# Week in Crypto Drama #5

By [0xKΞRM4](https://paragraph.com/@0xk-rm4) · 2022-04-15

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Welcome to **Week in Crypto Drama** **#5**! This weeks biggest news was not strictly crypto related, but as the CT seemed to be the only cohort who got the [meme](https://twitter.com/YatMaxi/status/1514603844952461317), it still qualifies. Elon Musk made [an official bid](https://twitter.com/elonmusk/status/1514564966564651008?s=20&t=UD6mT9MxQq92p14o72-Mzg) for taking Twitter private, at a price of $54.20 per share 🌿. Now we need a competing offer from a [DAO](https://twitter.com/cobie/status/1514564185061007367) and figure out whether this is the peak troll or Elon’s third [long term](https://twitter.com/BoredElonMusk/status/1514638830686531588) play.

Meta is entering the NFT space and decided that Ethereum fees are too low. You indeed do need [pretty competitive rates](https://www.businessinsider.com/meta-metaverse-charges-creators-47-percent-sales-fee-cut-zuckerberg-2022-4) to succeed. And clearly the good old web2 30% is [NGMI](https://twitter.com/functi0nZer0/status/1514163950945976320).

But NFT’s are not even worth much. You loose like [0,9999% with your trade](https://twitter.com/web3isgreat/status/1514350099480006661). Yes, I know this is just a picture of a tweet. But even punks floor has dropped to mere 66 ETH. For some [strange reason](https://twitter.com/DeFifrog1/status/1512666722012180481). And you’re likely to get [rugged](https://twitter.com/rugpullfinder/status/1513661944355565574) by an influencer with a [boxing career](https://twitter.com/zachxbt/status/1513166217573507073?s=20&t=sSQ6M5PascnezOKPEWFKCQ) or an [influencer](https://twitter.com/zachxbt/status/1514006939063271424) without [one.](https://www.youtube.com/watch?v=HlVSm-8kJ98)

So you’re better off just buying [shitcoins](https://twitter.com/cobie/status/1513703277497847809) from [Clownbase](https://twitter.com/PastryEth/status/1513995236141195266). It is however preferable to [work there](https://twitter.com/AlanStacked/status/1514026523430424579), so you could [have some alpha](https://twitter.com/cobie/status/1513874972552355846) and lock in those [monthly bonuses](https://twitter.com/ScruFFuR/status/1491119583104991232). Or you could follow [Kyle](https://twitter.com/inversebrah/status/1513812255452045312) to be part of the greatest dumps in history.

On serious news, some Americans decided to [class action Uniswap](https://twitter.com/Tree_of_Alpha/status/1514366328450293763). Because they would definitely not have invested in [Rocket Bunny](https://twitter.com/zachxbt/status/1514370871653109767) if [disclosures](https://twitter.com/cobie/status/1514470929400705025) were in place. Some other Americans decided that [only rich](https://twitter.com/RussellKlein/status/1513895042578100230) deserve yield.

In our section of Animals in Crypto we learn about Elephant Status, and their [11MUSD flashloan attack.](https://twitter.com/CertiKAlert/status/1514345918564286482) And that the only persons on earth who would want to steal 600 MUSD from cute Axies are indeed the [North Koreans](https://www.coindesk.com/policy/2022/04/14/us-officials-tie-north-korean-hacker-group-to-axies-ronin-exploit/).

Although the Ethereum mainnet shadow fork was [a success](https://twitter.com/terencechain/status/1513557505560875011) the long waited merge is [not gonna happen](https://twitter.com/evan_van_ness/status/1514467157777780743?s=20&t=R4x04t3gUcR7s9VNeb2ytA) in June. Ethereum Foundation coordinator gives some details on [Unchained.](https://overcast.fm/+nRGwfANYQ)

That’s it for this week, enjoy the weekend 🍹

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*Originally published on [0xKΞRM4](https://paragraph.com/@0xk-rm4/week-in-crypto-drama-5)*