Web2 firms are gradually repositioning for Web3
Ive been talking about this for a while – I know personally every major big Web 2 platform has a Web 3 strategy they are rolling out.
— Raoul Pal (@RaoulGMI) November 2, 2022
They get it.
They get that their model will change.
They get decentralisation.
Don't underestimate them. https://t.co/7DbKj2WZqy
FTX and Alameda reserve saga
FTX and SBF need to answer three questions:
— Wu Blockchain (@WuBlockchain) November 4, 2022
1. $8 billion liabilities of alameda, how much lent by FTX, how much is credit loan without collateral？
2. How much of $2.16 billion in "FTT collateral" lent by FTX?
3. Is Money lent to Alameda by FTX from its own funds or others? https://t.co/zMzncjmiXq
CoinDesk's report shows the opaque complex relationship between Alameda and FTX. Alameda has serious problems with high leverage and a very dangerous balance sheet composition. The excessive concentration of SOL/FTT poses a collateral risk to Defi/Cefi.
— Wu Blockchain (@WuBlockchain) November 4, 2022
While many people compare SuZhu to SBF, but another very similar relationship is actually Tether Bitfinex and Alameda FTX. Tether has made a lot of progress in transparency, and SBF should issue regular, open and transparent audit reports.
— Wu Blockchain (@WuBlockchain) November 4, 2022
Is MicroStrategy’s Bitcoin investment a bad bet?
Someone made a website to track what MSTR would have made if they longed ETH instead of BTC and it turns out they would be up $1.47 billion instead of down -$1.35 billion lmaooo pic.twitter.com/CKOqLLPKog
— Eric Wall | CVE-2023-50428 (@ercwl) November 4, 2022
Noooo it’s a sin noooo it should be illegal noooo lmao pic.twitter.com/xoQdNxnywB
— Eric Wall | CVE-2023-50428 (@ercwl) November 4, 2022
Arbitrage dump on GALA
1/ A SmartMoney arbitrage of nearly $6.5M in the $GALA attacking event, even more than the attacker's profit.
— Lookonchain (@lookonchain) November 4, 2022
Just 20 minutes after the attacker dumped, he started buying $GALA from the #PancakeSwap pool.
He bought a total of 406.9M $GALA, the cost is only $120,380. pic.twitter.com/eW5IvOw2d8
2/ Then he transferred 21.1M $GALA ($674,701) to #Binance before Binance closed deposits and withdrawals, selling at about $0.032.
— Lookonchain (@lookonchain) November 4, 2022
And transferred 385.8M $GALA ($5.79M) to #Huobi, selling at about $0.015.
He made a total profit of $6.5M!https://t.co/jz2vGqtmEF pic.twitter.com/nxV2G6kc1A
Twitter halts plans for crypto wallet integration, fires staff
[DB] Twitter Pauses Crypto Wallet Plans: Platformer
— db (@tier10k) November 3, 2022
BREAKING: Elon Musk fires 50% of Twitter staff.
— Watcher.Guru (@WatcherGuru) November 4, 2022
Tim Draper says Bitcoin will reach $250k next year
NEW: #Bitcoin will reach $250K by the middle of next year – Billionaire Tim Draper
— Bitcoin Archive (@BTC_Archive) November 4, 2022
Binance leads exchanges’ trading volume in Q3
👏 @BinanceUS https://t.co/zNbCHximIx pic.twitter.com/wZG4CR4arn
— CZ 🔶 BNB (@cz_binance) November 4, 2022
Walmart is now selling Bitcoin mining machines
NEW: Walmart is now selling #Bitcoin miners on its website pic.twitter.com/KtE9ZQDRKw
— Bitcoin Magazine (@BitcoinMagazine) November 4, 2022
