Top crypto tweets of the day – November 2nd

Ibiam Wayas 1 mins read Published November 2, 2022

Top crypto tweets of the day - November 2nd

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Fed’s Powell says it’s still early to consider paying inflation-taming moves

Jerome, pls https://t.co/xIN5BlEKFI pic.twitter.com/pMyC0i9Xpb
— db (@tier10k) November 2, 2022

[DB] Fed’s Powell: Data Suggests We May Ultimately Move to Higher Levels Than We Thought at Sept Meeting: RTRS
— db (@tier10k) November 2, 2022

Today’s 75 basis point rate hike may be the last hike of the year. By acknowledging the lag between rate hikes and #inflation, the #Fed gave itself the leeway to pause. Also, the Fed’s commitment to returning inflation to 2% over time does not indicate how much time it will take.
— Peter Schiff (@PeterSchiff) November 2, 2022

Binance launches an index of DOGE, BNB, and MASK

CZ invests $500m to help @elonmusk buy Twitter.

Then Binance launches a “Bluebird Index” comprising of $BNB, $DOGE and $MASK.

Is CZ hinting at these assets being used for Twitter payments (blue bird)? pic.twitter.com/bHne6gTsxY
— Miles Deutscher (@milesdeutscher) November 2, 2022

Bitcoin miner Iris in talks with attorneys for restructuring

Nasdaq-listed bitcoin miner Iris stated that bitcoin mining currently produce insufficient cash flow to service their respective debt financing obligations. Restructuring discussions with the lender remain ongoing. https://t.co/7yJzLabnOn
— Wu Blockchain (@WuBlockchain) November 2, 2022

Binance CEO may join the Twitter board if asked

Binance CEO would join Twitter board if Elon Musk asks https://t.co/GdLdS2bbXi
— Frank Chaparro (@fintechfrank) November 2, 2022

The Elon kind of Twitter?

White House: seniors are getting the biggest SS increase in 10 years.

Context-checkers: That’s because inflation is the highest it’s been in decades.

White House: *deletes tweet*

Welcome to @elonmusk‘s Twitter. pic.twitter.com/Zb9kMTy5Be
— Spike Cohen (@RealSpikeCohen) November 2, 2022

Binance may be considering a bank

$BNB 👀 pic.twitter.com/UtPAd0wp0b
— Bb (@bitbitcrypto) November 2, 2022

“There are people who hold certain types of local licenses, traditional banking, payment-service providers, even banks. We’re looking at those things,". “We want to be the bridge between crypto and the traditional, financial world.” @ web summit lisbon
— db (@tier10k) November 2, 2022

Elon discusses Doge payments on Twitter

“I’ll pay one #Dogecoin for this article” – @elonmusk talks about using #Doge as a payment method 😳🚀🌔 pic.twitter.com/PBmbzVQAvZ
— SlumDOGE Millionaire (@ProTheDoge) November 2, 2022

The two factors driving the ETH price

ETH price is primarily driven by network activity in two ways: demand for the token to participate in the network and more activity translating to deflationary supply.

The more subsectors that are built (NFTs, DeFi, GameFi) the higher the likelihood of an activity uptick.
— Will (@WClemente) November 2, 2022

The cynical take is that network activity just follows price. Maybe as real use cases are built this changes. It’s a chicken/egg type question, but once that feedback loop between network activity & price does get going, it likely accelerates quickly. For now, we keep observing.
— Will (@WClemente) November 2, 2022

Exchanges’ Bitcoin reserve keeps dropping

#Bitcoin Available on Exchanges still dropping at a rapid pace! 🔥👇 pic.twitter.com/EUtsgcSw8M
— Crypto Rover (@cryptorover) November 2, 2022

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Ibiam Wayas

Ibiam Wayas has covered the crypto news beat since 2019. He studied Computer Science at National Open University of Nigeria. His work has appeared on various crypto news platforms, including Coinfomania, Crypto News Australia, and AltcoinBuzz. Drawing on his background in Computer Science, he now focuses on crypto, robotics, and longevity news.

TABLE OF CONTENT

1. Fed’s Powell says it’s still early to consider paying inflation-taming moves

2. Binance launches an index of DOGE, BNB, and MASK

3. Bitcoin miner Iris in talks with attorneys for restructuring

4. Binance CEO may join the Twitter board if asked

5. The Elon kind of Twitter?

6. Binance may be considering a bank

7. Elon discusses Doge payments on Twitter

8. The two factors driving the ETH price

9. Exchanges’ Bitcoin reserve keeps dropping

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