ApolloX

Hello, ApolloXplorer!Have you seen today’s key headlines yet?<h2 id="header-0">#1. Circle terminates plan to go public</h2>USDC stablecoin issuer has terminated a proposed merger with Concord Acquisition, a special purpose acquisition company (SPAC).The deal was announced in July 2021 with a preliminary valuation of $4.5 billion.Concord had until December 10 to consummate the transaction or seek a shareholder vote for an extension. However, Concord chose to have the time limit lapse instead.Source: <a href="https://cointelegraph.com/news/usdc-issuer-circle-terminates-spac-merger-with-concord" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-1">#2. Aave’s Lens Protocol acquires NFT mobile game Sonar</h2>Social media protocol Lens Protocol, started by DeFi lender Aave, has acquired Sonar.Sonar is a mobile app whose users pilot NFT-linked avatars — cutesy emojis called “mojis” — through digital worlds.Lens’ decentralized profile system will integrate with Sonar’s avatars to create a singular identity within its metaverse. Players will also be able to log into Sonar using Lens.Source: <a href="https://www.coindesk.com/business/2022/12/05/aaves-social-media-protocol-lens-acquires-nft-mobile-game-sonar/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-2">#3. Nexo to quit the U.S.</h2>Crypto lender Nexo will gradually phase out U.S. products and services.It said that it had been talking with regulators for 18 months but the U.S. “refuses to provide a path for enabling blockchain businesses.”The company said it would discontinue its Earn Interest Product in eight U.S. states from Nov. 7 and will not allow new U.S. signups to Earn.Source: <a href="https://decrypt.co/116476/nexo-crypto-lending-dead-end-us-regulators" rel="noopener noreferrer nofollow">Decrypt</a><h2 id="header-3">#4. CBDC will be &#39;only legal digital tender&#39; in Indonesia</h2>Bank of Indonesia Governor Perry Warjiyo announced the bank’s plans to launch a CBDC.Warjiyo said the bank intends for the digital rupiah to be “integrated, interconnected, and interoperable” with other countries’ CBDCs.The CBDC initiative, called Project Garuda, will start with exploring “use cases of issuance, redemption, and interbank fund transfer” followed by “monetary operations and financial market development.”The third phase will deal with end-to-end transactions between wholesale and retail digital rupiah users.Source: <a href="https://cointelegraph.com/news/central-bank-plans-to-make-cbdc-only-legal-digital-tender-in-indonesia-says-gov" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-4">#5. GameStop lays off staff including crypto wallet engineers</h2>Video game retailer GameStop has laid off additional employees including from its crypto wallet team.The layoff came ahead of its upcoming earnings report. Its crypto wallet team was particularly hard hit, according to Axios.GameStop had announced the launch of its own browser-based Ethereum wallet in May this year.Source: <a href="https://decrypt.co/116497/gamestop-more-layoffs-crypto-wallet" 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: Circle terminates plan to go public, Nexo to quit the U.S.

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