$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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Bybit has announced the launch of Bybit Lending, a cryptocurrency value-added product that offers users the opportunity to earn interest income on their idle cryptocurrencies.

▫️With Bybit Lending, users can deposit their unused cryptocurrencies into Asset Pools, which will be lent out to borrowers for hourly interest.

▫️Loaned assets are kept safe by Bybit's strict risk management system.

▫️Users are able to redeem your funds at any time, with successful redemptions credited immediately.

https://announcements.bybit.com/en-US/article/introducing-bybit-lending---earn-hourly-interest-on-your-idle-assets--blt11298ea2611c9ef9/

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U.S. President Joe Biden is seeking a 30% punitive tax on crypto mining operations because "they are a danger to society," the White House Council of Economic Advisers (CEA) said on Tuesday. But the Republican-controlled House is unlikely to support the tax that would punish this industry.

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Do you believe in "Sell in May and Go Away" thesis?

👍/👎
❤️: I don't care

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In the last week alone, 23,463 $ETH has been burnt as a result of increased network activity.

Thank you meme coins.

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SUI token distribution has started. Listing in 5h 50mins from now.

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Binance will list Sui (SUI) and open trading for SUI/BTC, SUI/USDT, SUI/TUSD, SUI/BNB, SUI/EUR and SUI/TRY trading pairs at 2023-05-03 12:15 UTC.

Users will enjoy zero maker fees on the SUI/TUSD trading pair until further notice.

https://www.binance.com/en/feed/post/483991

Seeing a lot of comparisons between the latest bank failures and 2008

However most are wrong because they don't account for inflation

Here's a page built by Defillama on all bank failures since 2000, their inflation-adjusted assets and a chart of the sum.

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Trading for SUI will start at 12:00 UTC, as opposed to the original time of 12:15 UTC.

https://twitter.com/binance/status/1653706678649466881

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FED RAISES RATES BY 25BPS TO 5-5.25%

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Trade volumes on CEXs declined in April after rising for three consecutive months and surpassing pre-FTX levels in March.

Overall, the crypto market remains significantly larger than it was before the 2020 bull run.

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Over $2B of volume was traded in spot markets today, with Binance taking the lions share and Bybit/OKX/Kucoin taking down the rest

If SUI was a publically traded stock, it would be the 20th in dollar volume

this is ahead of the likes of $JPM and $NFLX.

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TrueUSD (TUSD) denies its connection with Justin Sun.

https://twitter.com/tusdio/status/1653800358005841920

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