Battling Wall Street, Sheriff of Nottingham, High Doge and 20 Crypto Jokes

Sead Fadilpašić

Last updated: June 26, 2023 06:53 EDT | 2 min read

What a crazy week! And vastly entertaining! As the Wallstreetbets story intensified, pushing the price of GME up, the market got a new entrant, a a ‘wrapped’ GameStop token, and then DOGE soared right into top 10! Then Robinhood halted buying of the first and trading of the second, saying they weren’t directed to do so by anybody, while the angered retail investors called it the Sheriff of Nottingham in disguise and started looking for a new home, setting their eye on Coinbase who’s getting ready for a direct listing. Meanwhile, the market appeared to be on much healthier footing following the leveraged unwind, Ray Dalio sent an even stronger signal that Bridgewater Associates is eyeing BTC, and Elon Musk added BTC to his profile on Twitter. XRP dropped despite positive reports, and a lawsuit against Ripple over USD 50 emerged. Chainalysis said ETH reached ATH because of demand to use it as collateral in DeFi, while bitcoin reached its own because of demand from new, large investors. As Marathon Patent Group bought BTC 4,812 for USD 150m, Visa said it wants to work with exchanges and wallets on handling crypto and ‘digital gold’ BTC.

And there’s more. As the Chinese Central Bank Governor signalled that the USD 37bn Ant Group IPO may still happen, the Central Bank of Bahrain issued a license to a new crypto exchange to offer Sharia-compliant crypto services. Lawyers took aim at Russia’s crypto legislation, Bitonic took Central Bank’s KYC requirements to court, while in Davos, the banks were warned that they risk falling behind to digital finance networks and providers, and the Governor of the Bank of England said that crypto and stablecoins are yet to “land” on the design and governance models required for “a lasting” digital economy. There are suggestions that Chamath Palihapitiya stands a chance of becoming the Governor of California, JCB will be working on a crypto-related pilot, and a new Bill Gates-backed app featuring AI, Big Data, and blockchain technology rolled out in South Korea. And while all this has been happening, Craig Wright’s attempts to stop the publishing of the Bitcoin whitepaper actually helped Bitcoin, while MrBeast wants to send BTC to the literal Moon.

And here is your weekly selection of jokes.
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Hey, Crypto Twitter! What’s up?

While he’s at BTC…

The week in one tweet.

‘I’m sure I left them somewhere around here…’