Good day, ApolloXplorer!Have you caught today’s key headlines yet? Stay up to date with the latest!<h2 id="header-0">#1. Robinhood plans Web3 wallet</h2>Trading firm Robinhood plans to launch a new crypto wallet for DeFi by end 2022.Users would be able to lend, stake, yield farm and even buy NFTs — similar to a MetaMask wallet.Last month, the firm launched a crypto wallet for users to move tokens in and out of their Robinhood brokerage accounts.Source: <a href="https://www.coindesk.com/business/2022/05/17/robinhood-plans-web-3-crypto-wallet-for-defi-traders-nft-buyers/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-1">#2. South Korea considering new licensing system for crypto</h2>A report commissioned by South Korea’s federal government recommends stricter regulations for crypto exchanges and token issuers.New legislature would target insider trading, pump and dump schemes, and wash trading.This comes as Terra (LUNA) founder Do Kwon, who is South Korean, is called before the National Assembly.Source: <a href="https://cointelegraph.com/news/do-kwon-summoned-to-parliamentary-hearing-following-ust-and-luna-crash" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-2">#3. Terraform Lab’s legal team quits</h2>Counsel team members from Terraform Labs’ legal team have resigned in May, according to their LinkedIn profiles.Legal operations now are reportedly being handled by outside counsel.“The past week has been challenging for Terraform Labs, and a small number of team members resigned in recent days. The vast majority of team members remain steadfastly committed to carrying out the project’s mission,&#34; a Terraform Labs spokesperson said.Source: <a href="https://www.theblockcrypto.com/post/147390/terraform-labs-legal-team-resigns-after-ust-collapse" rel="noopener noreferrer nofollow">The Block</a><h2 id="header-3">#4. ApeCoin DAO reportedly in talks With Avalanche, Flow</h2>Yuga Labs&#39; Otherside NFT sale caused huge network clogs on Ethereum last month.Now, ApeCoin DAO is reportedly in talks with the companies behind Avalanche and Flow blockchains to expand beyond Ethereum.BAYC’s Greg Solano—also known as Garga.eth–has denied that Yuga Labs participated in the talks.Source: <a href="https://cryptobriefing.com/apecoin-dao-reportedly-in-talks-with-avalanche-flow/" rel="noopener noreferrer nofollow">Crypto Briefing</a><h2 id="header-4">#5. Shopify offers Crypto.com Pay</h2>Shopify merchants can now enable Crypto.com Pay on their online storefronts for customers to pay in crypto.The system will allow merchants to access tokens like Bitcoin, Ethereum, Cronos, Dogecoin and more.The exchange cut its card program rewards earlier this month. After the news, its exchange token CRO dropped more than 22% the next day.Source: <a href="https://www.pymnts.com/cryptocurrency/2022/shopify-merchants-now-accept-instant-crypto-payments/" rel="noopener noreferrer nofollow">PYMNTS.com</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: ApeCoin DAO talks with Avalanche & Flow, South Korea may see strict regulations after Terra’s collapse

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