Soaring, Plunging, Being Indecisive, and 20 Crypto Jokes

Sead Fadilpašić

Last updated: June 26, 2023 06:53 EDT | 2 min read

This week in crypto, bitcoin couldn’t make up its mind about staying above USD 12,000 as price went up to new yearly highs, while the hashrate dropped 25% in three days, as floods hit Southwest China. Then YFI exceeded BTC’s price, Tron dropped while JustSwap went live, while OMG soared on Tether news, and Waves surged on Neutrino Dollar news. A leading French academic and central bank policymaker called bitcoin a “myth” and a “pseudo-currency”, Grayscale CEO said they finished the “largest fundraising week EVER”, a bitcoin trader told everyone how he earned over USD 11 million”, and Roger Ver told the disenchanted BCH faction to switch to DASH.

As Brazil’s biggest crypto exchanges agreed to self-regulate, next round of possible BTC stimulus checks is unlikely to come before October. Chinese firms could look to end their dollar dependence in international trade deals using blockchain technology, two of China’s biggest state-owned banks registered a number of blockchain, multiple South Korean banks could launch crypto custody services by the end of 2020, and the U.S. Postal Service filed a patent application for voting system using Ethereum. Meanwhile, North Korea’s “fast-developing tech abilities” could be helping it scale up its raids on international crypto exchanges.

And now – the jokes!
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Morning, CT. What have you been up to?

Oow, always happy to see you too, BTC!