What is GameFi – How it works, drawbacks and potential for the future
MicroStrategy’s New CEO Supports Decision to Keep Bitcoin in the Balance Sheet

Axie Infinity Looking to Expand into the Korean Market

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Today’s Cryptocurrency Headline

In an interview during Korea Blockchain Week KBW 2022, Sky Mavis co-founder and growth lead Jeffrey Zirlin stated that despite the domestic ban on P2E games still being in place, “the Korean market is one of the most important gaming markets in the world, and we have tons of players in South Korea.” The company is currently looking for ways to make Axie Infinity suitable for Korean players. Zirlin said that Axie Infinity plans to double its investment in the Korean market and strengthen localisation in terms of game language and other aspects.

BingX’s Bitcoin Chart

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Bitcoin is down 2.69% over the last 24 hours and fell to an intraday low of $22,860.93. The largest cryptocurrency rallied to an intraday peak of $24,248.31 on Monday, but it dropped to a bottom of $23,372.91 earlier today, suggesting that demand is weak at higher levels. The US Bureau of Labor Statistics will update the new CPI figures tomorrow. If the numbers do not match the expectation, we could see another sell-off.

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