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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$doge, the #9 cryptocurrency, has done $386,000,000m 24h trading volume.

$pepe, the #95 cryptocurrency, has done $382,000,000m 24hr trading volume.

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The Kingdom Of Bhutan Confirms It Has Been Mining Bitcoin For Several Years.

The Himalayan kingdom's investment arm Druk Holding and Investments (DHI) revealed that it has been running a bitcoin mining operation in the country.

https://www.nobsbitcoin.com/the-kingdom-of-bhutan-has-been-mining-bitcoin-for-years/

@bitcoins

Sotheby's launches the on-chain secondary NFT Marketplace.

Sotheby’s Metaverse will now offer a curated, peer-to-peer marketplace via the Ethereum and Polygon networks.

Sotheby's Metaverse says it will continue to honor artist royalties through smart contracts on its resale platform that automatically pays artists according to their selected on-chain royalty rate.Artists featured on Sotheby's secondary marketplace will rotate every few months.

The platform will launch with works from 13 leading digital artists, including Tyler Hobbs, Claire Silver, XCOPY, Diana Sinclair, Pindar van Arman and others.

https://www.coindesk.com/web3/2023/05/01/sothebys-launches-on-chain-secondary-nft-marketplace

Are you into NFTs? 👍/👎

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Coinbase insiders sued for dumping stock, saving $1 billion.

The company’s board deployed a so-called direct listing instead of a more typical initial public offering and rapidly sold off $2.9 billion in stock before Coinbase management later revealed “material, negative information that destroyed market optimism from the company’s first quarterly earnings release forward,” according to the complaint unsealed Monday in Delaware Chancery Court.

“Within five weeks, those shares declined in value by over $1 billion, and Coinbase’s market capitalization plummeted by more than $37 billion,” claimed the investor, Adam Grabski, who said he’s held Coinbase shares since April 2021.

Armstrong sold $291.8 million of Coinbase stock as part of the direct listing, according to the complaint, while Andreessen’s venture capital firm, Andreessen Horowitz, dumped $118.6 million worth of the stock.

https://www.bloomberg.com/news/articles/2023-05-02/coinbase-insiders-avoided-1-billion-in-stock-losses-suit-says

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Markets factoring in tomorrow's anticipated 25bps points hike?

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Coinbase officially launched the Coinbase International exchange, which has listed BTC and ETH perpetual futures contracts. All transactions are settled in USDC, initially providing leverage of up to 5 times, and eligible institutional clients in non-US jurisdictions can directly access it through the API Deals, products are not currently available to retail customers.

https://www.coinbase.com/blog/introducing-coinbase-international-exchange

http://www.coinbase.com/international-exchange

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