Crypto Is ‘Dead in America’, Binance.US Says Goodbye Travel, Countries Say Hello to CBDC, and 20 Crypto Jokes

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This Week in Crypto: Crypto investment funds saw outflows for the first time in 6 weeks, Bloomberg analysts said Bitcoin’s upcoming halving could send BTC past $50,000, the Bitcoin volatility index hits 6-week low despite macro risk events, daily Bitcoin network transactions hit near-record highs, Ethereum staking saw record weekly inflows worth over $100,000 a billion dollars, and a Cambridge study found that the Ethereum network over its lifetime has used as much energy as Switzerland. Arthur Hayes claimed that the average crypto user prioritizes ease of use over decentralization, and Chamath Palihapitiya said that “crypto is dead in America” under regulatory pressure.

Next, Coinbase sued the US SEC and asked the court to compel the agency to respond to the petition for clearer crypto regulatory guidelines. Binance.US pulled out of the $1.3 billion deal to buy Voyager, citing a “hostile” regulatory climate in the United States. , a court in Gibraltar ordered several crypto exchanges to help investigate the Globix collapse, and the crypto community was abuzz with speculation as rumors swirled about potential US government involvement with bitcoin wallets.

While all of this was going on, South Korean prosecutors indicted Terraform co-founder Daniel Shin and nine others on multiple counts, Do Kwon’s lawyers argued the US SEC had no jurisdiction on Terraform, attorneys for Sam Bankman-Fried struggled to meet their client’s bail conditions, and the bankruptcy of FTX claimed another victim when the Web3 video game Storybook Brawl shut down. KuCoin’s Twitter account was attacked, but the exchange pledged to reimburse affected users, and the US OFAC sanctioned three people who supported North Korea through illicit financing and malicious cyber activity.

Meanwhile, Zimbabwe’s central bank was planning a gold-backed digital currency to stabilize the local economy, China’s Changshu wanted to become the first city to fully pay its employees in the CBDC, Tencent said WeChat would allow users to make digital payments in yuan on applets and video channels, South Korea was getting closer to launching a CBDC with a new bill to create legal terminology, the ECB said the European CBDC would be designed in the interest of privacy but would never be as private as money, and the government said that the Russian CBDC could be released before 2023 is released.

We have learned that Hong Kong will issue guidelines on the licensing regime for crypto exchanges by next month, the Bahamian securities regulator unveiled draft regulations drawn up in response to the collapse of FTX, French taxpayers reported some $442 million in crypto trading profits in the most recent tax year, and El Salvador started Bitcoin and Lightning development courses. Meanwhile, Cosmose AI entered into a strategic partnership with the Near Foundation and reached a valuation of $500 million, and Bridgewater executive Diana Zhang joined crypto investment management firm BlockTower Capital.

Let’s laugh at some jokes now.

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GM, CT. What’s new? Or down?

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How is your week going?

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Let’s listen to the market experts.

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No regrets !

Source: web3.0_memes/Instagram

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So, trade? Market analysis?

Source: cryptopayaso / Instagram

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HODL, ungrateful little pieces of shit…

Source: coin.office / Instagram

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Here we go.

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I do not feel very good. Not bad. It’s just not good, you know?

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Find the difference!

Source: bitbase__es/Instagram

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Determination? Constipation?

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Ready, get ready…

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Two years in NFT is like two decades anywhere else.

Source: game_hub3.0 / Instagram

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Max all out! Max it OUT! MAX!!

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It will be a while. Sit down.

Source: last_week_in_crypto / Instagram

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Let’s hear the wise words this elder has to share with us.

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“I lost the house. LOL!’

Source: dailycryptomemes4313 / Instagram

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Bright. So well done. Expert level.

Source: Instagram

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A lesson for the newcomers among us. To welcome.

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An educational documentary.

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And a comforting film for the weekend.

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