Best Twitter threads of the day – August 15th

Related articles

• China’s Q2 economic performance raises concerns

  TL;DR Breakdown China’s Q2 GDP growth was 0.8%, lower than Q1’s 2.2%, due to decreasing exports and weak retail sales. Unemployment rate among 16 to 24-year-olds reached a concerning 21.3%. Government measures like infrastructure investment and tax breaks are being used to stimulate the economy. Despite the slowdown, some sectors such as catering and electric vehicles witnessed growth. Description Beneath the glimmer of its global economic prowess, China finds itself facing a worrying slowdown in Q2. Amid plummeting exports, dwindling retail sales, and a sluggish property market, the Eastern giant witnessed a mere 0.8% GDP growth compared to the prior quarter, sparking international concerns. This lukewarm performance serves as a sobering reminder that the … Read more Beneath the glimmer of its global economic prowess, China finds itself facing a worrying slowdown in Q2. Amid plummeting exports, dwindling retail sales, and a sluggish property market, the Eastern giant witnessed a mere 0.8% GDP growth compared to the prior quarter, sparking international concerns. This lukewarm performance serves as a sobering reminder that the path to global economic recovery is indeed rocky….

  Article 2023年7月18日

• Card games evolve with ‘Sealed Mode’ in Gods Unchained

  TL;DR Breakdown Gods Unchained introduces “Sealed Mode,” a novel gameplay format inspired by traditional card games, offering players random card sets for competitive play. In a groundbreaking move, Immutable’s NFT-based system grants true ownership of digital cards, bridging the gap between physical and digital card gaming. Description In a groundbreaking move, Immutable’s popular Web3 game, Gods Unchained, has unveiled a new gameplay format that promises to revolutionize the digital card game arena. This innovative format, known as “Sealed Mode,” is designed to level the playing field for players, allowing even those without extensive or costly card collections to compete on equal footing. … Read more In a groundbreaking move, Immutable’s popular Web3 game, Gods Unchained, has unveiled a new gameplay format that promises to revolutionize the digital card game arena. This innovative format, known as “Sealed Mode,” is designed to level the playing field for players, allowing even those without extensive or costly card collections to compete on equal footing. The announcement, made on September 13th via a blog post, has sent ripples through the gaming community, drawing parallels with…

  Article 2023年9月14日

• Former Celsius CEO Alex Mashinsky reportedly arrested as US SEC files lawsuit against Celsius

  TL;DR Breakdown The US SEC crypto crackdown continues, and Celsius and Alex Mashinsky are its most recent victims.  The arrest of Mashinsky and the lawsuit against Celsius come only months after the SEC filed cases against Binance and Coinbase.  The lawsuit and arrest came on the same day, with Celsius officially announcing that the firm has initiated voluntary Chapter 11 proceedings. Description According to a Thursday court filing, the SEC is prosecuting defunct crypto lender Celsius Network and the company’s former CEO Alex Mashinsky for four counts of fraud and one count of securities violations. Alex Mashinsky, the former CEO of the bankrupt crypto lender Celsius, was reportedly arrested on the morning of July 13. The news … Read more According to a Thursday court filing, the SEC is prosecuting defunct crypto lender Celsius Network and the company’s former CEO Alex Mashinsky for four counts of fraud and one count of securities violations. Alex Mashinsky, the former CEO of the bankrupt crypto lender Celsius, was reportedly arrested on the morning of July 13. The news broke shortly after the United…

  Article 2023年7月14日

• Binance CEO’s offshore trading accounts received billions in customer funds, US SEC declares

  TL;DR Breakdown Binance CEO CZ and Guangying Chen allegedly received billions of dollars in customer funds, according to the SEC. Funds were funneled through an intermediary holding company controlled by CZ, raising questions about the commingling of customer deposits and company funds. The SEC has filed a lawsuit and is seeking a temporary asset freeze on Binance.US, while Binance denies the allegations and pledges to defend its platform. The US Securities and Exchange Commission (SEC) has alleged that Binance CEO Changpeng Zhao, popularly known as CZ, and Guangying ‘Helina’ Chen, Binance‘s back office and financial manager, received billions of dollars of customer funds. According to new court documents filed by the SEC yesterday, the funds were funneled through an intermediary holding company called Key Vision Development Limited, controlled by Zhao. Binance’s financial network unveiled The SEC’s allegations are based on testimony provided by Sachin Verma, an accountant employed by the regulator. Verma’s forensic analysis of bank statements and web of companies connected to Binance and Zhao reportedly revealed that $12 billion was sent to Zhao. In comparison, $162 million was…

  Article 2023年6月13日

• Curve Finance Pledges Refunds Following $62 Million Hack

  TL;DR Breakdown Curve Finance suffered a $62 million loss due to vulnerabilities in its Vyper compiler’s release history, with several pools being affected. The hacker accepted a 10% bounty reward and initiated a partial refund, transferring funds to the Alchemix Finance developer wallet instead of directly to Curve Finance. Description In a recent turn of events, Curve Finance, a prominent Decentralized Finance (DeFi) stablecoin lending platform, has assured its users of a refund following a significant security breach. The hack, which took place on July 30, resulted in a staggering loss of $62 million from the protocol. As the DeFi community grapples with the aftermath, … Read more In a recent turn of events, Curve Finance, a prominent Decentralized Finance (DeFi) stablecoin lending platform, has assured its users of a refund following a significant security breach. The hack, which took place on July 30, resulted in a staggering loss of $62 million from the protocol. As the DeFi community grapples with the aftermath, Curve Finance has responded proactively, promising to make affected users whole. A Deep Dive into the Curve…

  Article 2023年8月12日