This week in crypto, Coinbase partnered with Adidas Original, though we don’t know much about it yet, and Coinbase acquired the BRD wallet, while the BRD price jumped over 700%. Cardano and tron fell as eToro said it would restrict access to them for US users, zcash rallied more than 50% following the news from last week that the coin will switch to a PoS consensus algorithm, Coin Metrics found that Ethereum gas fees are the highest during the US business hours, and the on-chain data said that long-term bitcoin and ethereum holders remained confident. Elon Musk criticized Binance over dogecoin withdrawals and CZ replied. Meanwhile, Binance said it is talking to sovereign wealth funds who are interested in “taking a stake” in the platform.
Tokens.com bought 116 parcels of virtual land within Decentraland’s metaverse for USD 2.8m, the ConstitutionDAO will close after failing to win the auction for a copy of the US Constitution, and the JRR Token was ended by author J.R.R. Tolkien’s estate.
Meanwhile, El Salvador announced it would build a bitcoin-themed city at the base of a volcano and to use a new USD 500m bitcoin bond plan to fund it. In South Korea, a draft law has called for life sentences for certain crypto market manipulators, and Bithumb finally received an operating license from the nation’s financial regulator. Indian regulatory uncertainties and confusion have continued, the US senate is demanding answers from stablecoin issuers while expressing ‘concerns’ about this type of asset, and “several crypto CEOs” will be summoned to speak at a parliamentary hearing in the US next month. The ECB published a new oversight framework which will include stablecoins, the Russian senate finance chief said that crypto ‘probably has a future’, Brad Garlinghouse claimed that Ripple is making ‘good progress’ in the legal row with the SEC, and despite the country’s crackdown, the crypto crime in China is reportedly on the rise.
Here is your set of weekly crypto jokes.
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Heey, CT! You good?
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I just called to say I liquidated you
I just called to say how much you owe
I just called to say I liquidated you
And I mean it from the bottom of this market
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A trader’s manual.
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Hey, Bitcoin maxis, it’s not funny! [chuckles]
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That’s the spirit!
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Another great spirit!
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Like, get under the damn thing and push up or something.
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Stop provoking it!
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Institutional moves working well for them.
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The wisdom of degens.
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What to do at that point, you know…
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It’s the fees that really get ya.
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What a wholesome crypto creature.
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Plenty of suitable topics.
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You see, a normal family Thanksgiving dinner.
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Hey, look! A printed puppy!
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Hey, look! A proof! Where is the stake?
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Repackaging.
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Yes.
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And, of course, a crypto weekend film.
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