ChainCatcher news, SoftBank and Apollo are discussing the establishment of a large fund to invest in data centers, chip factories, and other artificial intelligence projects. According to informed sources, both parties have discussed setting up a fund exceeding $20 billion, but negotiations have cooled since this summer and may not yield results. The informed sources stated that the joint venture fund could involve industry partners including Arm. One informed source mentioned that SoftBank has also been negotiating with other sources of financing, but the discussions with Apollo are the most in-depth.

ChainCatcher news, according to Cointelegraph, in response to today's decline in the crypto market, Henrik Anderrson, Chief Investment Officer of asset management company Apollo Crypto, stated that he cannot determine the main reason for the market drop—however, he believes that the recent decrease in interest for Bitcoin spot ETFs may be one of the factors.Anderrson stated, "From what I can see, there is no obvious catalyst, but it seems that the negative flow of BTC ETFs has led to weakness in altcoins, triggering liquidations of leveraged long traders in Bitcoin, Ethereum, and Dogecoin."

ChainCatcher news, MATR1X is about to launch the Apollo Project. The Apollo Project is a series of events including the first treasure chest opening event, MAX airdrop event, top skin collection, and more, with the most important being the treasure chest opening event.In the Apollo Project, the first batch of top commemorative weapon NFTs in the MATR1X ecosystem will be produced through treasure chest openings, and 50 million MAX will be generated from the Apollo Project, making it the best way to acquire MAX early. There are two types of treasure chests in the event: KUKU commemorative treasure chest and Pioneer commemorative treasure chest.Each time a Pioneer commemorative treasure chest is opened, it consumes 1 FIRE, and you will receive 1 MAX and a Pioneer commemorative weapon NFT. The Pioneer chest has a 10% chance to drop a commemorative skin, which comes with 4 stickers. Different combinations of stickers will reward additional amounts of MAX. Each time a KUKU commemorative treasure chest is opened, it consumes 40 FIRE + 2 USDT, and you will receive a KUKU commemorative weapon NFT and MAX. The amount of MAX received depends on the quality of the weapon NFT obtained, with a minimum of 40 MAX. Additionally, collecting the weapon NFTs obtained from KUKU chests can earn Asset Score points, and MATR1X will periodically airdrop MAX based on the Asset Score.

ChainCatcher news, according to the official documentation of Zeus Network, the new landing page (UI/UX) for the first permissionless cross-chain liquid staking protocol APOLLO built on Zeus Network will be launched on April 20. The highlight of this update is the introduction of a rewards calculator.It is reported that since its establishment in late March 2024, APOLLO has successfully interacted with over 77,000 independent users.

ChainCatcher news, JPMorgan and Apollo executives revealed that they reached a tokenized enterprise mainnet plan during their collaboration on the Monetary Authority of Singapore's Project Guardian pilot project.This enterprise mainnet will enable JPMorgan to create intraday repurchase agreements, providing scalability to integrate applications into the existing network of KYC-compliant institutional banks, broker-dealers, and asset management firms.

ChainCatcher news, the cross-chain infrastructure protocol Axelar (AXL) recently collaborated with JPMorgan's digital asset platform Onyx and alternative asset management firm Apollo to implement a proof of concept (POC) project, demonstrating how to use smart contracts to manage large-scale client portfolios. In this proof of concept, blockchain technology was utilized to execute transactions and automate the portfolio management of tokenized financial assets (i.e., real-world assets, RWA).Axelar (AXL)'s cross-chain infrastructure protocol connects value and communication to over 50 blockchains through a secure and programmable network, and has now integrated off-chain systems with on-chain networks through a hybrid system. JPMorgan's Onyx leverages Axelar (AXL)'s cross-chain technology to achieve interoperability with the Provenance blockchain, which currently locks in $9 billion in real-world financial asset value on-chain.Axelar (AXL) CEO Sergey Gorbunov stated that with Axelar, JPMorgan's Onyx is able to bring composability and programmability into portfolio management, showcasing the powerful potential of blockchain interoperability by managing 100 portfolios through automated modularization. Since the mainnet launch in 2022, Axelar has transferred over $6 billion in value through its cross-chain protocol and a network of 53 chains.

ChainCatcher news, Christine Moy, a partner at alternative asset management firm Apollo, stated on social media that Apollo has partnered with JPMorgan's digital asset platform Onyx to simplify alternative asset investments using tokenization and smart contracts.Christine Moy mentioned that through this collaboration, over 3,000 operational steps for wealth management institutions can be reduced to one automated process, faster programmatic settlements can lower portfolio costs by approximately 20%, and it can bring a $400 billion annual revenue opportunity to the AWM industry.

