🗿$PEPE Pushes $500 Million 😳

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

GM. Happy May. It’s officially the 5th month of the year. It’s also the fifth time Steph Curry and Lebron go head-to-head in the playoffs.

Not the last basketball reference you’re getting today. But it’s not about the playoffs. It’s about $PEPE 🐸.

Today’s specials:

• NFT Power News 📰 : New Supreme Court doctrine gives crypto hope

• No FOMO 🗿: $PEPE keeps pumping 📈

• AI Intel 🤖 : Turning thoughts into text?

• You Raised? 💰: Venture funding down 82% year to year

I had two cortados already this morning ☕, so let’s get into it…

NFT Power News 📰

• Coinbase, crypto industry hope new Supreme Court doctrine is silver bullet (Reuters)

• Russian Bitcoin Wallets Allegedly Exposed by Apparent Hacker (Coindesk)

• More crypto exchanges list PEPE following trading frenzy (Cointelegraph)

• First Republic Closure Contradicts Anti-crypto Narrative (Blockworks)

• Crypto Exchange Poloniex Agrees to $7.6M Fee to Settle Sanctions Violation Charges (Coindesk)

• Tokens but not crypto: Nigeria SEC prepares new digital asset rules (Cointelegraph)

• The UK Isn’t Giving Crypto Firms a Chance (Blockworks)

• Is the Federal Government Trying to Kill Off Crypto? (New York Magazine)

$PEPE Flips Blur, ENS in Marketcap 😳

It’s a bird. It’s a plane. Nope, it’s a frog coin surpassing two credible projects – Blur + Ethereum Name Service.

These aren’t just ‘vibe’ projects $PEPE is passing, or dare I say leapfrogging. These are two flagship ETH projects with freakishly smart people backing it.

$PEPE’s market cap nears $500 million, and since it’s playoff basketball, we got a few comparisons to put that into context.

That’s more than Nike valued Michael Jordan’s name in 2015. That’s more than Lebron James’ estimated net worth in 2020 👀

If you have a good reason for your answer, please let us know would be helpful 😇

TLDR; $PEPE is playing no games… and it may not be done pumping. Major CEXs (notably OXK) are starting to list crypto’s new favorite meme coin. Remember when $DOGE took the world by storm in 2020?

Now you can buy and sell it on Coinbase. Who woulda thought?

We’re rooting for you, you ugly lilypad dweller, you.

💰You Raised?💰

Venture funding plummeted 82% year to year, dropping from $9.1 billion in Q1 of 2022 to only $1.7 billion, per Crunchbase data. But some projects are still bringing in cash. Here are some highlights from the past week:

• Fanton, a play-to-earn game in the TON ecosystem, has raised $300K in a pre-seed funding round (AlexaBlockchain)

• Giddy, a self-custody smart wallet that allows users to securely store and manage their cryptocurrencies, has raised an additional $6.9 million in new funding (FinanceFeeds)

• Swedish Startup Goals has raised $20 million in series A funding to continue the development of an NFT based soccer video game (SportsPro)

• Crypto Storage Provider Zodia Custody Raises $36M From SBI Holdings, Standard Chartered (Yahoo)

AI Intel 🤖

• ‘The Godfather of A.I.’ Leaves Google and Warns of Danger Ahead (NYT)

• IBM to pause hiring in plan to replace 7,800 jobs with AI (Reuters)

• Scientists develop A.I. system focused on turning peoples’ thoughts into text (CNBC)

• The coming AI chip shortage (Marketplace)

• AI faces a long road ahead in healthcare — 'It lacks structure' (Yahoo! Finance)

• AI Chatbots Have Been Used to Create Dozens of News Content Farms (Bloomberg)

• Backlash against AI supermodels triggers wider fears in fashion workforce (NBC)

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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