This Week on Crypto Twitter: 12 Year Anniversary of Satoshi Nakamoto’s Last Message!

In this series, we at CoinDCX want to keep you abreast of everything that has been happening on Twitter, crypto, and everything in between. While the first quarter of 2023 had been a whirlwind of bullish activity in crypto prices, the month of April has been somewhat subdued. We did see some strong gains ahead of the Ethereum Shanghai Upgrade but at the same time, right after the event, we saw a minor correction creeping into the market thanks to sky-high inflation numbers from the UK and the news of the second-largest banking collapse in US history, with the collapse of the First Republic Bank.

However, despite that some other things have remained more or less the same with Bitcoin continuing to take the lead in the market and maintaining it, with BTC market cap dominance at an 11-month high at nearly 47% as of writing this article. Ethereum too has gained significantly and is between the $1800 to $1900 levels. Thus overall, despite the minor correction, things don’t look too bad.

Now let’s get into it!

MONDAY – APRIL 24

The week began on a very positive note as exactly 12 years ago on April 24 – the pseudonymous creator of Bitcoin, Satoshi Nakamoto announced that he has “moved on to other things”.

Exactly 12 years ago, Satoshi Nakamoto wrote:

"I've moved on to other things. [#Bitcoin]  is in good hands." pic.twitter.com/gLiLCxLnSh

— CoinGecko (@coingecko) April 24, 2023

TUESDAY – APRIL 25

This was a very significant day for the crypto market as this day saw the final collapse of the Binance-Voyager deal. Binance, which had been exploring options to acquire the bankrupt crypto lender, Voyager and its assets to save it has finally announced that it was backing out of the deal. In a statement to the crypto news publication, Decrypt, Binance cited “the hostile and uncertain regulatory climate in the United States” as the main reason behind the decision to back out.

1/ Today we received a letter from https://t.co/yG7Airmib5 terminating the asset purchase agreement. While this development is disappointing, our chapter 11 plan allows for direct distribution of cash and crypto to customers (a “toggle option”) via the Voyager platform.

— Voyager (@investvoyager) April 25, 2023

WEDNESDAY – APRIL 26

With the Artificial Intelligence (AI) hype doing the rounds across the internet, and especially in the crypto industry – Solana, which was once touted as an Ethereum killer and one of the networks in the market with the highest throughputs – has recently integrated with ChatGPT! With this integration, Solana users will be able to check wallet balances, transfer tokens, and purchase NFTs!

(1/2) Solana Labs has created an open-source reference implementation for a ChatGPT plugin that lets users interact with the @solana network directly from ChatGPT.

Users will be able to check wallet balances, transfer tokens, and purchase NFTs once ChatGPT plugins are available. pic.twitter.com/08z1IX76zJ

— Solana Labs (@solanalabs) April 25, 2023

Also, post the Ethereum Shanghai Upgrade, there was a widespread consensus that there won’t be a lot of withdrawals as the EIP-4895 from the Shapella upgrade goes live on the mainnet. This was due to a bunch of reasons, ranging all the way from unrealized losses to strong investor and validator confidence. However, post the upgrade, on around April 18, the network recorded over $2 billion worth of ETH being withdrawn.

While this did lead to some confusion, popular crypto Twitter personality posted a pie chart indicating that a very large chunk of these withdrawals was primarily due to regulator intervention in the Kraken exchange and the subsequent halting of staking services being provided by this exchange.

64% of all ETH principal withdrawals (all time) have come from regulatory-forced Kraken exits. pic.twitter.com/YjyAKNTRli

— odin free ✨🐺 – 🦇🔊 (@odin_free) April 26, 2023

Read more: Top Crypto AI Tokens 2023

THURSDAY – APRIL 27

This was a major day last week as early on April 27 as this was the day when the kind coin, Bitcoin saw a near 7% collapse in a matter of an hour! Will Clemente, the founder of a blockchain research firm known as Reflexivity Research tweeted about it while it was happening.

~$300 million of Bitcoin open interest wiped out in 45 mins what a savage move pic.twitter.com/yq6XQMPlLd

— Will Clemente (@WClementeIII) April 26, 2023

 

This was a brief dip that was quickly bought into and BTC price recovered over the next couple of hours – amid erroneous news of wallets linked to the now-defunct Mt. Gox exchange and the U.S. government were moving large stashes of Bitcoins. But as it turns out there wasn’t too much truth to the rumor and crypto analytical platform Arkham took to Twitter to do a post-mortem on the same.

We have conducted an investigation of the DB Alert situation, and determined that the Arkham alerts were sent accurately in this case.

DB set two alerts on all Bitcoin transactions above $10k USD, with no counterparties set, then named the alerts “Mt Gox” and “US Gov”.

When we… pic.twitter.com/8OITiygNhL

— Arkham (@ArkhamIntel) April 26, 2023

Soon, we also saw another platform, Glassnode taking to Twitter to show users how to track cryptos that are in the wallets belonging to the defunct Mt. Gox and the US Government.

According to our data, the US government and the Mt. Gox trustee hold 205,514 and 137,890 #BTC, respectively.

Monitor their balances and set alerts for coin movements in Studio.

US government chart: https://t.co/cfQFqSfN0m
Mt. Gox trustee chart: https://t.co/3YxvDTGGyq pic.twitter.com/MhCiSiLfqx

— glassnode (@glassnode) April 27, 2023

Oh and also, Binance CEO, Chanpeng Zhao, more popularly known as CZ wanted the Twitterati to know that he isn’t as rich or as competitive as some estimates put him out to be.

4

Numbers all wrong. I don't have anywhere near as much. Don't know why they do this. 🤷‍♂️

Also, never viewed FTX as a rival. We welcome more (well run) exchanges in the space. pic.twitter.com/xfa31RZp7t

— CZ 🔶 Binance (@cz_binance) April 27, 2023

FRIDAY – APRIL 28

On Friday, we saw the return of Tornado Cash developer Alexey Pertsev to Twitter after he was released on bail to wait for his trial at his home. He was arrested by Dutch authorities about nine months ago for allegedly “facilitating money laundering” shortly after US authorities sanctioned the crypto transaction privacy tool. The US government had claimed that it was linked to North Korean state hackers and may have laundered over $7 billion since 2019!

Sorry I was afk for a while, what did I miss? 👀

— Alexey Pertsev (@alex_pertsev) April 28, 2023

On the same day, CoinDCX co-founder and CEO, Sumit Gupta took to Twitter to highlight the issues with P2P trading in the crypto industry.

Guys, P2P is extremely risky. I’ve been telling folks to avoid using any kind of P2P platforms, it’s an open invitation to trouble.

I know so many people in India got notice from various govt authorities just because they unknowingly sent INR or received INR from someone who… https://t.co/3CoyceiPwP

— Sumit Gupta (CoinDCX) (@smtgpt) April 28, 2023

 

SATURDAY & SUNDAY – APRIL 29 & 30

The weekend went by relatively quietly in the past week, despite the fact that we saw some price corrections in all major crypto tokens in the same timeframe. However, it is yet to be seen how the next week pans out!