Dump and miss, close banks, withdraw and lay off, and laugh at 20 crypto jokes

This Week of Crypto: Investors last week dumped a record amount of bitcoin and missed a rally, on-chain indicators screamed bitcoin bull market, Ethereum’s annualized deflation rate briefly topped 5%, bitcoin surged added nearly a million non-zero addresses in less than a year. month USDC regained its peg at $1 after US regulators ensured Silicon Valley Bank depositors could access their money, Argentinian bitcoiner claimed BTC could one day overtake gold as trading commodity, and Nomura predicted that the US Fed was done with interest rate hikes.

In banking news, US regulators closed Signature Bank two days after Silicon Valley Bank shut down in a massive meltdown affecting billions in deposits, HSBC acquired the UK subsidiary of Silicon Valley Bank for £1, NatWest imposed a monthly crypto exchange payment limit of $6,000, Anchorage Digital laid off 75 employees, about 20% of its workforce, and crypto companies were shifting their money from banks to asset managers.

In exchanges, Binance halted deposits and withdrawals in the UK after Paysafe halted support for GBP transactions, the US government demanded a halt to the billion dollar Voyager-Binance.US deal dollars but was declined, Binance confirmed plans to convert $1 billion in BUSD to native crypto-assets, Coinbase proceeded with the planned suspension of BUSD trading, and Coinbase confirmed it has approximately 240 million dollars of business cash balance with Signature Bank.

In regular, legislative and legal news, the UK will strengthen oversight of the crypto industry with separate reporting in tax forms, US SEC Chairman Gary Gensler has reiterated that tokens using staking mechanisms could be considered securities, the US DoJ probed two major trading companies over plans for a potential TerraUSD bailout, a Russian lawmaker called for legalizing crypto mining as it would benefit both miners and in government, the US SEC accused an exiled Chinese business tycoon of crypto-related fraud, the US DoJ and Europol took down crypto mixer ChipMixer, and Spanish soccer clubs sued crypto sponsors after merger deals failed. sponsorship.

In various news, DeFiance Capital has raised $100 million for its liquid token fund, and Cathie Wood’s Ark Investment has raised over $16 million for two new private crypto funds. South Korea said North Korea’s crypto-hacking campaign could be immune to international sanctions, Euler Finance was the victim of a flash loan attack resulting in the theft of $200 million, and two top professional footballers Brazilians claimed they had fallen for a crypto scam. Meta discontinued NFTs on Facebook and Instagram less than a year after its launch, while El Salvador launched university courses on developing Bitcoin and Lightning Network.

It’s time for some carefully selected jokes!

__________

Hello CT! Ho are you doing?

__

Let’s check BTC.

__

Godeffindarnit!

__

What are the experts saying?

__

Atlas does its thing.

__

Let’s see what the United States was doing.

__

TradFi has gone crazy this week. Bonkers.

__

“Damn crypto!”

__

Why crypto. For what.

__

So well planned.

__

‘Whaaa…’

__

A new strategy.

__

What a brilliant haiku!

__

Someone has a death wish.

__

Here is this week’s topic of discussion. Discuss.

__

Satoshi is already in position.

__

Basic kit?

__

Rich vs free.

__

A lesson for the end.

__

Finally a song. Have a nice week end.