{"id":1157,"date":"2022-10-24T02:02:31","date_gmt":"2022-10-24T02:02:31","guid":{"rendered":"https:\/\/solanacrypto.news\/2022\/10\/24\/this-week-on-crypto-twitter-ripple-wrenches-sec-documents-loose-mango-markets-hacker-tweets-trading-tips\/"},"modified":"2022-10-24T02:02:31","modified_gmt":"2022-10-24T02:02:31","slug":"this-week-on-crypto-twitter-ripple-wrenches-sec-documents-loose-mango-markets-hacker-tweets-trading-tips","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2022\/10\/24\/this-week-on-crypto-twitter-ripple-wrenches-sec-documents-loose-mango-markets-hacker-tweets-trading-tips\/","title":{"rendered":"This Week on Crypto Twitter: Ripple Wrenches SEC Documents Loose, Mango Markets Hacker Tweets Trading Tips"},"content":{"rendered":"<div style=\"background-color:transparent;background-size:20% 100%;background-repeat:repeat-x;background-image:linear-gradient(to right, rgba(0, 0, 0, 0.04) 1px, transparent 1px);background-position:0%;border-right:1px solid rgba(0, 0, 0, 0.04);position:relative;overflow:visible;font-size:1.2em;line-height:1.58;text-align:left\">\n<figure class=\"w-full max-w-full mt-4 overflow-hidden\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:58.214285714285715%\"\/><img alt=\"this week on crypto twitter\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-nimg=\"responsive\" class=\"object-contain absolute inset-0 box-border p-0 border-0 m-auto block w-0 h-0 min-w-full max-w-full min-h-full max-h-full\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:contain\"\/><noscript><img alt=\"this week on crypto twitter\" sizes=\"(min-width: 640px) 950px, 384px\" srcset=\"https:\/\/cdn.decrypt.co\/resize\/16\/wp-content\/uploads\/2021\/11\/twweet3.1@2x.png.webp 16w, https:\/\/cdn.decrypt.co\/resize\/32\/wp-content\/uploads\/2021\/11\/twweet3.1@2x.png.webp 32w, https:\/\/cdn.decrypt.co\/resize\/48\/wp-content\/uploads\/2021\/11\/twweet3.1@2x.png.webp 48w, https:\/\/cdn.decrypt.co\/resize\/64\/wp-content\/uploads\/2021\/11\/twweet3.1@2x.png.webp 64w, https:\/\/cdn.decrypt.co\/resize\/96\/wp-content\/uploads\/2021\/11\/twweet3.1@2x.png.webp 96w, https:\/\/cdn.decrypt.co\/resize\/128\/wp-content\/uploads\/2021\/11\/twweet3.1@2x.png.webp 128w, https:\/\/cdn.decrypt.co\/resize\/256\/wp-content\/uploads\/2021\/11\/twweet3.1@2x.png.webp 256w, https:\/\/cdn.decrypt.co\/resize\/384\/wp-content\/uploads\/2021\/11\/twweet3.1@2x.png.webp 384w, https:\/\/cdn.decrypt.co\/resize\/600\/wp-content\/uploads\/2021\/11\/twweet3.1@2x.png.webp 600w, https:\/\/cdn.decrypt.co\/resize\/640\/wp-content\/uploads\/2021\/11\/twweet3.1@2x.png.webp 640w, https:\/\/cdn.decrypt.co\/resize\/768\/wp-content\/uploads\/2021\/11\/twweet3.1@2x.png.webp 768w, https:\/\/cdn.decrypt.co\/resize\/950\/wp-content\/uploads\/2021\/11\/twweet3.1@2x.png.webp 950w, https:\/\/cdn.decrypt.co\/resize\/1024\/wp-content\/uploads\/2021\/11\/twweet3.1@2x.png.webp 1024w, https:\/\/cdn.decrypt.co\/resize\/1200\/wp-content\/uploads\/2021\/11\/twweet3.1@2x.png.webp 1200w, https:\/\/cdn.decrypt.co\/resize\/1280\/wp-content\/uploads\/2021\/11\/twweet3.1@2x.png.webp 1280w, https:\/\/cdn.decrypt.co\/resize\/1536\/wp-content\/uploads\/2021\/11\/twweet3.1@2x.png.webp 1536w\" src=\"https:\/\/cdn.decrypt.co\/resize\/1536\/wp-content\/uploads\/2021\/11\/twweet3.1@2x.png.webp\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:contain\" class=\"object-contain absolute inset-0 box-border p-0 border-0 m-auto block w-0 h-0 min-w-full max-w-full min-h-full max-h-full\" loading=\"lazy\"\/><\/noscript><\/span><figcaption class=\"m-0 text-left\">Illustration by Mitchell Preffer for Decrypt<\/figcaption><\/figure>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">It was another quiet week for crypto prices. No news is good news, chimes the old saying and this week it proved especially true. It turns out that Bitcoin\u2019s recent flat prices are an indication that it is currently <\/span><a target=\"_blank\" href=\"https:\/\/decrypt.co\/112566\/bitcoin-now-less-volatile-than-sp-500-nasdaq-for-first-time-since-2020\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">less volatile than equities<\/span><\/a><span style=\"font-weight:400\"> and has been throughout October.