May 06, 2023

The teacher who is indeed wise does not bid you to enter the house of his wisdom but rather leads you to the threshold of your mind.

-Khalil Gibran

In May 2023, the US banking sector experienced another tumultuous week when the federal government seized First Republic Bank after weeks of depositors and investors withdrawing their money. First Republic Bank had been bailed out in March 2023 with US$30 billion in deposits from the US Treasury, but this was not enough to prevent its collapse. The seizure of First Republic Bank was a major blow to the banking sector, and it highlighted the fragility of the US banking system.

Source: zycrypto

coins. The recent surge in popularity of meme coins such as Dogecoin (DOGE), Shiba Inu, and now PEPE has been met with enthusiasm from the crypto community. These coins have become popular due to their humorous nature and the fact that they are relatively easy to acquire and trade. Despite the controversy surrounding PEPE, it has still managed to capture the attention of many investors and traders, making it one of the most talked-about coins in the crypto space.

Source: thenewscrypto

Cardano recently released its weekly progress report, which included major updates on the upcoming scaling solution, Mithril, and the Voltaire era. Mithril is a scaling solution that will enable Cardano to process more transactions per second, while the Voltaire era will introduce a treasury system and voting mechanisms to the platform. Both of these updates are expected to improve the scalability and decentralization of Cardano, making it a more attractive platform for developers and users.

Source: ambcrypto

Bitcoin has had a strong start to 2023, with the price increasing by approximately $12,000 in the first 90 days of the year. This is the best quarter Bitcoin has had in two years and is reminiscent of the run-up to the 2020 bull run that brought Bitcoin's price to over $60,000. Analysts attribute the recent price increase to the banking crisis, inflation, and investors looking for alternative stores of value. Additionally, the supply of Bitcoin being held off-market is at an all-time high, meaning that when the next bull run does come, buyers will be in a bidding war over a low supply of Bitcoin being sold. This could cause prices to rise at a speed never seen before and could potentially break price records.

Source: globalcryptopress

BabyDoge is proposing a monumental token burn of 100 quadrillions of BABYDOGE on the Ethereum protocol, with some tokens reserved to conform to the platform's security and integrity. This token burn would also result in 0% fees on transactions. This proposal is being discussed on Twitter, and it is unclear if it will be implemented.

Source: coingape

Pepe (PEPE) is a token which was created from the popular "Pepe the Frog" meme and has been live for just over two weeks. Despite its short lifespan, it has already made many people millionaires overnight. This is a testament to the power of cryptocurrency and the potential it has to make people wealthy in a short amount of time.

Source: zycrypto

$29,044.47 ^+0.10%

$1,909.48 ^-0.30%

$1.00 ^+0.09%

$323.59 ^-0.39%

$1.00 ^+0.02%

*Prices Last Updated: 05-06-2023 8:34am ET

$0.00 ^+2,927.68%

$0.04 ^+242.74%

$0.10 ^+40.83%

$0.07 ^+26.26%

$0.00 ^+23.80%

*Prices Last Updated: 05-06-2023 8:34am ET

$24.11 ^-72.56%

$0.00 ^-41.77%

$3.28 ^-29.35%

$0.00 ^-21.89%

$11.57 ^-20.14%

*Prices Last Updated: 05-06-2023 8:34am ET

14,899 BTC

$439,875,400

14,893 BTC

$439,710,050

14,891 BTC

$439,628,100

14,929 BTC

$430,790,200

14,927 BTC

$430,706,850

14,909 BTC

$430,211,360

*Transactions Last Updated: 05-06-2023 8:34am ET

“Tik Tok,” a chart-topping hit by Ke$ha, is also the name of a character in the work of what children’s author?

here.

https://friends.blast29.com/blastoffwithfriends

Trivia Answer: L. Frank Baum

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