Home Cryptocurrency This Week in Crypto Twitter: Michael Saylor Trades Elon Musk for Tesla’s Bitcoin Dump

This Week in Crypto Twitter: Michael Saylor Trades Elon Musk for Tesla’s Bitcoin Dump

by WOOWinvest
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This Week in Crypto Twitter: Michael Saylor Trades Elon Musk for Tesla’s Bitcoin Dump


Illustration by Mitchell Preffer for Decrypt

price may be in green This week, however, Crypto Twitter remained focused on the industry’s ongoing liquidity crisis.

This week, Singapore exchange Zipmex Freeze withdrawals, and Legion Strategies, a hedge fund affiliated with Anthony Scaramucci’s Skybridge Capital, stopped redemptions.Meanwhile, Blockchain.com Announces Joining Gemini, Coinbase, and OpenSea Mass layoffsand electric car maker Tesla Cash out 75% of Bitcoin $936 million.

MicroStrategy CEO and billionaire bitcoin bull Michael Thaler was quick to point to hard evidence for Tesla’s sale.

Amid bankruptcy, one company is hoarding cash: US law firm Kirkland & Ellis, previously hired by bankrupt cryptocurrency lenders Voyager and Celsius to help them restructure, was hired this week by Babel Finance. Last Sunday, Babel suspended withdrawals, citing ”Liquidity pressure. “

An affidavit from Kyle Davis, co-founder of newly bankrupt Three Arrows Capital, said the former cryptocurrency hedge fund Owes his wife $65 million And $5 million to co-founder Su Zhu.Davis and Zhu, effectively radio silenced for five weeks, told Bloomberg what are they Do things with investor funds before everything falls apart.

DeFi news outlet The Defiant has compiled some of the most influential letters to judges from those affected by Celsius’ bankruptcy. They really nailed down the human cost of the liquidity crisis.

On a more optimistic note, blockchain-based file-sharing network LBRY defeated the SEC in court. After all, not every non-Bitcoin token on the blockchain is a security, Um Gary Gensler?

my world

On Wednesday, Microsoft’s popular sandbox game Minecraft announced that it will be Block the use of NFTs and blockchain technology on its servers and prohibits the creation of NFTs based on its assets. Jiho, co-founder of Axie Infinity, is optimistic about the news.

Minecraft-based project NFT Worlds tweeted a lengthy protest.

Others saw it a long time ago, including decrypted Owns Kate Irwin, who called it five months ago.

elsewhere

On Monday, there was speculation as to who owns a wallet that purchased a domain name on the Ethereum Name Service.

Popular NFT marketplace OpenSea has engaged in a bitter war of words with Solana’s rivals.

Twitter user @8892OS, a self-proclaimed “art dealer” and provider of “emergency liquidity assistance,” allegedly blackmailed someone for a large amount of ether, and that person…sends more?

Thanks to Russian-born Ethereum creator Vitalik Buterin for his humanitarian efforts to help Ukraine repel Vladimir Putin’s ongoing invasion.

Lastly, GameStop’s new NFT platform is due to list an NFT apparently inspired by Associated Press photographer Richard Drew’s world-famous image of a 9/11 victim known as “The Fallen Man” and attract criticism.

NFTs appear to have been delisted.

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