The cryptosphere is heating up. While some traders were excited about new bitcoin and ethereum highs fueled by the bitcoin ETF launch, others managed to buy BTC for as low as USD 8,000. And while bitcoin price remains in price discovery mode, the asset seems to become increasingly attractive for gold investors, even though crypto investors are starting to become excited about potential ethereum ETF. One party that was not excited about recent developments in the crypto market was China, whose national media was especially poor when it comes to crypto coverage.
Big players are not sleeping either. Earlier in the week, Facebook took another step towards the metaverse, Walmart started its Bitcoin ATM pilot at 200 of its stores. Twitter boss Jack Dorsey kept on tweeting cryptic messages, while Ethereum developers came up with an abstract date for Ethereum 2.0 merge.
Still, it’s not all quiet on the Western front. Financial Action Task Force (FATF) is preparing new recommendations for dealing with crypto, and Australians are coming up with a regulatory framework, too. More regulatory news came from Russia and Pakistan too, where local officials are trying to come up with an appropriate framework for crypto assets, while crypto adoption has been soaring in Nigeria, Malaysia, Australia, Indonesia, and Hong Kong.
Finally, there are the jokes.
Sleep is for the nocoiners.
Forever. Except the bear markets.
One database to rule them all.
Not financial advice?
Life comes at you fast.
Ah, the good old crypto tan.
Your crypto party tune for the weekend.
Worldcoin or Worldbooba?
I’m more of a PDF guy.
Bull summoning anthem.
He chose bread.
You can never know…
This fairy knows the fair price.
A, a prophetic blast from the past – 2012. Enjoy your weekend!