

Crypto Life
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As German bank KfW issues a second digital bearer bond on the public @0xPolygon blockchain, the @BIS_org’s Basel Committee explores how banks can mitigate permissionless #blockchain risks. This week’s onchain finance news ↓ 1️⃣ KfW issues bearer bond on Polygon as part of ECB trials “This trial allows us to test automated cash settlement and DvP transactions for blockchain-based digital bonds.” Over 60 financial institutions have now participated in the trials. ledgerinsights.com/kfw-issues-dig… 2️⃣ Basel Committee explores how banks can mitigate permissionless blockchain risks “Certain risks stem from the blockchains’ reliance on unknown third parties, which makes it difficult for banks to conduct due diligence and oversight.” cointelegraph.com/news/banks-pub… 3️⃣ Qatar launches digital assets framework “We are laying the groundwork for the development of a thriving and innovative financial services sector.” assetservicingtimes.com/assetservicesn… 4️⃣ HSBC, StanChart, Bank of China HK share plans for HK tokenized deposit sandbox The primary purpose is to trial a wholesale central bank digital currency (wCBDC) as a settlement tool for tokenized deposits. ledgerinsights.com/hsbc-stanchart… 5️⃣ Revolut rolls out virtual crypto payment cards The virtual cards are integrated with Apple Pay and Google Pay, enabling users to spend crypto on everyday essentials. finextra.com/newsarticle/44… 6️⃣ NCR Atleos enables #Bitcoin cashout at ATMs “One of the remaining barriers to greater bitcoin adoption by consumers has been the ability to move easily and effortlessly from bitcoin to cash without waiting days for transfers facilitated by ACH or dealing with the complexity of wire transfers.” finextra.com/newsarticle/44…

What happened to all Foundations???? Within 24 hours, #Polygon_Foundation deposited totally 25M $MATIC (~$10.43M) to #Binance. Address: platform.arkhamintelligence.com/explorer/addre…







#BTC Imagine the smell 🫢 Clear breakout and retest, but sidelinors waiting for 62k's 👀 Imo monthly open retest is BEARISH and will bring us lower 🩸


