GM! Today is the Fed meeting with 88% of the next rate increase, as well as the launch of the SUI mainnet. These two opposing events can cause a real storm of liquidations in the market, although it is not yet clear whether it is short or long, so we are watching. However, yesterday was no less interesting, so let’s take a closer look.
Theme of the day
Two native American crypto exchanges at once, Coinbase and Gemini, announced the launch of international derivatives platforms. It seems that the regulatory situation in the US is becoming more and more difficult and companies associated with the industry are beginning to develop new markets and are slowly preparing for migration. However, Coinbase is facing yet another lawsuit and allegations of insider trading. The war for the crypto market in the US continues.
You can learn more about what is happening on the crypto market on our website.
Kriptan’s calendar for May 3
- The main Sui Network will be introduced today. We talked about this in detail in a separate article.
- Mainnet release L1 protocol MELD. The network offers “very low” gas fees and plans to introduce a multisig wallet on Cardano.
- Starts Avalanche Summit II. The event will take place in Barcelona from 3 to 5 May. There are more than 300 people on the list of speakers at the conference.
- The Fed’s interest rate decision. If the rate is left unchanged, you can count on euphoria in the market.
Results of yesterday
- MicroStrategy did not sell bitcoin in Q1 2023;
- Coinbase management sued for insider trading;
- Poloniex to pay $7.6M fine for violating sanctions;
- ChatGPT spread fakes about Binance;
- Bhutan is secretly using hydropower to mine bitcoin;
- Coinbase Launches international futures exchange;
- Gemini launched a futures exchange;
- Crypto exchange OPNX received a warning from the Dubai regulator;
- Upgrade Probability rates for 25 points – 87.9%.
More events from the world of crypto in our TG channel. And if you’re looking for the fastest wild west news, then you here.
Market Compass
- General state of the market:
- Fear & Greed Index of Bitcoin:
- Total market capitalization:
- DeFi TVL:
- RIP:
Looking for a game changer
Raised money:
New projects on the horizon:
Disclaimer: The list below is compiled based on announcements and taking into account the lifespan of startups. Incrypted has no interest in these projects and does not test them for security or effectiveness. NFA and DYOR and may the Alpha be with you!
- usdfi — a revolutionary landing page, liquidity aggregator, farming and stablecoin on one site.
- PYESwap is the only DEX with Swap 2.0 technology. Whatever that means.
- zkSwap is the first DEX with concentrated liquidity on zkSync Era.
- Coral Finance position themselves as the first premium derivatives trading platform on NautilusChain.
Airdrop Update
- Sui Launchpool;
- Nautilus Chain Testnet;
- Sale Cyberconnect.
Track fresh freemints, testnets and raffles in the Airdrops section!
Current trends
- Hunting for drops: Taiko, zkSync Era, SUI, LayerZero and many others. Do it now so you don’t repeat the FOMO Arbitrum later.
- The Fed will meet today to discuss another rate hike. Analysts expect the stock market to fall, so the crypto is likely to storm too.
- The launch of the Sui blockchain in the mainnet and the SUI token sale are on the way. One of the most anticipated events in May, which can give an impetus to the market.
Read in the evening
- Venture investment in cryptocurrencies. Where did the funds invest in April?
- 25 NFT collections on Sui to explore ahead of the mainnet.
IncryptOr
More crypto memes in our Instagram. Come in if your eyes hurt from the charts.
