Good day, ApolloXplorer!Catch today’s key headlines and stay up to date with the latest!<h2 id="header-0">#1. Tether launches Peso stablecoin</h2>Tether has launched a new stablecoin pegged to the Mexican Peso, MXNT.MXNT is Tether&#39;s the fourth fiat-pegged stablecoin, currently supported on Ethereum, Tron, and Polygon.40% of Mexican companies are looking to adopt blockchain technology in some form, while over 3.1 million Mexicans currently own crypto.Source: <a href="https://cryptobriefing.com/tether-eyes-mexican-market-with-peso-stablecoin/" rel="noopener noreferrer nofollow">Crypto Briefing</a><h2 id="header-1">#2. STEPN bars gameplay in China</h2>Stepn will stop providing GPS services to users whose IP address or GPS location shows them in China on July 15.Without GPS services, players will not be able to earn tokens for their steps.After the announcement, the price of GMT fell 38%, according to CoinGecko.Source: <a href="https://www.coindesk.com/business/2022/05/26/stepn-to-bar-move-to-earn-for-china-based-users-in-july/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-2">#3. Former Binance executives launch $100M venture fund</h2>Multi-strategy blockchain investment fund Old Fashion Research (OFR) is launching a $100 million venture fund.The fund will focus on the metaverse and bringing greater crypto adoption to emerging markets.OFR was founded by Ling Zhang, the former vice president of mergers and acquisitions, and investments at Binance; and Wayne Fu, former Binace head of corporate development. It invested in over 50 blockchain projects in its first year.Source: <a href="https://www.coindesk.com/business/2022/05/26/former-binance-execs-create-100m-fund-to-spur-crypto-adoption-in-emerging-markets-report/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-3">#4. Polygon wants Terra projects to move to its blockchain</h2>Polygon is launching a “multi-million” Terra Developer Fund to help Terra projects move onto Polygon.Polygon Studios CEO Ryan Wyatt said Terra NFT marketplace OnePlanet would be the first project to make the migration.Wyatt said the Polygon team is currently reviewing grant applications from interested Terra projects.Source: <a href="https://decrypt.co/101481/terra-dies-forks-protocols-projects-move-polygon" rel="noopener noreferrer nofollow">The Block</a><h2 id="header-4">#5. JPMorgan says bitcoin has ‘significant upside’</h2>JPMorgan Chase said bitcoin’s recent slide has given the crypto “significant upside” now.The bank said bitcoin was undervalued by 28% and put its price target for the coin at $38,000.JPMorgan’s positive outlook is notable because CEO Jamie Dimon is a longtime crypto skeptic.Source: <a href="https://www.cnbc.com/2022/05/26/jamie-dimons-jpmorgan-says-bitcoin-has-significant-upside-now.html" rel="noopener noreferrer nofollow">CNBC</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: Tether launches Peso stablecoin MXNT, StepN will stop GPS services in China

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