Top crypto tweets of the day – December 12th

BREAKING: US prosecutors consider filing criminal charges against @Binance and CZ for possible money laundering and sanction violations, Reuters report.

— CoinGecko (@coingecko) December 12, 2022

Source: https://t.co/cShpP5V5I5

— CoinGecko (@coingecko) December 12, 2022

How to create FUD against #Binance 101. 👇

Take news from 2018, recycle it and turn it into Breaking News in 2022 as revenge for #FTX collapse.

If you did not know, #CoinDesk is owned by Digital Currency Group or the ones behind Grayscale which is in trouble lately… pic.twitter.com/42anGVuARh

— Duo Nine ⚡ YCC (@duonine) December 12, 2022

Here’s an unbiased breakdown. https://t.co/1fOtmahom4

— Duo Nine ⚡ YCC (@duonine) December 12, 2022

Reuters has it wrong again.

Now they’re attacking our incredible law enforcement team. A team that we’re incredibly proud of – they’ve made crypto more secure for all of us.

Here’s the full statement we sent the reporter and a blog about our remarkable law enforcement team.

— Binance (@binance) December 12, 2022

IMO the best argument against any EVM improvements is that it’s much harder to remove EVM features than to add them, and so a culture where ongoing "EVM improvements" are expected means EVM keeps complexifying.

Some EVM changes are good, but that’s the tradeoff to weigh against.

— vitalik.eth (@VitalikButerin) December 12, 2022

If we can find a way to automatically convert older-version EVM code into newer-version EVM code, that would of course significantly reduce the tradeoff.

— vitalik.eth (@VitalikButerin) December 12, 2022

Do Kwon is hiding out in Serbia according to S Korean media reportshttps://t.co/Q4hdGJquQq

— db (@tier10k) December 11, 2022

Justin Sun TRON’s algorithmic stablecoin USDD has fallen, and the current price is 0.971 US dollars, and USDD accounts for 86% of the USDD/3CRV pool. https://t.co/StcC5TvfKH

— Wu Blockchain (@WuBlockchain) December 12, 2022

USDD claims to have $1.455b in collateral, with 200%. However, the official website shows that TRX is worth about $825m, but the actual value is $578m, of which about $476m TRX is in the burning contract and illiquid. All USDC are all jUSDC, which are borrow through JustLend.

— Wu Blockchain (@WuBlockchain) December 12, 2022

The entire "crypto" unwind has one major cause: the GBTC flip from premium to discount in 1H’21.

BlockFi, Celsius, 3AC, Alameda and more either blew up and/or lost their major source of "yield."

Then they tried to trade/fraud their way out, which included pumping the Luna ponzi

— Cory 🦢 Real Bitcoin @ Swan.com (@CorySwan) December 11, 2022

gm

big week pic.twitter.com/PACfM28hd3

— db (@tier10k) December 12, 2022

JUST IN: Former BitMEX CEO Arthur Hayes says Bitcoin bottomed as ‘everyone who could go bankrupt has gone bankrupt.

— WF (@WhaleFUD) December 12, 2022

Crypto scammers who fled to dubai in utter disbelief

The SEC would like a word. pic.twitter.com/X9NNFbE0EP

— gainzy (@gainzy222) December 12, 2022

The email addresses of some customers of CoinTracker, an crypto tax management platform, have been leaked. Users are alert to the risks of phishing and fraud, carefully check the content links or attachments of emails from unknown sources. https://t.co/VMwXdkTVjw

— Wu Blockchain (@WuBlockchain) December 12, 2022

UK electricity prices. 🤡 pic.twitter.com/QfY75WjQd7

— Bitcoin (@Bitcoin) December 12, 2022