GM! JP Morgan buys virtually bankrupt First Republik Bank to save depositors, even though the banking system is said to be generally doing well.
Meanwhile, BTC closed April in the black, and Block has developed nanochips for mining bitcoin. Bulls and bears continue to battle, though, it’s just another day in crypto.
The topic of the day
Justin Sun transferred 115 million TUSD to Binance in an attempt to forage for SUI in BinanceLaunchpool, but SZ immediately warned him that the team would block such actions because Launchpool is not for whales.
After that, San said it was someone on the team who misunderstood his orders and apologized. Uncomfortable got it:
For more information on what’s happening in the crypto market right now, visit our website.
Cryptan Calendar for May 2
- Eurozone inflation data for April. Experts forecast CPI at 7.0%. If it is lower, we can expect a bullish market reaction in equities and cryptocurrencies.
- China will publish a business activity index. Why is China important? Most of the bounce in indices since the beginning of the year has been due to a “strong China.”
The results of yesterday
- April for Bitcoin closed at +3.05%;
- SEC fined Coinme and their partners $4 million;
- Chanpeng Zhao rebuked Justin Sun for pharming SUI at Launchpool;
- JPMorgan will buy First Republic Bank;
- Block unveiled prototype nano chips for BTC mining;
- Bitcoin Ordinals could accelerate Bitcoin network development – Grayscale;
- The cost of mining 1 BTC in the US will rise to $17,000 – Hashrate Index;
- 1inch updated 1inch Wallet for Android;
- Bitcoin Magazine will hold a mitup on May 5;
- NEAR launched OS for blockchain.
More events from the crypto world in our TG Channel. And if you’re looking for the fastest wild west news, you’re here.
Market Compass
- General Market Conditions:
- Fear & Greed Index of Bitcoin:
- Total Market Capitalization:
- DeFi TVL:
- R.I.P:
In search of gamechanger
Gained money:
New projects on the horizon:
Disclamer: The list below is compiled based on announcements and taking into account the startups’ time of existence.
Incrypted has no interest in these projects and does not test them for safety and effectiveness. NFA and DYOR and may Alpha be with you!
- GhastProtocol – liquidation-free, delta-neutral marketplace for $USDC, $ETH and $BTC.
- Lena AI Swap – Artificial Intelligence DEX built on Arbitrum.
- Swaptor – Positioned themselves as a secure next generation P2P marketplace for direct token swaps.
- Bioniq – position themselves as the fastest marketplace for Bitcoin-coins with no network commissions.
Airdrops Update
- ZkSync x Galxe: Quest;
- ZKX: Activities;
- Rage Trade: Activities;
- Masa x Base: Testnet;
- 1inch: Quest on Galxe;
- EchoDex Testnet;
Check out the latest freemints, testnet and raffles in Airdrops!
Current Trends
- Hunt for drops: Taiko, zkSync Era, SUI, LayerZero and more. Do it now so you don’t repeat the FOMO Arbitrum later.
- The Fed will meet on May 3 to discuss the next rate hike. Analysts expect the stock market to fall, so crypto is likely to be rocked too.
- The launch of the Sui blockchain in the mainnet and the SUI tokenseal are on the horizon. One of May’s most anticipated events that could give momentum to the market.