🏓 3AC doesn't get away scot-free

Hey TC folks. Tether changes the game with Yuan on Tron, 3AC founders get caught with subpoenas, Paraguay has given up on crypto, and Ledger brings a classy wallet.

Your Favorite Crypto Digest From TradeCrypto.com #185

Daily statistics update:

Today's market is flat. BTC is trading at $16,812; ETH is around $1,229.

💪 Bitcoin dominance: 38.33%

📉 Total Crypto Market Cap: $854.03B

😲 Fear and greed index: 29 ( Fear)

🚀 Gainers (Top-100)

• Holo (HOT)  +4.71%

• MutliversX (EGLD)  +1.51%

• Trust Wallet Token (TWT) +1.09%

  😭 Losers (Top-100)

• Aptos (APT) -8.75%

• 1inch Network (1INCH) -7.58%

• ImmutableX (IMX) -7.40%

3AC, here you are!

Kyle Davies and Su Zhu are not getting away with ignoring 🙅 the liquidators. The court has finally sent subpoenas, so 3AC founders must provide all recorded info since the firm's inception. Bring on hard drives and price keys, my friends. Frankly, it was painful to watch the liquidators chasing the founders. Of course, no one knows exactly where they are. But if they don't show up within 14 days, we may see them behind bars 👮‍♀️. I wonder if they have time for Twitter.

  Tether brings Yuan on Tron 

Until now Yuan was live on Ethereum, and now it's launched on Tron. Justin Sun must be very happy 🤠. Onshore CNY is regulated by the People's Bank of China, while offshore CNY can participate in free transactions in the foreign exchange market. Tether continues its market expansion. How will the Chinese gov take it 🏦? 

Ledger to bring classy wallet  

Dubbed Stax, Ledger wallet was designed 💎 by iPhone co-creator Tony Fadel. Self-custody for all plus classy design - that's what a great product needs. It's the size of a credit card and can store up to 500 cryptocurrencies or NFTs. Connected to the Ledger app on your device. Powerful battery so you can charge it once a month 🔝. It goes on sale in March 2023 and costs $279. Yes, it's much more expensive than other Ledger wallets. But just check it out.

Paraguay drops crypto bill 

Leaving behind the dreams of crypto heaven 😇. Choking the cheap mining. Who doubted it? Paraguay's president often said bitcoin mining is too power-hungry and not beneficial enough. The law would have passed if 42 voters had said yes. The bill managed to persuade 36 only. Still, Paraguay is relatively cheap for energy usage. And some were not sure that the country would be able to handle the load if the bill passed 🧐.

Fir Tree sues Grayscale  

Fir Tree disagrees with the way Grayscale is running the Bitcoin Trust program. They're asking to lower the fees and provide documentation of affiliation with the Digital Currency Group. Fir Tree wants Grayscale to give up the fight with SEC to convert GBTC to ETH. Yeah, sure, Grayscale will drop the deal it's been working on for years 🤓. The problem is that GBTC holders can't opt out. They can only sell it to another market player. The gap between GBTC and bitcoin widened to nearly 50% after FTX. And the Grayscale shares deflated 📉 big time over the year. 

Conclusion: FTX seems to have made everyone wake up. If few people used to meddle in each other's affairs, now you see it for yourself. I'm not even talking about prosecutors. Despite the fact that crypto doesn't need a savior, everyone is meddling in one way or another. Don't forget about self-custody and take a closer look at the new Ledger Stax Wallet.

See you tomorrow, folks! Thanks for being with us.Brought to you by Maksym, Yana, and Aleksandar :)

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TC lads here are working quite hard and from time to time we gotta chill. Recently, we got ourselves a ping pong table to complete our lazy-bag-stuffed chill zone. As you all know our main hobby is Crypto, so even while we play we don’t really shut up about it. Ever.

So memes, leaks, gossips naturally come about – we collect them and share them with you in this interstellar space on our site we like to call Crypto Ping Pong digest.