Top crypto tweets of the day – May 10th

www.cryptopolitan.com 1 h    Reading time: ~4 m Contents 1 Tether reports $1.48bn net profit in Q1 2 A fascinating convo between Satoshi and Gavin 3 Elon Musk pumps Milady NFT 4 Kraken sponsors a huge scam baiter account 5 Bitcoin seriously needs to stop being so dogmatic 6 Some Bitcoin miners are turning to AI 7 MEXC accused of dumping tokens 8 US inflation is not improving 9 Has the bull market started for Bitcoin miners? 10 UK tax authorities to be granted the power to seize BTC held on exchange 11 US banking failures each year 12 CPI data 13 New York introduces a bill to accept stablecoins as a form of payment for bail 14 $100 million in long positions liquidated under an hour

Tether reports $1.48bn net profit in Q1

Today #tether announces its Q1 2023 Assurance Report (attestation) 👀

– Net profit for this quarter of $1.48bn leading to a surplus over reserves of $2.44B- an all time high!! 🤯

– This report adds new explicit separate categories for our #Bitcoin  and Gold 🪙 holdings,… https://t.co/3ZzrhtJ8PB

— Paolo Ardoino 🍐 (@paoloardoino) May 10, 2023

A fascinating convo between Satoshi and Gavin

1/ I discovered a fascinating convo between Satoshi and Gavin, 2010.

Gavin immediately identified the dangers of scripting that we’re seeing today; but Satoshi said it could be mitigated. pic.twitter.com/su2pJzknkQ

— Monegro (@BawdyAnarchist_) May 9, 2023

2/ It’s clear Satoshi didnt want this activity on mainchain. He thought fees and «other things» could limit what we’re seeing now.

It seems clear tha BTC has now failed in the design intention, which was to enable scripting while limiting arbitrary data/extensibility.

— Monegro (@BawdyAnarchist_) May 9, 2023

Elon Musk pumps Milady NFT

Milady floor just jumped 0.3 eth to 4.5 eth after @elonmusk tweet pic.twitter.com/hsihJ8x041

— borovik.eth (@3orovik) May 10, 2023

Kraken sponsors a huge scam baiter account

best crypto marketing i’ve seen on tiktok yet.

Kraken sponsored a huge scam baiter account. They built him a custom environment so he could fuck with scammers pic.twitter.com/86p6FLA4g6

— Neeraj K. Agrawal (@NeerajKA) May 10, 2023

https://t.co/bOUxVPkjL8

— Neeraj K. Agrawal (@NeerajKA) May 10, 2023

Bitcoin seriously needs to stop being so dogmatic

It’s sad that Bitcoin Core developers had years to solve the blockspace issue and still did nothing. Saw some very old friends drop out of crypto this week because of how hopeless it looks. I don’t like chain politics but Bitcoin seriously needs to stop being so dogmatic – ASAP.

— FatMan (@FatManTerra) May 10, 2023

Some Bitcoin miners are turning to AI

Some bitcoin miners are turning to AI. After just one year of operation, Hut 8 said its HPC business generated about $16.9 million in revenue in 2022, driven in part by AI customers. Hive Blockchain, which purchased $66m GPUs in early 2021, says it aims to grow its HPC revenue to…

— Wu Blockchain (@WuBlockchain) May 10, 2023

MEXC accused of dumping tokens

🚨 Stay away from crypto exchange #MEXC and their native token MX

— whalechart (@WhaleChart) May 9, 2023

One out of several projects allegedly getting annihilated by MEXC dumping paid tokens on their customers. pic.twitter.com/o1fj46pooM

— whalechart (@WhaleChart) May 10, 2023

More about MEXC written by Trendoshi https://t.co/F4tlKOQPCV

— whalechart (@WhaleChart) May 10, 2023

US inflation is not improving

The headline inflation number is falling, but don’t be fooled — inflation is getting worse.

Inflation actually INCREASED 0.4% month-over-month.

This is a major problem.

— Pomp 🌪 (@APompliano) May 10, 2023

The headline number is falling because of the base effect.

Inflation was so high last year that the year-over-year growth looks low.

But inflation is not improving.

— Pomp 🌪 (@APompliano) May 10, 2023

We are living in an economy that has compounded inflation at ~5% annually for 3 years now.

This is completely unsustainable for the average American family.

— Pomp 🌪 (@APompliano) May 10, 2023

Has the bull market started for Bitcoin miners?

Has the bull market started for #Bitcoin miners?

Hashprice (average revenue per hash for miners, purple line) crossed its 1-year moving average to the upside and is now at the highest level since May 2022. pic.twitter.com/uoexJsC0Vc

— Julio Moreno (@jjcmoreno) May 9, 2023

UK tax authorities to be granted the power to seize BTC held on exchange

NEW: 🇬🇧 UK tax authorities to be granted power to seize #BTC held on exchanges – The Telegraph.

Take your #bitcoin off exchanges!

— Bitcoin Magazine (@BitcoinMagazine) May 10, 2023

US banking failures each year

🇺🇸‼️This Financial Crisis is going to make 2008 look like a picnic…and it’s just getting started! 🤨 pic.twitter.com/0WklT7laC5

— Radar🚨 (@RadarHits) May 10, 2023

CPI data

[DB] CPI Core YoY: -5.5%
Est. 5.5%

— db (@tier10k) May 10, 2023

New York introduces a bill to accept stablecoins as a form of payment for bail

JUST IN: 🇺🇸 New York introduces bill to accept stablecoins as a form of payment for bail.

— Watcher.Guru (@WatcherGuru) May 10, 2023

$100 million in long positions liquidated under an hour

IN TODAY’S US SELLING BITCOIN FUD

$100 MILLION LIQUIDATED IN 1HR

IMAGINE AMOUNT OF SMALL TRADERS WHO GOT WIPED OUT BECAUSE OF ALL THESE MANIPULATIONS pic.twitter.com/O4bg5KeBNF

— Ash Crypto (@Ashcryptoreal) May 10, 2023

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