Top crypto tweets of the day – August 31st

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• USDC stablecoin expands to Polkadot ecosystem

  TL;DR Breakdown Circle has launched its USDC stablecoin on the Polkadot network, allowing for greater interoperability and access across various blockchains within the Polkadot ecosystem. The move makes USDC available on a total of 14 blockchain networks, surpassing its rival stablecoin, USDT, which is available on 11 networks. The integration aims to maintain Circle’s position as a major interoperable cryptocurrency and supports low-cost payments, trading, borrowing, and lending on Polkadot parachains like Centrifuge, HydraDX, and Moonbeam. Description Circle, the issuer of the USDC stablecoin, has extended its reach by launching on the Polkadot network. This development not only amplifies the stablecoin’s interoperability but also provides Polkadot’s ecosystem with a robust financial tool. A new home for USDC: Polkadot asset hub Circle announced the issuance of its native USDC stablecoin on the Polkadot … Read more Circle, the issuer of the USDC stablecoin, has extended its reach by launching on the Polkadot network. This development not only amplifies the stablecoin’s interoperability but also provides Polkadot’s ecosystem with a robust financial tool. A new home for USDC: Polkadot asset hub Circle announced…

  Article 2023年9月20日

• IMF’s SOS: World economy needs a jolt, and fast!

  TL;DR Breakdown The IMF urgently calls for revitalization of the world economy. G20’s response to the escalating climate crisis lacks concrete action, especially regarding the promised $100 billion annually for climate finance. Georgieva emphasizes revamping domestic resources to support the green transition. Description The ticking clock on the world economy isn’t waiting. The International Monetary Fund (IMF) stands at the frontline, signaling an urgent call to arms. With pressing issues on one hand and a seemingly lackluster response from global leaders on the other, IMF’s chief, Kristalina Georgieva, has placed a clear mandate before the members of the … Read more The ticking clock on the world economy isn’t waiting. The International Monetary Fund (IMF) stands at the frontline, signaling an urgent call to arms. With pressing issues on one hand and a seemingly lackluster response from global leaders on the other, IMF’s chief, Kristalina Georgieva, has placed a clear mandate before the members of the G20 bloc: It’s time to revitalize the world economy, and there’s not a moment to waste. Climate Funds: Promises in the Air? One can’t…

  Article 2023年9月11日

• Tether hits $3.3B in excess reserves, holds $72.5B worth of U.S. Treasury bills

  TL;DR Breakdown Tether has released its assurance opinion for Q2 of 2023, highlighting a $850 million rise in excess reserves to reach $3.3 billion. Tether’s operational profitability was $1 billion from April to June 2023, with a 30% rise over Q1 2023. USDT’s market cap hit a new high in July, approaching $84 million. Description Tether Holdings Limited published its assurance opinion for Q2 of 2023, highlighting a $850 million rise in excess reserves to reach $3.3 billion. The report shows that Tether has been adding on its treasury reserved holding for USDT tokens. The report is the first time the company has disclosed its indirect exposure to United States … Read more Tether Holdings Limited published its assurance opinion for Q2 of 2023, highlighting a $850 million rise in excess reserves to reach $3.3 billion. The report shows that Tether has been adding on its treasury reserved holding for USDT tokens. The report is the first time the company has disclosed its indirect exposure to United States Treasury bills held by money market funds, where it holds about $72.5…

  Article 2023年8月1日

• Binance lawyers fire back at SEC’s restraining order, citing customer risk and business consequences

  TL;DR Breakdown Binance lawyers strongly oppose SEC’s restraining order, citing a lack of immediate risk to customer assets. Concerns raised by the SEC have already caused harm, argue Binance’s legal representatives. Strained banking relationships force Binance.US to shift to a cryptocurrency-only model. Lawyers representing Binance and its associated firms have vehemently opposed the restraining order sought by the U.S. Securities Exchange Commission (SEC) in a recent court filing on June 12. The SEC had charged Binance and related companies with various allegations on June 5 and subsequently requested a restraining order against Binance.US—the order aimed to freeze the company’s assets and enforce the return of user funds. In their response, Binance’s legal representatives questioned the necessity of the SEC’s requested relief, arguing that the SEC failed to demonstrate any immediate risk to customer assets. They further emphasized that the concerns raised by the SEC had already initiated the harm the regulatory body aims to safeguard against. Of particular concern was the reported threat by banking partners of Binance.US’s parent company, BAM Trading, to restrict access to corporate and customer assets….

  Article 2023年6月16日

• Celsius Network’s bold bid selection revealed

  TL;DR Breakdown Celsius Network has announced that it has selected Fahrenheit’s proposal as the winning bid to manage a new entity owned by its creditors.  Under the plan, Celsius’ account holders will own 100% of the new equity in NewCo. Celsius Network also confirmed that it has secured a backup bid from the Blockchain Recovery Investment Consortium (BRIC), an affiliate of Gemini Trust. Crypto lender Celsius Network, which filed for Chapter 11 bankruptcy protection in July, has announced that it has selected Fahrenheit’s proposal as the winning bid to manage a new entity owned by its creditors. The Fahrenheit consortium, which includes venture capital firm Arrington Capital, will provide the necessary capital, management team, and technology to establish and operate the new company, referred to as NewCo. Under the plan, Celsius’ account holders will own 100% of the new equity in NewCo. The new company will be overseen by a board of directors, with a majority appointed by the creditors. Celsius Network also confirmed that it has secured a backup bid from the Blockchain Recovery Investment Consortium (BRIC), an affiliate…

  Article 2023年5月27日