🗿 30% Tax on Crypto?!

Today’s No FOMO newsletter is brought to you by…

GM. Happy Friday de Mayo. We’ll be enjoying spicy margaritas 🍸 as we watch our Pepe bags pump.

Today’s specials:

NFT Power News 📰 - Biden wants a 30% mining tax??

NFT Power Rankings 🔥 – The Plague … stronger than ever

Weekend Alpha: What to Watch 🔍 – $PEPE keeps going, so we’ll highlight it one more time 🤷

Today in Crypto History 📅 – The beginning of the end for Terra Luna 😞

AI Intel 🤖 – Biden meets Microsoft, Google CEOs on AI dangers 👨‍⚖️

NFT Power News 📰

• New White House standards strategy could have implications for crypto industry KYC (Investing)

• U.S. SEC Changes Its Mind on Officially Labeling Digital Assets (CoinDesk)

• Crypto exchange Coinbase posts smaller first-quarter loss (Reuters)

• Biden Wants 30% Crypto Mining Tax, But Can It Work? (Investopedia)

• Montana governor signs pro-cryptocurrency mining bill into law (Cointelegraph)

• Bitcoin Set New Record of Daily Transactions the Same Day the U.S. Government Quietly Engineered a Bank Buyout (CoinDesk)

• Federal Reserve Raises Fed Funds Rate by 25 Basis Points, Signals Possible Pause (CoinDesk)

• 36% of the top 1,000 crypto projects went silent on blogging this year (Cointelegraph)

• Exclusive: Israel seized Binance crypto accounts to 'thwart' Islamic State, document shows (Reuters)

🔥 NFT Power Rankings 🔥

(below 0.5 eth)

1. The Plague🥇

2. Lil Pudgy Penguins 🥈

3. Meet Nippy 🥉

4. Killacubs

5. Deadfellaz

6. Alien Frens

7. Nakamigos

8. Cryptoon Goonz

9. Degentoonz

10. Space Riders

Weekend Alpha - What to Watch 🔍

$PEPE won’t stop pumping

It’s up x% since we wrote it about it on Tuesday. So $1000 would be ___. We’re giving away money here people

Gas fees are high again – is this a sign of a market turn?

$WSB coin a rug?

Today in Crypto History 📅

May 5, 2022

Ohhh boy. We were going to do something older, but May 5th, 2022, will go down in crypto history as a dark, dark day — the beginning of the fall of Terra Luna.

Once reaching $40 billion in market value, the golden child for many could do no wrong.. until this day last year. First, UST depegged, then came the death spiral, then everyone on crypto twitter cried themselves to sleep for weeks.

If you’re new to the space and don’t know what we’re talking about, consider yourself lucky, but read the full story here.

AI Intel 🤖

• Biden meets Microsoft, Google CEOs on AI dangers (Reuters)

• White House announces $140 million A.I. hub investment ahead of meeting with Google, OpenAI (CNBC)

• AMD Stock Rises On Report Of Team-Up With Microsoft On AI Chips (Investors)

• UK reviews AI models as rapid growth fuels safety concerns (Reuters)

• Top ex-Google AI researchers raise funding from Thrive Capital (Reuters)

• Slack’s getting an A.I. chatbot that can summarize messages, take notes and more (CNBC)

Just for Fun 🤡

Here’s some comic relief going into the weekend

Shameless Shill + Alpha

This is NOFOMO, the newsletter that keeps you up-to-date on all things crypto and NFTs. Whether you're a seasoned investor or just getting started, our team of experts brings you the latest news, trends, and insights from the rapidly evolving world of digital assets. Plus, we ratioed Bloomberg once so we think we’re pretty cool.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.