Best crypto memes of the day – August 9th

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• Attorney John Deaton stands firm on Ripple’s chances in SEC appeal

  TL;DR Breakdown Attorney and XRP supporter John Deaton is confident in the SEC’s appeal against Ripple, citing Judge Torres’s well-reasoned order as a strong foundation. Judge Torres categorized Ripple’s XRP sales into three groups and found substantial distinctions, impacting investors’ expectations. U.S. District Judge Jed Rakoff’s disagreement with Judge Torres’s approach in another case adds uncertainty to the pending appeal by the SEC. Description The famous attorney and avid XRP supporter, John Deaton, expresses confidence in the Securities and Exchange Commission (SEC) appeal against Ripple (XRP). He believes that Judge Analisa Torres’s well-reasoned order provides a solid foundation for a negative conclusion for the SEC. Citing a detailed thread that explains the judge’s decision, Deaton highlights the use of … Read more The famous attorney and avid XRP supporter, John Deaton, expresses confidence in the Securities and Exchange Commission (SEC) appeal against Ripple (XRP). He believes that Judge Analisa Torres’s well-reasoned order provides a solid foundation for a negative conclusion for the SEC. Citing a detailed thread that explains the judge’s decision, Deaton highlights the use of the Howey test…

  Article 2023年8月7日

• U.S. and South Africa are fighting over Russia – Details

  TL;DR Breakdown A diplomatic rift has occurred between the U.S. and South Africa, ignited by allegations made by U.S. Ambassador Reuben Brigety accusing South Africa of facilitating Russian arms dealings via the “Lady R”, a Russian merchant ship. The South African Department of International Relations and Cooperation (DIRCO) countered these claims, emphasizing that no arms sales to Russia were sanctioned during the time in question. South African President Cyril Ramaphosa initiated an independent inquiry to uncover the truth and reaffirmed South Africa’s non-aligned stance, expressing refusal to be drawn into disputes between global superpowers. The geopolitical landscape is heating up as the U.S. and South Africa find themselves in a diplomatic tussle, sparked by startling allegations over possible armament support to Russia. The center of this controversy is the “Lady R”, a mysterious merchant ship that has instigated a whirlwind of debate and diplomatic discord. An accusation ignites diplomatic discord Last week, U.S. Ambassador Reuben Brigety jolted the tranquility of diplomatic relations when he publicly accused Pretoria of facilitating Russian arms dealings via the “Lady R”, a Russian merchant ship…

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• Shibarium developers begin Ethereum bridge testing

  TL;DR Breakdown Shibarium developers have begun a testnet bridge that will allow transfers between two networks. Potential implications of the test for dog-themed tokens. Description Shibarium, an upcoming layer-2 network based on the SHIB token and built on the Ethereum blockchain, has unveiled a testnet bridge allowing token transfers between the two networks. The testnet currently supports only dummy assets, but it marks a significant step towards the implementation of a revolutionary cross-chain solution. Shibarium announces the public testing phase … Read more Shibarium, an upcoming layer-2 network based on the SHIB token and built on the Ethereum blockchain, has unveiled a testnet bridge allowing token transfers between the two networks. The testnet currently supports only dummy assets, but it marks a significant step towards the implementation of a revolutionary cross-chain solution. Shibarium announces the public testing phase Lucie, a pseudonymous marketing specialist representing the Shiba Inu ecosystem, announced the public testing phase, inviting enthusiasts to be among the first to experience the cross-chain functionality of Shibarium. As the 15th-biggest crypto asset by market cap, Shiba Inu (SHIB) is a…

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• Federal prosecutors accuse former FTX CEO’s defense team of biased juror selection

  TL;DR Breakdown Federal prosecutors have accused the defense team of Sam Bankman-Fried, former FTX CEO, of trying to bias potential jurors in his upcoming criminal trial through controversial voir dire questions. The prosecutors objected to specific questions that they claim are “unnecessarily intrusive” and could give the defense an unfair advantage, while the defense has raised concerns about the government’s conduct and overwhelming evidence. The trial, scheduled to begin on October 6, is already mired in controversies, including leaked writings from Bankman-Fried and disputes over jury selection, making it a high-stakes case in the cryptocurrency industry. Description Federal prosecutors in the Southern District of New York have accused the defense team of Sam Bankman-Fried, the disgraced former CEO of FTX, of attempting to bias potential jurors in the upcoming criminal trial. The prosecutors submitted a filing last Friday, requesting the presiding judge to discard a series of questions proposed by the defense … Read more Federal prosecutors in the Southern District of New York have accused the defense team of Sam Bankman-Fried, the disgraced former CEO of FTX, of attempting…

  Article 2023年9月18日

• China’s economy falls into deflation as consumer prices fall

  TL;DR Breakdown China’s economy is facing deflation, evidenced by the contraction of consumer prices for the first time in over two years. The government has established an inflation target of approximately 3% for the year, which has proven challenging. Description China’s economy is facing deflation, evidenced by the contraction of consumer prices for the first time in over two years. This development is a prominent illustration of policymakers’ difficulties in stimulating consumer spending.  In July, the consumer price index experienced a 0.3 percent year-on-year decrease, contrasting with the previous month’s status quo. Simultaneously, the producer … Read more China’s economy is facing deflation, evidenced by the contraction of consumer prices for the first time in over two years. This development is a prominent illustration of policymakers’ difficulties in stimulating consumer spending.  In July, the consumer price index experienced a 0.3 percent year-on-year decrease, contrasting with the previous month’s status quo. Simultaneously, the producer price index, which measures the prices of goods at the factory level, saw a significant decline of 4.4 percent in July. China’s inflation trajectory fell in July…

  Article 2023年8月9日