Best Twitter threads of the day – May 24th

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• Uniswap lawsuit over fraudulent token sales dismissed by federal judge

  TL;DR Breakdown A federal judge in New York dismissed a class-action lawsuit against decentralized exchange Uniswap, ruling that the platform was not liable for fraudulent token sales conducted on it. The judge emphasized that due to Uniswap’s decentralized nature, the identities of fraudulent token issuers were unknown, leaving the plaintiffs with no identifiable defendant to blame for their losses. Description A federal judge in New York has dismissed a class-action lawsuit against Uniswap, ruling that the decentralized exchange was not liable for fraudulent token sales conducted on its platform. The decision has far-reaching implications for the DeFi sector and the application of existing securities laws. The lawsuit had accused Uniswap of being complicit in fraud … Read more A federal judge in New York has dismissed a class-action lawsuit against Uniswap, ruling that the decentralized exchange was not liable for fraudulent token sales conducted on its platform. The decision has far-reaching implications for the DeFi sector and the application of existing securities laws. The lawsuit had accused Uniswap of being complicit in fraud and violating securities laws by facilitating the…

  Article 2023年8月31日

• Pepe price analysis: PEPE market surges as bullish activity takes the lead

  TL;DR Breakdown Pepe price analysis shows a bullish market sentiment. PEPE is trading at $0.000001493, up by 2.39 percent. Resistance for PEPE is present at $0.000001523. The recent Pepe price analysis shows an increase in market activity, with PEPE trending upwards over the past 24 hours. PEPE’s price action has been relatively bullish, having established a new daily high of $0.000001523. PEPE is trading at $0.000001493, up by 2.39 percent from its 24-hour low of $0.000001428. The support level for PEPE is currently at $0.000001430, while the resistance level is at $0.000001523. The support level is acting as a buffer for PEPE’s price action, but it is also important to note that the market sentiment remains bullish. The resistance level is also providing a barrier to the upward trend, which could signal a potential reversal in the near future if the selling pressure persists. The market capitalization for PEPE is currently at $585 million USD, up by 2.42 percent from its yesterday’s close. The trading volume for the past 24 hours has reached a peak of $132 million USD, with…

  Article 2023年5月30日

• Justin Bieber’s BAYC NFT investment plummets, losing $1.2 million

  TL;DR Breakdown Justin Bieber has incurred a significant loss as his Bored Ape Yacht Club (BAYC) NFT investment plummets by over 95%. NFTs, blockchain-based digital assets, have attracted celebrity endorsements and investments, but their market is known for volatility. Despite the loss, Bieber’s diversified income streams may help offset the impact, and his substantial net worth provides some financial cushion. Description Global pop superstar Justin Bieber has suffered a significant financial blow in the volatile world of non-fungible tokens (NFTs). Bieber’s investment in a Bored Ape Yacht Club (BAYC) NFT, initially valued at $1.3 million, has depreciated by over 95%, resulting in a staggering loss of approximately $1.2 million. Currently, the BAYC NFT is worth $59,090. … Read more Global pop superstar Justin Bieber has suffered a significant financial blow in the volatile world of non-fungible tokens (NFTs). Bieber’s investment in a Bored Ape Yacht Club (BAYC) NFT, initially valued at $1.3 million, has depreciated by over 95%, resulting in a staggering loss of approximately $1.2 million. Currently, the BAYC NFT is worth $59,090. NFTs, which are unique digital assets…

  Article 2023年7月6日

• Tech CEOs urge US to rethink China restrictions

  TL;DR Breakdown US tech leaders from Intel, Nvidia, and Qualcomm have expressed concern to the Biden administration about the effect of export restrictions to China on the American chip industry’s global leadership. These discussions occurred in the midst of increasing US-China tensions, which are forcing tech companies to limit their operations in their largest market, China. Executives argued that existing regulations limiting the export of AI hardware to China haven’t slowed China’s AI development as intended. Description In a bid to potentially reshape the United States’ stance on export restrictions to China, top tech executives recently aired their concerns to key Biden administration officials. Executives from Intel, Nvidia, and Qualcomm highlighted the potential risks to America’s leadership position in the chip industry and encouraged the administration to reconsider the ramifications of these … Read more In a bid to potentially reshape the United States’ stance on export restrictions to China, top tech executives recently aired their concerns to key Biden administration officials. Executives from Intel, Nvidia, and Qualcomm highlighted the potential risks to America’s leadership position in the chip industry…

  Article 2023年7月23日

• Australia adopts a tech-agnostic approach to define digital assets

  TL;DR Breakdown Australian Treasury has said that it will take a tech-agnostic approach toward defining digital assets. The country continues to carve a clear regulatory path. Description In a move aimed at establishing a comprehensive framework for digital assets, the Australian Treasury has announced that it will adopt a “tech agnostic” and “principles-based” approach to define and classify crypto assets. The initiative, known as token mapping, seeks to provide clarity and structure in understanding the function and purpose of various tokens within … Read more In a move aimed at establishing a comprehensive framework for digital assets, the Australian Treasury has announced that it will adopt a “tech agnostic” and “principles-based” approach to define and classify crypto assets. The initiative, known as token mapping, seeks to provide clarity and structure in understanding the function and purpose of various tokens within the cryptocurrency ecosystem. Australia wants to group assets by their unique characteristics Trevor Power, an assistant secretary at the Australian Treasury, revealed during Australian Blockchain Week that the token mapping framework would focus on categorizing tokens based on their unique…

  Article 2023年6月28日