The USA cared more about Facebook Libra / Diem Stablecoin than it would ever feared Bitcoin.This Week on Crypto Twitter: OpenSea's Ape Nightmare, Musk Pushes Dogecoin on McDonald's 

We’ve reached the end of the first month of January, and the crypto markets have been topsy-turvy in the new year, to say the least.  

The first week of 2022 was really quite bad. Week two showed some promise. In the third week, Bitcoin and Ethereum crashed to their lowest prices since last summer. The past week has looked like the start of a full recovery, but you can never be sure with crypto. 

Thank goodness then for Crypto Twitter, an endless source of diversion. This week two of our regulars returned: Tesla CEO Elon Musk and El Salvador President Nayib Bukele. Read on to find out how many pots they stirred this week.

OpenSea’s nightmarish week 

This week saw widespread panic among OpenSea users when an exploit allowed people to buy high-priced NFTs like Bored Apes at well below the floor price thanks to old inactive listings that users hadn’t canceled (either because they didn’t want to pay the gas fees to cancel or, in more cases, had no idea the old listings remained active). 

OpenSea has framed the issue as “not an exploit or a bug,” but an issue caused by “the nature of the blockchain,” but whatever the company wants to call it, OpenSea clearly acknowledged it’s a problem by refunding $1.8 million in Ethereum to affected users.

Suffice to say, the exploit was widely discussed on Twitter. NFT creator @0xHustler was the first to alert the NFT crowd: “Everyone head to http://orders.rarible.com and make sure all of your old listings are canceled. There is currently an exploit on @opensea letting someone buy your NFTs for old listing prices. This is happening right now!!”

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