Yet another week passed by. This time, we had Celsius Network enacting Chapter 11 bankruptcy protection and Elon Musk terminating his agreement to buy Twitter as the company vowed to fight back. Meanwhile, a panel said bitcoin could fall to USD 13,676 this year, some survey respondents said BTC is likely to fall to USD 10,000 before rising again. The crypto market fell ahead of a US inflation report for June, and while US inflation jumped more than expected, BTC and ETH fluctuated.
A free-to-mint NFT project The Saudis became the second most-traded collection on OpenSea, Axie Infinity was showing signs of life despite the falling NFT sales, and NFTs have found a way into the British legal system. At the same time, Uniswap users fell victim to a sophisticated phishing attack and lost over USD 8.1m worth of assets, and BitMEX postponed the listing of its BMEX token due to market conditions.
South Korea is ready to test its CBDC with commercial banks but said the launch is ‘a long way off,’ while a Venezuelan police agency caught criminals who had allegedly stolen crypto from pensioners. The BIS and the IOSCO outlined their “final guidance” on “stablecoin arrangements”, the Russian central bank said it’s against stablecoins and that only a digital ruble would do. The European Central Bank kept on pushing for a Central Bank Digital Currency with privacy “of the highest standard,’ as Kazakhstan’s President Kassym-Jomart Tokayev has approved new tax rates for crypto miners. Last but not least, we had Three Arrows Capital and their families “receiving threats of physical violence” per Su Zhu.
And now, it’s time to have a laugh!
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The economy is transitory.
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Can’t lose money to inflation if you don’t have any money.
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Time to go back to work.
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This will be big. I promise.
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Casino Federale.
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Not falling for it this time!
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Make sure to support developers with witty tweets.
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Mistakes were made.
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Consistency is the key!
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Here he is!
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Exclusive footage.
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The smartest minds are on Twitter.
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It’s about time!
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Happy holidays! Oh wait…
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It’s encrypted.
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Oops!
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Must admire the dedication!
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Excellent question.
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Yes.
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Enjoy the bear market!
A quick 3min read about today's crypto news!
