Best Twitter threads of the day – May 22nd

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  TL;DR Breakdown Bitcoin mining firm Riot Platforms have posted a much improved Q2 performance. Increased Bitcoin production and hash rate capacity boost revenue. Description Colorado-based Bitcoin mining company Riot Platforms has reported a significant reduction in its net loss for the second quarter of 2023, marking a positive turn in its financial performance. The firm’s strategic efforts to ramp up Bitcoin production and enhance hash rate capacity contributed to this improved outlook. Riot Platforms posts a net loss of … Read more Colorado-based Bitcoin mining company Riot Platforms has reported a significant reduction in its net loss for the second quarter of 2023, marking a positive turn in its financial performance. The firm’s strategic efforts to ramp up Bitcoin production and enhance hash rate capacity contributed to this improved outlook. Riot Platforms posts a net loss of $27.7 million in Q2 In its latest financial report released on August 9, Riot Platforms revealed a narrowed net loss of $27.7 million for the second quarter, a substantial improvement compared to its net loss of $353.5 million during the same period in…

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• Euro’s troubles unveil Europe’s economic fears

  Description Europe’s economic backbone seems to be creaking under the weight of the recent struggles faced by the Euro. And while the European Central Bank’s (ECB) unprecedented decision to hike the deposit rates to 4% — the highest in the Euro’s history — might have aimed to strengthen the currency, it only deepened the turmoil, leaving … Read more Europe’s economic backbone seems to be creaking under the weight of the recent struggles faced by the Euro. And while the European Central Bank’s (ECB) unprecedented decision to hike the deposit rates to 4% — the highest in the Euro’s history — might have aimed to strengthen the currency, it only deepened the turmoil, leaving investors wary of the economic landscape in Europe. Defying Expectations: Euro’s Unexpected Decline Traditionally, a rise in rates spells good news for currencies. The underlying logic is simple: higher interest rates should attract more foreign capital, hence boosting the currency’s value. But, the Euro’s story didn’t play out this way. It was a blow, not just to the common man but to market analysts too. Just…

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• Why is the crypto market up today? BTC at $30k

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• Top crypto tweets of the day – June 5th

  Contents hide 1 US SEC Sues Binance and CEO Zhao for Breaking US Securities Rules 2 Binance’s outflow spikes after SEC suit 3 The end goal of the US crypto crackdown is an agenda-based CBDC, says Cardano founder 4 BNB, and other major altcoins take a hit amid SEC Binance lawsuit 5 SEC names SOL, ADA, MATIC, FIL, ATOM, and others as securities 6 BTC and ETH’s long-term volatility hit 2-year low 7 BNB market depth on Binance has more than halved since news of the SEC lawsuit 8 Jeffrey Wilcke, one of the Ethereum co-founders, just sent 22k ETH to Kraken 9 Atomic Wallet had a malicious update that sent your private keys to an attacker once you opened the app 10 Debt Ceiling raised, $1T in new bonds to hit the market US SEC Sues Binance and CEO Zhao for Breaking US Securities Rules Bloomberg reported that the US SEC Sues Binance and CEO Zhao of Breaking US Securities Rules. https://t.co/d4blJA2chv Earlier, the U.S. CFTC sued Binance and its CEO Zhao for violating U.S. derivatives rules. Today’s media…

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• JPMorgan has big plans for its JPM token – Details

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