Find Out the Biggest Topics on Crypto Twitter in the Past Seven Days
It was this year’s third week, a week full of gains for several top cryptos. Also, it was the third consecutive week of the ongoing dispute between crypto lender Genesis and Gemini, a crypto exchange. Generally, there was so much that happened on Crypto Twitter.
Last Monday, National Geographic’s attempts to venture into NFT space with the release of its Genesis Collection faced major backlash based on the comments. Some claimed the firm’s NFT collection was another way for money laundering, while others called it a rug pull bound to happen.
On Tuesday, Maria Shen, who is an inventor at Electric Capital, a crypto-focused firm, took to her Twitter handle to share the main takeaways from the firm’s fourth yearly Developer Report. Shen noted that the blockchain developer space was growing despite the crypto winter.
Crypto Twitter Makes Fun of DOJ’s Announcement
Elsewhere, the crypto market saw a drop on Wednesday as everyone looked forward to the US Justice Department’s announcement about a massive international crypto action. However, it turned out to be about an unfamous crypto exchange called Bitzlato. That prompted several memes on Twitter.
On that very day, German automobile giant Porsche revealed the mint price of its NFT collection, comprising over 7,000 pieces. The NFTs were created to celebrate 911, the firm’s iconic sports car. The high-end cars manufacturer announced that each piece would be minted at 0.912 ETH.
On Thursday, FTX ex-CEO Sam Bankman-Fried, who is charged with several crimes that led to the collapse of the exchange, tweeted to claim that the exchange bankruptcy team’s report on FTX US insolvency was incorrect. A part of crypto Twitter felt the need to remind him to stop tweeting.
Gemini vs. Genesis
Meanwhile, Gemini’s unpaid debt, amounting to over $890 million, is still causing chaos between the exchange owners and the CEO of Genesis’ parent firm Digital Currency Group. Moreover, a US regulator charged Genesis and Gemini last week for violating securities laws.
In mid-week, several crypto observers reported that Genesis was close to filing for bankruptcy protection. Digital Currency Group confirmed the reports via a statement shared on its Twitter account. Later that day, a crypto analyst (@WatcherGuru) tweeted a growing list of crypto firms going bankrupt.
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