Snapped Up Stakes, Stepping Down CEOs, CBDC Pilots and 20 Crypto Jokes

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Sead Fadilpašić

Journalist

Sead Fadilpašić

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Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

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June 26, 2023

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This week in the Cryptosphere: Vitalik Buterin said that high Ethereum fees might be gone even before ETH 2.0, and DeFi darling yearn.finance crashed 60% from its ATH, while Virgin Galactic Chairman said BTC can’t be correlated to traditional assets. TaoTao said it “ended negotiations” with Binance, and the SBI Group snapped up a controlling stake in TaoTao from Yahoo Japan. BitMEX crackdown might turn the regulatory eye towards DeFi, while the exchange saw large drops in open interest and BTC balances, and then Hayes stepped down from his 100x Group CEO role. MetaMask revealed a token swap feature as it surpassed 1m monthly active users, and Ripple won a major battle in court with one more claim left to battle out.

But wait! There’s more. The South Korean central bank announced its CBDC pilot for 2021, digital yuan testers spent USD 52 per transaction on average, Europol called on EU members to press crypto businesses to enforce tighter KYC policies, and the OCC may clarify if banks can hold private coins. The SEC invited innovators in the crypto space, saying that stocks may become tokenized, and it also said John McAfee was promoting ICOs without disclosing he was paid to do so. Investors keep ignoring Indian crypto ban rumors as Tim Draper backed Unocoin exchange, BMW Korea launched a blockchain-powered “lifestyle” platform, and Bitcoin-inspired art sold for over USD 131,000 at Christie’s.

And now, here are this week’s crypto jokes. Enjoy!
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Morning, Crypto Twitter! What will you be doing today?

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A wanted man still at large.

Have you seen this man? from r/CryptoCurrency

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Who said crypto terminology is difficult?

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Because it’s transparent, you know how many hours they’ll be late.

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You see… Totally fixed it.

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Is Trump a degen?

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Just a teensy-weensy bit.

I may be a little bit over-invested. from r/CryptoCurrency

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Eternal dip.

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If you ever wondered what that dynamics looks like.

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Or it could go like this.

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Derivatives and bovine faeces.

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It’s a simple and extremely honest reply.

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A sound plan. Makes all the sense.

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Here’s a reply to that question in a chart for higher clarity of comprehension.

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Recognise anybody you know?

Nope that’s not us from r/CryptoCurrency

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A short reminder to remember to not forget to be careful what you invest in.

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And a short reminder where you might be eventually.

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And for the end, let’s look back at one crypto week.

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And yet:

Bitcoin dodging this weeks news from r/Bitcoin

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Because:

Bitcoin is always staying tall and proudly from r/CryptoCurrency