Express Crypto News: 60-Second Recap, July 27th 2023

Express Crypto News: 60-Second Recap shares the top stories in crypto every week. 

Last week in crypto, Solana announced significant network performance increases, UniSwap’s founder had their twitter hacked, and Bitcoin’s price dipped back to $29k. 

Tourists from Mainland China can now shop in Hong Kong with Chinese central bank digital currency. Hong Kong has been positioning itself as a global offshore trading center, and this is just the beginning. The digital currency’s expansion signals China’s ongoing push towards digitalization in its financial sector.

Also in Hong Kong, McDonald’s has launched a McNuggets themed metaverse. Sandbox users can play mini-games in a McNuggets themed virtual space. Players can earn rewards including SAND tokens - the cryptocurrency of the Sandbox ecosystem, as well as in-game accessories.

OpenEx closed its latest funding round on its journey to build a unique hybrid exchange model, bringing together centralization and decentralization. Raising 50 million USD, the round includes prominent names in the Web3 space.

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