This Week on Crypto Twitter: Gary Gensler May Want Ethereum Under SEC Control, Tonga to Make Bitcoin Legal Tender

Broadly speaking, markets recovered this week despite extremely volatile midweek price movements from the leading cryptocurrencies. Over on Twitter, pundits were absorbed by Ethereum Merge updates, more crypto winter stories, and the latest saga in Gary Gensler’s unspoken war on Ethereum. 

Terra CEO Do Kwon kicked the week off with a bang when he lashed out at self-proclaimed blockchain gumshoe @FatManTerra. Back in May, at the height of Terra’s collapse, FatMan, who claims to be affiliated with Terra’s Research Forum, accused Kwon of skimming off the top by cashing out hundreds of millions of dollars “directly out of the LUNA market cap” over several years “to pay Terra’s employee salaries and operating expenses.”

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What was FatMan’s offending tweet? Nothing to do with Do Kwon! FatMan tweeted that he was offering a “leftover allocation” for a “carry trade” on Bitcoin to victims of UST’s collapse. This time, Do Kwon was the one calling FatMan a fraud. 

Kwon held his ground when one tweeter implied he was a hypocrite. 

On Tuesday, Ethereum co-creator Vitalik Buterin gave an update about the network’s long-expected overhaul to a proof-of-stake consensus algorithm. The second iteration of Ethereum is expected to address several key issues, including energy consumption, scalability, gas fees and speed. There was little to update us on, however… Everything is going to plan.

That same day, a solo Bitcoin miner won a six-digit block reward.

On…