FameEX Morning Crypto News Recap | May 18, 2023

Axie Infinity Origins Overcomes Apple's App Store Barrier, Granting Access to iOS Users
Axie Infinity Origins, a blockchain-based play-to-earn (P2E) game, has passed Apple's strict App Store review process and is now accessible to iOS users. Sky Mavis, the developer of Axie Infinity, has implemented a phased release strategy, with specific launch plans targeting various countries in Latin America and Asia.

Russia's Tax Authority Set to Assume Key Role as Main Crypto Regulator
Russia's tax administration will be responsible for regulating the cryptocurrency industry in the country, as revealed by a senior government official. Under the proposed regulatory framework, the tax authority will serve as the primary oversight body and the entry point for market participants.

146 Prominent Executives Implore Biden to Avert US Default, Citing 'Disastrous Consequences'
146 top executives, representing major US companies like Morgan Stanley, Goldman Sachs, Nasdaq, and Pfizer, have issued a joint appeal to President Joe Biden and congressional leaders. They urgently call for prompt action to avert a potential US debt default by June 1, emphasizing the severe ramifications that could result from such an event.

DRC20 Tokens Make Waves in Dogecoin Community, Fueling Unprecedented Daily
The Dogecoin community is buzzing with excitement as the introduction of the DRC20 token standard has invigorated the market. This surge in interest has resulted in a significant uptick in daily transactions on the Dogecoin blockchain, with over 820,000 confirmed transactions recorded on Wednesday, May 17, 2023. The BRC20 token economy also maintains a market capitalization of approximately $500 million.

Ripple Acquires Swiss Blockchain Custody Firm Metaco in $250M Deal
Ripple has acquired Metaco, a Swiss digital asset custodian and tokenization provider, for $250 million. This acquisition enables Ripple to enhance its enterprise services by offering custody, issuance, and settlement of tokenized assets. The move strengthens Ripple's position in the blockchain industry and expands its capabilities in the tokenization space.

Tether Plans to Purchase Bitcoin Using Monthly Net Profits
Tether has announced its intention to allocate a portion of its profits into Bitcoin (BTC) every month. As part of its strategy, the company plans to use up to 15% of its net realized operating profits for purchasing Bitcoin on a regular basis.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.