A Coinbase newsletter said meme coins allow investors to make big profits in a short period of time but warned of long-term investing in these tokens. Source: https://www.coindesk.com/business/2023/05/11/coinbase-newsletter-flags-rise-of-pepecoin-and-brc-20-tokens-irks-crypto-twitter/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ALSO: Bitcoin needs a compelling narrative to break from its current range, but that likely will not occur until next year, says the CEO of Web3 bond-market platform Umee. …

The number of staked ether has climbed to 19.55 million, a new all-time high, as ETH staking deposits surpassed withdrawals. Source: https://www.coindesk.com/markets/2023/05/10/ether-selling-pressure-post-shanghai-upgrade-was-non-event-says-nansen/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The plan to implement fees on all of Uniswap’s version two liquidity pools, and some of its version three pools, would funnel money to the protocol’s treasury and token …

The largest of the claims includes a $20.4 billion claim against Alameda Research LLC, which details nearly $20 billion in unpaid partnership taxes. Source: https://www.coindesk.com/business/2023/05/10/us-internal-revenue-service-files-claims-worth-44-billion-against-ftx-bankruptcy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/consensus-magazine/2023/05/10/if-bitcoin-cant-handle-a-few-jpegs-how-can-it-handle-the-world/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The collection, which encourages holders to practice the “Joy of Missing Out,” will donate primary sale profits across five mental health organizations in honor of May’s Mental Health Awareness …

The abrupt exit of Jane Street and Jump, two crucial cryptocurrency market makers, has the potential to disrupt the liquidity flow across the industry, according to a Kaiko analyst. …

Even so, it remains the dominant centralized exchange in the industry. Source: https://www.coindesk.com/markets/2023/05/10/crypto-exchange-binance-trading-volume-fell-almost-50-in-april/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Officials are optimistic finance ministers will formally agree on laws allowing the sharing of information on crypto and NFT holdings between tax authorities next week. Source: https://www.coindesk.com/policy/2023/05/10/new-rules-on-sharing-crypto-tax-data-unanimously-supported-by-eu-members/?utm_medium=referral&utm_source=rss&utm_campaign=headlines