Top crypto tweets of the day – June 13th

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• FDIC says it messed up with First Republic Bank – This is why

  TL;DR Breakdown The FDIC acknowledges oversight failures in the near-collapse of First Republic Bank. First Republic’s unchecked rapid growth, reliance on uninsured deposits, and inability to handle interest rate risks were evident vulnerabilities. Despite these red flags, FDIC gave the bank top ratings for liquidity risk management in 2021. Description The financial landscape faced another jolt this year when First Republic Bank teetered on the brink of collapse. But as fingers are pointed and accountability sought, the Federal Deposit Insurance Corporation (FDIC) admits its role in the debacle. A Missed Beat in Regulation California’s gem, First Republic, once the epitome of banking prowess, spiraled into … Read more The financial landscape faced another jolt this year when First Republic Bank teetered on the brink of collapse. But as fingers are pointed and accountability sought, the Federal Deposit Insurance Corporation (FDIC) admits its role in the debacle. A Missed Beat in Regulation California’s gem, First Republic, once the epitome of banking prowess, spiraled into chaos, culminating in its near-demise this year. The root cause? A lack of confidence in the market…

  Article 2023年9月9日
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  CryptoSlate wMarket Update: Litecoin re-enters top 10 amid wider market weakness

  The cryptocurrency market saw net outflows of $17.6 billion over the last 24 hours and currently stands at $1.13 trillion — down 1.5% from $1.14 trillion. During the reporting period, the Bitcoin (BTC) and Ethereum (ETH) market caps fell 1.4% and 1% to $523.55 billion and $218.09 billion, respectively. Most of the top 10 crypto assets posted losses over the last 24 hours except TRON, up 0.3%, and Litecoin, gaining 2.1% to re-enter the top 10, ousting Polkadot. The biggest losers were Solana and Polygon, down 2.4% and 1.9%, respectively. Source: CryptoSlate.com The market cap of Tether (USDT) grew to $82.84 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $29.80 billion and $5.56 billion, respectively. Bitcoin In the last 24 hours, Bitcoin fell 1.4% to trade at $27,018 as of 07:00 ET. Its market dominance stayed flat at 46.5%. During the reporting period, BTC hit a peak price of $27,660 before trending down to find support at $26,860 by Monday evening (ET). A muted recovery topped at $27,250, leading to a further spill. Source: TradingView.com Ethereum…

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• Germany pushes for universal crypto oversight

  TL;DR Breakdown Germany emphasizes the need for global, consistent cryptocurrency regulations. European Union’s MiCA is a significant step, but localized rules are inadequate. Rupert Schaefer of BaFin likens crypto assets to unidentified flying entities needing monitoring. Description Amid the accelerated embrace of cryptocurrency regulations within the European Union, a pivotal voice emerges from the heart of Europe – Germany. The nation, known for its economic leadership, is making it clear: localized rules aren’t enough. It’s time to bring the world under a consistent and all-encompassing cryptocurrency regulatory umbrella. The EU’s Leap and … Read more Amid the accelerated embrace of cryptocurrency regulations within the European Union, a pivotal voice emerges from the heart of Europe – Germany. The nation, known for its economic leadership, is making it clear: localized rules aren’t enough. It’s time to bring the world under a consistent and all-encompassing cryptocurrency regulatory umbrella. The EU’s Leap and the World’s Lag While the European Union exhibited proactive measures with the approval of Markets in Crypto-Assets (MiCA), this landmark achievement doesn’t suffice. It’s a sentiment echoed by Rupert Schaefer,…

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• NFT Adoption Accelerated: Flare Networks Collaborates with AI Startup Atriv

  TL;DR Breakdown Flare Networks and Atriv have formed a strategic partnership to promote the widespread adoption of NFTs. By leveraging Atriv’s AI-powered digital platform. The integration between Flare Networks and Atriv creates a mutually beneficial alliance. Artists, businesses, and collectors will benefit from increased accessibility to the NFT space, Description Flare Networks, a decentralized oracle service provider backed by Ripple, has announced a strategic partnership with Atriv, an innovative AI-powered digital platform. Atriv’s cutting-edge technology aims to accelerate the adoption of Non-Fungible Tokens (NFTs) by introducing a user-friendly, no-code prompt-generating NFT platform to the Flare network. This collaboration marks an important step towards enhancing accessibility … Read more Flare Networks, a decentralized oracle service provider backed by Ripple, has announced a strategic partnership with Atriv, an innovative AI-powered digital platform. Atriv’s cutting-edge technology aims to accelerate the adoption of Non-Fungible Tokens (NFTs) by introducing a user-friendly, no-code prompt-generating NFT platform to the Flare network. This collaboration marks an important step towards enhancing accessibility and simplifying the process of creating and tokenizing digital artwork. By leveraging Flare Networks’ diverse ecosystem and…

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• Binance clients rally behind enigmatic representative ‘Eeon’ in SEC lawsuit

  TL;DR Breakdown Representative “Eeon” has emerged, claiming to speak on behalf of Binance clients in a securities lawsuit. Eeon and affected consumers argue that the court’s decision did not adequately consider their interests. The lawsuit involves indictments filed against Binance with the SEC, aiming to limit the exchange’s access to U.S. funds. Description In an unexpected turn of events, a representative named “Eeon” has emerged, claiming to speak on behalf of Binance clients and intervening in a securities lawsuit involving the popular cryptocurrency exchange. Eeon and the affected consumers argue that their interests were not adequately considered in the court’s decision, which designated them as “Customers” in an … Read more In an unexpected turn of events, a representative named “Eeon” has emerged, claiming to speak on behalf of Binance clients and intervening in a securities lawsuit involving the popular cryptocurrency exchange. Eeon and the affected consumers argue that their interests were not adequately considered in the court’s decision, which designated them as “Customers” in an order on June 17, 2023. The matter concerns indictments filed against Binance with the…

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