Crypto and NFT Market Update – May 8th

Welcome to The Daily Forkast, May 8, 2023, presented by Jeff Cheung for the latest in the crypto markets.

Binance halted Bitcoin withdrawals twice today as a result of an influx of pending transactions and sky-rocketing fees.

The Ethereum Foundation sold US$30 million worth of Ethereum to Kraken as well, leading to slight dips in ETH’s price tag.