This week on Crypto Twitter: Eye-popping meme coin NFT sale as Ethereum legal worries grow

This week has seen developments for the crypto ecosystem—some positive, some troubling.

On Monday, the photo that inspired the Dogwiffhat meme and the eventual multi-billion dollar Ethereum NFT Same corner Auctioned event – for fun 4.3 million dollars The price of ETH.

That sale price instantly dethroned DogwhipHat as the most expensive meme-inspired NFT ever sold. Doge, the former reigning champion in that category. The price of DogwhipHat has risen above $3, but at the time of writing, it is at $2.25.

Eye-popping sales indicate the health and potential of the MemCoin economy Full throat return The NFT market.

The South Korean owners of Achi, the dog featured in the Dogwifhat meme, later revealed that the payouts from NFT sales were far beyond their expectations. wayDogwhiphat NFT Sales Pseudonym Facilitator Says. Decrypt the same.

On the same day as Dogwhiphat's historic sale, Binance found itself in a bit of controversy. Charges are distributed. A company employee on Twitter may be behind the suspicious purchase of a new meme coin, BOME, which has been listed on a crypto exchange for a short period of time – causing the development token's price to skyrocket.

The hubbub — fueled in part by the secrecy surrounding how Binance makes key decisions about which coins to list on its platforms — soon made a big splash, and the company felt obligated to respond.

In the statement posted on Binance's Chinese-language Twitter account said the company had conducted an internal investigation, calling the incident a “so-called BOME mouse warehouse” incident and concluding that the transaction in question was not made by a Binance employee.

Twitter users still argue, however, that Binance should be more transparent about the token listing process. For example, BOME was listed only two days after its establishment.

The biggest surprise of the week came on Wednesday, however, when reports emerged that the Ethereum Foundation – a Swiss organization – is currently handling the network's technical operations. On examination An unnamed “government official”

Although the government official in question has not yet been officially confirmed, subsequent reports have confirmed that the US Securities and Exchange Commission (SEC) is raising fears that the SEC may be preparing to subpoena US crypto companies over their ties to the Ethereum Foundation. A Hail Mary attack on the Ethereum network.

Some Twitter users immediately dismissed the news, perhaps encouraged by the recent SEC String of Crypto related Obstacles in federal court.

Others, however, cautioned that the prospect of indicting one of the most important technical groups in the crypto ecosystem—regardless of previous results—is no laughing matter.

Edited by Ryan Ozawa.