Top crypto tweets of the day – November 4th

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.

They get it.
They get that their model will change.
They get decentralisation.
Don't underestimate them. https://t.co/7DbKj2WZqy

— Raoul Pal (@RaoulGMI) November 2, 2022

FTX and SBF need to answer three questions:
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

— Wu Blockchain (@WuBlockchain) November 4, 2022

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

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

1/ A SmartMoney arbitrage of nearly $6.5M in the $GALA attacking event, even more than the attacker's profit.

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

— Lookonchain (@lookonchain) November 4, 2022

2/ Then he transferred 21.1M $GALA ($674,701) to #Binance before Binance closed deposits and withdrawals, selling at about $0.032.

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

— Lookonchain (@lookonchain) November 4, 2022

[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

NEW: #Bitcoin will reach $250K by the middle of next year – Billionaire Tim Draper

— Bitcoin Archive (@BTC_Archive) November 4, 2022

👏 @BinanceUS https://t.co/zNbCHximIx pic.twitter.com/wZG4CR4arn

— CZ 🔶 BNB (@cz_binance) November 4, 2022

NEW: Walmart is now selling #Bitcoin miners on its website pic.twitter.com/KtE9ZQDRKw

— Bitcoin Magazine (@BitcoinMagazine) November 4, 2022