ChainCatcher news, according to prnewswire, DeFi privacy infrastructure Portal Gate has completed a $1.1 million seed funding round, led by Apollo Crypto, with participation from angel investors including UpsideDAO, Greythorn Asset Management, Comma3 Ventures, Gandel Invest, Rebase D. Ventures, Fork Ventures, and the founder of Ren Protocol. The new funds will be used to expand the core team and accelerate the launch of privacy pools on the mainnet, with the mainnet set to launch in the third quarter. (Source link)

ChainCatcher news, according to a report by CoinDesk citing sources, Apollo Global Management, a traditional financial distressed asset investment firm with over $500 billion in assets under management, is participating in the acquisition of the bankrupt crypto lending platform Celsius. Previously, Celsius announced three bidders for the auction, and sources say that Apollo is one of the investors in the acquisition offer submitted by NovaWulf, one of the bidders. Currently, the Celsius auction has been paused, and the deadline for submitting disclosure statements has been extended to May 11, 2023. (source link)

ChainCatcher news, according to a court document cited by BNN Bloomberg, creditors including BlackRock and Apollo Global Management provided approximately $500 million in loans to the bankrupt Bitcoin mining company Core Scientific Inc. by purchasing convertible notes.The court documents show that BlackRock acquired $38 million in convertible notes through its subsidiary in August 2022, while Apollo purchased $22.6 million and $11 million in convertible notes in April and August, respectively. These two asset management companies also provided $17 million and $6 million loans to Core Scientific's debtors, allowing them to continue operations during bankruptcy.It is reported that other holders of such notes include investment firms Ibex Investors, Gullane Capital, ICG Advisors, and MassMutual. In addition to convertible notes, Core Scientific also borrowed hundreds of millions from cryptocurrency lenders through loans backed by its computing equipment. (Source link)

ChainCatcher news, cross-chain yield aggregator Astrolab has completed a $500,000 Pre-Seed funding round, with participants including Apollo Capital, Jane Street, 0x Ventures, Upside DAO, and others.It is reported that Astrolab is developed based on deBridge and LayerZero, aiming to enable users to allocate funds more efficiently across multiple chains. (source link)

ChainCatcher news reports that shortly after acquiring Yahoo, Apollo engaged in discussions with Mike Novogratz's Galaxy Digital about the possibility of offering cryptocurrency trading on Yahoo Finance. It is currently unclear which other crypto trading companies Apollo has approached as potential crypto partners.Apollo is looking for a cryptocurrency trading platform with sufficient liquidity to handle the trading volume from Yahoo (such as Binance, Coinbase, or Kraken), while also needing a compliant company to manage KYC/AML policies. In October of this year, Apollo partnered with Anchorage Digital to provide institutional cryptocurrency custody services, making Anchorage one of the possible candidates. (source link)

ChainCatcher news, encrypted KOL Onchainsnoop posted on social media that the attacker of the decentralized exchange ApolloX has started to transfer the stolen funds (approximately 72.686 bitcoins). Previously, ApolloX was hacked and lost about 53 million APX tokens. (source link)

ChainCatcher news, asset management firm Apollo Capital, which manages over $500 billion, has launched the Apollo Capital Frontier Fund, which will focus on NFT infrastructure, DeFi, and multi-chain infrastructure. (source link)

ChainCatcher news, one of the world's largest asset management companies, Apollo Global Management, has begun to hold cryptocurrencies on behalf of its clients through a partnership with the digital asset platform Anchorage Digital. (Reuters)

ChainCatcher news, the cryptocurrency-focused fund UpsideDAO announced the completion of a $5 million financing round, with participation from digital asset management firm Apollo Capital Management, crypto payment operator Banxa, crypto broker Caleb & Brown, and digital horse racing game Zed Run. The funds will be used to invest in Web3 projects.UpsideDAO is a cryptocurrency-centric fund that invests through a decentralized autonomous organization (DAO), granting members voting rights proportional to their token holdings. (nftgators)

According to ChainCatcher news, citing two informed sources, Apollo Global Management Inc and Sixth Street sought to provide financing for Elon Musk's acquisition of Twitter earlier this year, but they are no longer in negotiations with Musk. Musk has stated that he would fund the deal with his own cash, co-investors, and bank financing.It is reported that Musk first proposed to acquire Twitter for $44 billion in April 2022, but announced he would abandon the deal in July, and on October 4, he stated he planned to proceed with the acquisition at the original price. (Source link)

Chain Catcher news, Terra yield aggregator Apollo announced that it will close its Terra Classic vault. Apollo stated that since the collapse of Terra, the return rates have been low and the required maintenance level has been high, making support for the Terra Classic network no longer meaningful. Apollo urged all Apollo users on Terra Classic to withdraw all funds before the introduction of Terra Tax, and Apollo will introduce a "Withdraw All" button to simplify the process. In the future, Apollo will focus on launching liquid staking and Apollo Safe on various Cosmos chains. (Source link)