Best Twitter threads of the day – August 9th

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  TL;DR Breakdown Avalanche price analysis is bearish today. The resistance for cryptocurrency is found at $14.7. The support for AVAX is present at $13.7. The latest Avalanche price analysis reveals bearish results for the day, with the price suffering yet another loss. Continuing the downtrend that initiated on May 24, 2023, the price has now decreased by $14. The short-term trend line slopes downwards, indicating the prevailing influence of bears. As the price continues its downward trajectory, it has now reached its lowest point in the past four months. AVAX/USD 1-day price chart: AVAX price takes a bearish slide, dropping to $14 in value Today, the 1-day Avalanche price analysis chart continues its bearish movement, following a prolonged period of losses. The AVAX/USD price has now reached its lowest point in the past four months, plummeting to $14. The last time the coin was at this price level was on January 11, 2023, when it experienced a sudden spike. However, today it has declined after remaining above this level for over four months. Over the last 24 hours, the coin…

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• Atomic Wallet efforts to track and revert stolen funds

  TL;DR Breakdown Atomic Wallet and blockchain investigators have been working diligently to track and return the stolen funds. The company claims that less than 1% of its monthly active users were affected. Despite the Company’s official announcement, some users were still reporting losses at the time of writing. A recent hack targeting Atomic Wallet resulted in the theft of $35 million from its users since June 2. However, the company claims that less than 1% of its monthly active users were affected. Following the attack, Atomic Wallet and blockchain investigators have been working diligently to track and return the stolen funds. Exploiting the situation, several verified scam Twitter accounts impersonated Atomic Wallet and shared phishing links, falsely promising to assist users in recovering their lost funds. Despite Atomic Wallet’s official announcement, some users were still reporting losses at the time of writing. The community criticized the company for downplaying the extent of the damage, as users believed the hacker primarily targeted wallets with substantial funds. At the moment less than 1% of our monthly active users have been affected/reported. Last…

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• European report calls for tighter oversight of global crypto market

  TL;DR Breakdown The report underscores the significance of the MiCA Act and its implications on the EU’s financial system. The report points out that the EU’s financial stability and autonomy remain exposed to potential risks originating from policy actions taken by non-EU countries. Divergent regulations could also hinder the mainstream adoption of stablecoins, which have gained significant traction in recent years. Description In a recent report issued by the European Parliamentary Research Service (EPRS), concerns were raised over the need for stricter oversight from non-European Union (EU) regulators to ensure greater stability and development in the global cryptocurrency market. The report comes as the Markets in Crypto-Assets Regulation (MiCA) Act progresses toward implementation by December 2024, prompting … Read more In a recent report issued by the European Parliamentary Research Service (EPRS), concerns were raised over the need for stricter oversight from non-European Union (EU) regulators to ensure greater stability and development in the global cryptocurrency market. The report comes as the Markets in Crypto-Assets Regulation (MiCA) Act progresses toward implementation by December 2024, prompting calls for a more robust…

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• US SEC advisory group urges rebranding of leveraged ETFs

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• Uniswap DAO votes against charging LP fees

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