ERC-4337 completely transforms #Web3 UX through account abstraction.
A 🧵on account abstraction and how it can support the mass adoption of #blockchain technology👇
I just read FTX's Chapter 11 First Day Affidavit.
In it, the appointed restructuring CEO John Jay Ray III, who oversaw Enron's bankruptcy proceedings, calls FTX's case the worst of his career.
Its contents are shocking.
Here are the highlights:
👇
1/ Last week's events in crypto have led me to self-reflection. I've spent the past four years tracking and analyzing capital allocation to this sector. Understanding the regulatory hammer is coming, now, more than ever, is the time to speak out about all the issues I've seen.
Last week was Cumberland’s most active week ever. Beneath the chaos and explosive volumes, the FTX bankruptcy has triggered some important market structure changes 🧵👇
With the events from the past week, It's become clear that being able to read a block explorer is an important skill to have. Doing so will allow you to understand what's happening on-chain without needing to trust anyone else.
Here's a simple guide on how to read Etherscan 🧵:
🚨Live takes from @IOHK_Charles:
FTX was essentially a good old ponzi scheme
As long as nobody pushes us too hard, all these illiquid assets will become liquid and go up 10-20x and we will be fine
FTX was in regular communication with the CFTC and probably the SEC
We made a chart of institutions that publicly indicated damage in the FTX crash event. But this may be only a small part. In addition, most agencies did not disclose the amount of damage. The graph will be updated, Read more: https://t.co/XJjEoPGNpX
Is https://t.co/R0jGKFG6tJ the next exchange to end up showing us they're insolvent?
A lot of parallels can be drawn between https://t.co/bEO35IpcIB and https://t.co/t80DSUvK30... which is definitely concerning
🧵threadooooor (just my own speculation)
🚨 ALERT: High probability insiders at FTX are currently trying to run off with funds. Both FTX and FTX US wallets have now been affected and commingled. The current amount being laundered is ~$380M.
Please share information below. Let's crowdsource this.
As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of https://t.co/FQ3MIG381f.
1) Hey all: I have a few announcements to make.
Things have come full circle, and https://t.co/DWPOotRHcX’s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for https://t.co/DWPOotRHcX (pending DD etc.).
My PhD professors taught me MATLAB during my master's degree.
So I watched 200 YouTube videos to learn Python
96% of them were a complete waste of time.
But these 8 taught me more than all my PhD professors combined:
The future of Ethereum is #onPolygon.🦄💫
When we unveiled Polygon #zkEVM in July, it was a milestone not only for Polygon, but also for Ethereum & Web3.
We're proud to announce Polygon zkEVM Public Testnet, the world's 1st open source zkEVM network!
https://t.co/bfrFr8XwK8