ApeCoin DAO Approves Proposal to Boost Bored Ape NFTs, APE Ecosystem Growth
The Ape Accelerator will incubate and launch new projects that strengthen the Bored Ape Yacht Club and ApeCoin ecosystems.
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Ripple Starts Platform for Central Banks to Issue Their CBDCs
The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority’s e-HKD pilot.
First Mover Americas: Axie Infinity Rallies After Apple App Store Debut
The latest price moves in bitcoin (BTC) and crypto markets in context for May 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Tether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits
The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings.
Ripple Buys Crypto Custody Firm Metaco for $250M
Metaco will continue to operate as an independent business unit led by CEO and founder Adrien Treccani.
StanChart-Backed Zodia and LMAX Digital to Provide CoinShares With Crypto Trading Infrastructure
LMAX Digital and Zodia Custody are to provide institutional-grade trading infrastructure and custody to CoinShares.
Indian Authorities Asked to Restore Crypto Exchanges’ Access to UPI
India’s government and central bank have received proposals asking to restore access of the Unified Payments Interface (UPI), a widely popular real-time payment system, to the crypto industry.
Axie Infinity’s Token Jumps 12% After Firm Lists Game on Apple App Store
The dollar valued locked in the open futures contracts tied to AXS has surged to highest since February, signaling an influx of new money into the market.
China’s Top Prosecution Agency Says Although Not Banned NFTs Have Crypto-Like Attributes
NFT collections, targeted in new published guidelines, have been gaining popularity in China since the country prohibited the trading of cryptocurrencies.
Bitcoin’s Realized Price on Cusp of Flashing Major Bullish Signal
Bitcoin’s realized price looks set to cross above the average on-chain acquisition price of long-term holders, indicating a prolonged bullish period ahead.