Your Favorite Crypto Digest From TradeCrypto.com #182

Daily statistics update:

Today's market is red. BTC is trading at $16,964; ETH is around $1,276.

💪 Bitcoin dominance: 38.22%

📉 Total Crypto Market Cap: $852.77B

😲 Fear and greed index: 27 (Fear)

🚀 Gainers (Top-100)

• EthereumPoW (ETHW) +20.44%

• Trust Wallet Token (TWT) +17.79%

• TerraClassic (LUNC) +12.14%

😭 Losers (Top-100)

• BinaryX (BNX) -4.51%

• Curve DAO Token (CRV) -3.98%

• DogeCoin (DOGE) -3.70%

After FTX, Kyle Davies and Su Zhu broke radio silence 📡 with Twitter posts varying from condemnations to pure enlightenment. The reappearance of previous heroes of this cycle was not unnoticed. Especially by Singapore's High Court, with which neither the guys nor the team has been cooperating on the firm's liquidation team so far. And who should decide how to return the money to the creditors? In a week, both guys should submit affidavits ⏳.

A new version is out of reach in App Store. Apple decided gas fees are pretty expensive 💵. And proposed the deal to Coinbase: either Coinbase shares 30% of gas fees with Apple or disables this feature once and for all 🤠. Apple started viewing crypto not so long ago, yet its technology doesn't support it. So, Apple gets 30% of the purchase if you buy items in Minecraft due to its In-App Purchase system. This time, unfortunately, it doesn't quite work. If only Apple knew how gas fees work.

26% 😵‍💫 of it if you are making more than €2000. Previously, crypto was viewed as foreign currency and had lower tax rates. Before 2023 locals can declare their crypto and agree to pay a 14% tax. If you missed the opportunity, then 26%. The move is clear: the government wants us all on paper 🕵️‍♀️ . Let's hope the law doesn't pass.

Hackers stole tons of aBNB worth $5M 😱. A part of the funds already was mixed via Tornado Cash, and he/they are holding the rest. Ankr team said the protocol itself is safe. Only plans to halt trading 💵 on exchanges of tokens were lost in the exploit. The exploiter minted 20T aBNBc and dumped it on PancakeSwap. aBNBc is way down.

Related to FTX collapse. No matter how many apologies we hear from SBF, further contagion is here to stay. And spread. Crypto trading firm Aurus couldn't pay a debt to M11 Credit, a decentralized algorithmic credit provider. The debt is 2.400 wETH worth $3M. From their side, M11 ensured the debt was not defaulted, and they graciously gave another 5 days to Aurus. Let's keep a close eye. Around Monday, some statements should appear.

Conclusion: Yesterday, we were cheering, and today the market is falling. Will bitcoin be able to stay around $17K, or is it a dead cat bounce, and we will soon see $10K? High taxes and these hackers, of course, significantly spoil the picture. And I didn't get to watch the SBF interview till the end yesterday because it was sick to offer the same vague answers to different yet clear questions. That's all right, the weekend is for recovering. Be careful, because the market doesn't sleep on weekends. And at night. I wish you a happy resting!

What is Crypto Ping Pong digest?

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.