Summary
TLDR: Twitter buzz this week focused on legal drama in the crypto industry, including Avraham Eisenberg’s trial for a DeFi exploit and the SEC’s lawsuit against Uniswap. Positive buzz surrounds Bitcoin Runes, a new meme coin trend launching after the Bitcoin halving, generating excitement and capital deployment.
Key Points
1. The trial of Avraham Eisenberg, who drained $110 million from a crypto exchange using a DeFi exploit, focused on whether DeFi transactions are subject to U.S. criminal law, sparking debate on the implications for automated on-chain transactions.
2. The SEC informed Uniswap of a lawsuit over securities charges, with founder Hayden Adams vowing to fight, leading to criticism that the agency had six years to work with the company but chose legal action instead.
3. Excitement grew around Bitcoin Runes, including dog-themed meme coins like DOG and Pups, with Pups experiencing a significant price increase before even migrating to the Runes protocol, generating buzz and anticipation for their launch.