Bullish Bitcoin Bear, Shadowy Ethereum Forking, Stupid Altcoin Listing, and 20 Crypto Jokes

Let’s see what crypto news this week brought us. The crypto market traded lower over the past weekend, with US inflation data, possible US Fed moves, and bearish-looking technology stocks weighing on investors’ sentiment, with crypto market stuck in a ‘bearish lull’ stablecoins saw growth, Ethereum devs called the first mainnet shadow fork a ‘huge success’ and proposed fixes for bugs, but there’ll be no Merge until “a few months” after June, AVAX went up as the Avalanche developer reportedly seeks USD 350m in funding, and Robinhood CEO shared an old idea of increasing Dogecoin block size. Acuiti said that high volatility is necessary to attract traders to the crypto derivatives space, and Nasdaq found that 86% of the surveyed US financial advisors plan to raise crypto allocations. US record-holding astronaut Scott Kelly dropped his first-ever NFT to support Ukraine, Belarus-based Currency.com banned Russian clients, and Bitfinex and Tether set up a crypto relief fund to aid the families of those affected by the gang-related violence in El Salvador. Speaking of NFTs, the first-ever Jack Dorsey Tweet has been reauctioned but so far got a massively lower bid than expected.

Coinbase was all over the news: CryptoCompare said that Coinbase ranks top among crypto exchanges and that ‘oligopoly’ is likely coming, Coinbase halted support for India’s payment system after a watchdog claimed it was not aware of “any crypto exchange using UPI”, and it faced criticism from the community again for listing ‘dead’ and ‘stupid’ tokens. Also, Bored Ape Yacht Club is launching a film series with Coinbase while Snoop Dogg is collaborating with Clay Nation to launch a new collection on Cardano. Meanwhile, two new ERC token standards aim to standardize tokenized vaults and add the refund option to NFTs, and Axie Infinity developer Sky Mavis is offering up to USD 1M in bounty to those who identify ‘fatal bugs’, while the FBI found that North Korea’s Lazarus group was behind the Ronin attack. Nexo launched a new Mastercard for its users to spend without selling crypto, OneDegree and Munich Re partnered to launch a new digital asset insurance product, Meta is testing metaverse “tools” that will let its users sell “digital assets”, Elon Musk will not be joining Twitter’s board of directors but he announced  ‘significant improvements’ and teased DOGE payments integration, but then he offered to buy 100% of Twitter, Terra spent additional USD 100m on BTC, and the financial giant BlackRock became a ‘strategic investor’ in Circle.

South Korean lawmakers, industry chiefs, and leading academics called for the President-Elect to create a crypto ministry, Spanish crypto investors are ‘fleeing to Portugal to escape taxes’ says lawyers, a small and rural Argentinian town invested in crypto mining hardware in a bid to raise money to pay for improved rail connections and “beat inflation,” crypto lobbyists are making breakthroughs with adoption-focused legislation at the state level in various parts of the USA, Coin Center said that the US SEC’s proposal on ‘exchange’ definition could be unconstitutional, and central banks across the world are struggling with privacy-related CBDC questions. Meanwhile, Ripple claimed a “big win” in court against the US SEC, Virgil Griffith got a five-year jail term, and Craig Wright may need to go back to court to fight Ira Kleiman once again.

Enjoy your jokes!

__________

Hey, CT! What are we discussing this week?

__

Fresh old narratives, yummy.

__

We started from the bottom and now we’re here. We may be back to the bottom, but we’ll be here again.

Source: btcclicks / Instagram

__

Thorough!

__

I don’t know what’s with these stablecoins, but they just don’t want to go to USD 2.

__

One of those culturally inappropriate questions.

Source: altcoinsara0 / Instagram

__

Riiight…

__

You see, nothing psycho about it.

__

An excellent time to add to the sat stack.

Source: coinexmemes / Instagram

__

Only true HODLers will understand.

__

Poof, it’s gone.

__

Wen The Splurge?

__

‘NFTs! Fresh NFTs! Second-hand, but in excellent condition! Only 50 million!”

__

‘Just deflate it!’

__

‘That number sounds realistic, I’m in, take my money!’

__

What does anything mean anymore? What do the words mean?

__

He’s eloning.

__

Petty cash.

Source: wallstreetbets.page / Instagram

__

If only at least 1 hundred thousand more people said something…

__

And a short documentary on central banks’ economic strategy.