Good day, ApolloXplorer!Have you caught today’s key headlines yet? Stay up to date with the latest!<h2 id="header-0">#1. Flow launches $725M Ecosystem Fund</h2>Dapper Labs has launched a $725 million fund to support its ecosystem.It is the company behind NFT and gaming-focused blockchain Flow. The fund’s investors include venture capital heavyweights like Andreessen Horowitz and Digital Currency Group.The fund will be used for token grants, incubator programs, and other resources.Source: <a href="https://cryptobriefing.com/nft-blockchain-flow-launches-725m-ecosystem-fund/" rel="noopener noreferrer nofollow">Crypto Briefing</a><h2 id="header-1">#2. LFG looks to raise over $1 billion for UST</h2>The Luna Foundation Guard has been reaching out to large crypto investors, hoping to raise over $1 billion for UST, which has de-pegged from the dollar.The algorithmic stablecoin had dropped as low as $0.61 on Monday.LFG has reportedly offered investors the opportunity to purchase LUNA tokens at a 50% discount, although those tokens would be subject to a two-year vesting schedule.Source: <a href="https://www.theblockcrypto.com/post/145978/luna-foundation-guard-seeks-more-than-1-billion-to-shore-up-ust-stablecoin-sources" rel="noopener noreferrer nofollow">The Block</a><h2 id="header-2">#3. Michael Saylor says MicroStrategy will never sell its bitcoin</h2>CEO of MicroStrategy Michael Saylor says the company could post ‘other collateral’ if bitcoin crashes.While bitcoin price has been fluctuating near $30,700 — roughly Microstrategy’s average cost per Bitcoin — Saylor has shown no interest in selling.The company holds 129,218 Bitcoin (nearly $4.1 billion worth) as of its latest quarterly earnings report.Source: <a href="https://decrypt.co/99970/michael-saylor-microstrategy-could-post-other-collateral-bitcoin-crashes" rel="noopener noreferrer nofollow">Decrypt</a><h2 id="header-3">#4. Another company adds bitcoin to balance sheet</h2>Townsquare Media, a New York based digital marketing and radio station company, has added $5 million worth of bitcoin to its balance sheet.A filing with the SEC disclosing Townsquare’s purchase of Bitcoin was first picked up by Macroscope, a Twitter account focusing on institutional trading.Whilst the purchase is small compared to MicroStrategy’s, Townsquare Media is around the middle of the list in terms of crypto held by publicly traded companies.Source: <a href="https://cointelegraph.com/news/new-york-digital-media-company-the-latest-to-add-bitcoin-to-balance-sheet" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-4">#5. Azuki NFT founder admits to abandoning past projects</h2>The pseudonymous founder of popular NFT project Azuki, Zagabond, revealed his history with abandoned NFT projects.The announcement was met with backlash from the broader NFT community.The price of an Azuki on OpenSea dropped from 19 ether (around $42,000) to as low as 10.9 ETH (around $24,000). It has since rebounded slightly.Source: <a href="https://www.coindesk.com/business/2022/05/10/azuki-nft-founder-admits-to-abandoning-past-projects/" 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: Terra desperate to raise $1b for UST, Azuki NFT founder causes floor price to drop

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