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

Telegram | Twitter

Decision Proposal for CAKE Tokenomics v2.5 has passed, which will adjust CAKE Syrup Pool emissions from 6.65 CAKE/block to 3 CAKE/block immediately and CAKE Syrup Pool emission is reduced to 0.35 CAKE/block (~2% APR) at month 6.

https://pancakeswap.finance/voting/proposal/0x707643dd2c2b941c7274f26a0362922198912e8549050ae9f2d1d9d71ada04bb

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Elon Musk tweeted that Twitter plans to launch a pay-to-read feature for individual articles next month, allowing media publishers to charge users on a per article basis with one click.

Musk also said that if users don't subscribe monthly, they will pay more to read each article, which will benefit both the public and the media.

https://twitter.com/elonmusk/status/1652349875017879552

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🔥Found new distribution🔥

SuperRare | RARE
Token Contract: 0xba5bd...1296350
Transaction: 0x661f4...f41c9e5
From: 0x2b962...e3a33f6 to 50 addresses
Total amount: $571,600 (0.80% of Market Cap)

Current Price: $0.1155
Market Cap: $71,109,730
24h Volume: $924,797

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Binance has announced the 33rd project on Binance Launchpool - Sui (SUI).

Users will be able to stake their BNB and TUSD into separate pools to farm SUI tokens over 2 days, with farming starting from 2023-05-01 00:00 UTC.

Binance will then list SUI when its liquidity meets the requirement and open trading with SUI/BTC, SUI/USDT, SUI/TUSD and SUI/BNB trading pairs. Exact date and timing will be announced once available. 

https://www.binance.com/en/support/articles/f76980d5d5e54d80b1348fd446e8f5d3

Volatility Ahead: Ratio between Spot/Futures Volume hits an all-time high.

"At this moment, the trading volume in the futures market is around 900k on a daily basis, while the volume in spot trading is around 100k."

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Cardano has the highest cumulative code commits.

What are they building over there?

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The $TUSD stablecoin is trading at a 1.5c premium

25% of the entire $TUSD supply is staked in Binance farming rewards

82% APY to lend on Aave

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Upcoming Important Event:

Fed Interest Rate Decision | FOMC

3rd May,2023, 6:00PM (UTC)

Telegram | Twitter

OKX lists the new sensational meme token $PEPE.

https://www.okx.com/help-center/okx-will-list-pepe-pepe-for-spot-trading

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Justin Sun transferred 59 million TUSD to Binance today, saying that the move was only to provide liquidity. CZ responded that If Sun uses TUSD to join Sui LaunchPool, action will be taken against it. Later, Sun tweeted some colleagues did use part of the funds to participate and will refund.

https://twitter.com/cz_binance/status/1652949031524376579

https://twitter.com/justinsuntron/status/1652947488951918593

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JPMorgan to acquire First Republic Bank $FRC.

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$PEPE is now a top 100 crypto token by market cap.

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So many meme tokens popping up.

Are we really in a bear market?

Who said there's low liquidity?

Who said there's no new flow of money?

Ok, have you got into any meme token in the last 15 days? 👍/👎

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'Shark Tank' but Make It Crypto: CoinMarketCap Launching New Competition TV Show.

"Killer Whale" will allow entrepreneurs to pitch ideas for new Web3 products and projects to a panel of judges.

https://www.coindesk.com/web3/2023/05/01/shark-tank-but-make-it-crypto-coinmarketcap-launching-new-competition-tv-show

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