Tuesday was another historic week for the crypto industry with the shocking resignation of Binance CEO Chengpeng Zhao. Pleading guilty He agreed to violate US money laundering laws and pay a large sum of money. $4.3 billion in fines-Crypto sending Twitter into a frenzy.
Many Twitter users were quick to catch on to the joke, which Zhao used regularly before this week. Mark “4” To dismiss rumors of Binance's legal troubles as baseless misinformation – now not only are the rumors true, but number four is back with a vengeance.
With the real possibility that it could be Zhao He went to prison Hanging in the air, Twitter users have dealt with the reality that two of crypto's biggest names have been found guilty of criminal charges in more than a year. Some scoffed at the knowledge that Zhao and his one-time rival, disgraced FTX founder Sam Bankman-Fried, could be on their way to a prison-yard meeting.
Even this week's historic Binance settlement could hold people's attention for a little longer: several other industry developments managed to dominate the conversation during the mid-Thanksgiving week.
Blast, a New layer-2 blockchain Creators of the controversial NFT marketplace saw an impressive amount of deposits this week, with more than $400 million locked up on the network in hopes of earning lucrative rewards.
Some Blast users, however, soon began to complain about the network's lack of transparency, and accused its organizers of running an elaborate Ponzi scheme.
In 2 days, $400M+ deposited into @Blast_L2.
I have personally invested over 10 #ETH.
But, I realized too late, it is one of the biggest PONZI of 2023.
Open this thread to save your hard earned money: pic.twitter.com/SVP2WZUBkA
— EvanLutra.eth (@EvanLuthra) November 24, 2023
I personally can't believe that this industry put $300 million into this thing without even thinking twice
And I don't believe that the “top VC” in crypto will promote this
This industry is – and I'm being generous here – pirates
Everyone should be so ashamed pic.twitter.com/q8wCvmTltV
– because | helius.dev (d/acc) (@0xMert_) November 23, 2023
The negative feedback surrounding the explosion reached such a fever pitch that the anonymous creator of Fuzzy Pacman took to Twitter on Friday afternoon to address the community's concerns.
I've seen a number of misunderstandings spread around the explosion. While many of these are funny memories, it's important to set the record straight on a few points.
– Pacman | Blur + Blast (@PacmanBlur) November 24, 2023
Meanwhile, on Solana, a marketplace is emerging for SPL20 tokens – digital assets similarly written on Solana denominations. Bitcoin ordinary It creates excitement among the blockchain dedicated community.
But some have scratched their heads at the development, as NFTs are already widely available on Solana thanks to the network's support for smart contracts. Bitcoin didn't have that much potential, which is why Ordinals were born out of necessity.
SPL20's articles on Solana are incredibly stupid and all my bitcoin and casual friends hate them.
A bully
— Udi Wertheimer (@udiWertheimer) November 23, 2023
Edited by Ryan Ozawa.
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