1: solana led the charge with a 36% rally, while gemini and its lending partner, crypto prime broker genesis, allegedly owe $900 million to users of gemini’s earn service. cameron winklevoss accused barry silbert of squandering $1.675 billion of creditors’ and investors’ funds, while max berger claims sam bankman-fried supported right-leaning democrats and right-voting billionaires to stunt the growth of more progressive voices. blockchain sleuth @zachxbt publicly pilloried twitch streamer and nft creator dnp3 for squandering investors’ funds in crypto casino stake, and charles hoskinson served up a watertight economic argument for right-clicking and saving other people’s nft profile pics. kadhim shubber tweeted an update about celsius’ ongoing bankruptcy proceedings and several tweeters highlighted the advantage of self-custody.
2: huobi announced mass layoffs as a result of the bear market, and gemini’s earn users have been unable to withdraw their money since ftx collapsed back in november. ryan selkis, co-founder of crypto market intelligence firm messari, was briefly suspended from twitter and barry silbert vehemently denied the charges. dnp3 is “working with a help group” to recover, while coinbase and crypto.com have also announced mass layoffs.
3: ryan selkis was reinstated on twitter and said he was “excited for the year in decentralized finance, governance, social media, identity, and hardware networks.” all of these events took place in the crypto space and were triggered by the bear market. the layoffs were a result of the financial losses incurred by the companies, while gemini’s earn users have been unable to withdraw their money since ftx collapsed. barry silbert denied the charges and dnp3 is “working with a help group” to recover. charles hoskinson served up a watertight economic argument for right-clicking and saving other people’s nft profile pics, while ryan selkis was reinstated on twitter and said he was “excited for the year in decentralized finance, governance, social media, identity, and hardware networks.”
https://decrypt.co/118675/this-week-on-crypto-twitter-winklevoss-silbert-sbf-trump-donations
