Top crypto tweets of the day – November 18th

Press Release:

FTX Group has established Kroll as its claims agent, and all official documents filed with the U.S. Bankruptcy Court can be found online at https://t.co/7Bsn9Ggckf. pic.twitter.com/OFuCmlJXgJ

— FTX (@FTX_Official) November 17, 2022

Super super rare CR7 NFTs on auction for 24 hours only.

➡️ https://t.co/bEbvcTy9QH pic.twitter.com/qrwVblD9g0

— CZ 🔶 BNB (@cz_binance) November 18, 2022

.#Binance NFT Marketplace Launches The CR7 NFT Collection

➡️ https://t.co/sTgdxFX77l pic.twitter.com/LbebqQXwhQ

— CZ 🔶 BNB (@cz_binance) November 18, 2022

1/3

6 months ago the SEC investigated FTX US on multiple matters.

They found no wrong doing.

Instead they continued to meet with FTX on giving them a "no-action letter" to broaden reach in the US markets.

— Adam Cochran (adamscochran.eth) (@adamscochran) November 17, 2022

2/3

Given the liquidator CEO says that this was even sloppier than Enron – how was this overlooked?

This mess didn’t just emerge in the last six months.

The SEC failed at its job while Gensler met directly with SBF to talk favorable access.

— Adam Cochran (adamscochran.eth) (@adamscochran) November 17, 2022

3/3

The SEC is broken and in shambles under its current leadership.

It’s rule by enforcement approach has put a chilling effect on US innovation, while letting off-shore conmen woo regulators.

Congress should make reviewing this a *TOP* priority.

— Adam Cochran (adamscochran.eth) (@adamscochran) November 17, 2022

If Grayscale liquidates what comes on the market:
– 635k BTC (~$13.3b).
– 3.1m ETH (~$3.7b).

A god-forsaken product that will send us to the stone age. pic.twitter.com/Hb2Q4FW4LT

— mhonkasalo (@mhonkasalo) November 17, 2022

USDC on Solana is operating as expected and there are no issues with issuing or redeeming USDC. USDC is always redeemable 1 for 1 for US dollars.
Any amount. Any time. For Free. Always.

— Circle (@circle) November 17, 2022

10 years+ and still going strong… pic.twitter.com/4xdQc1POtY

— Emilie Choi 🛡️ (@emiliemc) November 17, 2022

Biggest crypto fish still standing

#1 Binance (they are ok for now)
#2 Tether (they are ok, will end up fully folding into the system)
#3 Circle (they are ok)
#4 DCG/Grayscale (they are ok, shooting for that ETF)
#5 Coinbase (they are ok, just need to fire people)

— Alex Krüger (@krugermacro) November 18, 2022

If any of those goes under, you have another -25%/-50% coming. As simple as that.

— Alex Krüger (@krugermacro) November 18, 2022

*for now = next couple of years. Binance is the key winner out of this mess. Regulators should get very aggressive with them coming forward.

— Alex Krüger (@krugermacro) November 18, 2022

JUST IN: FTX used company funds to purchase luxurious homes in the Bahamas, court filing reveals.

— Watcher.Guru (@WatcherGuru) November 17, 2022

Based on GBTC’s 43% discount to NAV, #Bitcoin is already trading well below $10K. I think this is the real price of Bitcoin, as when you sell $GBTC you get paid real cash. But when you sell #BTC you get paid #Tether. To get actual cash for Bitcoin you must accept a huge discount.

— Peter Schiff (@PeterSchiff) November 18, 2022

BREAKING: Sam Bankman-Fried has been accused in court documents of gaining ‘unauthorized access’ to FTX systems after filing for bankruptcy to transfer ‘digital assets’ to the Bahamas government.

— unusual_whales (@unusual_whales) November 17, 2022

FTX lodged the motion in the US bankruptcy court in Delaware on Thursday saying it had evidence to suggest the bahamas government ordered SBF, 30, to gain ‘unauthorized access’ while in custody.

Read more details: https://t.co/VtqY50BXc9

— unusual_whales (@unusual_whales) November 17, 2022

If you lost money in FTX, you should demand an apology from @kevinolearytv

He says SBF, who STOLE your money, is a good guy regardless

Everyone should tag Kevin and let him know you are a real person who lost real money because SBF STOLE IT

— Discover Crypto (@DiscoverCrypto) November 18, 2022

💸 A fee of 93 #ETH (113,072 USD) has just been paid for a single transaction!https://t.co/PJqnN7BPOV

— Whale Alert (@whale_alert) November 18, 2022

Look at this chart? It’s ominous. #Tether has never seen a collapse in market cap. Given the turmoil in #crypto, one would expect a rise in Tether’s market cap as crypto sellers park their cash in Tether. This looks like a run on Tether. If so, a run on #Bitcoin will soon follow. pic.twitter.com/F6vxVIEeEb

— Peter Schiff (@PeterSchiff) November 18, 2022

You know what bothers me? #Ethereum

It only crashed ~80% during this bear market which is close to #BTC

Normally, #ETH should have been past -90% from ATH by now. This means:

1️⃣ Bottom is not in & expect a nuke

OR

2️⃣ Fundamentals changed ETH’s price action

Which is it? pic.twitter.com/9rhvgzU4AV

— Duo Nine ⚡ YCC (@duonine) November 18, 2022

Maybe this is why ETH can’t crash lower. Sellers can’t sell. 😅https://t.co/HcNBllG1l5

— Duo Nine ⚡ YCC (@duonine) November 18, 2022

🔥 🔥 🔥 BIGGEST SCAM IN CRYPTO 🔥 🔥 🔥

Everyone is talking about FTX, but The Ethereum Foundation just basically RUGGED everyone that staked their ETH for ETH 2.0 rewards before the "merge". At the moment, investors can’t withdraw their staked or earned ETH.

— TJB (@TJBLFG) November 18, 2022

The Ethereum Foundation quietly erased the timeline that they had on their website for the people who staked their ETH for ETH 2.0 rewards. Now, everyone’s ETH is stuck in a smart contract with no roadmap or timeline for when they’ll be getting their assets back.

It’s SHOCKING

— TJB (@TJBLFG) November 18, 2022

I don’t think the crypto market fully understands what happens when the SEC makes 99% of tokens "securities"

this is why I believe we have seen the last crypto bull market pic.twitter.com/hLn0eBjQKV

— Mark Moss (@1MarkMoss) November 17, 2022

sure, of course, I do, but you understand the way 99% of crypto works right? VCs drop money in exchange for pre-mined tokens, dump them onto retail for 2, 5, 10x and repeat. VCs, Exchanges, and Media love it, but under strict regulations, the VC pump n dump goes away.

— Mark Moss (@1MarkMoss) November 18, 2022

Singapore Deputy Prime Minister Lawrence Wong said in response to FTX questions, "In the FTX case, there are very serious allegations that amount to potential fraud even", We need to take a strong stance against crypto speculation and trading, especially by retail investors.

— Wu Blockchain (@WuBlockchain) November 18, 2022

"We plan to tighten … We will review the rules that are necessary. But we will continue to embrace innovation around digital assets which we think has tremendous potential." channelnewsasia reported https://t.co/Tw2yRLayJg

— Wu Blockchain (@WuBlockchain) November 18, 2022