Top Crypto Tweets of The Week: KOLs on SEC Cases, Hyperliquid, & More

The week’s events have sparked controversial opinions, updates, and analysis from top crypto voices. Five of these discussions are featured in our weekly recap.

1. SEC Dropped Several Crypto Cases: Jacob King Writes

WhaleWire founder and CEO Jacob King shared news on March 27 about the U.S. SEC (Securities and Exchange Commission) dismissing cases against Kraken, Consensys, and Cumberland.

The SEC explained that this reduction in enforcement actions is part of its effort to reform and update its approach to the crypto industry.

This move follows the resolution of the Ripple case, which began in December 2020.
On March 25, Ripple's Chief Legal Officer Stuart Alderdoty announced that the company had dropped its cross-appeal against the SEC and agreed to pay $50 million of the $125 million fine.

2. Darky Criticizes Binance’s Recent Token Listings

Bitcoin and SOL holder Darky (@Darky1k) criticized the recent coins listed by the crypto exchange Binance, calling them scams.

His comments were directed at the listing of Mubarak (MUBARAK), CZ'S Dog (BROCCOLI714), Tutorial (TUT), and Banana For Scale (BANANAS31) memecoins, which were spot-listed on the exchange on March 27.

“What happened to utility?” Darky questioned in his post.

At the moment of writing, these coins are among the top trending cryptocurrencies on CoinMarketCap, but their prices remain highly volatile.

3. Eric Trump Announced WLFI’s Launch of USD1 Stablecoin

Eric Trump, son of US President Donald Trump, announced the launch of the USD1 stablecoin by World Liberty Financial (WLFI), stating, “We are just getting started.

The USD1 stablecoin is backed by short-term U.S. Treasury dollars and other cash equivalents and will be available on both Ethereum and BNB Smart Chain, with BitGo serving as the custodian.

WLFI, launched in October 2024, is focused on decentralized finance (DeFi) to provide users with access to financial services without intermediaries.

4. Arthur Hayes Compared the Hyperliquid Exchange Situation to the Battle of David and Goliath

The crypto community was rocked by a March 26 incident involving Hyperliquid. For the context, validators on the decentralized exchange voted to delist JELLY token contracts after unusual activity was detected. 

This move raised strong reaction, with many questioning the platform’s decentralization.

Shortly after Hyperliquid’s announcement, Binance and OKX swiftly launched futures contracts for JELLYJELLY on their platforms. Some saw this as a battle between centralized exchanges and Hyperliquid. 
Arthur Hayes found it ironic that both Binance and OKX chose to back the underdog JELLY rather than their usual opponent, comparing the situation to the “David vs. Goliath” biblical story.

5. “I Feel Sorry for This Dude,” Says @craigscoinpurse, Referring to Bitboy’s Arrest

Crypto trader @craigscoinpurse commented on the arrest of Ben “BitBoy” Armstrong, the former crypto influencer behind the popular YouTube channel BitBoy Crypto.

Armstrong is facing up to 3 years in jail for sending threatening letters to a judge. 

@craigscoinpurse reflected on how famous BitBoy once was in space and how he eventually lost his show and the life he dreamed of.

The trader also shared some lessons he took from BitBoy's story, emphasizing the importance of hard work, humility, and staying grounded in family.