Arbitrum's highly anticipated token finally drops, Do Kwon gets arrested in Montenegro — catch up on yet another exciting week in Crypto Twitter in our weekly recap.
Gm,
The weeks just keep flying by, but that’s how it goes when you’re in crypto. Time works a bit differently here.
Last week hasn’t been boring by any means either. Let’s check out the good and the bad of Crypto Twitter last week.
Whose Threads Are a Must-Read?
CT was all over the ARB airdrop last week. But experienced crypto vets know that post-airdrop is pre-airdrop. Which is why airdrop threads are back with a vengeance in this section. You’ll be getting pounded relentlessly until you’ve learned the lesson.
CryptoShiro knocked it out of the park last week in that regard. His thread of airdrop threads compiled loads of different tips and strategies for potential future money from the sky:
And if you’re lazy and want it all conveniently covered in one centralized thread? We got that too.
MacnBTC went full Adam Cochran and wrote a 1/104 gigathread on how to make six figures with airdrops.
Did he actually go full 104 tweets? The comment section disagrees, but the thread is still pretty darn in-depth:
Other than airdrops, it’s been a more quiet week from the CT threadoors. But there was one more interesting thread from Conor Ryder covering the liquidity situation in crypto. In short: the markets are less liquid since crypto banks have closed. Bitcoin slippage has gone up quite a bit. You can read the full story here:
Wisdom Of The Week
Once you have spent enough time on Crypto Twitter, you get that feeling of familiarity. And it’s not always a good one, as Tyler explains:
So yes, consider the “number go up” to be compensation for enduring the mental illness of Crypto Twitter participants.
Elon Building Twitter
Elon Musk was remarkably quiet on the Twitter front last week. Probably means a big week with lots of drama is coming up…
For now, the only bit of news from Chief Twit was that Twitter Blue is now available globally. Blue ticks for everyone, people:
Talk of the Town
It’s been quiet on other fronts, but it definitely wasn’t a quiet week on the Crypto Twitter town square. Especially this photo that made some people very, very happy:
And whenever someone Crypto Twitter hates is taken down, you know you don’t have to look for schadenfreude:
US and Korean authorities will want to talk to Do Kwon pretty soon. He may have wanted to get his priorities in order:
And while the feds are at it, why stop at Do Kwon? Why not talk to someone else with, say, a colorful background? Someone like Justin Sun:
At least he’s only getting summoned by the SEC (for now). But obviously His Excellency wasn’t too impressed by the news:
A pair’s good, but three makes a party. Or something like that. But the SEC felt good about its chances to go after someone else, so why not go after Coinbase too:
That’s where the fun stopped for Crypto Twitter. It’s all fun and games when they’re coming for failed protocols and shady dealers, but a respected institution like Coinbase that is playing by the rules?
They have a point though. The SEC has been more erratic in its recent lawsuits. Particularly if you take into consideration how Coinbase tried to comply with its demands but was apparently ignored more than once:
Even Coinbase’s competitors are coming to its defense, so this could develop into one of these rare moments when all of crypto rallies behind a common cause:
In other news, Bitcoin is still doing well because the banking sector is still flirting with (even more) disaster. Liquidity is back in town, baby:
One week less left for Balaji’s daring $1M bet to come in. But the road to financial repression is a long and arduous one…
Our Favorite Coinfession
However down bad you may think you are, it’s never too late to go outside. Don’t let this be you:
Memes
This week’s memes are the “best of Dough Kwon dunks.” Enjoy:
See you next week!
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