Crypto

ETFs Are Tots Coming, ETFs Are Not Coming, ETFs Are ETFing and 20 Crypto Jokes

News Room
By News Room 6 Min Read

 

Source: AdobeStock / Monkey Business

This is your weekly digest of top crypto news from Cryptonews.com, followed by a collection of 20 hand-picked crypto jokes.

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This week in crypto: unsurprisingly, ETF discussions. While Tuttle Capital Management filed for six new Bitcoin ETFs with the US SEC, two of the issuers released details on the fees that they will charge investors for the ETF, and Glen Goodman argued an ETF is fully priced in, BitGo’s Steve Scott and AJ Nary opined that an ETF approval is unlikely to resolve the bigger regulatory picture in the US anytime soon.

Then, financial services company Matrixport projected a possible rejection of ETF applications in January, followed by co-founder Jihan Wu addressing that ETF report responsible for the market crash.

Meanwhile, Binance warned it may delist 10 prominent privacy cryptocurrencies due to increased regulatory attention, and Huobi Korea announced the shutdown of its services due to a challenging “business environment.”

Meanwhile meanwhile, Visa announced a Web3-based loyalty program for its customers, and the Japanese gaming giant Square Enix reaffirmed its plans to utilize blockchain, AI, and metaverse in creating novel content for consumers. In Kyrgyzstan, the water-rich environment has the potential to provide a necessary boost for the country’s crypto mining industry.

Meanwhile meanwhile meanwhile, India’s digital rupee hit 1 million daily transactions in December, and the ECB published a report detailing the advancements made by the digital euro scheme’s Rulebook Development Group.

In South Korea, Incheon confiscated $375,000 worth of crypto from “tax-evading” residents, and gaming firm WeMade got hit with a $41 million tax bill for its crypto-related activities. Also, Russian tax authorities will start collecting taxes in digital rubles from 2025.

In the we-can’t-play-nice news, hackers exploited Orbit Chain’s cross-chain bridging service for a staggering $82 million, and then they converted their gains into ETH, amassing an additional $1.45 million in unrealized profits. Notably, Match Systems found that the Orbit Chain hackers used the same tactics as those in several other high-profile attacks, suggesting it could be Lazarus.

In confusing news, the man introduced as the HyperVerse CEO appears not to exist.

Let’s laugh at some jokes now.

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GM, indeed. Welcome to a brand new year.

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Yes. Use proper terms, please.

Source: jebus911 / Twitter

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You know you’re here somewhere.

Source: DegenSpartan / Twitter

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Sure, but that’s like a decade in crypto years. Time in crypto is volatile.

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Let’s check what the market’s up to.

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‘I’m here, beeyashz!”

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Most certainly.

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What say you, analysts?

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Very NSFW. Or home. Generally public places. And private spaces.

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Lagging a tiny bit.

Source: xamanap / Twitter

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There’s always a third option.

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Like, seriously, IDK, DYOR.

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Aaaand, discuss! As loudly as you’d like.

Source: Kicia_Duperelek / Twitter

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‘What is this sorcery? How do I delay it so it wouldn’t pump?’

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Dressed for the part.

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Look, I’m just really curious.

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Recognising is the first step to understanding that you don’t understand.

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Go home.

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SMTM, pls.

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And this to you all!



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