Top crypto tweets of the day – August 30th

Related articles

• The menace of Twitter bots: A threat to crypto marketing strategies

  TL;DR Breakdown According to a research report, Twitter bots could distort perceptions of a crypto’s popularity, creating artificial highs in social media engagement and misleading potential investors. Cryptos with abnormally high engagement coefficients, which could be inflated by bot activity, have been found to yield low returns, frequently after a brief spike. The implementation of multi-faceted solutions is necessary to address the challenges posed by Twitter bots. Description Twitter bots have attained notoriety within the crypto industry. Now, two Yale researchers believe they know how to trade more profitably by leveraging phony engagement. In recent years, the crypto industry has witnessed exponential growth and widespread adoption. As this digital revolution gains momentum, marketing strategies have become paramount in ensuring success for crypto projects.  … Read more Twitter bots have attained notoriety within the crypto industry. Now, two Yale researchers believe they know how to trade more profitably by leveraging phony engagement. In recent years, the crypto industry has witnessed exponential growth and widespread adoption. As this digital revolution gains momentum, marketing strategies have become paramount in ensuring success for crypto…

  Article 2023年6月26日

• Debate persists: Should FTX disclose consumer names?

  TL;DR Breakdown The crypto community continues to witness the dispute over whether or not to reveal the names of customers at collapsed crypto exchange FTX. Analysts argue that disclosing the names of the customers would “impair the debtors’ ability to maximize the value that it currently possesses.” The top 50 FTX creditors are owed an estimated $3.1 billion. Kevin Cofsky, a partner at Perella Weinberg Partners, testified in the ongoing discussion around the revelation of user names at the now-defunct crypto exchange FTX, arguing that doing so would impede efforts to retrieve assets and reduce value. Despite media organizations’ calls for public disclosure, top creditors have preferred anonymity. Sam Bankman-Fried, the CEO of FTX, is accused of many financial offenses. Media outlets advocate for public disclosure of FTX creditors’ names According to reports from top media houses, the debate over whether or not to disclose the names of consumers at the defunct cryptocurrency exchange FTX is still going on. Kevin Cofsky, a partner at the investment firm Perella Weinberg Partners, testified at a hearing on June 8 that disclosing the…

  Article 2023年6月13日

• MakerDAO’s Bold Shifts: A Game-Changing Transformation Unveiled

  TL;DR Breakdown MakerDAO decreases reliance on USDC: USDC’s contribution to DAI collateral is reduced to less than 9%, while Real World Assets (RWA) constitute a substantial portion. wstETH drives notable growth: wstETH gains traction within the Maker Protocol, accounting for 46% of total supply, fueling revenue growth and Total Value Locked (TVL). Description MakerDAO, a prominent decentralized finance (DeFi) platform, has made significant developments to reduce its reliance on USD Coin (USDC) as collateral for its stablecoin, DAI. The protocol has diversified its collateral by incorporating Real World Assets (RWA), such as short-term bonds, which now constitute a substantial portion of DAI collateral. This strategic shift not only … Read more MakerDAO, a prominent decentralized finance (DeFi) platform, has made significant developments to reduce its reliance on USD Coin (USDC) as collateral for its stablecoin, DAI. The protocol has diversified its collateral by incorporating Real World Assets (RWA), such as short-term bonds, which now constitute a substantial portion of DAI collateral. This strategic shift not only enhances the security of DAI but also expands MakerDAO’s revenue streams beyond cryptocurrency-related activities. …

  Article 2023年6月27日

• dYdX’s 2023 report: Crypto insights you can’t miss

  Description The decentralized financial world thrives on transparency, adaptability, and the fearless challenge of established norms. And guess who’s been at the epicenter of this financial maelstrom in 2023? dYdX. Their latest semi-annual ecosystem report is a testament to their relentless drive, a window into the dynamics of their platform, and, to put it bluntly, it’s … Read more The decentralized financial world thrives on transparency, adaptability, and the fearless challenge of established norms. And guess who’s been at the epicenter of this financial maelstrom in 2023? dYdX. Their latest semi-annual ecosystem report is a testament to their relentless drive, a window into the dynamics of their platform, and, to put it bluntly, it’s one of the year’s essential reads. Let me walk you through it. The dYdX Journey: Pioneering Against Odds This year, dYdX’s journey has been nothing short of stellar. Amidst market fluctuations and an ever-changing crypto landscape, dYdX proved their mettle by reaching significant milestones. Their report, shedding light on their ecosystem, reveals a resilient platform weathering stormy seas. From the evolution of the $DYDX token to…

  Article 2023年9月8日

• Crypto venture capital funding plummets amid market uncertainty

  TL;DR Breakdown Crypto VC funding fell by 29.73% in June, with only $779.32 million raised across 62 deals, amid global economic uncertainties. Despite the drop, the overall 2023 trend is still positive, partly due to recent positive developments like Bitcoin ETF applications and Ripple’s legal win. Investment focus remains steady with blockchain infrastructure leading, followed by decentralized finance (DeFi), Web3, centralized finance (CeFi), and nonfungible tokens (NFTs). Description Venture capital funding within the cryptocurrency sphere is undergoing a significant downturn as market ambiguities intensify. June witnessed a sharp fall of almost 30%, securing only $779.32 million across 62 distinct deals, according to Cointelegraph Research Venture Capital Database. This decline correlates with a larger context of global economic ambiguity, featuring uncertainties such as geopolitical … Read more Venture capital funding within the cryptocurrency sphere is undergoing a significant downturn as market ambiguities intensify. June witnessed a sharp fall of almost 30%, securing only $779.32 million across 62 distinct deals, according to Cointelegraph Research Venture Capital Database. This decline correlates with a larger context of global economic ambiguity, featuring uncertainties such as…

  Article 2023年7月22日