The native cryptocurrency of the Bored Ape Yacht Club (BAYC) ecosystem, ApeCoin, rose over 40% over the past week — up 120% since its debut on March 16 at US$16.30 apiece.

The BAYC is a collection of 10,000 unique Bored Ape non-fungible tokens built on the Ethereum blockchain. Yuga Labs, the team behind BAYC, is building its own metaverse called “Otherside” which will be "powered by ApeCoin". The highly-anticipated project will be launched on April 30, according to a trailer released on March 19.

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ApeCoin 7-day price performance, credit: CoinGecko

Cryptocurrency exchange platform Binance has recovered US$5.8 million worth of stolen funds from Axie Infinity’s exploit. Binance founder and CEO Changpeng “CZ” Zhao said in a tweet that the funds were distributed across over 86 accounts.

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On March 29, Axie Infinity found that its Ethereum-linked sidechain was exploited for 173,000 ETH and US$25.5 million worth of stablecoin USDC. The hack totalled US$625 million, making it the largest decentralised finance hack ever recorded.

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Singapore-based cryptocurrency platform Coinhako recorded a total trading volume of approximately $7 billion in 2021, up 1,200% from the previous year, the company revealed on April 20.

The platform, which received in-principle approval from the Monetary Authority of Singapore for a Digital Payment Token service provider license last year said it saw a 522% y-o-y growth in account openings, doubling its registered users to 380,000 by the end of 2021 compared to 2020.

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