This week on Crypto Twitter: Binance faces more insider trading allegations

Crypto has been mixed this week. After three consecutive weeks of gains, the fourth full week of 2023 saw Bitcoin prices almost unchanged from last weekend, and while Ethereum depreciated slightly, several altcoins such as Aptos (APT), Axie Infinity (AXS) and Avalanche (AVAX) performed significantly grow up.

On Monday, Conor Grogan, CEO of Coinbase, claimed that there has been some pretty blatant insider trading on Binance over the past 18 months. This is it’s not the first time such accusations have been made.

Researchers at crypto financial services platform Matrixport said last weekend that the first day of the Chinese New Year is over optimal time for opening long positions in the cryptocurrency, because—based on the last eight years—selling 10 days later yields an average profit of 9%. Theirs the findings were widely shared on Monday.

On Tuesday, a crypto whale news account @neobični_kitovi announced the latest assets to be seized by authorities in the ongoing investigation into disgraced former CEO of the now-bankrupt FTX exchange Sam Bankman-Fried. And we all thought he was down on his own the last 100 thousand dollars!

That day, the Bitcoin-obsessed authoritarian president of El Salvador, Nayib Bukele, released a multiple-hit series 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. On that day, his government paid off an $800 million bond that was due.

Crypto lender Genesis claims Roger Ver, also known as “Bitcoin Jesus,” owes it $21 million. Roger he has other ideas and responded that Genesis had to be solvent before they could fulfill their obligations, as allegedly stated in their contract.

Republican U.S. Rep. Bill Huizenga had some harsh words for the United States Securities and Exchange Commission on Tuesday, a regulatory body that has redoubled its efforts to police the crypto industry after a series of recent bankruptcies.

Also that day, Twitter user Paul (@darkport) found a fascinating exit clause buried in the legal issues of Porsche’s NFT minting site. According to Paul, a clause like this opens up discussions about the possibility of NFTs being clawed back – discussions that regulators would no doubt like to hear more about.

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

Robinhood’s official Twitter account was hacked in the middle of the week. Fortunately, it was an obvious hack. Binance CEO Changpeng Zhao helped raise the alarm.

Crypto analyst Adam Cochran took offense when McDonald’s official account was appropriated by some trendy cryptospeak.

On Thursday, crypto user @AutizamKapitalwho regularly chats about industry news, has published an extensive list of FTX’s creditors.

And on that note, news also broke this week that FTX executives are throwing their capital behind disgraced New York congressman Republican George Soros, who is currently on the wrong end of a Justice Department criminal investigation for being—allegedly—a compulsive fraudster, and definitely a liar.

Finally, one of the founders of the Bored Ape Yacht Club had a somber announcement on Saturday that he will be taking time off from space.