Crypto Talk on X Today: RTFKT Issues, PolytSwap Launch & More

Today, crypto Twitter (X) has been buzzing with heated discussions about RTFKT, after CloneX images disappeared and were replaced with a Cloudflare rules violation message.

Other trending topics include market analysis, new launches, and industry updates. In today’s X recap, you’ll find details on:

• Why RTFKT’s CloneX NFT images temporarily disappeared
• New startup launch: Polytswap tokenizes government officials
• Growth stocks that were quick to rebound
• The US SEC Task Force’s meeting with Ondo Finance
• SUI’s remarkable growth over the week 

1. Samuel Cardillo Breaks Down the Technical Glitch Behind RTFKT’s CloneX NFT Collection

On April 24, images from RTFKT’s CloneX NFT collection became inaccessible. The issue was temporary, and RTFKT’s head of tech, Samuel Cardillo, kept users updated on what happened, offering his perspective on the challenges Web3 faces.

In his first post about the matter, Cardillo explained that RTFKT's websites were down due to Cloudflare’s infrastructure downsizing, as Cloudflare provides technical services to websites.

In a follow-up post, responding to user criticism, Cardillo mentioned that RTFKT plans to decentralize assets through Arweave to prevent such issues in the future.

Meanwhile, RTFKT’s tech lead critiqued the broader web3 space, noting that while CloneX community members supported him, misinformation from influencers and other NFT collections exacerbated the situation, reflecting a “sad state” of crypto driven by profit, not principles.

2. Turning Gov. Officials into Tokenised Assets: @mjayceee Introduced Politswap 

Michael (@mjayceee), an app developer, has launched Politiswap, a political trading app designed to tokenize every elected official globally.

He asks, “If members of Congress can trade stocks on the House floor, why can't we trade them?”

To kick things off, the Politiswap team has tokenized 541 members of Congress, each with a unique on-chain token called PolToken.

Built on UniSwap V4 and deployed on Base, Politiswap combines Polymarket's prediction market mechanics with Friendtech's social tokenization, according to Michael.

3. Lin Lists the First Stocks to Bounce Back After the Market Correction

Global markets rallied following the recent correction, driven by trade tariff policy negotiations. Over the past 7 days, Bitcoin has risen about 12% and is currently trading around $94,600.

Investor Lyn (@Speculator_io) highlighted several growth stocks across industries that were quick to rebound.

Among these, MSTR has been the largest gainer in the crypto space. Other stocks like $PLTR (AI), $HOOD (FinTech), $UBER (Mobility), $NFLX & $SPOT (Media), and $CRWD (Cybersecurity) also showed early strength.

Lyn sees this as a sign that these sectors could be positioning themselves for leadership in the broader market.

4. The US SEC Task Force Met With Ondo Finance, Nate Geraci Comments 

The ETF Store President, Nate Geraci, drew his followers' attention to the recent meeting between the SEC Crypto Task Force and DeFi platform Ondo Finance.

“Hope you’re paying attention,” Geraci wrote, emphasizing the agency's growing interest in the sector.

During the meeting, they discussed Ondo’s proposal to issue and sell tokenized publicly traded U.S. securities.

5. SUI Gained Over 74% This Week, Crypto Kid Is Bullish 

Analyst Crypto Kid (@CryptoKidcom) shared his thoughts on the recent surge of SUI, the native cryptocurrency of the Sui blockchain. He believes the coin is unstoppable.

Over the past 7 days, SUI surged by more than 74%, outperforming the broader crypto market. According to CoinMarketCap, it currently trades at around $3.66 and is the 11th largest cryptocurrency, with a market cap exceeding $11.9 billion.