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This cryptoweek, Circle revealed their USDC reserves after three years, and its CEO thought it good that Janet Yellen called stablecoins ‘national security’ concern. Numerous dog-themed coins flooded the market with pumps and dumps, while a Dogecoin fan sued Coinbase for allegedly “misleading” sweepstake ad campaign. Mastercard announced they'll use stablecoins in a simplified crypto payments card offering, and America's oldest bank, BNY Mellon, doubled down on their crypto strategy. Before the market crash, some 70% of surveyed institutional investors planned to buy crypto, and now, in the US, people seem to trust crypto more, while lacking information about it. Elon Musk was in the news again, as he talked BTC with Cathie Wood and Jack Dorsey, and Vitalik Buterin was in the news too, stating it's time to move beyond DeFi. Also he made a cameo in a Kutcher-Kunis video.
A Salvadorian economist hit out at President Bukele after a report claimed that his family has been secretly planning the release of a stablecoin and a crypto wallet, and then demonstrators protested the Bitcoin Law in front of the Parliament. The EC announced "an ambitious package" of legislative proposals that would decrease EU citizens' privacy, and then they clarified what they meant by anonymous crypto wallets. China’s blockchain technology ambitions may be greater than thought, as a media outlet said they saw evidence of the CCP’s blockchain planning, and Beijing lashed out at three US Republican senators who had asked for a block on digital yuan for the US competitors at the Olympics. Meanwhile, Japan's top financial regulator is likely to create new DeFi, NFT, and CBDC regulations, while BlockFi got served with a cease and desist order by the New Jersey AG.
OpenSea turned into a unicorn, FTX was valued almost 20 times more in a recent investment round, Stellar is reportedly mulling acquisition of MoneyGram, footballing giants FC Barcelona could be set to sight up with a crypto-related shirt sponsor, and we looked into how big of a threat to your crypto the scandalous Pegasus spyware is.
And now, a very special, carefully curated section for our readers: z jokes!
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One part of CT this week:
#Bitcoin twitter during price drops https://t.co/TUMZKOkeBE
— Dennis Parker (@Xentagz)
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The other part of CT this week:
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Meanwhile, over at FT.
FinTwit whenever the S&P 500 drops 2.5% in three days https://t.co/vKYgu8E4BP
— Alex Krüger (@krugermacro)
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Now let's compare the two.
So real that it hurts lol https://t.co/kMbBmhy9AA
— Crypto Rand (@crypto_rand)
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BTC, please!
Please #Bitcoin, don’t dump me. https://t.co/ZOqW3sv7ct
— Panamax Tether (@Panama_TJ)
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Wow, that was rough. Need some support here.
#Bitcoin https://t.co/NHXDYyGcOL
— Will Clemente (@WClementeIII)
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Neverminded. 1 sat is still 1 sat.... 😭
1 $BTC = 1 $BTC, right guys?…guys??? https://t.co/cd0JNh5E00
— Blackbeard (@crypto_blkbeard)
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Impressive stability!
The B Word 2030 https://t.co/EJIyv2SC9T
— Kyla Scanlon (@kylascan)
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They'll be back (Terminator voice).
We'll be here when you come back https://t.co/ewWQIKD2mM
— FTX - Built By Traders, For Traders (@FTX_Official)
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Being anxious about the future in the Cryptoverse.
Pls #Bitcoin. https://t.co/uAfwVy86MT
— Crypto Rand (@crypto_rand)
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No seeds, no fruits, no flowers: no problem.
@TheCryptoDog Damn I wrote the seed in Japanese traditional style HELP ME https://t.co/JY62VffJJ2
— 鳥貴族@仮想通貨 (@yakitaro_coin)
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I'm one hair away from becoming a billionaire.
@Timccopeland Billionaire hair https://t.co/IdIfqVHnt3
— Molly (@bigmagicdao)
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Intermarket: 'Number gonna go up, Murph!'
Murph better BTFD. #Bitcoin https://t.co/GOV40gIPH0
— TikTok Investors (@TikTokInvestors)
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'I was like 'hey, babe', and this dude just popped up at my kitchen table...'
he says he’s friends with Ashton Kutcher?? classic case of schizophrenia and extreme delusion
— Mohammad (@Abu9ala7)
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Let's see what bulls were up to this week.
Bullas hoping ppl come back to their computers and buy the internet coins https://t.co/yebrHyyxpC
— George Harrap ☀️ (@George_harrap)
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How about bears?
— TraderSZ (@trader1sz)
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Sorry, what?
Has eth bottomed? https://t.co/MJbaounjLs
— ICE 'Bottom is In' BAGZ (@Milkman2228)
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Here's an educational documentary for all you BTC newbies out there:
@MikeTyson #BITCOIN FOR NEWBIES https://t.co/UBFRZhar4j
— RABBINSTEIN.SOV.PAHMPIT🌮⚡🔑🖕FIAT (@IwanRabbinstein)
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Also, a documentary about a day in life of Elon Musk fans.
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And a crypto weekend movie for you to enjoy. So, enjoy. Enjoying yet? Enjoy.
CAPITULATION https://t.co/VRwH727e6W
— CryptoChimp (@Cryptanzee)