Tuesday’s shocking news was that Binance CEO Chengpeng Zhao resigned and plead guilty It violated U.S. money laundering laws and his exchange agreed to pay hefty fees. $4.3 billion in fines—Crypto Twitter is going crazy.
Many Twitter users were quick to pick up on the irony that Zhao had routinely used before this week. symbol “4” Rumors about Binance’s legal troubles were dismissed as unfounded and misinformation. Now, not only have the rumors been proven true, but number four is back with a vengeance.
If Zhao actually has the potential to do so. headed to prison Hanging in the air, Twitter users processed the surreal reality that in just one year, two of the biggest companies in the cryptocurrency industry were found guilty on criminal charges. Some have scoffed at the possibility of Zhao and his one-time rival, FTX founder Sam Bankman-Fried, reuniting in prison.
But even this week’s historic Binance settlement couldn’t keep people’s attention for long. Several other industry developments dominated the discourse in the latter half of Thanksgiving.
explosion on The new layer 2 blockchain The creators of controversial NFT marketplace Blur saw surprising levels of deposits this week, with degens locking up more than $400 million on the network to accumulate lucrative rewards.
However, some Blast users soon began complaining about the network’s lack of transparency and accused its creators of orchestrating an elaborate Ponzi scheme.
More than $400 million was deposited in just two days. @Blast_L2.
The negative commentary surrounding Blast reached such a fever pitch that Blur’s pseudonymous creator, Pacman, took to Twitter on Friday afternoon to calm the community’s concerns.
I’ve seen a lot of misconceptions spread about Blast. Many of these are humorous memes, but it’s important to set the record straight on a few things.
Meanwhile, the SPL20 token market is growing rapidly on Solana. The SPL20 token is a digital asset that mirrors Solana’s name. bitcoin ordinal It was created and created excitement in the dedicated blockchain community.
However, considering the fact that NFTs already exist in large quantities on Solana thanks to the network’s smart contract support, some have been shaking their heads at the development. Ordinals were born out of necessity, as Bitcoin did not have the same functionality.
solana’s SPL20 inscription is incredibly stupid and all my bitcoin and ordinal friends hate it.
