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An under-the-radar altcoin is defying a wobbly crypto market after igniting its own uptrend and printing sizeable gains this week. Akash Network (AKT) is a decentralized open-source cloud network that supports decentralized finance (DeFi) applications and organizations, as well as machine learning, blockchains and artificial intelligence (AI).

https://dailyhodl.com/2023/05/27/under-the-radar-altcoin-escapes-crypto-doldrums-and-surges-by-44-this-week-amid-successful-ai-testing/

On this week's episode of The Crypto Mile, our host Brian McGleenon interviews Belgium's digital minister Mathieu Michel, who discusses the EU's plans to "bring order to crypto" and develop its own official, regulated blockchain. Michel emphasizes the need for trust and regulation in the rapidly evolving crypto ecosystem and asserts that crypto should be viewed not merely as a currency, but as a document of value, a means to exchange value, credentials, property ownership, and a way to protect privacy.

https://www.youtube.com/watch?v=ftSwpV2s8hY

In an exciting development for the cryptocurrency community, Binance, the world's largest crypto exchange, recently hinted at an upcoming collaboration with renowned football star Cristiano Ronaldo. The behind-the-scenes pictures released by Binance suggest the launch of an extensive ad campaign featuring the global icon.

https://www.cryptopolitan.com/binance-with-cristiano-ronaldo-new-ad/

One crypto lending protocol that just launched this month has already established a dominant grip over the non-fungible token (NFT) lending market, according to blockchain intelligence platform DappRadar. On May 1st, Blur (BLUR), an Ethereum (ETH)-based NFT marketplace, rolled out Blend, a peer-to-peer perpetual lending protocol for non-fungible tokens.

https://dailyhodl.com/2023/05/27/new-crypto-protocol-captures-more-than-80-of-the-nft-lending-market-in-just-one-month-dappradar/

The chief inspector of the CSTCB warned that the metaverse is no safer than the traditional internet, saying that "all crimes in the cyberspace could also happen in the metaverse."

https://cointelegraph.com/news/the-hong-kong-police-force-launch-metaverse-platform-cyberdefender

The two main factors for this are believed to be increased scrutiny, blacklisting, and increased attention from law enforcement.

https://cryptopotato.com/value-stolen-in-exploits-down-by-70-since-last-year-more-funds-returned-report/

This week, Florida Governor Ron DeSantis officially announced that he is contesting in the Republican presidential primary. The announcement was made during a Twitter Spaces conversation with the social media platform's owner Elon Musk.

https://www.benzinga.com/markets/cryptocurrency/23/05/32608509/krugman-takes-aim-at-desantis-for-his-anti-cbdc-stance-elon-musk-and-the-crypto-types-all-?SNAPI

US Default or Breach might be ‘the mother of all crises'. Treasury bills need to be settled to smoothen the financial market.

https://thenewscrypto.com/us-default-begins-will-crypto-investment-be-effective-this-time/?SNAPI

Renowned Nigerian crypto exchange, Patricia, has recently grappled with a massive security breach affecting the company's Bitcoin and Naira assets. A situation that has precipitated immediate measures to shield its user base and fortify its security landscape.

https://www.cryptopolitan.com/patricia-battles-security-breach-promisis-recovery/

A recent blog post by DappRadar reported that Blur's new platform, Blend, has made a meteoric rise in the non-fungible token (NFT) lending market. Blend, a peer-to-peer lending protocol launched by Blur on May 1, 2023, has seen an astonishing 3945% growth in its first weeks of operation.

https://www.cryptoglobe.com/latest/2023/05/blends-unprecedented-surge-dominating-82-of-the-nft-lending-market-in-22-days/

Crypto market has shown signs of a slow recovery signaling the end of the crypto winter. Crypto prices have trended higher in 2023. With inflation cooling off, a recession looking more likely with a banking crisis in the west, investors are seeking refuge in cryptos. Dubai, has been at the forefront of the reemergence of the crypto market, and has considerably established it self as the most favored hub for the crypto and blockchain industry.

https://en.cryptonomist.ch/2023/05/27/world-token-summit-global-hub-crypto/

Beijing, China's capital city, reportedly released a white paper this morning aimed at promoting innovation and development of the web3 industry.

https://www.theblock.co/post/232404/beijing-web3-white-paper

Stargate DAO is moving to reduce exposure to a stablecoin on the Fantom blockchain that was created using the Multichain protocol.

https://www.theblock.co/post/232413/stargate-dao-voting-to-reduce-exposure-to-multichain-issued-stablecoin

The FBI noted that these types of scams often target Asia-based victims.

https://cryptopotato.com/fbi-warns-of-crypto-human-trafficking-rings-in-asia/

A widely followed crypto strategist says that one catalyst could trigger an epic collapse in the altcoin markets. Pseudonymous analyst Altcoin Sherpa tells his 195,700 Twitter followers that he's keeping an eye on the Bitcoin (BTC) dominance chart (BTC.D). BTC.D tracks how much of the total crypto market capitalization belongs to the crypto king.

https://dailyhodl.com/2023/05/27/one-catalyst-could-trigger-altcoins-to-plunge-by-up-to-50-predicts-popular-crypto-analyst/