Top crypto tweets of the day – September 28th

😮 #Ethereum's top 10 non-exchange and top 10 exchange addresses collectively hold ~32M $ETH, double what they held 4 years ago. The top 10 non-exchange addresses now hold 23.3M $ETH, compared to top 10 exchange addresses holding 8.6M $ETH. https://t.co/g07qE0iDf5 pic.twitter.com/g9muCwBcNc

— Santiment (@santimentfeed) September 28, 2022

Currency strength over the last year: pic.twitter.com/xlewDN9I4z

— TradingView (@tradingview) September 28, 2022

What has been probably the most surprising in all this is the amount of misinformation that gets spread.

There is no “cashout” as alleged, i havent used kucoin or okex in at least the last year, and no funds of tfl, lfg or any other entities have been frozen. https://t.co/E1cbKgoqQz

— Do Kwon 🌕 (@stablekwon) September 28, 2022

Meta's $70 billion metaverse investment is the biggest bet ever made by a tech company on an unproven new technology

h/t: @MattNavarra pic.twitter.com/9vK76XzHN5

— Blockworks (@Blockworks_) September 28, 2022

“#Bitcoin is a backstop. It is behind you. You will have it for your long term savings and long term future”

— U.S. Senator @CynthiaMLummis pic.twitter.com/uLTxTqcF8B

— Documenting ₿itcoin 📄 (@DocumentingBTC) September 28, 2022

Objectively, I would say there isn't much interest in $BTC from U.S. based institutional investors until $GBTC starts getting bid closer to net asset value.$GBTC holds 635k BTC, and with the current -35% discount to NAV, there is a significant incentive to allocate to GBTC. pic.twitter.com/fvgpw0T1nh

— Dylan LeClair 🟠 (@DylanLeClair_) September 28, 2022

Obviously $GBTC isn't BTC.

But if you're telling me that the legacy whales are currently allocating to bitcoin behind the scenes, I'd ask you why they aren't picking up $GBTC at the equivalent price of ~12.5k?

They don't care about censorship resistance, only finacnial upside.

— Dylan LeClair 🟠 (@DylanLeClair_) September 28, 2022

A virus starts in one host and moves on quickly to the next. YCC coming to a local pub near you. All central bankers think and act alike. If it’s happening in the UK, your banana republic is next. $BTC is Lord Satoshi’s cure. https://t.co/qAWMLt0adi

— Arthur Hayes (@CryptoHayes) September 28, 2022