Top crypto tweets of the day – December 5th

[DB] Circle Terminates SPAC Plans

— db (@tier10k) December 5, 2022

https://t.co/9zOQth4HSC

— 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.arc (@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.arc (@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.arc (@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.arc (@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.arc (@jerallaire) December 5, 2022

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.

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

— Bitfinex’ed 🔥🐧 Κασσάνδρα 🏺 (@Bitfinexed) December 5, 2022

The problem was always #Alameda:

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.

— Duo Nine ⚡ YCC (@duonine) December 5, 2022

Meanwhile Caroline, Alameda CEO, is chilling in New York buying herself a coffee with user funds. pic.twitter.com/WXb0Xhi1y8

— Duo Nine ⚡ YCC (@duonine) December 5, 2022

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 artificial intelligence pic.twitter.com/ANIV6G2pzT

— Documenting ₿itcoin 📄 (@DocumentingBTC) December 4, 2022

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 (@BitcoinArchive) December 4, 2022

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.

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

— Willy Woo (@willywoo) December 5, 2022

#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 pic.twitter.com/50QpMdUDn8

— Anthony Pompliano 🌪 (@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

— Anthony Pompliano 🌪 (@APompliano) December 5, 2022

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.

Returning your funds is our highest priority and we are operating with the utmost urgency.

— Cameron Winklevoss (@cameron) December 5, 2022

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‘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 Intelligence (@SantimentData) December 5, 2022

NEW: Cryptocurrencies in final stages of bear market – Bloomberg Intelligence 🤑

— Bitcoin Archive (@BitcoinArchive) December 5, 2022