28 Aug 2021 · 1 min read

Price Ups, Market Downs, Regulator Poops and 20 Non-Fungible Crypto Jokes

The end of the summer is nearly here but crypto never ends. This week, the regulators were setting up to poop yet another bitcoin USD 50k party, and they might be coming for the DeFi golden goose, too. The regulatory situation has been creating a drama between exchanges, their users and regulators in South Korea, while Spanish exchanges may have to wait to discover their fate until October.

It was another great week for NFTs as Visa bought a CryptoPunk and NFT whales reportedly prefer sticking with NFTs by LarvaLabs. Luxury fashion magazine Vogue brought NFTs to high-end fashion as Facebook hinted that its eyeing NFTs, too.

Last but not least, Tethers that were frozen in Poly Hack were returned, fueling a centralization debate. Bitcoin hashrate continued to recover while Ethereum has already burned over 100,000 ETH just three weeks after EIP-1559 implementation.

This was our weekly top headlines, beaten only by our weekly top memes collection. Enjoy!

____

What a fun ride this has been.

__

Let's check how bitcoiners are feeling.

__

Wait! This just in.

__

These crypto markets can be brutal.

Source: andre_crypto / Instagram.

__

Transcryptoformers.

__

Visa entering NFTs this week.

__

Smart contracts, baby.

ada hodlers
Source: gstradinggroup / Instagram

__

Same tools, different goals.

Source: cryptodoroki / Instagram

__

Beautiful life of a humble holder.

Source: Deterministic Optimism / Twitter.

__

Don't forget to keep your finances entertained.

Source: BTClicks / Instagram.

__

Another type of a smart contract.

Source: RookieXBT / Twitter.

__

Repeat after me: not a cult.

Source: Reddit / u_trulywacky

__

Greetings, bears.

__

Send beer NFTs.

__

Imagine Bitcoiners everywhere when BTC reaches new highs...

__

Easy.

__

This time going to zero for sure.

__

Diamond hands!

__

Full circle.

__

How time flies! Have a good weekend everyone!