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It’s time to wrap up another exciting week in crypto – and what a week it has been! Crypto ‘dogs’ were embroiled in a bitter fight that sparked a new pump of other dog and cat themed tokens, Shiba Inu fans could learn a lesson from Dogecoin, and Floki Inu ads flooded the market. City of London. As if that weren’t enough, someone led a fake sale of half a billion CryptoPunk, and Facebook renamed itself Meta after announcing its intention to conquer the Metaverse.
Over-leveraged crypto traders have yet to learn their lessons and have caused another wave of half-billion liquidation, but El Salvador President Nayib Bukele bought the decline and left his anti-criticism. BTC silenced. Meanwhile, ethereum (ETH) rebounded even stronger and even tested a new all-time high before its Altair hard fork while Cream Finance (CREAM) suffered another exploit and lost $ 100 million.
Regulators continue to engulf the industry as the Financial Action Task Force (FAFT) released its updated guidelines and appear to have decentralized finance (DeFi) and non-fungible tokens (NFT) in its sights. At the same time, the United States Securities and Exchange Commission (SEC) is moving forward with its plan to crack down on stablecoins, and the US Commodity Futures Trading Commission (CFTC) is also seeking a regulatory role for crypto. In addition, the United States Federal Deposit Insurance Corporation has also joined in the fun and is working on a roadmap for banks to engage in crypto assets as the country’s top politicians mull over a tax. controversial over latent gains. Other countries are not lagging behind and are leading the way for ‘regulated’ crypto innovation – the Argentine futures options exchange and the Australian Securities and Investments Commission have joined the crypto ETF rush. Still, they have a long way to go as Nigeria launched its central bank digital currency – eNaira, and Mastercard is working to bring global bitcoin payments into its network.
Yes, that’s a lot to digest. Let’s try again but this time in the memes.
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The era of FAANG finally turned into …
Meanwhile, in the crypto markets …
Seems reasonable.
Never say inflation three times in the mirror …
Just one more day at the office …
Finally a good analysis …
Welcome to the Printaverse.
What theft!
“I was just a businessman … doing business …”
Now we have the Byzantine dog problem.
Source: Twitter / @ Disruptepreneur
It is bullish.
Who needs privacy when you have Ethereum.
Whoops…
Their loss … I guess …
This will revolutionize the economy of the eyeball.
Call your accountant now!
Meanwhile on Twitter Bitcoin …
NFTs are the future of the future.
The crypto economy is supported by leveraged traders.
Home made.
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