Never a dull week in the Cryptoverse! Altcoins went booming, bitcoin went consolidating, and professional traders were reminding the new players to exercise caution, but then BTC corrected lower following the much-anticipated announcement of Coinbase’s results. As Allianz Chief Economic Adviser warned that BTC can only establish itself if governments allow it to, Mark Cuban praised ETH as more superior to BTC while storing much more of his wealth in BTC. Tether will become the first stablecoin on Polkadot, and Signal turned into noise with MobileCoin integration. Meanwhile, Ripple CEO backtracked on BTC criticism after a backlash on social media, while Ripple scored a legal victory, and the judged allowed Ripple to examine the SEC documents. On the other legal hand, Arthur Hayes surrendered in the US.
This is far from all major news. On we go! The USD 3trn corporation State Street will enter crypto trading, Grayscale is “100% committed” to converting their Bitcoin Trust into an ETF, MicroStrategy spent another USD 15m on BTC, and Binance plans to do about three acquisitions every month, while in South Korea the “kimchi premium” may have returned as youth rushes to BTC, but these widespread reports of were shrouded in confusion as BTC plummeted briefly and Upbit suspended fiat withdrawals. Furthermore, the government will embark on a “crackdown” on illegal crypto transactions, and more South Korean crypto exchanges are almost certain to fold in the months ahead. In the meantime, the central Bank of Japan started a series of tests on a digital yen, Sweden’s central Riksbank was forging ahead with its e-krona pilot project, bitcoin evolved from tulips into a geopolitical weapon, and global financial chiefs have suggested that they may look to more aggressive tax collecting measures in advanced economies. As NFT sales took a plunge, Mark Cuban, Metakovan, Snoop Dogg, Ashton Kutcher, and more will judge an NFT-themed Shark Tank-style contest. Lastly, check out what Coinbase CEO, Paris Hilton, and McDonald’s have in common.
Here’s what you came for – the best weekly collection of crypto jokes.
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Heey, CT! How was this week?
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The week might have had some low days…
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…and the mood might’ve been vengeful…
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…but CT was hard at work.
My reaction to every Bitcoin dip from r/Bitcoin
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Meanwhile, at the undecided side of things:
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Manual, third-party pumping.
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This is a serious cute– I mean threat, people! No joke with this one.
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Your friend while you ‘shortly’ explain everything bitcoin.
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Your friend after your ‘short’ introductory lesson on DeFi.
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Is NFT craze an official diagnosis yet?
BREAKING: Microsoft announces they are renaming NTFS to NFTs, will automatically put all your photos on the blockchain.
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Another question: are NFTs now like MLMs?
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Only the most proficient of vandals use Paint tools.
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Ethrowback.
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You see. It gets better…
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Remember this feeling?
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Imagine their backs.
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Speaking of shitcoins and those who buy them:
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Unlimited supply of princesses.
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Here’s a documentary on the emotional state of the market.
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And your crypto weekend movie. Enjoy!
Printing machine go brrrr from r/Bitcoin
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