A bank run hasn't been this significant since the Great Depression—suggests @henrychia20


6 Chinese banks have frozen deposits (online & branch) since mid-April? Initially "blaming systems upgrades."
“All banks in Shanghai have restricted depositors from withdrawing money…”


*Fraud scheme blamed*

"Protests are ongoing but are rarely mentioned in Chinese press."

Public protests: China Banking & Ins. Reg. Com. revealed its investigating fraud act. by the Henan New Fortune Group (the largest shareholder of relevant banks).

https://twitter.com/GundamNorthrop/status/1528113579957710848

Regardless of cause, serious Chinese regulatory oversight questions seem to arise. An immediate concern: the prospect of contagion. At present, this seems to be a *rural-only* bank run. 

But existing evidence suggests it is already spreading to bigger cities.

Large line at a Chinese ICBC Bank (one of the largest state-owned banks) posted June 9.

Translated to English, the tweet below reads “The bank card system is locked, and these people are here to unlock it. Massive runs are coming.”
https://twitter.com/yulin18494807/status/1534858889778319361

Read the rest here:
https://www.asiamarkets.com/chinese-banks-run/

I've yet to really see this covered anywhere else... who knows... might be psyops ¯_(ツ)_/¯

Now that Twitter knows about #dallemini, y'all might as well have fun with these other free generative AI apps.

A few 💎's you might not know about...👇 

http://BoredHumans.com by @BoredhumansAI — huge collection of 50 artificial intelligence pages. Generators for AI Lyrics, @BoredApeYC PFPs, Joke Battles, Fake Academic Papers, etc. 

http://artbreeder.com @artbreeder by @StudioMorphogen &amp; @_joelsimon

Quite literally breed images together to create... anything...
https://twitter.com/wakest/status/1533344172870082560 #Artbreeder 

http://generated.photos by @generated_media — "Enhance your creative works with photos generated completely by AI. Use them for any purpose without worrying about copyrights, distribution rights, infringement claims, or royalties."

"This Idea Does Not Exist" by @tectonic for ideation.

http://thisideadoesnotexist.com 

Generate questions about programming + artificial answers: http://StackRoboflow.com by @braddwyer trained using http://fast.ai and PyTorch.

Night sky generator

http://arthurfindelair.com/thisnightskydoesnotexist/ 

AI-generated pony portraits by @arfafax 
http://thisponydoesnotexist.net 

Generate unlimited fake words with http://thisworddoesnotexist.com by @turtlesoupy 

Fake cats: http://thiscatdoesnotexist.com
Fake people: http://thispersondoesnotexist.com
Fake artwork: http://thisartworkdoesnotexist.com
Fake sneakers: http://thissneakerdoesnotexist.com
Fake horses: http://thishorsedoesnotexist.com
Fake chemicals: http://thischemicaldoesnotexist.com

Can you meme better than @imgflip's AI?

https://imgflip.com/ai-meme 

UwU anime generator by @NearCyan (model by @aydaoai) &amp; help from @arfafax @theshawwn @SkyLi0n 
➡ http://thisanimedoesnotexist.ai
https://twitter.com/NathanThinks/status/1534890789448335361

As always, @rrhoover's @ProductHunt has a huge curated directory of AI stuff

https://www.producthunt.com/topics/artificial-intelligence

List of (free) GAN / Generative AI Apps & Playgrounds

Complete list of who @pmarca follows on #GoogleSheets

✅20.6K users
✅ 1.6K have &lt; 500 followers
✅ 3K have &lt; 1,000 followers
✅ 14K are unverified
✅Follow intent URL included

https://docs.google.com/spreadsheets/d/1iw-S6g-OoxQFLncat_KN9_w6RU-XUdUY5_Tcm7FSw9M/edit?usp=sharing https://twitter.com/NathanThinks/status/1532802632712060929 

Complete List of Who Marc Andreessen @pmarca Follows on Twitter in a Google Sheet

A *credible* 3rd party analysis of Twitter bots from @randfish's @sparktoro suggests 19.42% of *active* accounts are fake.

That's 4x @paraga/@Twitter's Q4 2021 est. and seems like a safe "baseline" assumption. 

Methodology &amp; datasets analyzed published transparently: https://sparktoro.com/blog/sparktoro-followerwonk-joint-twitter-analysis-19-42-of-active-accounts-are-fake-or-spam/

Credibility: @randfish co-founded @Moz &amp; has been respected in the SEO/digital marketing industry for decades.

His recent thread on the @elonmusk @POTUS is worth reading
https://twitter.com/randfish/status/1526966981559078912

Fake Twitter Accounts

Cost basis to cover a $20m risk: 72 cents

Might be the most legendary #crypto trade/saga ever publicly documented. https://twitter.com/GiganticRebirth/status/1525110032895025154

(context)
Started with @AlgodTrading (thread)
https://twitter.com/AlgodTrading/status/1503103705939423234

GCR gets involved https://twitter.com/GiganticRebirth/status/1503335929976664065

@GiganticRebirth $LUNA $10m bet accepted (thread, scroll up)
https://twitter.com/stablekwon/status/1503378847252709379

What a time to be alive
https://twitter.com/GiganticRebirth/status/1504412965306572815

&gt; "Your size is not size" https://twitter.com/AlgodTrading/status/1524133865694113794

&gt; @GiganticRebirth increases size to 20m

https://twitter.com/GiganticRebirth/status/1522903921492168705

How @GiganticRebirth Hedged $20M for 72 Cents

Hold up... Is $WLUNA decoupled from $LUNA (14x) solely bc the @coinbase userbase... is... buying it!? 

I guess wrapping $LUNA must not be easy enough to make the arbitrage worthwhile?

I suppose I could have searched Twitter before posting ¯\_(ツ)_/¯
https://twitter.com/whal3iam/status/1524657650667036672

I get that $WLUNA isn't impacted by counterbalancing $UST, but Coinbase liquidity depth is still large enough for a few arb traders to have a good Thursday...?
https://twitter.com/TonyTonnss/status/1524622742858862593

https://twitter.com/ItzSchutzBitch/status/1524619611379011585

Looks like un/wrapping via Terra bridge http://bridge.terra.money → Given the arbitrage opp, I still must be missing something, because diff shouldn't still be this large

https://twitter.com/NathanThinks/status/1524690187510558725

$WLUNA vs $LUNA Arbitrage

There are 535 members of Congress.

*ONLY* 35 of them beat the $SPY S&amp;P 500?

Senate Republicans actually *underperformed* the market index?

Assuming they *do* have more "insider" knowledge than average, shouldn't we be more concerned that 93.5% of them appear to be incompetent? https://twitter.com/unusual_whales/status/1480656947577860096