Cryptocurrency prices held pretty frozen for the last seven days, except Dogecoin. DOGE was undoubtedly the star of both Crypto and Twitter (and, by extension, Crypto Twitter) this week, after the microblogging platform’s illustrious CEO, Elon Musk, swapped out the iconic blue bird logo for an image from Doge, the Shiba Inu behind the iconic meme. that inspired the coin.
Musk made a meme of the makeover on Monday. He also reminded everyone that he first liked the idea. last month.
In response to the logo change, DOGE inflated 20% in less than an hour, though the rally petered out on Thursday, when the coin posted an intraday loss of more than 8%. Since then, Twitter has reverted to the old logo.
Also on Monday, Will Clemente, who co-founded digital asset research firm Reflexivity Research, shared some statistics from blockchain analytics firm Kaiko highlighting the fact that during March, Bitcoin had peaked. stronger correlation with gold in more than a year.
This was largely due to a lack of trust in TradFi institutions after severe liquidity crises swept through banks on both sides of the Atlantic, affecting Credit Suisse and crypto/tech friendly banks like Silvergate, Silicon Valley Bank and Signature. In most cases, governments intervened.
On Tuesday, Uniswap inventor Hayden Adams shared some statistics showing that his exchange has outperformed Coinbase for most of 2023 thus far. Coinbase CEO Brian Armstrong jumped into the tweet to inform readers that his trade had a lot to do with Uniswap’s big numbers.
On that day, Mark Lamb, the co-founder of the CoinFLEX cryptocurrency exchange issued an open letter to Bitcoin Bitcoin Cash evangelist and promoter Roger Ver offers you an “olive branch” of “two years of free trading on OPNX,” a recently launched claims exchange co-founded by Lamb. Along with Ver, he included in his tweet Peter Smith, CEO and founder of crypto exchange Blockchain.com, which also reportedly owes millions to CoinFLEX.
The “olive branch” refers to ending a longstanding feud between the two. Lamb alleges that Ver owes CoinFLEX for an outstanding loan, the debt Lamb is currently claiming for is $84 million. In June of last year, Lamb previously claimed the debt was $47 million.
On Wednesday, MicroStrategy President Michael Saylor went and, yes you guessed it, bought more Bitcoin.
On that day, Coinbase chief legal officer Paul Grewal wrote a thread of several tweets outlining the arguments of a high-profile legal challenge to sanctions imposed on crypto transaction privacy mixer Tornado Cash in August of last year.
Robert F. Kennedy Jr., who will challenge Biden for the presidency in 2024, published a lengthy tirade against the idea of the Federal Reserve releasing a dollar-pegged cryptocurrency. The problem is that Kennedy accidentally or deliberately misinterpreted the very news article he linked to. The Fed’s new digital payments system “FedNow” is No a CBDC! “Fake News!” as the 45 would say.
In actual CBDC news, the European Central Bank seemed closer to launching a digital euro this week.
On Thursday, Binance CEO Changpeng “CZ” Zhao released his views on the AI arms race.
Finally, on Saturday, Chinese blockchain journalist Colin Wu tweeted a reminder that Meta’s experiment with NFTs is coming to an end.