This week on Crypto Twitter: Binance faces multiple allegations of insider trading

Crypto this week was a mixed bag. After three weeks of consecutive growth, the fourth full week of 2023 saw Bitcoin prices virtually unchanged since last weekend, and while Ethereum weakened slightly, several altcoins such as Aptos (APT), Axie Infinity (AXS) and Avalanche (AVAX) managed significant rally.

On Monday, Conor Grogan, a director at Coinbase, alleged that there has been fairly blatant insider trading at Binance over the past 18 months. This is not the first time such claims have been made.

Researchers from the crypto-financial services platform Matrixport said last weekend that the end of the first day of Chinese New Year is a optimal time to open up long positions in crypto, because – based on the last eight years – selling 10 days later gives an average profit of 9%. Their The findings were shared widely on Monday.

On Tuesday, crypto whale news account @unavlige_hvaler announced the latest assets to be seized by authorities in the ongoing investigation into the now-bankrupt FTX exchange’s disgraced former CEO Sam Bankman-Fried. And we all thought he was down last $100k!

That day, El Salvador’s Bitcoin-obsessed authoritarian President Nayib Bukele posted a multi-threaded string of hits criticizing his decision to force his country to accept Bitcoin as legal tender. In his thread, he wants everyone to know that El Salvador is doing just fine. That day, his government paid off an $800 million bond that had fallen due.

Crypto lender Genesis claims it is owed $21 million by one Roger Ver, also known as “Bitcoin Jesus.” Roger have other ideas and responded that Genesis must be solvent before he fulfills his obligations, as allegedly stipulated in their contract.

Republican US Representative Bill Huizenga had some sharp words on Tuesday for the United States Securities and Exchange Commission, a regulator that has redoubled its efforts to police the crypto industry following the spate of recent bankruptcies.

Also that day, Twitter user Paul (@darkport) found a fascinating get-out clause buried in the legal bottom of Porsche’s NFT release page. According to Paul, a clause like this opens up discussions about refunding NFTs – discussions that regulators will no doubt want to hear more about.

Twitter user @Degentralandwho regularly tweets about the NFTS, on Wednesday released some hefty launch week stats for Yuga Lab’s new Bored Ape Yacht Club (BAYC)-inspired crypto-integrated arcade game Dookey Dash.

Robinhood’s official Twitter account was hacked midweek. Fortunately, it was an obvious hack. Binance CEO Changpeng Zhao helped sound the alarm.

Cryptoanalyst Adam Cochran was offended when McDonald’s official account appropriated a hip cryptospeak.

On Thursday, crypto user @AutismCapitalwho regularly ranted about industry news, posted an extensive list of FTX creditors.

And on that note, news also emerged this week that FTX executives were throwing their capital behind disgraced New York congressman Republican George Soros, who is currently on the wrong side of a Justice Department criminal case for being—allegedly—a compulsive cheater, and absolutely a liar.

Finally, one of the founders of the Bored Ape Yacht Club had a grim announcement on Saturday and will be taking time off from the room.