Good day, ApolloXplorer!Have you caught today’s key headlines yet? Stay up to date with the latest!<h2 id="header-0">#1. Tron to Create Algorithmic Stablecoin</h2>Tron’s founder Justin Sun announced that Tron DAO will begin issuing the USDD stablecoin starting May 5.In a separate announcement, Tron DAO said it &#34;will raise $10 billion in reserves from prominent blockchain industry players&#34; over the next six to 12 months.The goal is to provide liquidity in case of emergency to stablecoins issued on Tron—including both USDD and Tether—thereby keeping their value stable even during cases of financial crisis.Source: <a href="https://decrypt.co/98401/tron-create-algorithmic-stablecoin-more-like-terra" rel="noopener noreferrer nofollow">Decrypt</a><h2 id="header-1">#2. Crypto investors profited $163 billion in 2021</h2>A report by blockchain analytics firm Chainalysis said that crypto investors earned about $162.7 billion in realized gains in 2021.US investors took around 29% of this amount. Investors in the UK, Germany, Japan and then China followed.93% was made in bitcoin and ether, according to the report. It noted that there were more gains in ether than bitcoin, but only by a few billion dollars.Source: <a href="https://www.theblockcrypto.com/post/142795/crypto-investors-made-163-billion-in-gains-in-2021-chainalysis" rel="noopener noreferrer nofollow">The Block</a><h2 id="header-2">#3. Bitcoin momentum strengthens despite short-term pause</h2>Bitcoin generated a positive momentum signal on the daily price chart. This is similar to what happened in late March, which saw a 16% price rise.Buyers could remain active toward the $46,700 resistance level.The relative strength index (RSI) on the daily chart is rising from oversold levels with stronger momentum, indicating a rise in bullish sentiment.Source: <a href="https://www.coindesk.com/markets/2022/04/21/bitcoin-momentum-strengthens-despite-short-term-pause/" rel="noopener noreferrer nofollow">CoinDesk </a><h2 id="header-3">#4. Bank of England’s raises budget for ‘emerging risks’ like crypto</h2>The Bank of England’s regulatory arm, the Prudential Regulation Authority (PRA), has raised its budget by $31.6 million (£24.3 million) for the coming financial year.It cites that costs have increased due to its growing responsibilities and preparations for “emerging risks” including crypto.“The PRA will also ask firms to report their cryptoasset exposures, treatments and future investment plans, and will… establish a common, international framework for the treatment of cryptoasset exposures.”Source: <a href="https://cointelegraph.com/news/bank-of-england-s-pra-raises-budget-31m-for-emerging-risks-like-crypto" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-4">#5. a16z Crypto to launch academic research lab for Web3</h2>Venture capital giant a16z will launch a16z Crypto Research dedicated to tackling research problems facing the digital asset industry.The new lab will aim to pinpoint and address fundamental research problems facing the pursuit of mainstream crypto adoption.In some instances, the group may develop new tools that can help a16z portfolio companies grow their business.Source: <a href="https://www.theblockcrypto.com/post/142869/a16z-crypto-is-launching-an-academic-research-lab-focused-on-web3" rel="noopener noreferrer nofollow">The Block</a>--The ApolloX app is available on Apple Store or Google Play <a href="https://apollox.onelink.me/rf4R/newscryptowndl" rel="noopener noreferrer nofollow">here</a>.Stay up to date with ApolloX!<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://apollox.link/blog-APXNewsStation" rel="noopener noreferrer nofollow">ApolloX News Station</a>

Crypto News of the Day: Tron creates USDD algorithmic stablecoin, Crypto investors profited $163 billion in 2021

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