Good day, ApolloXplorer!Catch today’s key headlines and stay up to date with the latest!<h2 id="header-0">#1. Bitcoin rises to $32K</h2>Bitcoin bounced to $32k following nine consecutive weeks of losses.Meanwhile, most altcoins underperformed bitcoin on Tuesday, which suggests traders are still not comfortable with taking on additional risk.However, some altcoins like ADA and AXS still rallied on Tuesday, rising as much as 15%.Source: <a href="https://www.coindesk.com/markets/2022/05/31/market-wrap-bitcoin-rises-to-32k-outperforming-altcoins/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-1">#2. Optimism (OP) plummets 65% after hyped airdrop</h2>OP, native token of layer-2 Ethereum scaling solution Optimism, shed 65.6% from its listing price of $4.57 shortly after its highly-anticipated airdrop.In April 2022, Optimism announced an airdrop of 5% of the total supply of OP tokens or nearly 215 million tokens.OP currently trades at $1.57. Currently, little under half of the available airdropped tokens have been claimed.Source: <a href="https://decrypt.co/101768/optimism-token-plummets-hyped-airdrop" rel="noopener noreferrer nofollow">Decrypt</a><h2 id="header-2">#3. Morgan Stanley says crypto VC investment will slow</h2>Crypto companies raised a record $30 billion of venture capital last year.The number of deals in the sector remains elevated despite the recent fall in crypto markets, Morgan Stanley said.However, deal activity is likely to drop, mirroring trends in other VC categories.Source: <a href="https://www.coindesk.com/business/2022/05/31/morgan-stanley-says-record-crypto-venture-capital-investment-to-slow/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-3">#4. KAVA jumps by nearly 28.5%</h2>Layer 1 blockchain KAVA has jumped by nearly 28.5% over the past 36 hours.The sudden upswing came after the Kava Network announced that it would be welcoming Sushi to its ecosystem.It is also launching a $750 million incentives program to enable Sushi developers to build new applications on the network.Source: <a href="https://cryptobriefing.com/kava-attempts-to-breakout-following-sushi-partnership/" rel="noopener noreferrer nofollow">Crypto Briefing</a><h2 id="header-4">#5. NFT influencer Gary Vaynerchuk is launching an NFT consulting arm</h2>Entrepreneur and NFT influencer Gary Vaynerchuk has filed a trademark for ‘Vayner3’, his own NFT consulting arm.NFT consulting firms are often criticized for worsening the money-hungry facets of the space, but Vaynerchuk has so far avoided controversy since he pivoted to NFTs.The firm could add to Vaynerchuk’s already influential presence in the NFT space.Source: <a href="https://www.coindesk.com/business/2022/05/31/gary-vaynerchuk-files-trademark-for-vayner3-nft-consulting-arm/" 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: OP falls 65% after airdrop, KAVA will integrate Sushi ecosystem

Table of Contents

APX

Other articles published on Jun 1, 2022

SURVIVAL MODE - IT'S REWARD TIME

HAPPY INTERNATIONAL CHILDREN'S DAY

OMAX will be Listed On Indoex Exchange.

Step-by-Step to Claim Bikearn NFT

Earthling IDO Defies Bear Market And Sold Out On The RichQUACK Launchpad In Four Hours

ANNOUNCEMENT: ADJUST SURVIVAL REWARD TIME

Join our free newsletter for daily crypto updates!