Coinbase, Animoca Brands, Fabric Ventures, and Founders Factory have announced an accelerator initiative in the UK, focused on Web3 projects. Alongside the cash reward, the initiative also offers 16 weeks of industry experience from Founders Factory, a startup accelerator firm based in London, UK.

Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.

Mastercard has announced it will launch a  a payment ecosystem allowing buyers and merchants to facilitate stablecoins transactions. In an official announcement released on April 28, Mastercard claimed that this system would be effective globally, covering over 150 million merchant locations.

Bitget and Avalanche have joined forces to contribute to India’s web3 infrastructure. As part of the partnership, the companies plan on initiating awareness campaigns and educational workshops on crypto safety and blockchain exploration throughout the year as part of the “HODL ON” tours.  

In its “Asia Crypto Security” report, Binance highlighted some crucial patterns observed in the Asian crypto market. Its report has highlighted that the demand for advanced security measures is intensifying in Asia’s crypto markets – where investors are cautious and frequent in their engagements with volatile crypto assets.  

US SEC Chair, Paul Atkins has said that the crypto sector deserves clear regulatory rules. He spoked at the SEC’s crypto roundtable, which the Republican leadership launched to weigh how securities laws may apply to digital assets.

The overall crypto market cap rose by 0.21 percent in the last 24 hours. While BTC logged minor gains, ETH settled with small losses. The movement of the altcoins indicate at prevailing volatility, however, analysts say the market sentiment is bullish.

The Financial Intelligence Unit of India (FIU-IND) has instructed all crypto exchanges to re-verify the KYC data of their users before June 30. The aim of this step is to maintain accurate details of crypto holders, while also identifying those flouting national crypto tax laws.

US banking regulators have pulled back directives urging banks to show caution when dabbling in cryptocurrency. Under the prior guidance, regulators warned banks to be wary of volatility, legal uncertainty and liquidity risks when considering whether to provide crypto-related services or take on crypto companies as clients.

The overall crypto market valuation rose by 0.92 percent over the last day. While Bitcoin saw profits on Friday, Apri 25, Ether was struck with losses amid volatile market. Ripple, Dogecoin, and Tron logged price dips. Whereas Cardano, Leo, and Solana registered small gains.