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Frenzied trading activity has pushed the newly launched pepe token (PEPE) to garner trading volumes higher than those of dogecoin (DOGE) and shiba inu (SHIB), otherwise the two biggest meme coins by trading volume. Since its debut a few weeks ago, PEPE briefly rocketed to a $502 million market cap following a 2,100% rise before pulling back. "The Hash" panel discusses the potential factors driving the meme economy's latest rally.

May 3, 2023

Sui, the buzzy layer 1 blockchain founded by ex-Meta Platforms employees, launched its mainnet on Wednesday as it jockeyed to edge out rival Facebook-offshoot Aptos and other DeFi heavyweights. Sui Network tokens (SUI) briefly jumped to $2 apiece minutes after trading began, reaching nearly $690 million in market cap to a fully diluted valuation (FDV) at a staggering $13 billion. "The Hash" panel discusses their outlook for the Sui ecosystem.

May 3, 2023

U.S. President Joe Biden is looking to impose a punitive tax on crypto mining operations for the "harms they impose on society," the White House’s Council of Economic Advisers (CEA) said Tuesday in an online post. The administration’s blog entry made the case for a U.S. tax equal to 30% of a mining firm’s energy costs – an unusual industry-specific penalty that could threaten the profits of such businesses. "The Hash" panel discusses the potential impact on the bitcoin mining industry.

May 3, 2023

Crypto exchange Coinbase is opening a derivatives exchange in Bermuda as it faces regulatory headwinds in the U.S. This comes as Coinbase CEO Brian Armstrong recently suggested that the exchange would consider moving away from the U.S. if the regulatory environment for the industry does not become clearer. Oppenheimer senior analyst Owen Lau weighs in, predicting "they would not completely leave the United States, but international expansion is on the table."

May 3, 2023

Sotheby’s head of digital art and NFTs, Michael Bouhanna, weighs in on the debate surrounding NFT royalties, which are defined as payments to the original creator for every secondary sale of the digital asset. Plus, Bouhanna discusses launching the art auction house's specially curated, peer-to-peer secondary marketplace amid an NFT winter.

May 3, 2023

Banrion Capital Management chief investment strategist Victoria Bills discusses her outlook on the crypto markets following recent turmoil plaguing the banking sector. "If there is a perception of failure within the banking sector, we'll continue to probably see more turmoil in banking in these regional banks," Bills said.

May 3, 2023

Bitcoin (BTC) is hovering around $28,000 ahead of the Federal Reserve's decision on interest rates. Will Fed Chair Jerome Powell issue a highly-anticipated pause to the tightening cycle? The latest market updates and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

May 3, 2023

Fraud claims against Alex Mashinsky are ‘baseless,’ and based on online misinformation, the Celsius co-founder and former CEO said in response to a lawsuit brought by New York State. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest in crypto regulation.

May 3, 2023

Coinbase is opening a derivatives exchange in Bermuda as the crypto exchange faces continued regulatory headwinds in the U.S. Owen Lau, senior analyst at Oppenheimer, discusses his firm's rating and price target for Coinbase's stock. Plus, Lau reacts to Coinbase Chief Legal Officer Paul Grewal telling CoinDesk at Consensus 2023 that the exchange is prepared to take legal action if the SEC doesn't provide the regulatory clarity it is seeking.

May 3, 2023

Sotheby's is expanding its non-fungible token (NFT) art offerings through the release of a specially curated, peer-to-peer secondary marketplace. The art auction house's head of digital art and NFTs, Michael Bouhanna, discusses Sotheby's expansion into the Web3 space and how they are addressing artist diversity and royalties in the sector.

May 3, 2023