Friday☕️

14 Jul 2023 — 4 min read

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White House Opposing Ukraine Aid Oversight:

The Biden administration has opposed the creation of an inspector general’s office by Congress to monitor weapons transfers to Ukraine. The proposal was part of the National Defense Authorization Act (NDAA) and intended to prevent corruption similar to that observed during the Afghan war.
The White House maintains that such oversight is already provided by the Department of State and the United States Agency for International Development. This comes despite a June report from the Pentagon inspector general highlighting problems with US weapons shipments to Ukraine.
In addition, there have been reports of US-supplied weapons being used by criminals and militants across Europe, the Middle East, and Africa. Some American weapons have even been identified in the hands of neo-Nazi fighters carrying out cross-border attacks within Russia.

Twitter Ad Revenue Share:

Twitter has introduced a new program that shares advertising revenue with content creators. High-profile individuals have publicly disclosed substantial earnings through this initiative.
Twitter ad revenue shared with creators will be based on engagement metrics like replies and monthly impressions, and the program is only available in countries where the payment platform Stripe operates.
Not all who apply are accepted into the program, as it includes a "human review" process. The launch of this initiative follows closely behind Instagram's announcement that its app, Threads, has amassed 100 million sign-ups in less than a week, underlining the competitive nature of the social media market.

XRP:

The cryptocurrency XRP saw a significant surge after a judge in the Southern District of New York ruled that it's not necessarily a security. This caused the price of XRP to increase by over 70% to about 80 cents a coin. This judgment has wide-ranging implications for the cryptocurrency industry.
In response to this ruling, Coinbase has announced it will re-list XRP for trading. However, it's important to note that the ruling is not entirely clear-cut and can be appealed and potentially reversed. The decision comes in a challenging macroeconomic environment for crypto assets.
In the ruling, the judge divided sales of XRP into three categories: institutional sales, programmatic sales, and other distributions like employee compensation. While institutional sales of XRP were considered securities transactions, programmatic sales and other distributions were not.

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