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">Over on crypto Twitter, everybody was talking about the Ballon d\u2019Or, an annual French soccer award for male players. As you can see below, they were giving out <\/span><i><span style=\"font-weight:400\">Ledger hardware wallets<\/span><\/i><span style=\"font-weight:400\"> instead of awards. Turns out the awards are stored in the device in NFT form; very zeitgeisty, but not so fetching on your trophy cabinet.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\">\u00a0<\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">Notorious hacker Avraham Eisenberg\u2014who claimed he was acting in the interests of Mango Markets depositors <\/span><a target=\"_blank\" href=\"https:\/\/decrypt.co\/112063\/this-week-on-crypto-twitter-100-million-mango-markets-saga-caitlin-long-calls-out-fed\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">last week<\/span><\/a><span style=\"font-weight:400\"> when he stole over $100 million from the crypto trading platform, returned $67 million of it, and got away with it\u2014tweeted some hot tips for crypto trading on Aave. That is, if you\u2019re a billionaire.<\/span><\/p>\n<div class=\"relative w-full\">\n<blockquote class=\"twitter-tweet mx-auto\">\n<p lang=\"en\" dir=\"ltr\">I&#8217;ve been advised aave is perfectly safe so here&#8217;s the potential trading strategy. Not financial or legal advice, but if you do make 9 figures on this feel free to send a tip <\/p>\n<p>Note that starting with more initial capital increases success odds and profit percentage <a target=\"_blank\" href=\"https:\/\/t.co\/HKAF7Y5ogM\" data-wpel-link=\"internal\" rel=\"noopener\">pic.twitter.com\/HKAF7Y5ogM<\/a><\/p>\n<p>\u2014 Avraham Eisenberg (@avi_eisen) <a target=\"_blank\" href=\"https:\/\/twitter.com\/avi_eisen\/status\/1582763707742183424?ref_src=twsrc%5Etfw\" data-wpel-link=\"internal\" rel=\"noopener\">October 19, 2022<\/a><\/p>\n<\/blockquote>\n<\/div>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">Tom Emmer, a Republican Congressman for Minnesota\u2019s 6th district, shared some alarming news about the United States Securities and Exchange Commission\u2019s (SEC) staff turnout. How exactly does Gary Gensler plan to be the <\/span><a target=\"_blank\" href=\"https:\/\/decrypt.co\/108303\/sheriff-gary-gensler-mark-cuban-coinbase-react\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">sheriff of cryptoville<\/span><\/a><span style=\"font-weight:400\"> if he can\u2019t even police truants at the SEC?<\/span><\/p>\n<div class=\"relative w-full\">\n<blockquote class=\"twitter-tweet mx-auto\">\n<p lang=\"en\" dir=\"ltr\">A new investigation into <a target=\"_blank\" href=\"https:\/\/twitter.com\/GaryGensler?ref_src=twsrc%5Etfw\" data-wpel-link=\"internal\" rel=\"noopener\">@GaryGensler<\/a>\u2019s regime at the SEC found that peak staff occupancy across all SEC buildings this year has averaged a mere SEVEN PERCENT\u2026 Why are the taxpayers funding hundreds of millions of dollars of SEC office space when no one\u2019s showing up to work?<\/p>\n<p>\u2014 Tom Emmer (@RepTomEmmer) <a target=\"_blank\" href=\"https:\/\/twitter.com\/RepTomEmmer\/status\/1582830266644836352?ref_src=twsrc%5Etfw\" data-wpel-link=\"internal\" rel=\"noopener\">October 19, 2022<\/a><\/p>\n<\/blockquote>\n<\/div>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\">\u00a0<\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">Twitter comedian Gabriel Haines on Thursday protested \u201cthe lack of \u2018up only\u2019 in cryptocurrency.\u201d Mood.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">The Great British Pound was looking a little wild that day.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">Magnus Granath, who goes by the Twitter handle \u201c<\/span><a target=\"_blank\" href=\"https:\/\/twitter.com\/hodlonaut\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">Hodlonaut<\/span><\/a><span style=\"font-weight:400\">,\u201d won a lawsuit in Norway against a man named Craig Wright on Thursday. Wright has long claimed to be <\/span><a target=\"_blank\" href=\"https:\/\/decrypt.co\/?post_type=post&amp;p=5736\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">Bitcoin<\/span><\/a><span style=\"font-weight:400\">\u2019s pseudonymous creator <\/span><a target=\"_blank\" href=\"https:\/\/decrypt.co\/?post_type=post&amp;p=5694\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">Satoshi Nakamoto<\/span><\/a><span style=\"font-weight:400\">\u2014but Granath and many others have challenged his claims. Holdonaut declared his victory to his 71k followers.