Daily Market Wrap
Crypto market cap: 1.86 trillion, up 1.59%
BTC price stands at USD 39,792, up 0.98%
ETH price stands at USD 3,021, up 2.06%
Top gainer: Shiba Inu (SHIB), up 20.44%
Top loser: Kyber Network Crystal v2 (KNC), down 8.84%
News of the Day
Why it matters:
The launch of Uniswap Labs Ventures (ULV) aims to support web 3.0 innovation
Uniswap Lab Ventures has invested in 11 companies and web3 protocols including Aave, MakerDAO, Compound Protocol, and LayerZero
Uniswap founder Hayden Adams shared the ULV plan on Twitter, stating that it will actively participate in on and off-chain governance and community collaboration
Crypto daily spotlight
Brief introduction: The Bored Ape Yacht Club (BAYC) is arguably the most influential NFT project by far. The BAYC NFT collection was technically created by Yuga Labs. It is a collection of 10,000 NFT Apes, each with completely unique traits. By purchasing an Ape, you will get exclusive access to future collections and other perks as a member of BAYC. Part of BAYC’s success nowadays has been its focus on creating a universe and exclusive club behind the NFTs, maintaining the hype and a relatively high floor price as a result.
Why it matters:
Coinbase’s entertainment team and Bored Ape Yacht Club are teaming up to produce a trilogy. Bored Ape owners can submit their apes on the Degen Trilogy website for consideration to be cast in the films
Non-Bored Ape holders can still check the Degen Trilogy website with a Coinbase Wallet account. Others can also vote on their favorite ape’s storyline and help craft the series’ direction.
The first instalment of the film trilogy, titled “The Degen Trilogy”, will premiere in June 2022 at NFT.NYC
BAYC’s official Twitter announced the second film will feature the MAYC NFTs community
Daily sector tracker
Daily News Roundup
Epic Games Receives a $2 billion Investment For Its Metaverse Development https://bit.ly/365Dn9B
BlackRock Has Partnered with Circle Internet Financial Exploring Capital Market Applications For USDC https://bit.ly/3uyRNsf
The U.S. Consumer Price Index (CPI) Soars to a 40-Year High of 8.5% https://bit.ly/3rgA1b2
Morgan Stanley Believes The US Will Regulate Stablecoin Issuers In A Similar Way to Banks https://bit.ly/3E3SwEW
Crypto Funds Saw The Second Largest Weekly Outflows Fled in April https://bit.ly/3jxCFFg
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