Major Transacting Oopsies, Minor Panicking Ouchies and 20 Crypto Jokes

In this week’s major oopsie, Bitfinex paid USD 23.5m in transaction fees, but the block’s miner decided to return nearly the entire sum, and DeversiFi soon explained what happened. And then, another oopsie happened when a Compound contract started giving out major rewards to claimers, with the Cryptoverse discussing how legal or ethical it is. OKEx and Huobi tokens were trying to recover as the latest crackdown in China was taking effect, DYDX soared as the protocol saw a trading volume double that of Coinbase, and ADA dropped despite Cardano gave more details on the Djed stablecoin and new partnerships. The BIS said that the multiple CBDC platform they’re working on with four central banks may cut international payment costs by up to half, while the President of El Salvador refuted that the state will seek to pay pensions or allow firms to pay wages in BTC, and soon announced that first volcanic BTC was mined. Speaking of BTC, ‘extreme volatility’ is expected as investors learn to value it.

Meanwhile, Swiss fintech launched the country’s first regulated crypto asset fund. The regulatory battles against the crypto industry continue, with the latest one in the US being against Kraken, but crypto community finds there is little reason to panic about the US debt ceiling issue. American crypto investors are taking advantage of two key “tax loss harvesting” loopholes, but lawmakers are already seeking to close them. In South Korea, the crypto sector was still reeling from last week’s carnage, trading volumes were shrinking at crypto platforms there, with new restrictions being confirmed, and the country’s taxman was set to be granted the right to search crypto tax evaders’ homes, but blockchain-powered pay and stablecoins were thriving. That said, more crypto regulation may be on its way in South Korea and Japan.

Facebook unveiled a two-year USD 50m investment in global research and program partners to ensure a “responsible development” of the metaverse, Bitcoin miners are partnering with operators of struggling, carbon-free nuclear plants, NFL and Dapper Labs are set to unveil a new digital collectibles marketplace, and Twitter offered a sneak peek at the upcoming NFT integration. Over a third of 38% of surveyed young Spaniards are considering making crypto investments, while another survey found that in the LatAm region crypto interest is lowest in Chile. As all this was happening, the trading hamster Mr Goxx outperformed Warren Buffett’s Berkshire Hathaway and S&P 500.

And now, laugh.

__________

Hiii, CT! What’s are you up to?

Or maybe it’s…

Let’s see how the week went for the ETH community.

How about the ETH camp?

Just wanted to ask a few questions….

As soon as the dinner is over:

Source: thefatbitcoin / Instagram

Never has a truer statement been made.

“If I could turn back time
If I could find a way”

gf ngmi.