Top crypto tweets of the day – August 9th

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• SHIB down: Shibarium’s woes explained, what’s happening?

  TL;DR Breakdown SHIB tokens dropped 9% after Shibarium network’s launch. Transactions stalled for hours, causing concern. Users couldn’t discuss issues on Discord, leading to more alarm. Shibarium was meant to elevate SHIB beyond its meme coin status. Description The Shiba Inu (SHIB) ecosystem was buzzing with anticipation as the Shibarium network launched. But instead of a triumphant entry, SHIB tokens nosedived by around 9%, catching many investors off guard. Let’s dive into the chain of events that put a damper on what was supposed to be a transformative moment for the SHIB community. … Read more The Shiba Inu (SHIB) ecosystem was buzzing with anticipation as the Shibarium network launched. But instead of a triumphant entry, SHIB tokens nosedived by around 9%, catching many investors off guard. Let’s dive into the chain of events that put a damper on what was supposed to be a transformative moment for the SHIB community. The Shibarium Hiccup Excitement turned to confusion for many SHIB enthusiasts when reports emerged of transactional stalling on the Shibarium network, just hours after its live debut. With a…

  Article 2023年8月18日

• Biden and McCarthy are quite confident that U.S. will not default

  TL;DR Breakdown Despite ongoing tense negotiations over raising the U.S. debt ceiling, both President Joe Biden and House Speaker Kevin McCarthy expressed confidence that the U.S. will not default on its debt. While negotiations have moved into a more serious phase, key points of contention remain, including the Republican request to attach work requirements to federal food benefits. Despite Democrats’ calls for revenue-raising mechanisms to be part of the discussion, McCarthy stated that taxes will not be part of the debt ceiling negotiations. Despite ongoing negotiations and the looming deadline to raise the debt ceiling, both President Joe Biden and House Speaker Kevin McCarthy expressed confidence that the United States would not default on its debt. Their assurances come at a crucial time when the government is racing against the clock to strike a deal and avert an economic catastrophe. What are Biden and McCarthy planning? Biden and McCarthy’s statements indicate that the previously stalled negotiations are now entering a more serious and concrete phase, with the possibility of a deal drawing nearer. The June 1 deadline to raise the…

  Article 2023年5月18日

• Singapore Bank DBS launches innovative e-CNY payment solution for customers

  TL;DR Breakdown DBS enables customers to accept e-CNY payments, boosting cross-border commerce efficiency. Project Guardian tests asset tokenization and DeFi in collaboration with renowned platforms. DBS partners with Marketnode and other institutions, solidifying Singapore’s leadership. Description DBS, the renowned Singaporean bank, announced today a groundbreaking development that allows its customers to accept payments in e-CNY, the digital currency issued by the Chinese central bank. In a major step forward, DBS has established a seamless system through which e-CNY can be directly settled into a company’s bank account, leveraging automated processes for … Read more DBS, the renowned Singaporean bank, announced today a groundbreaking development that allows its customers to accept payments in e-CNY, the digital currency issued by the Chinese central bank. In a major step forward, DBS has established a seamless system through which e-CNY can be directly settled into a company’s bank account, leveraging automated processes for efficiency and convenience. Remarkably, one of DBS’s customers has already completed a purchase using this innovative solution. This significant milestone stems from DBS’s collaboration with the Monetary Authority of Singapore on…

  Article 2023年7月7日

• Federal Reserve: Soaring interest rates are here to stay

  TL;DR Breakdown Jay Powell, Federal Reserve’s Chair, affirms a consistent approach towards maintaining high interest rates. The Fed keeps their benchmark rate at a 22-year high, suggesting a prolonged period of elevated rates. Economic projections indicate a possible rise in the federal funds rate followed by gradual rate reductions in 2024 and 2025. Description There’s a hovering expectation surrounding the Federal Reserve, anticipating a softening of their steadfast approach towards high interest rates. Yet, Jay Powell, the driving force behind the Fed, has curtailed any optimism of swift policy reversal. Holding Steady and Sending Signals Recently, the Fed maintained their benchmark rate at a staggering 22-year high. In the … Read more There’s a hovering expectation surrounding the Federal Reserve, anticipating a softening of their steadfast approach towards high interest rates. Yet, Jay Powell, the driving force behind the Fed, has curtailed any optimism of swift policy reversal. Holding Steady and Sending Signals Recently, the Fed maintained their benchmark rate at a staggering 22-year high. In the aftermath, Powell delivered remarks in a press briefing, masterfully emphasizing that an escape…

  Article 2023年9月23日

• Controversial Crypto Market Structure Bill Unveiled by House Republicans

  TL;DR Breakdown House Republicans introduce a bill to regulate the crypto market, granting the CFTC more authority over digital asset commodity markets. House Democrats criticize the bill, considering it a “handout” to the crypto industry, and prefer the SEC to oversee the crypto market instead. Description In a highly contentious move, House Republicans recently introduced a bill focused on regulating the crypto market structure. However, the proposal has faced immediate pushback from Democrats on the House Agriculture Committee, who criticize the bill for allegedly favoring the crypto industry with unnecessary privileges.  The bill, titled the Financial Innovation and Technology for the … Read more In a highly contentious move, House Republicans recently introduced a bill focused on regulating the crypto market structure. However, the proposal has faced immediate pushback from Democrats on the House Agriculture Committee, who criticize the bill for allegedly favoring the crypto industry with unnecessary privileges.  The bill, titled the Financial Innovation and Technology for the 21st Century Act, was introduced by House Agriculture Committee Chair Glenn Thompson, R-Pa., along with Rep. French Hill, R-Ark., and Rep….

  Article 2023年7月22日