26 Apr 2025

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Top Crypto Tweets of The Day: Metaplanet CEO on Bitcoin, Trump Criticized

Metaplanet CEO Simon Gerovich on the cover with Bitcoin and X logos in the background - The Coinomist

Metaplanet CEO Simon Gerovich discussed Bitcoin at a recent shareholder meeting, Donald Trump promoted his memecoin, and the US Treasury lifted sanctions on Tornado Cash.

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Meanwhile, debates continue about the role of Layer 2 solutions. Here’s a recap of 5 popular posts on X/Twitter reflecting diverse community opinions.

1. Metaplanet CEO Talked About Bitcoin at the Shareholders Meeting 

At the annual Metaplanet shareholders meeting, attended by 1,500 people, Metaplanet CEO Simon Gerovich shared insights on the company’s Bitcoin strategy. He emphasized that with community support, Metaplanet aims to strengthen its role as a Bitcoin pioneer in Japan.

“The future is Bitcoin. We are just getting started,” he said.

The Tokyo Stock Exchange-listed company operates as a Bitcoin treasury, holding BTC as its primary reserve asset.

During the event, the Metaplanet CEO also announced the addition of 150 more bitcoins to the company’s reserves, bringing total holdings to 3,350 BTC. The announcement was met with strong applause, signalling positive reception from attendees.

2. It's So Unethical”: @Unfilteredboss1 on Trump Shilling His Memecoin

Unfiltered Boss, a journalist covering politics and money, finds US President Donald Trump’s post promoting his memecoin unethical. On March 23, Trump posted on his social platform Truth Social: “I LOVE $TRUMP — SO COOL!!! The Greatest of them all!”

Trump introduced the memecoin just before his inauguration, and within 24 hours, it broke into the top 20 tokens by market cap. However, the price soon crashed, losing most of its value.

Currently, TRUMP trades at around $11.8. Despite surging 74% in the last 24 hours after his post, it remains 84% down from its all-time high of $75.3 on launch day. The token is now the 40th largest cryptocurrency, with a market cap of $2.3 billion.

3. Paul Grewal Says US Treasury Breaks the Law With Latest Tornado Cash Moves 

So, what happened? On March 21, 2025, the US Department of the Treasury announced removing sanctions on Tornado Cash, a crypto mixer that appeared on their blacklist in August 2022.

While this is generally good news, the issue is that the Treasury claims a final court judgment on the case is not needed.

This, according to Coinbase Chief Legal Officer Paul Grewal, is an attempt to avoid judicial review, keeping the possibility open for future delisting. “But that's not the law, and they know it,” Agrawal said in the post.

The lawyer added that the current decision is not good enough and needs to be addressed.

Moreover, Tornado Cash founders Roman Storm, Roman Semenov, and developer Alex Pertsev face legal charges and sanctions for conspiracy and money laundering.

4. L1 or L2? Solana Founder Anatoly Yakovenko Shared His Thoughts 

Solana co-founder Anatoly Yakovenko argues that Layer 1 blockchains can outperform Layer 2 solutions by avoiding issues like slow data availability and the complex security mechanisms often needed by L2s. He believes L1s can be faster, cheaper, and more secure.

Yakovenko’s comments directly challenge a claim by rip.eth, who praised Layer 2 solutions like Eclipse for being faster and more secure by using Ethereum's consensus and Solana’s virtual machine.

He emphasized that the network currently generates 80TB of data annually, a volume he believes is manageable for a single blockchain without the need for additional L2 scaling.

5. Ted Pillows Shared Data on Trump’s WLF Acquiring Mantle (MNT)

Crypto investor and influencer Ted Pillows shared data on the World Liberty Finance (WLF) portfolio, a DeFi platform backed by Donald Trump. Based on recent updates, WLF has been actively acquiring altcoins, specifically Mantle, an Mantle, and an L2 Ethereum solution. 

Besides Mantle, the World Liberty Finance portfolio includes ETH, TRX, USDT, MOVE, AVAX, ONDO, SEI, and other tokens. 

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