Dropping, Death Charts, Doubling Down and 20 Crypto Jokes
This Cryptoweek, BTC dropped below USD 30K, before sharply rebounding, and although a death chart appeared on the charts, it may mean nothing at all. Despite the general market downturn, Amber Group became a new unicorn in the Cryptoverse. PayPal, Visa and other traditional investors doubled down on crypto investments through a Blockchain Capital fund, and while MicroStrategy is down by USD 479m in 2021, it’s up by USD 676M in 10 months since its first BTC purchase. Meanwhile, Deutsche Telekom teamed up with Andreessen Horowitz in a deal involving Celo, Canaan became a bitcoin miner in Kazakhstan, StakeHound sued Fireblocks over ETH 38K, and while Nassim Taleb released a dirty swan into the world, Bitcoiners were quick to clean it.
Chinese central bank said that all the nation’s biggest commercial banks and Alipay agreed to help it enact a stronger crackdown on crypto, and following the announcement that many major farms in Sichuan would close, Ethereum, Litecoin and co. miners started running fewer rigs amid a bitcoin hashrate drop. The Salvadorian press wasn’t dazzled by the visit of Brock Pierce and ‘Bitcoin Delegation’, while another Salvadorian MP launched a bid to derail the BTC adoption bill, but an overseas exchange opened its doors for business anyway, with President Bukele giving a “sneak peek” at the nation’s new “green” mining center. The South Korean financial regulator was looking to Singapore for inspiration as it formed new crypto sector policies, while the country’s latest tax evasion bust saw crypto worth USD 47m seized. Meanwhile, the BIS keeps bashing bitcoin while preparing the ground for CBDCs.
Also, sad news hit the cryptoverse as John McAfee left this world.
But the world kept spinning. Odds-on mayor favorite said he aims to make New York a “Bitcoin Center,” while two brothers vanished in Africa with USD 3.8bn in BTC at the same time when Andreessen and Horowitz secured USD 2.2bn for their crypto investments. Ethereum started testing their London upgrade and EIP-1559-related expectations, while El Salvador said it will start its big Bitcoin test with a BTC airdrop. In other news, Jack Dorsey and Elon Musk agreed to have “THE Bitcoin talk” and FATF decided to talk about its crypto rules in more detail in October.
And now, as we’re still in June, your carefully selected collection of crypto jokes is waiting below. Enjoy!
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Heey CT, how’s it going?
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Hey Mark, how’s it going?
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But if it’s two layers, it’s fine.
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They say death crosses don’t mean much anyways.
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It’s so important, for sure.
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Seen it all, my friend.
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After that move, you’ve got all the right to dab.
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Most certainly, absolutely.
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MicroStrategy has a plan.
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Why? That’s all, thank you.
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Meh, just relax.
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‘Hey, wanna hear about NFTs?’
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This is why analyses are important.
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I’m not crying, there’s something in my eye…
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Putting things in perspective 1:
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Putting things in perspective 2:
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Thank you.
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‘Do you hear something? No? Carry on.’
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An excellent strategy.
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And, of course, a song for you.
