Crypto market Digest in Memes and pictures: Fed Pumps Bitcoin, Buterin Gets the title of "evil clow
This week will be remembered by cryptans with bitcoin's rebound above $24,000, Mark Zuckerberg's losses and Michael Saylor's critical remarks about Ethereum. Cryptotwitter - a place where cryptans hide from the cruel cryptozima - continues to delight readers with funny memes and witty remarks. The best of the crypto twitter gets into our weekly selection.
Bitcoin
The first cryptocurrency this week strained and pleased its fans. Having fallen below $21,000 on the eve of Wednesday, when the US Federal Reserve had to make another decision to combat inflation by raising interest rates, the asset ended the week on a good note.
BRIEFLY ABOUT THE EVENTS OF THIS WEEK
The growth of bitcoin began immediately after the US Federal Reserve raised the base interest rate by 75 bps - to 2.25-2.5% per annum. Fed Chairman Jerome Powell's comments boosted momentum. He acknowledged that the tightening of monetary policy has a downside: a slowdown in economic growth. This gave hope to the cryptans for easing the hawkish policy, and the asset rushed up to $ 24,000.
MY BITCOIN AND I ARE CHEATING THE FUCKING INFLATION
Binance CEO Chapen Zhao once again expressed confidence the fact that no one, including the cheerful billionaire Elon Musk, can drop bitcoin. His announcement was another piece of good news this week. Mentioning Tesla's sale of 75% of its bitcoin assets, Zhao said that there was no need to worry about Elon. Musk's decision means little to the industry because his step - any step - will not change the fundamental foundations of the universe of the first cryptocurrency.
BITCOIN PARTICIPATES IN A SIMULTANEOUS GAME SESSION WITH ALL SORTS OF GARBAGE
The International Monetary Fund, which has old scores with bitcoin, has released a report on global financial stability. IMF experts were pleased to note that the crypto market experienced a dramatic drop, while the price of bitcoin did not have a serious impact on the global financial system. My God, it's just that she's falling over herself, without any cryptocurrencies.
- BITCOIN IS TOO COMPLICATED! - CAN YOU EXPLAIN HOW EMAIL WORKS?
Things are not going well for Zuckerberg
Mark Zuckerberg, the founder and owner of the most popular social network, is trying in vain to jump on the technology train of the future. First, his promising cryptocurrency project had its wings clipped, and then its legs. Now Zuckerberg is not allowed to advance in the metaverse sector. And all why? Because Zuckerberg leaves behind a scorched field with the corpses of competitors. And the strongest competitors, who cannot be killed immediately, stupidly buys.
MARK ZUCKERBERG PRESENTS FACEBOOK REALITY LABS QUARTERLY REPORT
That is why the US Federal Trade Commission (FTC) is going to court to stop the acquisition by the social media giant of the manufacturer of the popular VR fitness app Within. He is afraid that Marik will make a concentration camp with a barbed wire fence out of the metaverse, where he will be allowed by passport and fingerprints.
MARK ZUCKERBERG EXPLAINS THAT FACEBOOK REALITY LABS' LOSSES ARE INSIGNIFICANT
But it's too early to be afraid of this - Facebook's Reality Labs (FRL) division, focused on the launch of the metaverse, reported losses of $2.81 billion. Last year, the division suffered losses of $10.2 billion. Currently, it seems to be trying to surpass last year's figure and set an anti-record - the company's top management expects an even more impressive drop in Reality Labs' revenue in the third quarter.
Elon Musk is suing Twitter, and Changpeng Zhao is suing Bloomberg
Cryptozima is a boring time, and the summer lull makes it even more joyless. Therefore, the cryptocurrency community is engaged in litigation. At least some entertainment.
Elon Musk, against whom Twitter filed a lawsuit, decided to go to court himself. However, he did not disclose any details. Evil tongues claim that this is because there are terrible facts about the abuses and machinations of the popular social network. But we think this is because Musk likes to joke and intrigue the public, because everyone knows that he is a brilliant PR man.
Changpeng Zhao does not lag behind his friend (and we remember that it was he who borrowed the money to buy the Twitter Mask). Zhao has a painful and complicated relationship with major publications. He gives journalists interviews, and the sharks of the pen write nasty things about the businessman. Zhao usually takes offense, goes to court, and then buys a rebellious publication altogether in order to protect himself from slander forever.
RIP BLOOMBERG
This time, Zhao wants to hold accountable the Chinese edition of Bloomberg Businessweek for his version of the Bloomberg US article "Can the richest person in the crypto world withstand the cold?". In the Chinese version, the title of the article sounded even more insulting: "The financial pyramid of Changpen Zhao."
We are waiting for news about the purchase by the largest exchange of the largest Bloomberg publication.
Michael Saylor Openly Criticizes Ethereum
The head of MicroStrategy and the largest institutional holder of bitcoin, Michael Saylor, has rediscovered the bitcoin maximalist in himself. He went down the beaten track and criticized the largest altcoin Ethereum. Moreover, Sailor questioned its technical development and the idea itself.
BEFORE AND AFTER I DISCOVERED BITCOIN MAXIMALISM
Sailor spoke in a negative way about the technical reliability and security of the protocol, and also complained that Ethereum is constantly changing something. In the end, he called altcoin a security at all.
Ethereum co-founder Vitalik Buterin was offended and moved on to insults himself. He asked why bitcoin maximalists choose such clowns as their leaders.
Bitcoin lovers immediately made memes with Vitalik. Because you can't laugh at the biggest bitcoin fan with impunity.
THE NEURAL NETWORK GENERATED KRATINKI WITH VITALIK IN THE ROLE OF AN EVIL CLOWN
Especially when you look like this:
https://coin-signal.com/cryptonews/crypto-market-digest-in-memes-and-pictures-fed-pumps-bitcoin-buterin-gets-the-title-of-evil-clown/
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