Over two trillion Pepe coins were acquired by three cryptocurrency “whales” for a total of more than $4 million. Currently, Pepe is worth $0.00000185, which is a decline of 56.97% from its all-time high price of $0.00000431. At a cost of 2.1 ETH ($4,410), SmartMoney purchased 4 trillion PEPE and made $1.71 million. He currently owns 700 billion PEPE worth $808,00 and sold some of it for $906,000. News Sorce

The total value locked (TVL) in liquid staking derivatives (LSDs) has risen by 441,110 Ether, amounting to $793 million. Lido Finance leads the market with 74.35% of the TVL, while Rocket Pool and Frax Ether have gained 34% to 42% in the last 30 days. With 622,633 ETH locked, Rocket Pool is closing in on Coinbase in terms of staked ETH, whereas Frax Ether only has 187,551 ETH locked. To surpass Coinbase’s staked ETH locked within the protocol, Rocket Pool’s deposits would have to increase by 84%. Sorce News

Following community acceptance, BitDAO recommends replacing BitDAO’s token (BIT) with a new governance token, Mantle. Governance and treasury management will remain unaltered, but BIT holders will have to convert their tokens to the new token. Mantle’s mainnet launch is scheduled in the following weeks. BitDAO provides token-conversion rules and ratios that are equally applicable to all tokenholders. It also intends to strengthen its tokenomics by hastening donations and remaining vesting schedules from the time of its introduction in 2021. The idea is out for voting until May 19, and it has received 100% approval from over 25 million BIT votes. News Sorce

Popular cryptocurrency analyst Credible Crypto thinks that Bitcoin is probably on the verge of laying the groundwork for a meteoric rise. He believes that over the next two months, Bitcoin will likely consolidate within a constrained trading range before surging to record highs. He anticipates BTC to surpass $70,000 by the end of this year and reach a new all-time high before 2024. According to co-founder and former CEO of BitMEX Arthur Hayes, the Federal Reserve’s anticipated 25 basis point interest rate increase will cause Bitcoin to soar to $1 million. He also thinks that the loan book of the next failing bank will be heavily dominated by illiquid commercial real estate loans. Hayes has been consistent in his $1 million Bitcoin predictions. News Sorce

Due to the increase in the staking rewards rate, Ethereum validators’ earnings increased to $46 million in the first week of May. This was primarily caused by the frenzied trading of Pepe (PEPE), a brand-new digital currency with a meme theme. The Ethereum network’s average fees have surpassed 100 gwei, which has resulted in higher fee income for validators who also receive regular validator rewards in addition to payment for processing transactions. Ethereum staking rewards reached an annual yield of 8.6% earlier this month, and validators are required to stake a minimum of 32 ETH, worth $58,000. In less than a month, PEPE experienced a remarkable boom that propelled it into the top 100 digital assets by market capitalization. News Sorce

On Wednesday, Tron increased by almost 2% despite a slight decline in the global market capitalization. The price of Polygon, the tenth-largest cryptocurrency in the world, reached a five-month low. Under resistance at 60.00, the relative strength index (RSI) is currently tracking at 59.67. The tenth-largest cryptocurrency in the world, MATIC, has dropped for five days in a row and is currently trading at $0.8723, just above its previous lows. News Sorce

A bill that would enable some stablecoins to be accepted as payment for bail bonds has been introduced by a New York lawmaker. The bill seeks to include the class of digital assets with fiat collateral in the state’s criminal procedure law. It’s unclear which significant “fiat-collateralized stablecoins” would fall under this new definition and whether any stablecoins would be rejected by New York authorities. The legislation was introduced less than a week after New York Attorney General Letticia James suggested new rules that would give city authorities more control over cryptocurrency exchanges. News Sorce