\u00a0<\/span><\/p>\n<div class=\"relative w-full\">\n<blockquote class=\"twitter-tweet mx-auto\">\n<p lang=\"en\" dir=\"ltr\">I won. Welcome to law.<\/p>\n<p>\u2014 hodlonaut \ud83c\udf2e\u26a1\ud83d\udd11 \ud83d\udc1d (@hodlonaut) <a target=\"_blank\" href=\"https:\/\/twitter.com\/hodlonaut\/status\/1583086284792205312?ref_src=twsrc%5Etfw\" data-wpel-link=\"internal\" rel=\"noopener\">October 20, 2022<\/a><\/p>\n<\/blockquote>\n<\/div>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">Also Thursday, Stuart Alderoty, the general counsel of XRP progenitors Ripple, announced that Ripple\u2019s defense had finally been <\/span><a target=\"_blank\" href=\"https:\/\/decrypt.co\/112550\/ripple-obtains-long-sought-documents-of-former-sec-official-who-declared-ethereum-not-a-security\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">granted access to a trove<\/span><\/a><span style=\"font-weight:400\"> of internal SEC emails and documents. Ripple has been facing <\/span><a target=\"_blank\" href=\"https:\/\/decrypt.co\/52400\/sec-files-1-3-billion-lawsuit-against-xrp-creator-ripple\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">a lawsuit from the regulator<\/span><\/a><span style=\"font-weight:400\"> for almost two years, after the SEC alleged that XRP was being sold as an unregistered security.\u00a0<\/span><\/p>\n<div class=\"relative w-full\">\n<blockquote class=\"twitter-tweet mx-auto\">\n<p lang=\"en\" dir=\"ltr\">Over 18 months and 6 court orders later, we finally have the Hinman docs (internal SEC emails and drafts of his infamous 2018 speech). While they remain confidential for now (at the SEC\u2019s insistence), I can say that it was well worth the fight to get them.<\/p>\n<p>\u2014 Stuart Alderoty (@s_alderoty) <a target=\"_blank\" href=\"https:\/\/twitter.com\/s_alderoty\/status\/1583229474681675776?ref_src=twsrc%5Etfw\" data-wpel-link=\"internal\" rel=\"noopener\">October 20, 2022<\/a><\/p>\n<\/blockquote>\n<\/div>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">The materials in question\u2014dubbed \u201cthe Hinman documents\u201d\u2014concern former SEC director <\/span><a target=\"_blank\" href=\"https:\/\/www.sec.gov\/biography\/william-hinman\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">William Hinman<\/span><\/a><span style=\"font-weight:400\"> and his <\/span><a target=\"_blank\" href=\"https:\/\/www.sec.gov\/news\/speech\/speech-hinman-061418\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">much-publicized speech<\/span><\/a><span style=\"font-weight:400\"> in 2018 declaring that Ethereum\u2014like Bitcoin\u2014was &#8220;sufficiently decentralized&#8221; and not subject to federal securities regulation.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">On Friday, it came to light that Tron founder Justin Sun might be one of the smoothest movers in crypto.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">Bitcoin maxi Cory Swan had a bone to pick with FTX\u2019s CEO that day.<\/span><\/p>\n<h2 style=\"margin-top:2em;text-align:left;padding-bottom:16px;margin-bottom:16px;border-bottom:1px solid #dfe2e4\" color=\"#333\" class=\"sc-e93b592e-2 dtmzta\"><span style=\"font-weight:400\">The DCCPA<\/span><\/h2>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">One big topic in the United States this week was the Digital Commodities Consumer Protection Act (DCCPA), a bill outlining how the Commodities Futures Trading Commission would <\/span><a target=\"_blank\" href=\"https:\/\/decrypt.co\/112420\/cftc-dccpa-bill-leak-defi-regulation\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">regulate the crypto industry<\/span><\/a><span style=\"font-weight:400\">.