Western Union Takes a Step Towards Including Crypto and Digital Assets in its Offering – Aspen Market Daily

Daily Market Wrap

• Crypto market cap: 978.54 Billion, up 4.91%
• BTC price stands at USD 20,234, up 4.60%
• ETH price stands at USD 1,483, up 10.18%
• Top gainer: Toncoin (TON), up 21.39%
• Top loser: Aptos (APT), down 5.15%?

News of the Day?

Western Union Trademark Filings Signal Crypto, Web3 Exploration

Why it matters:

• Multinational financial service company has filed trademarks applications with the US Patent and Trademark Office for digital currency exchange operations, electronic commodities and tokens issuance
• Despite the lack of governance, compliance and volatility of cryptocurrencies, President Almedia appears to be more forthcoming to crypto assets adoption as compared to his views from four years ago
• As one of the largest players in the global remittance industry, Almedia believes that Western Union is “already better equipped to solve for such variables because it already moves money across 130 currencies and devotes substantial resources to all of those three challenges”

Crypto Daily Spotlight

Crypto Game Axie's AXS Tokens Get Unlocked, Recipients Send $5.7M Worth to Exchanges

Brief introduction: Axie Infinity is a play-to-earn game connected to Ronin, an Ethereum-linked sidechain. Players of the game can enter their Axies, which are unique characters in the form of NFTs, into battle. Additionally, Axies can be bred, traded and sold. Users earn the SLP token as a reward after winning a game, which can be used to breed Axies. The SLP token does not have a limited supply. On the other hand, the governance token of the game, AXS, has a limited supply of 270 million tokens and players that trade their SLP token for AXS are entitled to governance rights.?

Why it matters:?

• As part of the $200 million unlocking event, Axie Infinity started releasing their AXS tokens to early investors including digital asset management firm Arca?
• Etherscan and Nansen picked up that Arca has deposited their 437,500 tokens to FTX while another early investor moved their 187,500 tokens to Binance, which might be an indication that a dump is in the coming
• In AXS past unlocks, it dropped by 24% in a week as a result of dumps and therefore traders would position themselves by building up shorts

Daily Sector Tracker

Daily News Roundup

1. Chinese Spies Used Wasabi Wallet to Try to Conceal Bitcoin Bribes, Elliptic Says
2. Crypto’s ‘Revolving Door’ Hires Are Raising Eyebrows Among US Lawmakers
3. Reddit Makes PFP NFTs Cool Again, Marketplace Trading Volume Surges
4. Argentina's tax authority finds another undeclared crypto mining farm
5. Pancakeswap approves DEX launch on Aptos via governance vote

About Aspen Digital?

Aspen Digital is a leading technology and financial services company with a mission to accelerate the mass adoption of digital assets. The company provides a digital asset management solution for asset managers, institutions, and sophisticated investors. Aspen Digital was co-founded by digital assets innovators and asset management veterans at Everest Ventures Group (“EVG”) and TT Bond Partners (“TTB”) in 2021.

For more information, visit https://www.aspendigital.co/?

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