Episode Details

May the 04th be with you: Crypto & Coffee at 8
🚨FOMC: 25bps 🔻bitcoin🔻 Binance BUSD market cap🔻 Robert F. Kennedy Jr, crypto-friendly President? 👀 Balaji Srinivasan. closes Bitcoin bet of $1m ❗PEPE the meme coin king❗

💥Federal Reserve Board chair Jerome Powell started the FOMC meeting by saying that “Conditions in the banking sector have improved since early March & the US banking system is sound and resilient” followed by an increase in an interest rate hike by 25pbs. We strongly recommend watching the full video here https://lnkd.in/d6gYaC_Q Some crucial Q & A session about the First Republic, Federal Deposit Insurance Corporation (FDIC)

🔥 How did Bitcoin react to the news?
- BTC was down about 1% after the announcement, it’s important to note its the10th rate hike in over a year
- Binance BUSD market cap is now below $6B, reduced by over 50% since the last 3 months

🚨 Check out Blockchain DXBs crypto & coffee at 8 podcasts where we cover this news in detail

🔥Democratic presidential candidate Robert Kennedy Jr. is criticizing The White House effort to establish a 30% tax for crypto mining in the U.S.the latest presidential candidate and a member of one of the most famous U.S. political families raised a number of crypto issues in his newly announced campaign to challenge Joe Biden. He also mentioned via Twitter “Cryptocurrencies, led by bitcoin, along with other crypto technologies are a major innovation engine”. and more here https://lnkd.in/dr99-_GQ More info via CoinDesk here https://lnkd.in/dTeq2cqN

👀 Market manipulation by Balaji S.?
Balaji S. former CTO of Coinbase on May 02nd said the bet had been “closed out by mutual agreement” 45 days ahead of time. Details via his Twitter here https://lnkd.in/di_CGN_H Could this have been market manipulation by him all along? Security Exchange Commission U.S. Securities and Exchange Commission

Time line of price per #BTC
17th March $24,628 (Open bet)
02nd May $28,638 (Close bet)
- 1st Create demand by publicly announcing the bet
- 2nd People buy Bitcoin (based on his bet)
- 3rd Price of Bitcoin increase
- 04th Balaji S. existing net worth in #BTC increases
- 05th Close the bet ( pay more, blame the government, act concerned for the economy, take the profit & chill)

🔥 PEPE the new meme coin king!
It has skyrocketed 2300% in the last 30 days & surpassed Dogecoin In Trading Volume. it has also entered the market’s top 100 largest cryptocurrencies, with a market capitalization of $582 million. Even 

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