Crypto wallet Phantom to release public multichain support for Ethereum and Polygon:

Solana Wallet Phantom adds support for Ethereum and Polygon, which was originally scheduled for the 2023Q1, but was delayed until today. Phantom once completed a financing of $109 million at $1.2 billion in January 2022. Paradigm led and A16Z participated.

https://techcrunch.com/2023/04/26/crypto-wallet-phantom-adds-public-multichain-support-for-ethereum-and-polygon/

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With every platform and app going multichain, it will boil down to UX, Speed and, Performance. Interesting times ahead!

First Republic Bank $FRC stock trading halted, citing volatility, after sinking another 18% today.

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Is Avalanche fooling its investors and token holders?

Avalanche, also known as Ava Labs, has been accused of using fake accounts to promote its AVAX token, spread false information about its competitors, and deceive its community.

Ava Labs uses astroturf accounts to slander rivals to harm their reputations, weaken them as competitors, and direct public interest and capital flows toward AVAX.

As per the investigation, Ava Labs has a much lower investor following than the team projects.

https://www.cryptopolitan.com/is-avalanche-fooling-investors-token-holders/

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Over the past 1.5 months one person has created 114 meme coin scams.

Each time stolen funds from the scam are sent to the exact same deposit address.

0x739c58807B99Cb274f6FD96B10194202b8EEfB47

Apparently its a Coinbase wallet!

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This clip is from a Fall 2018 Graduate MIT course called "Blockchain and Money"

Gary Gensler - the current President of the SEC, was the professor.

The Hypocrisy speaks for itself!!

"So we already know in the US and in many other jurisdictions that 3/4 of the market are not ICOs or NOT what would be called securities, even in the US, Canada, and Taiwan, the three jurisdictions that follow something similar to the Howey Test that we've talked about. 3/4 of the market is non-securities. It's just a commodity, a cash crypto."

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Bitget Exchange announced that due to Hong Kong’s regulatory policy that will be launched on June 1, it will no longer provide services for Hong Kong users starting this month; Hong Kong users need to transfer to BitgetXhk, and will no longer provide derivatives and wealth management services. Various offshore exchanges have begun to restrict Hong Kong users one after another.

https://www.bitget.com/en/support/articles/12560603782171

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Listing news:

CoinList will be listing SUI, the native token of the highly anticipated Sui Blockchain, on Day 1 of its launch (~May 3).

As part of the SUI launch, CoinList will be offering 48 hours of free trading on all SUI pairs on CoinList Pro and 1 month of fee-free staking to all eligible CoinList users.

https://blog.coinlist.co/sui-network-sui-launching-soon-on-coinlist/

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Coinbase has added Osmosis (OSMO) to its roadmap.

The OSMO price has increased by 6% at that moment.

https://twitter.com/coinbaseassets/status/1651326452195786752

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Binance.US adds support for Unstoppable Domains and introduces .BinanceUS crypto domains on Polygon Network.

https://unstoppabledomains.com/blog/binanceus

The amount of AVAX in free-floating circulation will rise sharply from the unlocking of AVAX tokens to early investors/contributors and team members.

Trade with caution.

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Binance Futures Will Launch USDⓈ-M BLUR Perpetual Contract with Up to 20X Leverage.

Binance Futures will launch the USDⓈ-M BLUR perpetual contract at 2023-04-28 12:00 (UTC), with up to 20x leverage.

https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-m-blur-perpetual-contract-with-up-to-20x-leverage-00b84a2f4a9b44e184722acdbb6d2629

Bitcoin 30-day rolling correlation with gold has surged since March and now stands at 57% - its highest level in almost 2 years.

@bitcoins

Top crypto VCs liquid holding.

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Subscription started. You may pledge BNB for the next 2.5hrs.

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a16z announced a $100 million investment in Pinecone (Series B).

Pinecone uses AI technology to support applications.

https://twitter.com/a16z/status/1651602701325590531

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Earlier today Amazon added $120 billion to its marketcap and then lost $140B all in the last 1h of market closure.

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Inflation in Argentina hit 102.5% in the year to February. USD stablecoins such as USDT are widely welcomed by the upper middle class and young people. However, due to technical barriers and negative news, crypto has not been widely used.

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Binance Japan will launch after June 2023.

https://www.coindesk.com/business/2023/04/28/binance-japan-will-start-operations-after-june/

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OpenAI closes $300M share sale at $27B-29B valuation.

VC firms including Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global picking up new shares.

Founders Fund is also investing.

https://techcrunch.com/2023/04/28/openai-funding-valuation-chatgpt/

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WSJ: Big banks including JPMorgan and PNC are vying to buy First Republic Bank in a deal that would follow a government seizure of the troubled lender, according to people familiar with the matter. A seizure and sale of First Republic could come as soon as this weekend.

https://www.wsj.com/articles/jpmorgan-pnc-bid-to-buy-first-republic-as-part-of-fdic-takeover-aeb936a0

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