This Week on Crypto Twitter: Ripple Wrenches SEC Documents Loose, Mango Markets Hacker Tweets Trading Tips

It was another quiet week for crypto prices. No news is good news, the old saying goes, and this week it proved especially true. It turns out that the recent stable prices of Bitcoin are an indicator that it is currently less volatile than stocks and has been throughout October.

On Twitter, everyone was talking about the Ballon d’Or, an annual French football award for male players. As you can see below, they were delivering Ledger hardware wallets instead of prices. It turns out that the prices are stored in the device in the form of NFT; very energetic, but not that attractive in your trophy cabinet.

Notorious hacker Avraham Eisenberg – who claimed to be acting in the interest of Mango Markets depositors last week when he stole over $100 million from crypto trading platform, returned $67 million of it and got away with it – tweeted some hot crypto trading tips on Aave. That is, if you are a billionaire.

Tom Emmer, a Republican congressman for Minnesota’s 6th district, shared some alarming news about the involvement of United States Securities and Exchange Commission (SEC) staff. How exactly does Gary Gensler plan to become sheriff of cryptovilla if he can’t even give up the police at the SEC?

Comedian Gabriel Haines on Twitter on Thursday protested the “lack of ‘just up'” in cryptocurrency. Humor.

The Great British Pound was looking a little wild that day.

Magnus Granath, who goes on Twitter “Hodlonaut,” won a lawsuit in Norway against a man named Craig Wright on Thursday. Wright has long claimed to be Bitcointhe pseudonymous creator Satoshi Nakamoto— but Granath and many others have disputed his claims. Holdonaut announced his victory to his 71,000 followers.

Also on Thursday, Stuart Alderoty, general counsel of XRP predecessor Ripple, announced that Ripple’s protection was finally was granted access to a trove of internal SEC emails and documents. Ripple has faced a lawsuit from the regulator for almost two years, after the SEC alleged that XRP was being sold as an unregistered security.

The materials in question — dubbed the “Hinman papers” — relate to the former SEC director William Hinman and his highly publicized speech in 2018 stating that Ethereum – like Bitcoin – was “sufficiently decentralized” and not subject to federal securities regulation.

On Friday, it came to light that Tron founder Justin Sun may be one of the softest movers in crypto.

Bitcoin maxi Cory Swan had a bone to pick with the CEO of FTX that day.

DCCPA

A big topic in the United States this week was the Digital Products Consumer Protection Act (DCCPA), a bill that outlines how the Commodity Futures Trading Commission would regulate the crypto industry.

of DCCPA was introduced by Senators Debbie Stabenow (D-MI) and John Boozman (R-AR) in August and has received support from both Coinbase and CEO of FTX Sam Bankman-Fried for providing an alternative to what some have perceived as a regulation-by-enforcement strategy by the SEC. However, many critics of the DCCPA have described it as “Killing def” and they even have severely criticized Bankman-Fried for his support.

On Wednesday, Bankman-Fried begged to differ.

A few hours later, a draft copy of the DCCPA in progress appeared uploaded to GitHub by Gabriel Shapiro, a crypto attorney and general counsel at Delphi Labs.

The Aptos Incident

Prior to launch, the newly arrived Aptos blockchain was announced as “more secure, more scalable layer-1 blockchain.” The project was founded by developers who previously worked on Facebook’s abandoned cryptocurrency, Diem. Many hailed Aptos as a “potential Solana killer,” but Monday’s start was fraught with enough problems to scare off even the most wary of investors.

We got you covered Crypto Twitter reaction for the affair the next day. It was widely perceived as a mess. The blockchain appeared to have a much lower transaction throughput than promised, and a large portion of the token supply (49%) was allocated to developers and private investors, prompting jokes that Aptos is a blockchain that cares about capital entrepreneur.

On Tuesday, Aptos co-founder and CEO Mo Shaikh addressed people’s concerns in a thread.

But one investor was still cynical on Wednesday.