<\/span><\/p>\n<p><span class=\"\" style=\"display:inline-block\"\/><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">The <\/span><a target=\"_blank\" href=\"https:\/\/www.congress.gov\/bill\/117th-congress\/senate-bill\/4760\/text?r=3&amp;s=1\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">DCCPA<\/span><\/a><span style=\"font-weight:400\"> was introduced by Senators Debbie Stabenow (D-MI) and John Boozman (R-AR) in August and has garnered support from both <\/span><a target=\"_blank\" href=\"https:\/\/decrypt.co\/111106\/coinbase-very-supportive-cftc-bitcoin-ethereum\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">Coinbase<\/span><\/a><span style=\"font-weight:400\"> and FTX CEO <\/span><a target=\"_blank\" href=\"https:\/\/twitter.com\/sbf_ftx\/status\/1582539579168419840?s=46&amp;t=MIxvyFx75JEnEUfMnNt-Fw\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">Sam Bankman-Fried<\/span><\/a><span style=\"font-weight:400\"> for offering an alternative to what several have perceived as a regulation-by-enforcement strategy from the SEC. However, many of the DCCPA\u2019s critics have described it as \u201c<\/span><a target=\"_blank\" href=\"https:\/\/decrypt.co\/112420\/cftc-dccpa-bill-leak-defi-regulation\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">DeFi killing<\/span><\/a><span style=\"font-weight:400\">\u201d and have even <\/span><a target=\"_blank\" href=\"https:\/\/twitter.com\/richardchen39\/status\/1580617610789814277\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">heavily criticized<\/span><\/a><span style=\"font-weight:400\"> Bankman-Fried for supporting it.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">On Wednesday, Bankman-Fried begged to differ.\u00a0<\/span><\/p>\n<div class=\"relative w-full\">\n<blockquote class=\"twitter-tweet mx-auto\">\n<p lang=\"en\" dir=\"ltr\">2) I\u2019m optimistic that the Stabenow-Boozman\u2019s bill will provide customer protection on centralized crypto exchanges without endangering the existence of software, blockchains, validators, DeFi, etc.<\/p>\n<p>If I were convinced I was wrong about that, I would not support it.<\/p>\n<p>\u2014 SBF (@SBF_FTX) <a target=\"_blank\" href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1582539579168419840?ref_src=twsrc%5Etfw\" data-wpel-link=\"internal\" rel=\"noopener\">October 19, 2022<\/a><\/p>\n<\/blockquote>\n<\/div>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\">\u00a0<\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">Several hours later, a draft copy of the in-progress DCCPA was <\/span><a target=\"_blank\" href=\"https:\/\/github.com\/LeXpunK-Army\/Crypto-CaseLaw\/blob\/main\/DCCPA%20Markup%20Latest%2010.19.22.pdf\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">uploaded to GitHub<\/span><\/a><span style=\"font-weight:400\"> by Gabriel Shapiro, a crypto attorney and general counsel at Delphi Labs.<\/span><\/p>\n<div class=\"relative w-full\">\n<blockquote class=\"twitter-tweet mx-auto\">\n<p lang=\"en\" dir=\"ltr\">I have long been a believer in transparency and open discussion of the future of cryptolaw.<\/p>\n<p>Accordingly, I have obtained a copy of a draft of the notorious DCCPA circulating secretly in D.C. and am hereby making it available to the public. <a target=\"_blank\" href=\"https:\/\/t.co\/JdyomquQi6\" data-wpel-link=\"internal\" rel=\"noopener\">https:\/\/t.co\/JdyomquQi6<\/a><\/p>\n<p>\u2014 _gabrielShapir0 (@lex_node) <a target=\"_blank\" href=\"https:\/\/twitter.com\/lex_node\/status\/1582814734587265024?ref_src=twsrc%5Etfw\" data-wpel-link=\"internal\" rel=\"noopener\">October 19, 2022<\/a><\/p>\n<\/blockquote>\n<\/div>\n<h2 style=\"margin-top:2em;text-align:left;padding-bottom:16px;margin-bottom:16px;border-bottom:1px solid #dfe2e4\" color=\"#333\" class=\"sc-e93b592e-2 dtmzta\"><span style=\"font-weight:400\">The Aptos incident<\/span><\/h2>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">Before launch, newcomer blockchain Aptos was touted as \u201c<\/span><a target=\"_blank\" href=\"https:\/\/decrypt.co\/112219\/solana-killer-aptos-launches-its-highly-anticipated-mainnet\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">the safest, most scalable<\/span><\/a><span style=\"font-weight:400\"> layer-1 blockchain.