Ethereum's Confirmations, Not-Really Comebacks, Losing Attackers and 20 Crypto Jokes

 

The bear market must go on. This week we learned that bitcoin miners sold 660% more bitcoin in Q2 compared with Q1, while decentralized finance broad total value locked experienced a decline. Ethereum will be 55% complete post-merge, according to Vitalik Buterin, while the first stage of the ETH merge has been confirmed.  

Even so, the crypto market appeared to be making a steady comeback ahead of a key US Jackson hole meeting, as experts have begun to anticipate bitcoin’s price comeback to the USD 65,000 level. although Glassnode found that the bitcoin price uptrend failed to attract new active users. Nevertheless, non-fungible token markets followed with a relief rally, too. Meanwhile, Rainbow Bridge has successfully survived another hack attempt by making the attacker lose 5 ETH.

On the national level of news, we witnessed Ukraine blocking a Russian-connected wallet ahead of its independence day celebration, a Japanese mayor visiting Ripple’s headquarters, and Indian investors expressing a desire to invest more into crypto in the next six months. That said, Brazil’s Senate started looking for blockchain and crypto asset experts, and an Argentinian president hopeful and bitcoin advocate was caught shilling a crypto scam project.

Now here’s a ‘too long, didn’t read’ summary of the above via the universal language of memes. Enjoy!

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So, what have you done this summer?

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He was called the supreme leader of finance.

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This is fine.

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It’s a bitcoin eat bitcoin world. 

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Nothing to see here.

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You guys still have fiat for buying the dip?

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When you are your own best counter-indicator.

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In it for the tech, obviously.

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I don’t think there’s a way back, Mr Frodo.

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You what?

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Ah yes, classic bear market.

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Welcome!

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Crypto needs more regulation!

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Crypto is for everyone. This is not financial advice.

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Casual business.

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When moon?

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Hello?

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That's the spirit!

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The key difference is being active on crypto TikTok.

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Enjoy your weekend!