Alex Harutunian

Solana has been intriguing us with news of its innovative smartphone for 10 months now. On May 8, this Android device, designed to optimise work with Web3 and ensure seamless integration with crypto platforms, became available for pre-order.

Alibaba Cloud has collaborated with Avalanche to introduce Cloudverse, a launchpad that assists businesses in creating their personalised metaverse spaces.

The issuer of the largest stablecoin, Tether continues its path to transparency. In the recent quarterly reserve report, the company showed a breakdown for a previously consolidated reserve category that revealed its investments in gold and bitcoin.

Sports Illustrated, the US sports publication, is launching an NFT ticketing platform on the Polygon network.

The US Court of Appeals ruled that Apple’s 30% tax on in-app purchases of NFTs was illegal, a decision that could have major implications for the crypto industry.

Leading NFT marketplace Blur rolled out a a peer-to-peer NFT lending protocol that allows collectors to buy blue-chip NFTs with a smaller upfront payment. And it has surpassed all of its peers in loan volume over the past week.

The crypto industry has lost over $100 million due to scams and hacks. Apart from that, exploiting the recent popularity of meme-coins, someone single-handedly created 114 scam meme tokens.

Bank of Japan is advancing with its CBDC project. The central bank reported on the Phase 2 and moved to the pilot experiments.