⚔️Epic DeFi Arbitrage Season, 👾IOTA out, and more!
Hey everyone, it’s Colin again! Welcome back to Crypto Twitter TLDR, a newsletter that brings you the juiciest tweets from Crypto Twitter twice a month.
Here’s what happened on Crypto Twitter at the end of February.
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⚔️🛡️DeFi systems get battle-tested by savvy arbitrageurs
Arbitrage was the talk of Crypto Twitter in February, as carefully executed flash loans and trades across DeFi protocols like bZx’s Fulcrum resulted in huge trading profits for market manipulators. While there was initially panic that this may have been the result of a hack, many ecosystem members came to see the events as both a critical learning experience for the nascent DeFi ecosystem as well as a demonstration of the current state of interoperable protocol capabilities.
👾👾IOTA remains down
Internet-of-Things focused token project IOTA has been shut down since early February. @ercwl had an informative-yet-devastating thread about the state of affairs for the IOTA project and went into detail on all the mess pertaining to the Founders’ attempt to claim ICO funds, the client hack, and what’s likely to happen to token holders going forward.
🤔🆒Other Developments / Quick Updates
Shocking $3M+ BCH miner sweep that went fairly under-the-radar:
Heated monetary policy discussion between BTC and ETH supporters:
CZ & Binance launch Binance Cloud, a whitelabel exchange solution:
👏👏👏Random / Funny / Interesting Stuff
Ending this one as we always do with an assortment of random tweets from around CT. Hit me with feedback on this week’s letter (@goltra) and see you next time!