Here is the outline for the newsletter today🔥

• Bitcoin could revolutionize finance, says BlackRock CEO🏦

• Twitter has been awarded 3 money transmitter licenses💵

• Pendle Finance expands to BNB Network🛜

Bitcoin could revolutionize finance, says BlackRock CEO🏦

In a recent interview with Fox Business, BlackRock CEO Larry Fink shared his perspective on the potential impact of Bitcoin on the financial system. Fink expressed his belief that Bitcoin could revolutionize finance through the tokenization of assets and securities.

According to Fink, Bitcoin's ability to represent an international asset, not tied to any specific currency, makes it an attractive alternative for investors.

He highlighted that Bitcoin could serve as a hedge against inflation and the challenges faced by individual countries or their currencies. This perspective marks a significant shift for Fink, who was previously known to be skeptical about cryptocurrencies and their use in illicit activities.

In line with Fink's positive outlook on Bitcoin, the iShares unit of BlackRock filed paperwork with the U.S. Securities and Exchange Commission (SEC) for a spot Bitcoin exchange-traded fund (ETF) in mid-June.

While BlackRock has a strong track record of getting ETFs approved by the SEC, Fink couldn't provide an exact timeline for when a decision on the Bitcoin ETF can be expected.

Despite Fink's optimistic views, the price of Bitcoin has remained relatively unchanged around the $30,500 mark.

However, his endorsement of Bitcoin's potential to revolutionize finance adds credibility to the growing acceptance of cryptocurrencies in the mainstream financial industry.

Twitter has been awarded 3 money transmitter licenses💵

Twitter's recent regulatory approval from three U.S. states—New Hampshire, Michigan, and Missouri—opens up new avenues for the social media giant to expand into payments and other financial services.

These licenses allow Twitter to send, receive, and transfer funds for customers, both nationally and internationally. Additionally, they grant privileges such as currency exchange and the issuance of prepaid cards.

The move aligns with Elon Musk's ambitious plans for Twitter since his announcement of acquiring the platform in a $44 billion deal.

Musk has been vocal about his intention to transform Twitter and create a digital town where users can do everything they want, including making payments.

While the money transmitter licenses do not guarantee cryptocurrency integration, they offer a glimmer of hope for digital asset advocates who are eagerly awaiting the integration of cryptocurrencies on the platform.

It's worth mentioning that the regulatory approvals come at a time when Twitter faces stiff competition from its rivals.

As the tech landscape evolves, Twitter aims to stay ahead by diversifying its offerings and providing users with a comprehensive and seamless experience.

He really does wanna make Twitter the “WeChat” of the West 🤔

Pendle Finance expands to BNB Network🛜

Pendle Finance, an Ethereum and Arbitrum-based liquid staking derivatives (LSD) platform, is expanding its services to the BNB Chain network.

This expansion aims to capture newer users and attract revenues for the growing platform.

Liquid staking has emerged as one of the fastest-growing sectors in DeFi, and Pendle recognizes the untapped potential of LSD-based financial products.

By offering users yields in the form of tradable digital tokens, Pendle provides an opportunity for investors to earn attractive annualized yields on ether (ETH) and ether derivative tokens. In fact, some of their strategies offer as much as 82% annualized yields.

These tradable digital tokens have a maturity period that ends in late 2023 or early 2024, allowing users to participate in the growth potential of the market.

LSDs, created by DeFi protocols like Lido, are used to reward users who stake ETH on their platforms. Pendle's goal is to establish the liquidity foundation for LSD in these ecosystems, paving the way for other LSD and LSDfi protocols to build on top of it.

Despite the general bear market conditions, Pendle has demonstrated remarkable growth, with the locked value of tokens on their platform increasing by nearly 300% since the beginning of this year.

Currently, Pendle holds the tenth-largest Total Value Locked (TVL) on Arbitrum and is the largest holder of RocketPool ether (rETH) and the third-largest holder of wrapped staked ether (wstETH) on the network.

If you are currently not in Pendle now, it is definitely a DeFi protocol to check out!

✨Bonus News✨

Disclaimer: This is not any kind of financial advise. This newsletter is solely informational; it does not constitute investment advice, a solicitation to buy or sell any securities, or a recommendation regarding how to manage your money. Be cautious and conduct your own study, please.