Good day, ApolloXplorer!Have you caught today’s key headlines yet? Stay up to date with the latest!<h2 id="header-0">#1. Crypto.com slashes card rewards to users’ displeasure</h2>Crypto.com said it would reduce rewards of its Visa-enabled cards based on the tiers offered.The announcement sent CRO token prices falling 11% as many criticised the decision.Some analysts explained that the lack of adequate rewards contributed to a lower fundamental value for CRO tokens, which led to the price drop.Source: <a href="https://www.coindesk.com/markets/2022/05/02/cryptocom-slashes-card-rewards-cro-tokens-drop-11-as-community-reacts/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-1">#2. Kraken opens waitlist for NFT platform</h2>Crypto exchange Kraken has announced a waitlist for its NFT platform.The platform will integrate trading of NFTs with users&#39; Kraken accounts and allow traders to execute transactions with cash or crypto.It will support collections on Ethereum and Solana at launch, with more integrations of other blockchains to come.Source: <a href="https://www.theblockcrypto.com/linked/144859/kraken-opens-waitlist-for-forthcoming-nft-platform" rel="noopener noreferrer nofollow">The Block</a><h2 id="header-2">#3. Coinbase is the borrower of Goldman’s first bitcoin-backed loan</h2>Goldman Sachs first ever Bitcoin-backed loan is crypto exchange Coinbase’s attempt to bring money from Wall Street to the digital-asset space.Terms of the lending facility are still undisclosed.“These types of bilateral agreements are rarely done in a vacuum,” according to a report from crypto hedge fund Arca. “It is far more likely that Goldman is seeing a lot of demand for this type of transaction and is just testing the waters before making a bigger splash.”Source: <a href="https://bitcoinmagazine.com/business/goldman-sachs-partners-with-coinbase-for-banks-first-bitcoin-backed-loan" rel="noopener noreferrer nofollow">Bitcoin Magazine</a><h2 id="header-3">#4. VCs catch crypto fever</h2>VC investment in crypto and blockchain projects totalled $10 billion globally in the first quarter of this year.The full-year totals for 2019, 2020 and 2021 were $3.7 billion, $5.5 billion and $28 billion, respectively.According to Mildred Idada, founding partner at blockchain venture fund and accelerator Open Web Collective, blockchain tech firms are often interested in the brand value of backing from established players and increasing integration with the financial system.Source: <a href="https://www.reuters.com/business/finance/cryptoverse-venture-capitalists-catch-crypto-fever-2022-05-03/" rel="noopener noreferrer nofollow">Reuters</a><h2 id="header-4">#5. Bitcoin diverges from US stocks ahead of Fed meeting</h2>Bitcoin has slid towards $38k as crypto traders await a US Federal Reserve decision due Wednesday.The S&amp;P 500 and Nasdaq — which bitcoin is said to have an elevated correlation with — were both in positive territory on Tuesday, but crypto markets were in the red.“Bitcoin will continue to trade as a risky asset until further progress is made with the Lightning network,” said Oanda senior market analyst Edward Moya.Source: <a href="https://www.coindesk.com/markets/2022/05/03/bitcoin-diverges-from-stocks-as-fed-meeting-starts-slips-toward-38k/" rel="noopener noreferrer nofollow">CoinDesk</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: Crypto.com faces users’ displeasure, Kraken opens NFT platform waitlist

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