THE HASH: Sui Network Officially Launches; Meme Coin Madness as PEPE Pumps and Dumps

The most valuable crypto stories for Wednesday, May 3, 2023.

This episode is sponsored by Ciphertrace.

“The Hash” tackles today’s hot topics: Sui, a buzzy new layer 1 blockchain founded by ex-Meta Platforms employees, finally makes its debut. The White House is proposing a 30% tax on electricity used for crypto mining.  French senators are proposing easing up on crypto ads by social media influencers.  Plus, the new meme coin pepe (PEPE) is experiencing profit-taking after huge price spikes since its debut a few weeks ago.

See also:

White House Pushes for Punitive Tax on Crypto Mining

Sui Mainnet Goes Live as Crypto Project Takes on Aptos and DeFi Giants

Allow Influencers to Promote Registered Crypto Firms, French Senators Say

PEPE Meme Coin Liquidity Pool Becomes Most Active on Uniswap

Ciphertrace, a Mastercard company, helps banks, governments, regulators, exchanges and VASPs to trace the movement and risk of crypto funds, uncover illicit activity, and help comply with global regulations. Get in touch today to find out more at Ciphertrace.com.

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This episode has been edited by Ryan Huntington. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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