Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 02nd May 🚨 💥First Republic Bank sold to JPMorgan Chase & Co. 🚀Ethereum Gas Fees 153% 🚀 🚨 Drama time: H.E. Justin Sun vs Changpeng Zhao 🚨CBDC event in June - a podcast by Blockchain DXB

02nd May: Crypto & Coffee at 8
💥First Republic Bank sold to JPMorgan Chase & Co. 🚀Ethereum Gas Fees 153% 🚀 🚨 Drama time: H.E. Justin Sun vs Changpeng Zhao 🚨CBDC event by Blockchain DXB

🚨 Global crypto market at $1.16T. Tomorrow Federal Reserve Board Chair Jerome Powell is going to be announcing the interest rate hike, most likely 25bps. After the announcement are we going to see an increase in the price of #btc, #eth & #crypto? See slides 1 & 2

❗The 24hr volume of Uniswap has doubled since the last 24 hours❗
 

💥 First Republic Bank Is seized by regulators and sold to J.P. Morgan. As part of the deal, 84 First Republic branches in eight states reopened as JPMorgan branches on Monday More info via The New York Times here https://lnkd.in/eqdyF5ya
 

❗Let’s go, Brandon❗
- Biden said shareholders would lose their investments, but depositors would be protected after federal regulators seized First Republic Bank and sold it to JPMorgan Chase. For context, First Republic is the second-largest U.S. bank by assets 
 

💥 Check out Blockchain DXB’s Crypto & Coffee at 8 podcasts where we explore this in detail and explore how this impacts Bitcoin & Vice-versa. We discuss.
- Potential Impact on the Decision-Making Process for the US Debt Ceiling:
- Potential Impact on Hyperbitcoinization

🚀Ethereum Gas Fees
Bitcoin.com has reported that Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade on April 12th. In the last 30 days, on-chain fees have soared by over 153%, from a prior rate of $4.65 per transfer to a current average of $11.80 per transaction. The data highlights a substantial surge in the costs associated with Ethereum network transactions, indicating a notable increase in on-chain activity. Onchain Fees on Ethereum Network Soar by 153% in a Month, While Arbitrum’s Daily Transactions Exceed ETH Post-Shapella Upgrade https://lnkd.in/eHcYp3Gk

🔥 Justin Sun v CZ
Binance CEO CZ prevents Justin Sun from participating in the SUI token launch. Key information via Twitter
- https://lnkd.in/eWi7kk3m
- https://lnkd.in/e4_aj6qw

🔥 Justin Sun did apologize for the oversight & contacted the exchange team and arranged for a full refund of the funds. Listen to our episode where we explain the drama.
 

🚨 Two UAE news: (See slides)
⚡ Central Bank Digital Currency: The Basics, Threats to Freedom & Role in the Metaverse- 01st June 2023 Register via Eventbrite here https://lnkd.in/e2RSkyt5
⚡ Stablecoin from UAE, key considerations to issue stablecoin by Blockchain DXB
 

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