traxer 4PljbcYIzyE unsplash 1Circle terminates plans to go public via SPAC
[DB] Circle Terminates SPAC Plans
— db (@tier10k) December 5, 2022
— db (@tier10k) December 5, 2022
1/ Some big @circle news. This morning, we announced the termination of our proposed deSPAC transaction. While disappointing that we did not complete SEC qualification in time, we remain focused on building a long-term public company. https://t.co/R0XYfCFD54
— Jeremy Allaire (@jerallaire) December 5, 2022
2/ From my perspective, I believe that the SEC has been rigorous and thorough in understanding our business and many novel aspects of this industry. This kind of review is necessary to ultimately provide trust, transparency and accountability for major companies in crypto.
— Jeremy Allaire (@jerallaire) December 5, 2022
3/ We also today shared our high-level Q3 financial results, with $274M in revenue, $43M in Net Income, and ~$400M on our balance. We are strong, growing, profitable and in the best financial position we've ever been in.
— Jeremy Allaire (@jerallaire) December 5, 2022
4/ While there are a lot of challenges within the crypto and blockchain industry, I am of the very firm conviction that we are going to decisively leave the speculative value phase and enter the utility value phase, and stablecoins such as USDC will play a huge part.
— Jeremy Allaire (@jerallaire) December 5, 2022
5/ We are investing, building, growing, and working with a large and thriving ecosystem of companies and projects who are focused on bringing forward the vision of open, more inclusive and more efficient global financial system.
— Jeremy Allaire (@jerallaire) December 5, 2022
Massive 1INCH token unlock incoming
According to TokenUnlocks, 1INCH token will be unlocked in a large amount on December 30, the amount is 222,187,500 1INCH, accounting for 14.813% of the total supply, or about $112m. https://t.co/8ktk9BgkZS
— Wu Blockchain (@WuBlockchain) December 5, 2022
BlockFi & Tether. Same energy
BlockFi & Tether. Same energy.
— Bitfinex'ed 🔥🐧 Κασσάνδρα 🏺 (@Bitfinexed) December 5, 2022
Tethers risk management is so good, they haven't been able to provide an audit for over six years, and have lost hundreds of millions of dollars due to bank fraud and money laundering, covering up the losses until the NYAG made the losses public. pic.twitter.com/YJ7udqlchm
Alameda was the problem
The problem was always #Alameda:
— Duo Nine ⚡ YCC (@DU09BTC) December 5, 2022
1️⃣ User deposits #BTC to #FTX
2️⃣ Alameda borrows said BTC in exchange for #FTT
3️⃣ Alameda gambles and loses said BTC
4️⃣ FTT collateral is useless, #FTX is insolvent
5️⃣ Users withdrawals stop#FTX was a cash cow for Alameda, not an exchange.
Meanwhile Caroline, Alameda CEO, is chilling in New York buying herself a coffee with user funds. pic.twitter.com/WXb0Xhi1y8
— Duo Nine ⚡ YCC (@DU09BTC) December 5, 2022
Bitcoin could slide to $5,000 says Standard Chartered strategist
A further Bitcoin plunge of about 70% to $5,000 next year is among the “surprise” scenarios that markets may be “under-pricing,” according to Standard Chartered Banks's Global Head of Research. He also said gold could rise 30%. https://t.co/FGYhWYaVIj
— Wu Blockchain (@WuBlockchain) December 5, 2022
The story of Bitcoin written by A.I
The story of #bitcoin written by artificial intelligence pic.twitter.com/ANIV6G2pzT
— Documenting ₿itcoin 📄 (@DocumentingBTC) December 4, 2022
Bitcoin signature from January 2009 was recently posted by an anonymous forum member
NEW: #Bitcoin signature from January 2009 was recently posted by an anonymous forum member – dated just 1 week after Bitcoin launched. 👀 pic.twitter.com/v1ztcbPes2
— Bitcoin Archive (@BTC_Archive) December 4, 2022
DCG / Genesis fears are a bearish cloud hanging over the market
The GBTC / DCG / Genesis fears is a bearish cloud hanging over the market. But counterintuitively part of the impact has been bullish for BTC price.
— Willy Woo (@woonomic) December 5, 2022
37.5% of people who sold GBTC bought spot BTC to take custody. Selling GBTC does not impact BTC price, buying spot does. https://t.co/wUh5m8OVrm
Twitter is working on coins
#Twitter is working on Coins! pic.twitter.com/67upjUn37D
— Nima Owji (@nima_owji) December 3, 2022
Let's take a closer look at Twitter Coin! pic.twitter.com/ApryXh80tj
— Nima Owji (@nima_owji) December 3, 2022
The global population has gone parabolic
The global population has gone parabolic pic.twitter.com/50QpMdUDn8
— Pomp 🌪 (@APompliano) December 5, 2022
The births per woman globally are falling at a concerning rate, so it leads to questions about future total population growth. https://t.co/MIMzYC6JXU pic.twitter.com/MeR5aHTsLa
— Pomp 🌪 (@APompliano) December 5, 2022
AI answers how CZ built the largest crypto exchange, Binance
Where is this OpenAi chat? I thought the answer was: luck. 😆
— CZ 🔶 BNB (@cz_binance) December 5, 2022
Gemini formed an ad hoc committee
Earn Update: On Saturday (December 3, 2022), Gemini formed an ad hoc committee with other creditors (Creditor Committee) to coordinate efforts and advocate together for a resolution.
— Cameron Winklevoss (@cameron) December 5, 2022
Kirkland & Ellis has been engaged as counsel by the Creditor Committee to advocate on its behalf.
— Cameron Winklevoss (@cameron) December 5, 2022
Returning your funds is our highest priority and we are operating with the utmost urgency.
To appease the lawyers, I must clarify that whenever Gemini is referenced in relation to Earn users, it is acting as agent on their behalf. This is true for all tweets and messages, unless stated otherwise. Thanks
— Cameron Winklevoss (@cameron) December 5, 2022
Bitcoin small addresses plummet
🦐 #Bitcoin's micro addresses, holding 0.01 $BTC or less, have shown extremely unusual behavior since the #FTX implosion news broke on Nov 7th. 1,288 new addresses were created until the 17th. Then, addresses suddenly sunk rapidly with 2,355 falling since. https://t.co/jXuINdEM9Q pic.twitter.com/0E73a6Lw5T
— Santiment (@santimentfeed) December 5, 2022
Crypto is in final stage of the bear market
NEW: Cryptocurrencies in final stages of bear market – Bloomberg Intelligence 🤑
— Bitcoin Archive (@BTC_Archive) December 5, 2022
From Zero to Web3 Pro: Your 90-Day Career Launch Plan
