CryptoWatch brings you the hottest there is to the cryptocurrency industry from last week, and it saw significant events which brought significant development including the controversial change of Twitter's blue bird logo to Doge. Moreover, there also was the fall of another meme coin, Floki Inu, alongside the controversial plea of Sam Bankman-Fried to the latest charges against him.

This comes at a time when the crypto industry is seeing a massive development, with an overturn on Bitcoin's price and other top coins in the charts. 

Doge is the New Twitter Logo, Temporarily from Elon Musk

Elon Musk is known as one of the most prolific and renowned individuals to support Dogecoin, and his significant court battle regarding the $258 billion lawsuit recently resurfaced and saw developments. In retaliation to the suit filed against him, he changed the Twitter OG blue bird logo to Doge's mascot, the Shiba Inu meme. 

The lawsuit centers on his alleged pyramiding scheme and racketeering actions behind Dogecoin's rise to popularity and among the crypto charts. 

Mr. Tweet delivered on his previous "promise" about changing the Twitter logo into Doge's face, and this came at a timely moment when the lawsuit reappeared and brought the latest developments in his case. Still, it is unknown if Musk is in a losing suit in this, with a massive fine riding over his head. 

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Floki Inu's Rise and Fall: The End of the Meme Coin

The significance of Dogecoin brought massive development to the crypto industry with the rise of meme coins, including the arrival of copycats or similarly-focused digital currencies like Shiba Inu and Floki Inu. The latter also saw a stellar rise to fame and investments from the public, but unfortunately, was not able to sustain it. 

There are services in the crypto industry that help maintain these rise to last long and see a fruitful tomorrow, despite the many competitors in the field. 

Floki Inu relied on the massive hype and popularity it rode on but was not able to sustain its significance in the market, leading to its downfall. 

Long-term solutions are now widely available in the cryptocurrency industry, and planning, as well as partnering up with services may make a significant development to one's company. 

SBF's Not Guilty Plea on the Latest Charges

Sam Bankman-Fried's latest not-guilty plea may be old news, but it is still a significant topic worth highlighting on CryptoWatch as it centers on the alleged crypto issues that the executive is facing. The eight additional charges to the executive's name center on his alleged bribery to foreign nationals so that they may access the frozen holdings of Alameda Research. 

CNBC's report claims that Bankman-Fried entered a not-guilty plea and will proceed to trial, alongside the other charges he also claimed to be not guilty of, to be proven in court. 

Despite the massive backlash against him and a company he previously started now going against him, SBF remains strong with his claims that he was not a part of its downfall. 

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