Bullish enthusiasm dominated cryptocurrency Twitter this week as market-wide price gains for Bitcoin, altcoins, and numerous meme coins spread smiles. Unless, of course, you are a cryptocurrency executive who has fallen in the crosshairs of the U.S. government.
The Bitcoin ecosystem has continued to rise for several weeks. BTCmany Bitcoin Ordinal CollectionAnd the protocol ORDI Token All made significant profits. On Twitter, enthusiasm for the sprint reached near-insane levels, with many Bitcoin maximalists wishing the world’s leading cryptocurrency would continue rising forever.
Visit Solana (SOL) continued to rise Recently, altcoins have continued to make steady progress since October. But the biggest focus this week centered around BONK, the network’s top meme coin. BONK has the honor of being (probably) one of the top three dog-themed coins in cryptocurrency. on tuesday. The coin is said to have risen an incredible 1,019% in the past month. CoinGecko.
These profits are combined with increased activity and higher prices for several companies. Other Meme Coins The hundreds of millions of dollars accumulated from this week’s DeFi airdrops, including PEPE, DOGE, and SHIB, have all combined to create a giddy frenzy on Twitter, with cryptocurrency users seemingly almost completely convinced that the ongoing cryptocurrency winter will finally come to an end.
But if you were a cryptocurrency founder embroiled in a criminal case by the U.S. Department of Justice, things might not seem so rosy.
According to reports on Thursday, Montenegro Set for extradition Terra founder Do Kwon moves to New York Luna and UST The creator faces criminal fraud charges brought by the U.S. government.
And just a few hours later, a federal judge in Seattle officially ban Binance founder Changpeng Zhao has returned home to his family in the UAE while awaiting sentencing on charges of violating US money laundering laws. He judged the cryptocurrency super-rich to be a flight risk due to his “tremendous wealth” and “no ties to the United States.”
Some Twitter users wondered how the ruling would affect Zhao’s social life. Because the cryptocurrency startup will now likely wait around Seattle until February.
Zhao doesn’t seem to be particularly enjoying Seattle so far.
But he should not be afraid. many ways To make the most of his time in the Pacific Northwest bail while he waits to see if he will go to prison.
Edited by Ryan Ozawa.
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