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Friday, May 5, 2023

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Expensive gas? It's Pepe's fault

Ethereum's gas fees have surged above a one-year high as the demand for trading the PEPE meme coin continues to soar. The average cost of a single transaction on Ethereum jumped above $15.82 on May 4.

In the last 24 hours, the trading volume for PEPE surpassed $150 million on Uniswap, higher than Wrapped Bitcoin (WBTC) and USDT stablecoin volumes.

In today's news, Voyager creditors to potentially start receiving funds, Jack Dorsey's Cash App posts over $2 billion in BTC revenue, and Cryptoys to drop a Star Wars NFT collection.

Read on!

Turning $11.87 into $1 Million

If you bought just $11.87 worth of SHIB in Aug 2020, you'd have become a Meme Coin Millionaire in 2021, thanks to a 8,424,202% return.

So far this year, you'd need to have put $57K+ into the hottest meme coins, like Pepe or Wojak, to flip to $1M.

24h Hot Searches Worldwide

Pepe (+74.2%)
ChainGPT (-9.6%)
Floki (+55.2%)
Bitcoin (+0.1%)
Popcorn (+10.6%)
Wojak (+28.8%)
Ignore Fud (+75.4%)

Is MEV the BIGGEST threat to Ethereum? Let's explore the pros and cons of this controversial practice and its impact on Ethereum's ecosystem ⚡

Check it out here!

Not too long a Voyage

A tweet on May 4th from the Voyager Official Committee of Unsecured Creditors (UCC) announced that the now-defunct crypto firm has entered the final stages of liquidation procedures after Binance abandoned its acquisition deal last week.

According to the committee, funds stuck on the platform of bankrupt crypto broker Voyager Digital may begin returning to creditors in "the next few weeks,".

CoinTelegraph

Raking in cash

Ex-Twitter CEO Jack Dorsey's Cash App, under the fintech company Block, has reported over $2 billion in BTC revenue in Q1 2023 thanks to an increase in the amount of Bitcoin sold to its customers.

This amounted to $50 million in gross profits for the quarter, up 16% year-over-year.

Decrypt

May the 4th be with you

In conjunction with 'Star Wars Day' on the 4th of May ("May the 'Fourth' be with you"), NFT startup Cryptoys announced on Thursday the upcoming launch of 15 limited edition Star Wars 'Digital Toy' NFTs on Flow.

The collection will drop on May 24th and will sell for $39.99.

Decrypt