This
crypto
week:
investors
last
week
dumped
a
record
amount
of
bitcoin
and
missed
out
on
a
rally,
on-chain
indicators
screamed
bitcoin
bull
market,
Ethereum’s
annualized
deflation
rate
briefly
surpassed
5%,
Bitcoin
added
nearly
1
million
non-zero
addresses
in
under
1
month,
USDC
regained
its
$1
peg
after
US
regulators
assured
that
depositors
in
Silicon
Valley
Bank
could
access
their
money,
an
Argentinian
bitcoiner
claimed
that
BTC
could
one
day
surpass
gold
as
a
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
closing
Silicon
Valley
Bank
in
a
massive
collapse
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
or
roughly
20%
of
its
workforce,
and
crypto
companies
were
moving
their
money
from
banks
to
asset
managers.
In
exchange
news,
Binance
halted
UK
deposits
and
withdrawals
after
Paysafe
cut
off
support
for
GBP
transactions,
the
US
government
demanded
the
Voyager-Binance.US’
$1
billion
deal
to
be
halted
but
was
refused,
Binance
confirmed
plans
to
convert
$1
billion
worth
of
BUSD
to
native
cryptoassets,
Coinbase
proceeded
with
the
planned
suspension
of
BUSD
trading,
and
Coinbase
confirmed
it
had
around
$240
million
in
corporate
cash
balance
with
Signature
Bank.
In
regul-legisla-legal
news,
the
UK
will
ramp
up
oversight
of
the
crypto
sector
with
separate
reporting
in
tax
forms,
the
US
SEC
Chair
Gary
Gensler
reiterated
that
tokens
using
staking
mechanisms
could
be
considered
securities,
the
US
DoJ
probed
two
major
trading
firms
about
plans
for
a
potential
bailout
of
TerraUSD,
a
Russian
lawmaker
called
for
crypto
mining
legalization
as
it
would
benefit
both
miners
and
the
government,
the
US
SEC
charged
an
exiled
Chinese
business
tycoon
with
crypto-related
fraud,
the
US
DoJ
and
Europol
took
down
crypto
mixer
ChipMixer,
and
Spanish
football
clubs
were
suing
crypto
sponsors
after
sponsorship
deals
fell
through.
In
miscellaneous
news,
DeFiance
Capital
raised
$100
million
for
its
liquid
token
fund,
and
Cathie
Wood’s
Ark
Investment
raised
more
than
$16
million
for
two
new
private
crypto
funds.
South
Korea
said
North
Korea’s
crypto
hacking
campaign
might
be
impervious
to
international
sanctions,
Euler
Finance
fell
victim
to
a
flash
loan
attack
resulting
in
$200
million
stolen,
and
two
top
Brazilian
professional
football
players
claimed
they
had
fallen
foul
of
a
crypto
scam.
Meta
discontinued
NFTs
on
Facebook
and
Instagram
less
than
a
year
after
launch,
while
El
Salvador
launched
university
courses
in
Bitcoin
and
Lightning
Network
development.
Time
for
some
carefully
selected
jokes!
__________
Good
morning,
CT!
How
are
you?
__
Let’s
check
up
on
BTC.
__
Godeffindarnit!
Source:
k0uei1in
/
Twitter
__
What
are
the
experts
saying?
__
Atlas
doing
his
thing.
Source:
CryptoCred
/
Twitter
__
Let’s
see
what
the
US
was
up
to.
__
TradFi
went
mad
this
week.
Bonkers.
__
“Goddammed
crypto!”
Source:
Timccopeland
/
Twitter
__
Why
crypto.
Why.
Source:
milesjennings
/
Twitter
__
So
well
planned
out.
__
‘Whaaa…’
Source:
crypto._.jokes
/
Instagram
__
A
new
strategy.
__
What
a
brilliant
haiku!
__
Somebody
has
a
death
wish.
Source:
suncryptoin
/
Instagram
__
Here’s
this
week’s
topic
for
discussion.
Discuss.
__
Satoshi’s
already
in
position.
__
Basic
kit?
__
Rich
vs
free.
Source:
crypto._.jokes
/
Instagram
__
A
lesson
for
the
end.
__
Finally,
a
song.
Happy
weekend.