Your Favorite Crypto Digest From TradeCrypto.com #205

Daily statistics update:

Today's market is flat. BTC is trading at $16,804; ETH is around $1,248.

💪 Bitcoin dominance: 39.54%

📉 Total Crypto Market Cap: $819.04B

😲 Fear and greed index: 29 (Fear)

🚀 Gainers (Top-100)

• Bitcoin Gold (BTG) +8.75%

• eCash (XEC) +8.56%

• Chilliz (CHZ) +7.57%

😭 Losers (Top-100)

• Huobi Token (HBT) -11.29%

• Aptos (APT) -5.94%

• Solana (SOL) -5.20%

The court ruled Earn assets to Celsius, not users. They say that it was pretty clear to anyone who used a Celsius product that those assets were owned by the company from the beginning. We're talking about $4.3 billion. Alex Machinsky is probably sitting on it and saying, "My precious..." 💍 No wonder if all that money is going to lawyers. As a reminder, those who held their money in Celsius wallets haven't seen their assets since the bankruptcy filing, and Celsius keeps holding it, pushing the deadline further and further. Next time you use such products on other platforms, be careful 🚨.

Robinhood shares worth $450 million are now in possession of the U.S. Department of Justice (DOJ), the bankruptcy court in Delaware was told. Robinhood shares were already like a Schrödinger's cat 🤔 because they were seized from FTX, but FTX has already lost control of all accounts. And Robinhood was claimed by BlockFi, which says Alameda actually owes it as collateral. But regulators won them all. The future fate of Robinhood shares is still unclear 😶‍🌫️.

NY regulators didn't like that Coinbase conducted "inadequate background checks" and accused the company of money laundering 🎰. Coinbase agreed to pay $50 million in fines and invest another $50 million to improve its KYC program. In addition, