11 Celsius, Bitcoin Forecasters, Hot Inflation, Threatened Three Arrows and 20 Crypto Jokes

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.

<oembed url=”https://twitter.com/caroljsroth/status/1547246036523048962[/embed]

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Can’t lose money to inflation if you don’t have any money.

<oembed url=”https://twitter.com/zackvoell/status/1547220723357433858[/embed]

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Time to go back to work.

<oembed url=”https://twitter.com/SwanBitcoin/status/1547744510855155712[/embed]

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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!

<oembed url=”https://twitter.com/krugermacro/status/1546278854662033409[/embed]

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Make sure to support developers with witty tweets.

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Mistakes were made.

<oembed url=”https://twitter.com/denverbitcoin/status/1546309875717869569[/embed]

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Consistency is the key!

<oembed url=”https://twitter.com/NorthmanTrader/status/1546524502611431425[/embed]

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Here he is!

<oembed url=”https://twitter.com/stablejim/status/1547049056949731328[/embed]

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Exclusive footage.

<oembed url=”https://twitter.com/astr0bas3d/status/1546860431612018690[/embed]

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The smartest minds are on Twitter.

<oembed url=”https://twitter.com/NorthmanTrader/status/1547199525265235969[/embed]

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It’s about time!

<oembed url=”https://twitter.com/bestbitcoinmeme/status/1545049463982501890[/embed]

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Happy holidays! Oh wait…

<oembed url=”https://twitter.com/xamanap/status/1545021258273792002[/embed]

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It’s encrypted.

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Oops!

<oembed url=”https://twitter.com/MEXC_Global/status/1547928728847560705[/embed]

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Must admire the dedication!

<oembed url=”https://twitter.com/crypto___memes/status/1547165573490016257[/embed]

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Excellent question.

<oembed url=”https://twitter.com/RD_btc/status/1547093488789032960[/embed]

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Yes.

<oembed url=”https://twitter.com/GregZajDos/status/1544784184375402502[/embed]

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Enjoy the bear market!