<ul><li>Top ApolloX Gainer: AUDIOUSDT (&#43;21.93%)</li><li>Top ApolloX Loser: LOKAUSDT (-16.17%)</li></ul><h3 id="crypto-quicksnap">Crypto QuickSnap</h3><p>Web3 music streaming platform Audius has been gaining traction ever since <a href="https://twitter.com/AudiusProject/status/1493967550438387717" rel="noopener noreferrer nofollow">shifting its service from Ethereum to Solana</a> in February, alongside its <a href="https://www.cnbc.com/2021/08/17/audius-lands-tiktok-partnership-and-its-token-audio-market-cap-surged.html" rel="noopener noreferrer nofollow">high-profile partnership with global short video platform TikTok</a>. Meanwhile, the price of GameFi token LOKA has <a href="https://coinmarketcap.com/currencies/league-of-kingdoms/" rel="noopener noreferrer nofollow">dropped close to 55% </a>since its high in February this year. However, at the time of writing, LOKA token was up 12% in the past 24 hours.</p><h2 id="header-0">Market Analysis</h2><p>Bitcoin open interest decreased by over $613 million this week, continuing a downward trend since March as the market becomes more conservative. However, funding rates turned positive as compared to slightly negative last week, as some traders expect an upturn even as bitcoin price clings to $40k support. Close to $274 million long positions were liquidated in the past 7 days, with more than $144 million liquidated on April 11 alone.</p><p>Source: <a href="https://cryptoquant.com/" rel="noopener noreferrer nofollow">CryptoQuant</a></p><h2 id="header-1">CryptoBites</h2><h3 id="the-macro">The Macro</h3><ul><li>The US Treasury Department alleged that North Korean hacking group Lazarus is behind the over $600 million Ronin bridge exploit. (<a href="https://www.coindesk.com/policy/2022/04/14/us-officials-tie-north-korean-hacker-group-to-axies-ronin-exploit/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Grayscale Investments’ CEO says that the US SEC could potentially violate the Administrative Procedure Act by not approving a spot bitcoin exchange-traded fund. (<a href="https://news.bitcoin.com/sec-risks-violating-admin-procedure-act-by-rejecting-spot-bitcoin-etfs-says-grayscale/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Portugal has granted the country’s first crypto license to Bison Bank, which will launch Bison Digital Assets to conduct custodial and exchange services of crypto. (<a href="https://decrypt.co/97944/bison-bank-lands-first-crypto-license-in-portugal" rel="noopener noreferrer nofollow">Learn more</a>)</li></ul><h3 id="investment-talk">Investment Talk</h3><ul><li>Tornado Cash announced that it was using oracle contracts from Chainalysis to block wallet addresses sanctioned by the US Office of Foreign Assets Control. Tornado Cash had been utilized in several high-profile hacks. (<a href="https://cointelegraph.com/news/tornado-cash-says-it-s-using-chainalysis-oracles-to-block-access-from-opac-sanctioned-addresses" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>After receiving a $1.1 billion donation last month, the Luna Foundation Guard has received another 10 million LUNA tokens from Terraform Labs. (<a href="https://cointelegraph.com/news/terraform-labs-gifts-another-880m-to-luna-foundation-guard" rel="noopener noreferrer nofollow">Learn more</a>)</li></ul><h3 id="projects">Projects</h3><ul><li>A pattern dubbed head and shoulders (H&amp;S) has appeared on the DOGE price chart, suggesting a potential 30% drop - despite Musk’s Twitter bid. (<a href="https://cointelegraph.com/news/doge-price-analysis-hints-at-30-drop-despite-elon-musk-s-twitter-bid" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>A lawsuit alleges that DeFi project OlympusDAO cheated an early funder of nearly $4 million in OHM tokens. It names a Connecticut resident as the identity behind ‘Apollo’, one of the project’s pseudonymous founders. (<a href="https://www.coindesk.com/business/2022/04/14/olympusdao-co-founder-doxxed-lawsuit-claims-to-unmask-apollo/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Stablecoin protocol Beanstalk has suffered an exploit worth about $182 million. $80 million was funneled through Tornado Cash, a crypto mixer protocol allowing private transactions. (<a