Best Twitter threads of the day – June 2nd

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  TL;DR Breakdown The Federal Reserve’s losses have surged past $100 billion, causing significant concern. Predictions suggest this could rise to between $150 billion and $200 billion soon. These losses stem from the Fed’s aggressive interest rate hikes and its bond-buying spree during the pandemic. Description Recent data paints a startling picture for the Federal Reserve as its losses have alarmingly surged past the $100 billion mark. For a financial institution of its caliber, such a figure sends shockwaves across economic landscapes. The real kicker? Predictions suggest the worst is yet to come. The Road Ahead Looks Even Rougher Experts are … Read more Recent data paints a startling picture for the Federal Reserve as its losses have alarmingly surged past the $100 billion mark. For a financial institution of its caliber, such a figure sends shockwaves across economic landscapes. The real kicker? Predictions suggest the worst is yet to come. The Road Ahead Looks Even Rougher Experts are chiming in with rather grim projections. Analyst William English, previously part of the central bank’s inner circle and now sharing his wisdom…

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• Reddit NFT collection approaches 10 million amid spiraling growth

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• US Government splurges $12.7B to save 10 wealthy depositors

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• A closer look at the Arnaults’ succession: Will LVMH be under pro-crypto leadership?

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• Worldcoin anticipates more firms to integrate in H2 2023

  TL;DR Breakdown Tiago Sada, the head of product at Tools for Humanity, the entity behind Worldcoin, expressed optimism about the upcoming months, foreseeing an acceleration in integrations with various platforms. He made it clear that Worldcoin does not intend to replace traditional identification documents like passports or driver’s licenses; rather, it is designed to complement them. Regarding inquiries from governments, Sada revealed that several governments have approached the project in recent months to understand the protocol better.  Description Ever since its launch on July 24, Worldcoin has been under the spotlight, capturing the attention of users who are eagerly embracing its innovative approach to digital identity verification through iris scans. However, alongside this enthusiasm, there are also concerns emerging regarding its data collection methods. The central premise of Worldcoin revolves around offering users … Read more Ever since its launch on July 24, Worldcoin has been under the spotlight, capturing the attention of users who are eagerly embracing its innovative approach to digital identity verification through iris scans. However, alongside this enthusiasm, there are also concerns emerging regarding its data…

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