly strict regulation and closes its investigation into the BUSD stablecoin issued by Binance, while the US federal court does not classify the BNB coin as a security.
- The US House of Representatives fails to override Biden's veto. US banks will therefore presumably continue to face restrictions in their role as crypto custodians for their clients.
- California is migrating 42 million vehicle titles to Avalanche. The system enables the transfer of vehicle registrations within minutes and without a trip to a government office.
- The market share of trading volume on decentralized exchanges (DEX) versus centralized exchanges (CEX) has reached an all-time high.
SPEAKERS’ CORNER
- We are convinced that the tokenization of assets will have a lasting impact on the financial industry in the coming years.
- The World Economic Forum (WEF) estimates that by 2027 around 10% of global GDP could be stored on blockchains in the form of tokenized assets.
- Our goal is to actively help shape this market. We have therefore announced various partnerships this month with Germany's leading tokenization companies.
- First products are set to be launched shortly.
Translated from the German original, which is the authoritative version. Read the German version
