Top crypto tweets of the day – November 21st

JUST IN: JPMorgan officially registers a #cryptocurrency wallet trademark.

— Watcher.Guru (@WatcherGuru) November 21, 2022

J.P. MORGAN WALLET is now a registered trademark for:
▶️ Virtual currency transfer + exchange
▶️ Crypto payment processing
▶️ Virtual checking accounts
▶️ Financial services

The USPTO granted the #JPMORGAN application on Nov 15#NFTs #Metaverse #Crypto #Web3 #NFT #Finance pic.twitter.com/Qg2wSeqtFf

— Mike Kondoudis (@KondoudisLaw) November 21, 2022

At the time of this tweet 👇, @Binance had 5900 people. Today we have 7400+ people. Targeting 8000 or so by end of year.

Hiring continues. https://t.co/p69p5aqrXe

— CZ 🔶 Binance (@cz_binance) November 21, 2022

Guys – I’ll say this one more time.

All Grayscale trust assets are at Coinbase and untouchable. If they were touched, it would be fraud by Coinbase, Grayscale, and negligence by both companies auditors.

The assets are there. It’s the rest of the trust structure that is broken.

— Ryan Selkis 🥷 (@twobitidiot) November 21, 2022

And in fairness, the BIGGEST reason the trusts are broken is due to SEC obstinance in approving Grayscale spot ETFs. It’s inexplicable and the SEC has utterly failed in its mandate to protect investors.

— Ryan Selkis 🥷 (@twobitidiot) November 21, 2022

BREAKING‼️ – Coinbase confirms that it holds ~635K #Bitcoin on behalf of Grayscale Bitcoin Trust and that they are secure.

— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) November 21, 2022

According to court documents, FTX's new CEO, John J. Ray III, was paid $1,300 an hour, billed at least monthly. John J. Ray III was also the bankruptcy reorganization leader for Enron. https://t.co/MwuZGGQEyt

— Wu Blockchain (@WuBlockchain) November 21, 2022

It's a Bitcoin miner bloodbath.

Most aggressive miner selling in almost 7 years now.
Up 400% in just 3 weeks!

If price doesn't go up soon, we are going to see a lot of Bitcoin miners out of business. pic.twitter.com/4ePh0TIPmZ

— Charles Edwards (@caprioleio) November 21, 2022

What we are seeing is not sustainable. Mine-and-hodl is not a viable strategy as a Bitcoin miner. Miners are paying the consequences of the "never selling" arrogance widespread just 6 months ago.

You need to manage (trade) your Bitcoin position constantly in this market.

— Charles Edwards (@caprioleio) November 21, 2022

Just cleaned out mostly ones that weren't following me. Still following lots of crypto

— Mark Cuban (@mcuban) November 21, 2022

With the market capitalization of all #crypto tokens below $793 billion, the value of the two largest dollar-backed stable coins represents 14% of the market. That's 80% of the value of #Etherum, the 2nd largest. Soon the value of stable coins will exceed the value of #Bitcoin.

— Peter Schiff (@PeterSchiff) November 21, 2022

Solana token dying, Solana NFTs coming alive? pic.twitter.com/bb1UXcWcSo

— Nansen Intern 🧭 (@nansen_intern) November 21, 2022

1/ With @FTX_Official gone…where is its activity migrating? pic.twitter.com/GtiUmEcV0N

— Messari (@MessariCrypto) November 21, 2022

2/ Even with market migration into different venues the overall market saw a 43% decline in aggregate interest.

Prior to its collapse, @FTX_Official accounted for about 25% of global perpetual open interest. pic.twitter.com/eYWfvWMtZD

— Messari (@MessariCrypto) November 21, 2022

3/ @binance was the main beneficiary of the @FTX_Official collapse, gaining 9.6% in market share.

DeFi failed to capture any meaningful volume in the fallout continuing to hover around 3%.

A limiting factor for DeFi’s ceiling remains expensive transactions and slow block times. pic.twitter.com/b4kh0Bbbxe

— Messari (@MessariCrypto) November 21, 2022

CEO of CME says he told SBF he was an “absolute fraud” in March https://t.co/MxJcrAr2ZS

— Frank Chaparro (@fintechfrank) November 21, 2022