First ETHs, High BTCs, Pushed USDCs and 20 Crypto Jokes

December 05, 2020

This rallying week, after a short correction, bitcoin started hitting all-time highs. We took a look at the 3 and a half phases Ethereum will go through on its path to full ETH 2.0 rollout, just before the long-awaited launch of Phase 0, with a number of exchanges supporting ETH 2.0 staking. Speaking of ETH, a professor said that EIP-1559 can’t lower the fees on its own. Meanwhile, two DeFi protocols were set to merge, YFI and SUSHI, with their respective tokens surging. And as the new month started, we also looked into the top winners and losers of November, BlackRock CEO said Bitcoin makes the USD less relevant, and Kraken’s clients said that in 2021 bitcoin and ethereum may hit USD 25K and USD 900, respectively.

That's far from all. As Visa makes a stablecoin push with Circle’s USDC, stablecoins got another regulatory headache in the US, the ECB President touted the digital euro, but also bashed bitcoin and stablecoins, China’s state-run press agency urged citizens to ignore the BTC hype and keep faith in the pro-blockchain policies, and BIS said CBDC issuance will be a success only if the private and public sectors work together. Meanwhile, a report showed how Cubans are sidestepping US sanctions by using BTC, ETH, and DOGE; another major company joined the investment competition and announced its plans to allocate up to 10% of its net assets to BTC, and JPMorgan said that investments into and out of the GBTC over the coming weeks will be key for the BTC price direction. Also, Sberbank hinted that it may issue its own cryptoasset Sbercoin, and BitMEX's 100x Group found a replacement for Arthur Hayes in Europe.

And here’s that special weekly crypto treat made just for you!
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Morning, CT! How’s everybody after this amazing week?

pic.twitter.com/NpHdFWumah
— smilinglllama (@smilinglllama) November 29, 2020

Sure, sure... But BTC is up!

#Bitcoin pic.twitter.com/s2LHP2AvdI
— Alistair Milne (@alistairmilne) December 1, 2020

Makes you feel good, doesn't it?

First ETHs, High BTCs, Pushed USDCs and 20 Crypto Jokes 101 — Source: bitcoin.baddie / Twitter

Uuh, I smell lawsuits, appeals, and other law-y, court-y stuff!

The CEO of BINANCE tweeting about STEELING our very big ALL TIME HIGH!

CZ... as many people call him, Corrupt Zhao, is laughing in the face of many fine Bulls and very good people. Not good!

We made a big all time high! Must be recognised by the courts! https://t.co/0jWpMb6twM
— KING CO฿IE (@CryptoCobain) November 26, 2020

Ah, look at that BTC go… A bit volatile, but still. You go, bitcoin!

Congrats Fam, we finally made it.
New ATH ! Keep Hodling ! #Bitcoin pic.twitter.com/VlGM2w7xIl
— Bitcoin Meme Hub 🔞 (@BitcoinMemeHub) November 30, 2020

It wasn't easy hearing that phrase about 20K times a day, but it was worth it.