Unrealized Metaverse, Dogs, and 20 Crypto Jokes
It’s time to wrap up yet another exciting week in crypto – and what a week it was! Crypto “dogs” have been entangled in a fierce fight which ignited yet another pump of other dog and cat-themed tokens, Shiba Inu fans could learn a lesson from Dogecoin, and Floki Inu ads flooded the city of London. As if that’s not enough, someone conducted a fake half-billion CryptoPunk sale, and Facebook renamed itself to Meta after announcing its plans to conquer the metaverse.
Overleveraged crypto traders have not yet learned their lessons again and caused yet another half a billion liquidation spree but El Salvador’s president Nayib Bukele has bought the dip and left his anti-BTC critics in silence. Meanwhile, ethereum (ETH) bounced back from the dip even stronger and even tested a new all-time high ahead of its Altair hard fork while Cream Finance (CREAM) suffered another exploit and lost USD 100 million.
Regulators continue to engulf the industry as Financial Action Task Force (FAFT) released its updated guidance and seems to have decentralized finance (DeFi) and non-fungible tokens (NFTs) in its crosshair. At the same time, the US Securities and Exchange Commission (SEC) is moving ahead with its stablecoin crackdown plan and US Commodity Futures Trading Commission (CFTC) is looking for a crypto regulatory role, too. Besides, the US Federal Deposit Insurance Corporation has joined the fun as well and is working on a roadmap for banks to engage with crypto assets as the country’s top politicians are mulling a controversial unrealized gains tax. Other countries are not falling behind and are paving the way for “regulated” crypto innovation – Argentina’s Futures Options Exchange and Australian Securities and Investments Commission have joined the crypto ETF rush. Still, they have lots of catching up to as Nigeria has launched its central bank digital currency – eNaira, and Mastercard sprints towards integrating global bitcoin payments to its network.
Yes, that’s a lot to digest. Let’s try that again but this time in memes.
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The era of FAANG finally turned into…
i’m sorry pic.twitter.com/qn3ihlNmrR
— Jane Manchun Wong (@wongmjane) October 28, 2021
Meanwhile, in crypto markets…
https://www.twitter.com/naiiveclub/status/1453680563877933057Sounds reasonable.
https://www.twitter.com/QwQiao/status/1452607451564548109Never say inflation three times into the mirror…
https://www.twitter.com/CryptoCobain/status/1452601170720083968Just another day in the office…
This the crypto experience. https://t.co/u7WaimB7Vl
— xamanap (@xamanap) October 28, 2021
Finally a decent analysis…
Christine Lagarde on #Bitcoin. Gradually then suddenly… pic.twitter.com/iDuNum37ih
— Nakamooten (@jtmooten) October 28, 2021
Welcome to the Printaverse.
BREAKING: THE FEDERAL RESERVE CHANGES NAME TO PRINTA
— Not Jerome Powell (@alifarhat79) October 28, 2021
What a steal!
When they zig, you zag pic.twitter.com/2jqci61tK8
— Bankless (@BanklessHQ) October 29, 2021
“I was just a businessman…doing business…”
send me half million ill send you back half billion
— greg (@greg16676935420) October 29, 2021
Now we have the Byzantine Dog’s problem.
This is bullish.
ahhhhh pic.twitter.com/5cXzyIeGku
— Kyla Scanlon (@kylascan) October 21, 2021
Who needs intimacy when you have Ethereum.
https://www.twitter.com/AnonNgmi/status/1452367289777627141Oops…
— Pollo2x (@Pollo2x) October 25, 2021
Their loss…I guess…
https://www.twitter.com/DegenSpartan/status/1452516416297467905This is going to revolutionize the eye-ball economy.
Escaping with my children from the Worldcoin demo. pic.twitter.com/XFWCRPbJrI
— Autism Capital 🧩 (@AutismCapital) October 25, 2021
Call your accountant now!
how many unrealized children can i claim on my tax return?
— StopAndDecrypt 🖕 (@StopAndDecrypt) October 25, 2021
Meanwhile at the Bitcoin Twitter…
https://www.twitter.com/DWhitmanBTC/status/1452946066509336581NFTs are the future of the future.
NFT owner ventures into the real world pic.twitter.com/Xo3ksEp6rz
— FlyingFish (@FlyingFish_SSB) October 26, 2021
The crypto economy is backed by leveraged traders.
how leverage traders see spot traders…https://t.co/1p7TqlLl6P
— xamanap (@xamanap) October 27, 2021
Self-made.
“Bruh imma self made $SHIB millionaire” https://t.co/SoNErxszTj
— xamanap (@xamanap) October 28, 2021