href="https://www.theblockcrypto.com/linked/142272/ethereum-based-stablecoin-protocol-beanstalk-loses-more-than-80-million-to-exploit" rel="noopener noreferrer nofollow">Learn more</a>)</li></ul><h3 id="web3-0">Web3.0</h3><ul><li>The NBA has launched an NFT-centric Twitter feed and Discord server. It is releasing Ethereum NFTs as part of the Discord launch. (<a href="https://decrypt.co/97990/nba-ethereum-nfts-playoffs-discord-server" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Movie theatre chain AMC Theatres’s mobile app now supports payments in DOGE, SHIB and other crypto for users to buy tickets, concessions, gift cards and more. (<a href="https://decrypt.co/97975/amc-adds-dogecoin-shiba-inu-payments-mobile-app" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>The highly-anticipated Moonbirds NFT project opened for minting yesterday and is set to generate $66 million in sales. Moonbirds will serve as “utility NFTs” for creator PROOF’s NFT ecosystem. (<a href="https://cryptobriefing.com/moonbirds-set-to-bring-in-66m-as-nft-drop-mints-out/" rel="noopener noreferrer nofollow">Learn more</a>)</li></ul><h2 id="header-2">What’s New at ApolloX</h2><ul><li><strong>1st Batch APX Burn - </strong>2,800,000,000<strong> </strong>tokens worth more than $228 million have been burned! (<a href="https://apollox.link/burn-txn" rel="noopener noreferrer nofollow">View transaction</a>)</li><li><strong>2nd Batch APX Burn - </strong>2,955,000,000 APX tokens worth more than $236 million have been burned! (<a href="https://apollox.link/burn-txn-2" rel="noopener noreferrer nofollow">View transaction</a>)</li><li><strong>New ApolloX Perpetual Contracts - </strong>Trade 6 new perpetual contracts including LINKUSDT, IOSTUSDT and MTLUSDT with up to 50x leverage. (Trade now)</li><li><strong>NFT Lottery Game Round 3</strong> - Round 3 has ended with a total prize pool of 313,000 APX. Stay tuned for Round 4! (<a href="https://www.apollox.finance/en/lottery" rel="noopener noreferrer nofollow">Visit page</a>)</li></ul><h2 id="header-3">Trading &amp; Contests</h2><ul><li><strong>12th Epoch Trading Rewards Program - </strong>The rules of the 12th Epoch are consistent with the rules of the 11th Epoch. APX rewards will be distributed at the end of the epoch. (<a href="https://apollox.zendesk.com/hc/en-us/articles/5770547033241" rel="noopener noreferrer nofollow">Trade now</a>)</li><li><strong>Double Your Deposit April</strong> - Deposit a minimum amount of $100 to enjoy rewards of up to $500! (<a href="https://t.co/kbiVRWmGqT" rel="noopener noreferrer nofollow">Deposit now</a>)</li><li><strong>$250 APX/USDT Giveaway</strong> - Get daily crypto news straight into your inbox and win when you participate in our giveaway. (Subscribe now)</li><li><strong>BabySwap x ApolloX Trading Campaign - </strong>Trade perpetuals on BabySwap and win $30,000 worth of BABY. (<a href="https://twitter.com/babyswap_bsc/status/1513842604441407488" rel="noopener noreferrer nofollow">Trade now</a>)</li><li><strong>Stake APX, Get Discounted Trading Fees - </strong>Enjoy varying tiers of trading fee discounts when you stake APX. (<a href="https://apollox.zendesk.com/hc/en-us/articles/5632712416025" rel="noopener noreferrer nofollow">Stake now</a>)</li></ul><p><strong>Risk Reminder</strong>: 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.</p><p>The ApolloX app is available on Apple Store or Google Play <a href="https://apollox.onelink.me/rf4R/MAblogdl2022" rel="noopener noreferrer nofollow">here</a>.</p><p>Stay up to date with ApolloX!</p><p><a href="https://t.me/apollox_com" rel="noopener noreferrer nofollow">Telegram</a> |<a href="https://twitter.com/ApolloX_com" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://www.facebook.com/ApolloXcom" rel="noopener noreferrer nofollow"> Facebook</a> |<a href="https://www.instagram.com/apollox_com/" rel="noopener noreferrer nofollow"> Instagram</a> | <a href="https://apollox.link/blog-discord" rel="noopener noreferrer nofollow">Discord</a> |<a href="https://www.reddit.com/r/ApolloX_com/" rel="noopener noreferrer nofollow"> </a><a href="https://apollox.link/blog-APXNewsStation" rel="noopener noreferrer nofollow">ApolloX News Station</a></p>

Weekly Report (11-17 Apr 2022): Market open interest continues downward trend

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