\u201d The project was founded by developers who had previously worked on Facebook\u2019s abandoned cryptocurrency Diem. Many hailed Aptos a potential \u201cSolana killer,\u201d but Monday\u2019s kickoff was fraught with enough problems to turn even the most heedless investors off.\u00a0\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">We covered <\/span><a target=\"_blank\" href=\"https:\/\/decrypt.co\/112259\/crypto-twitter-reacts-chaotic-aptos-launch-apt-token-distribution\" class=\"sc-adb616fe-0 ePvUAp\" rel=\"noopener\"><span style=\"font-weight:400\">crypto Twitter\u2019s reaction<\/span><\/a><span style=\"font-weight:400\"> to the affair the next day. It was widely perceived as a shambles. The blockchain appeared to have a far lower transaction throughput than promised, and a large portion of the token supply (49%) was allocated for developers and private investors, giving rise to quips that Aptos is a blockchain catering to venture capital.<\/span><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">On Tuesday, Aptos co-founder and CEO Mo Shaikh addressed people\u2019s concerns in a thread.\u00a0<\/span><\/p>\n<div class=\"relative w-full\">\n<blockquote class=\"twitter-tweet mx-auto\">\n<p lang=\"en\" dir=\"ltr\">It\u2019s exciting to finally bring Aptos to mainnet. <\/p>\n<p>Acknowledged that it could have gone better. Building a decentralized protocol from the ground up is tough! Aptos is fortunate to have a fantastic community that&#8217;s constantly evolving together. <\/p>\n<p>Addressing some concerns below:<\/p>\n<p>\u2014 Mo Shaikh (@moshaikhs) <a target=\"_blank\" href=\"https:\/\/twitter.com\/moshaikhs\/status\/1582470818155532289?ref_src=twsrc%5Etfw\" data-wpel-link=\"internal\" rel=\"noopener\">October 18, 2022<\/a><\/p>\n<\/blockquote>\n<\/div>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\"><span style=\"font-weight:400\">But one investor was still cynical on Wednesday.\u00a0<\/span><\/p>\n<div class=\"relative w-full\">\n<blockquote class=\"twitter-tweet mx-auto\">\n<p lang=\"en\" dir=\"ltr\">the near categorical rejection of Aptos,<\/p>\n<p>created by ex-Libra devs as a fairly blatant cash grab (and ofc funded by the usual suspects who extract billions from the space),<\/p>\n<p>may be one of the most important social shifts we\u2019ve seen in the space in a while<\/p>\n<p>\u2014 DCinvestor.eth \u2310\u25e8-\u25e8 (@iamDCinvestor) <a target=\"_blank\" href=\"https:\/\/twitter.com\/iamDCinvestor\/status\/1582671611836387328?ref_src=twsrc%5Etfw\" data-wpel-link=\"internal\" rel=\"noopener\">October 19, 2022<\/a><\/p>\n<\/blockquote>\n<\/div>\n<div class=\"my-4 border-b border-decryptGridline\">\n<p><span class=\"border-t-4 border-l-4 w-4 h-4 sm:border-t-[6px] sm:border-l-[6px] sm:w-6 sm:h-6 border-decryptPurple dark:border-decryptNeon absolute top-4 left-4 sm:top-6 sm:left-6\"\/><span class=\"border-t-4 border-l-4 w-4 h-4 sm:border-t-[6px] sm:border-l-[6px] sm:w-6 sm:h-6 border-decryptPurple dark:border-decryptNeon absolute rotate-180 bottom-4 right-4 sm:bottom-6 sm:right-6\"\/><\/p>\n<h3 class=\"font-ak-bold text-xl sm:text-3xl mb-6 md:text-center\">Stay on top of crypto news, get daily updates in your inbox.<\/h3>\n<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Illustration by Mitchell Preffer for Decrypt It was another quiet week for crypto prices. No news is good news, chimes the old saying and this week it proved especially true. It turns out that Bitcoin\u2019s recent flat prices are an indication that it is currently less volatile than equities and has been throughout October.\u00a0 Over [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/1157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/comments?post=1157"}],"version-history":[{"count":0,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/1157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media\/1158"}],"wp:attachment":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media?parent=1157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/categories?post=1157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/tags?post=1157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}