The world of crypto witnessed a lot of turmoil this year. 2022 saw the collapse of Bitcoin prices along with a massive drop in the value of numerous altcoins. The NFT boom not only slowed down, but the floor prices of famous collections also plunged to historic lows.
Following the publication of a report based on Alameda Research’s leaked balance sheet, Binance CEO CZ tweeted that he will be liquidating FTT tokens. It wreaked havoc in the crypto markets. This led to a meltdown that the crypto community had never seen before.
The tussle between Twitter and Elon Musk resulted in Musk acquiring Twitter and firing roughly 50% of its employees. This year, we also witnessed Musk posting poll after poll on Twitter, citing “Vox Populi, Vox Dei.” That he will abide by the vote of the majority ( Vox Populi, Vox Dei means the voice of people is the voice of God).
Here’s we have compiled a list of tweets that upended the world of Crypto.
Tweets That Rocked the World of Crypto in 2022
1. FTX: The Beginning of the End
As part of Binance’s exit from FTX equity last year, Binance received roughly $2.1 billion USD equivalent in cash (BUSD and FTT). Due to recent revelations that have came to light, we have decided to liquidate any remaining FTT on our books. 1/4
— CZ Binance (@cz_binance) November 6, 2022
This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire https://t.co/BGtFlCmLXB and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
— CZ Binance (@cz_binance) November 8, 2022
In the beginning, our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help.
— Binance (@binance) November 9, 2022
1) Hi all:
Today, I filed FTX, FTX US, and Alameda for voluntary Chapter 11 proceedings in the US.
— SBF (@SBF_FTX) November 11, 2022
Also Read: Is FTX Crash An End Of Crypto? Here’s How A Multi Billion Dollar Scam Unfolded
2. Terra Crash
Terra began 2022 as a prominent project in the crypto market, with its LUNA coin ranking among the top ten cryptocurrencies by market capitalization at the start of the year. However, the project collapsed in May as its stablecoin, TerraUSD (UST), lost its peg to the US dollar.
4/ A review of the current situation: UST is currently trading at 50 cents, a significant deviation from its intended peg at $1.
— Do Kwon (@stablekwon) May 11, 2022
14/ Terra’s return to form will be a sight to behold.
We’re here to stay. And we’re gonna keep making noise.
— Do Kwon (@stablekwon) May 11, 2022
3. ‘Dogefather’ Elon Musk Bought Twitter for $44 Billion
the bird is freed
— Elon Musk (@elonmusk) October 28, 2022
Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7
— Elon Musk (@elonmusk) October 26, 2022
4. Ethereum Merge
In September 2022, Ethereum made the much-anticipated switch to a proof-of-stake (PoS) consensus mechanism, thereby ending proof-of-work consensus on one of most popular blockchains.
And we finalized!
Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.
— vitalik.eth (@VitalikButerin) September 15, 2022
5. Three Arrows Capital Files for Bankruptcy
Three Arrows Capital (3AC) formerly a multibillion-dollar hedge firm, declared bankruptcy in July, reportedly influenced in part by Terra’s collapse.
We are in the process of communicating with relevant parties and fully committed to working this out
— Zhu Su (@zhusu) June 15, 2022
6. Bitcoin’s Price Tumbled
#Bitcoin has finally broken the neckline of a head-and-shoulders top. The scary part for the longs is that the pattern projects a move below $30,000. Once that level is breached Bitcoin will have completed a massive double top. From there a crash below $10,000 is highly likely.
— Peter Schiff (@PeterSchiff) January 21, 2022
7. Celsius Abruptly Halted Withdrawals
.@CelsiusNetwork is pausing all withdrawals, Swap, and transfers between accounts. Acting in the interest of our community is our top priority. Our operations continue and we will continue to share information with the community. More here: https://t.co/CvjORUICs2
— Celsius (@CelsiusNetwork) June 13, 2022
Also Read: Year Ender: 25 Best Crypto Jokes & Memes of The Year 2022
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