Hello, ApolloXplorer!Have you seen today’s key headlines yet?<h2 id="header-0">#1. Waves founder announces new stablecoin</h2>Founder and CEO of Waves blockchain Sasha Ivanov plans to launch a new stablecoin amid the ongoing crisis of the current Waves-backed stablecoin USDN.Ivanov promised that the stablecoin will be “undepeggable.” He also announced a USDN situation resolution plan.Ivanov said the new stablecoin will be a &#34;hybrid between an algorithmic stablecoin&#34; and will be based on the DAO model, implemented using an approach only found on Waves.Source: <a href="https://cointelegraph.com/news/waves-founder-announces-new-stablecoin-as-usdn-depegs" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-1">#2. Celsius attracts 30 potential bidders</h2>Bankrupt crypto lender Celsius Network has attracted 30 potential bidders for its assets.Celsius said that it has received multiple bids proposing a variety of potential transactions and business structures to acquire its assets.Latest court filings note that as of November 25, the company held crypto valued at approximately $2.6 billion. However, even after adding its non-crypto assets, Celsius is still $1.2 billion short of being able to pay off all debts.The auction is now set for January 10, after being pushed back from the original date of December 15.Source: <a href="https://cointelegraph.com/news/celsius-amasses-30-potential-bidders-for-its-assets-withdrawal-motion-approved" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-2">#3. Gemini Creditor Committee presents plan to Genesis</h2>A creditor committee including Gemini has presented a plan to Genesis and Digital Currency Group in an attempt to recover assets.Gemini partners with Genesis for its Gemini Earn product. Withdrawals were suspended in mid-November.Earlier reports pegged the value of the total amount owed to Gemini at $900 million.Source: <a href="https://www.coindesk.com/business/2022/12/21/gemini-creditor-committee-presents-plan-to-resolve-liquidity-issues/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-3">#4. South Korea freezes funds alleged involved in Terra’s crash</h2>The South Korean court has reportedly frozen 120 billion won (over $93 million) in assets belonging to executives of blockchain consultancy firm Kernel Labs.Kernel Labs is speculated to be involved in Terra’s collapse earlier this year. Its CEO served as Vice President of Engineering at Terraform Labs.The court claimed that the executives were involved in selling pre-issued Terra tokens to generate significant profits.Source: <a href="https://cryptopotato.com/south-korea-freezes-93m-allegedly-belonging-to-company-involved-in-terras-crash-report/%5C" rel="noopener noreferrer nofollow">CryptoPotato</a><h2 id="header-4">#5. Central African Republic delays crypto coin listing</h2>The Central African Republic (CAR) will not list its sango crypto coin until next year. Investors were promised that they would get back 5% of their stake at the moment of listing.Reasons cited were “current market conditions” and seasonal factors such as the holiday season.There was no comment on whether the delay had been caused by central bankers or legal obstacles.Source: <a href="https://www.coindesk.com/policy/2022/12/20/central-african-republic-delays-crypto-coin-listing-to-2023/" 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> | <a href="https://coinmarketcap.com/community/profile/ApolloX" rel="noopener noreferrer nofollow">CMC</a>

Crypto News of the Day: Waves founder announces another stablecoin, Gemini and other creditors presents plan to Genesis

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