Hello, ApolloXplorer!Have you seen today’s key headlines yet?<h2 id="header-0">#1. EU&#39;s MiCA passed</h2>European Union (EU) lawmakers have voted 28 to 1 in favor of the Markets in Crypto Assets regulation (MiCA).The European crypto industry has welcomed MiCA, though there are concerns over the restrictions it places on stablecoins and uncertainties about whether the rules will apply to NFTs.Lawmakers also supported a separate law to identify participants to crypto transactions to curb crypto money laundering.Source: <a href="https://www.coindesk.com/policy/2022/10/10/lawmakers-back-eus-mica-crypto-law-in-committee-vote/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-1">#2. Metaverse platforms refute &#39;misinformation&#39;</h2>Metaverse projects Decentraland and The Sandbox have suggested that a “misinformed” metric was used to measure the platforms&#39; Daily Active Users (DAU).Observers suggested Decentraland sees only 30 DAU despite having over $1.2 billion in market cap, referencing DappRadar data.Decentraland suggested that “some websites are tracking only specific smart contract transactions but reporting them as daily active users […] which is inaccurate.” Sandbox’s CEO tweeted that “on chain transactions does not mean Users”.Source: <a href="https://cointelegraph.com/news/metaverse-platforms-refute-misinformation-about-daily-active-users" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-2">#3. TrueFi issues first default notice</h2>Lending protocol TrueFi issued a default notice to Blockwater Technologies for missing a scheduled payment related to its $3.4 million BUSD loan.The default does not impact lenders in its USDC, TrueUSD (TUSD) and USDT stablecoin lending pools, &#34;nor any of TrueFi’s capital market portfolios.&#34;TrueFi stated it had an extensive out-of-court workout with Blockwater last week. It concluded that a court-supervised administrative proceeding would bring better outcomes for stakeholders.Source: <a href="https://cointelegraph.com/news/truefi-issues-first-default-notice-on-3-4m-busd-loan" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-3">#4. Ooki DAO struggles to respond to CFTC</h2>Ooki DAO, the first DAO sued by the U.S. CFTC, may automatically lose its case.A first proposal to fund their own legal defense failed with zero votes. Community members fear that expressing their views could fuel a further legal crackdown.A second vote has received three “yes” responses at time of writing. If the proposal passes, Ooki DAO will use its treasury for legal fees of “any DAO members named in a complaint”.Source: <a href="https://www.coindesk.com/policy/2022/10/11/fear-may-be-keeping-crypto-group-ooki-dao-from-mounting-defense-against-cftc/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-4">#5. Ethereum supply turns deflationary</h2>Since Saturday, ETH supply has dropped by over 4,000 tokens but saw no corresponding price boost.This marks ETH’s first deflationary run—where more ETH is destroyed than created—since its move to PoS in September.A novel token project called XEN Crypto has accounted for 40% of all gas used network-wide in the last 24 hours.Source: <a href="https://decrypt.co/111605/ethereum-supply-turns-deflationary-but-price-still-struggles" rel="noopener noreferrer nofollow">Decrypt</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> | <a href="https://coinmarketcap.com/community/profile/ApolloX" rel="noopener noreferrer nofollow">CMC</a>

Crypto News of the Day: Decentraland, The Sandbox refute ‘misinformation’, Ethereum supply turns deflationary

Table of Contents

APX

Other articles published on Oct 11, 2022

New Partnership Announcement

Polygon launches zkEVM, a one-of-a-kind ETH-compatible ZK scaling solution

Education has no limits.

Aftermath Islands Whitelist Winners

Top 7 Online Tools to Help You Better Run Your Business Remotely

The White House to Regulate Stablecoin, Bitcoin Market and Launch a CBDC

Join our free newsletter for daily crypto updates!