Crypto Twitter Week in Review

With Elon Musk’s new “For You” feature and a seemingly never-ending parade of spam accounts, parsing through Twitter to find the best content feels like a full-time job.

Lucky for you, we’ve curated the best of Crypto Twitter from last week, so you can stay up to date on the latest in memes, alpha and market sentiment. 

The tweet that got everyone talking about Coinbase’s NFT marketplace: 

Artist Jessica Yatrofsky broke the news to her followers that her planned February drop on Coinbase’s NFT marketplace had been canceled. The tweet, in conjunction with Coinbase’s recent layoffs, sparked speculation in the creator and crypto communities that the exchange may be shuttering its marketplace. 

Honorable mention to Coinbase’s response, also, of course, posted on Twitter: 

Coinbase’s official NFT account responded on Twitter and confirmed that upcoming creator drops had been paused. The exchange cited a need to focus on other “tools and features” creators want and denied claims that its marketplace would be shutting down. 

Ordinals receive mixed reaction: 

A major narrative of the week was Bitcoin NFTs. Ordinals, the controversial new genre of NFT which recently debuted on the Bitcoin blockchain, are, in theory, supposed to create a “higher standard” for digital artifacts. Crypto Twitter, to no one’s surprise, had strong feelings. 

Bitcoiners prove that DOOM can, in fact, run on anything: 

Someone uploaded a cloned version of the 30-year-old video game classic DOOM to the Bitcoin blockchain as an inscription on Ordinals. It yet again proves that coders can play the game on virtually anything (in the past, successful versions of DOOM have run on ATMs and calculators), to the delight of many crypto Twitter and Reddit circles. 

Blockworks’ David Canellis debunks Ripple rumors: 

As the industry gears up for a resolution to Ripple’s ongoing lawsuit with the SEC, many reports have focused on Ripple Labs’ direct XRP sales in the fourth quarter of 2022. But Blockworks compiled the full six-year history of Ripple Labs’ quarterly markets reports, stretching back to the inaugural edition in the fourth quarter of 2016, and it turns out Ripple’s direct XRP sales only tell one part of the story.

Read More: Ripple Bought $8.4B XRP Since SEC Lawsuit ‘To Support Healthy Markets’

A guide to options trading in DeFi: 

Twitter user @DefiIgnas is out to help traders get the 411 on option protocols, which they say are “primed for explosive growth.” Catch up on the retail alpha in this thread. 

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