- Top ApolloX Gainer: N.A
- Top ApolloX Loser: NEARUSDT (-41.78%)
Bitcoin is down 18% from where it was a week ago and Ethereum plunged 27% over the past 7 days. On Friday alone, over 290,000 traders had their positions closed with liquidations totaling more than $1.1 billion. BTC futures open interest dropped from $12b to $9.6b and Ethereum futures open interest dropped from $6.7b to $5b in just a week.
- Shark Tank investor Kevin O’Leary says that cryptocurrency should be seen as ‘functional software’ and that Solana, Polygon and Hedera have ‘large’ potential. (Learn More)
- The European Securities and Markets Authority (ESMA) is pushing for a European Union ban on cryptocurrency mining for assets utilizing the proof-of-work (PoW) model like Bitcoin. (Learn More)
- Russia’s central bank called for a full ban on crypto trading, mining and usage. (Learn More)
- UBS analysts said that Bitcoin's slump could be the start of a 'crypto winter' that sees prices crash and fail to recover for years. (Learn More)
- The Hedera Governing Council has voted to purchase IP rights to the hashgraph consensus algorithm. They will make the code open source to build the world’s most advanced distributed ledger technology. (Learn More)
- OpenSea has created a private NFT Security Group to better tackle security and safety challenges. (Learn More)
- South Korea’s science ministry announced a five-year strategy to become a leading nation in the metaverse. (Learn More)
- Opera has launched a crypto browser integrating crypto features and the non-custodial Opera wallet, aimed at simplifying the web3 user experience. (Learn More)
Updates at ApolloX
- 150x Leverage BTCUSDT Contract - You can now trade BTCUSDT perpetual with up to 150x leverage. (Trade Now)
- New Contracts Launched - New perpetuals LUNAUSDT, TRXUSDT and FTMUSDT are live on ApolloX now! (Learn More)
- Learn & Earn - Earn APX while learning about crypto? Participate in our very first Learn & Earn. (Join Now)
The Week Ahead
- 4th Epoch Trading Rewards - There are some adjustments for the 4th Epoch of Trading Rewards Program. Read to find out more. (Learn More)
- Up Next On The Blog - Read about the first Polkadot parachain Moonbeam (GLMR) and vote in our poll on Thursday to decide our next #ApolloXplains blog article! (Visit Blog)
Risk Reminder: Crypto trading carries a risk. All trading activities are done at your discretion and at your own risk. The information here should not be regarded as financial or investment advice from ApolloX. ApolloX will not be liable for any loss that might arise from your use of any financial product.
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