Daily News (May 19)

24-Hour Crypto Prices:

BTC – $28,776.84 -4.6% πŸ“‰

ETH – $1,911.73 -7.8% πŸ“‰

BNB – $288.04 -5.0% πŸ“‰

Top Crypto Gainers:

10SET – $2.87 +12.1% πŸ“ˆ

XCN – $0.0969 +4.9% πŸ“ˆ

TITAN – $2.85 +0.3% πŸ“ˆ

Top Crypto Losers:

LUNA – $0.00014130 -23.4% πŸ“‰

WAVES – $5.83  -19.6% πŸ“‰

HNT – $7.38 -18.7% πŸ“‰

Meta has filed 5 trademark applications for a new crypto payments platform. The applications include a planned platform called Meta Pay. The online social networking service will allow β€œfinancial trades and exchange of digital currency, virtual currency, cryptocurrency, digital and blockchain assets, digitized assets, digital tokens, crypto tokens and utility tokens.”

Venture capital firm Andreessen Horowitz (a16z) announced the launch of a new metaverse and gaming fund, Games Fund One. The fund has raised $600 million to β€œplay a pivotal role in defining how we socialize, play, and work over the next century.” The focus of the fund will initially be for gaming studios, player communities, and developing digital economies.  

Last week’s UST stablecoin collapse has produced at least one winner in terms of market capitalization, USD Coin (USDC). The market cap of USDC grew by $3 billion over the last week to more than $52 billion today. In addition, USDC is closing in on the top stablecoin, Tether (USDT). Tether has lost over $7 billion in market cap as it briefly lost its peg to the dollar and is still dealing with questions about its currency reserves.  

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