This Week on Crypto Twitter: Bitcoin Whales Buy the Dip, Nic Carter Defends an Investment, SBF Memed as Atlas

Bitcoin has struggled for three weeks to stay above $ 20,000, and this week there are no exceptions– the world’s favorite cryptocurrency, at the time of this writing, just over $ 19,000. Many Bitcoin maximalists don’t seem too concerned. And more already buy a dip.

CEO of Microstrategy and whale-sized Bitcoin HODLer Michael Saylor announced another big BTC purchase, though it didn’t impress pro-gold economist Peter Schiff.

El Salvador’s authoritarian president, Nayib Bukele, also bought more BTC, which he should have not surprised for regular column readers.

But Saylor and Bukele, by and large, were not the center of attention during the week. Venture capitalist Nic Carter, who is a fan of Bitcoin, vented laser -eyed mass anger with a simple tweet on Tuesday, announcing his decision to invest in a wallet -friendly authentication tool called Ethereum and Solana. Dynamic.

The pain experienced by puritan Bitcoiners when they know that Carter is also investing in something else, is perhaps best shown by a tweet from the Bitcoin Mission.

Carter responded by roasting roasters.

He added: “I don’t care about the laser eye crew.”

Dan Held, director of growth marketing at Kraken, was among Carter’s defenders.

$ 47 million

Exchange Crypto CoinFLEX last month announced it had frozen withdrawals due to “uncertainty continues to involve the counterparty. ” This week, CEO Mark Lamb outed saying his counterpart was one Roger Ver, aka “Bitcoin Jesus“a former Bitcoin evangelist who now shills Bitcoin Cash.

Shortly before Lamb’s tweet, Ver dismissed the idea as “some rumor” while also claiming CoinFLEX was actually indebted … to him!

Lamb called Ver’s rejection a “tactic” and reaffirmed that, yes, Ver certainly owes CoinFLEX, not the other way around.

BlokFinalized

FTX CEO Sam Bankman-Fried announced in June that he was giving a credit injection of $ 250 million to crypto lender BlockFi after the company announced a workforce cut by “about 20%“,” noted “a dramatic shift in macroeconomic conditions.”

In an interview with NPR last month, Bankman-Fried said the exchange had a Responsibility to save a sick crypto company during a crisis. True to his word, the BlockFi deal is just over.

The financial and investment news account @Stocktwits became SBF as Atlas.

Axios business editor Dan Primack was unhappy with the deal.

elsewhere

A recent report said that some hedge funds allegedly borrowed “hundreds of millions”For a brief Tether after the fall of Terra. Leon Marshall, head of institutional sales at Genesis Global Trading, confirmed to a UK financial news outlet that his hedge fund has been conducting short sales ”hundreds of millions of dollars.”

Tether CEO Paulo Ardoino responded to the report in a long thread, writing that the short sale is only one dimension in a multi-pronged attack on Tether’s credibility that also relies on “FUD” and “troll armies.”

Ardoino also said that Tether has suffered many allegations that the USDT stablecoin is not backed 1: 1 by cash reserves. He stressed that Tether is fully supported by proven reserves and plays football with regulators, showing some impressive statistics about the number of redemptions Tether has handled.

On Wednesday, the U.S. Securities and Exchange Commission rejected Grayscale’s digital asset manager’s application for the Bitcoin spot ETF, saying the company had not done enough to protect investors from “fraudulent and manipulative actions and practices.” The next morning, Grayscale CEO Michael Sonnenshein tweeted that his company prosecute agency.

Finally, blockchain game Axie Infinity is not a profitable company, according to a chart shown by Ryan Selkis, founder of crypto market intelligence provider Messari.

Gamers have abandoned mass play-to-earn titles.

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