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Sui Network Officially Launches; Meme Coin Madness as PEPE Pumps and Dumps
The most valuable crypto stories for Wednesday, May 3, 2023.
ABOUT
This episode is sponsored by Ciphertrace.
"The Hash" tackles today's hot topics: Sui, a buzzy new layer 1 blockchain founded by ex-Meta Platforms employees, finally makes its debut. The White House is proposing a 30% tax on electricity used for crypto mining. French senators are proposing easing up on crypto ads by social media influencers. Plus, the new meme coin pepe (PEPE) is experiencing profit-taking after huge price spikes since its debut a few weeks ago.
See also:
White House Pushes for Punitive Tax on Crypto Mining
Sui Mainnet Goes Live as Crypto Project Takes on Aptos and DeFi Giants
Allow Influencers to Promote Registered Crypto Firms, French Senators Say
PEPE Meme Coin Liquidity Pool Becomes Most Active on Uniswap
Ciphertrace, a Mastercard company, helps banks, governments, regulators, exchanges and VASPs to trace the movement and risk of crypto funds, uncover illicit activity, and help comply with global regulations. Get in touch today to find out more at Ciphertrace.com.
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This episode has been edited by Ryan Huntington. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
HOSTS
Sam is CoinDesk's deputy managing editor for tech and protocols. His reporting is focused on decentralized technology, infrastructure and governance. Sam holds a computer science degree from Harvard University, where he led the Harvard Political Review. He has a background in the technology industry and owns some ETH and BTC. Sam was part of the team that won a 2023 Gerald Loeb Award for CoinDesk's coverage of Sam Bankman-Fried and the FTX collapse.

Zack Seward is CoinDesk’s contributing editor-at-large. Up until July 2022, he served as CoinDesk’s deputy editor-in-chief. Prior to joining CoinDesk in November 2018, he was the editor-in-chief of Technical.ly, a news site focused on local tech communities on the U.S. East Coast. Before that, Seward worked as a reporter covering business and technology for a pair of NPR member stations, WHYY in Philadelphia and WXXI in Rochester, New York. Seward originally hails from San Francisco and went to college at the University of Chicago. He worked at the PBS NewsHour in Washington, D.C., before attending Columbia’s Graduate School of Journalism.

Jennifer Sanasie is an executive producer and senior anchor at CoinDesk, with over a decade of journalism experience across the U.S., Canada, and South Africa. Beyond media, she has worked closely with Web3 companies on marketing, content, and business strategy.
Jennifer holds an MBA from the Rotman School of Management, a Master of Laws in Innovation and Technology from the University of Toronto, a BA in Media Studies from the University of Guelph, and a Journalism Diploma from Humber College.
She owns BTC, ETH, SOL, USDC, USDT, G7, and DCNT. She also holds a mix of NFTs, altcoins and memecoins worth under $1,000.

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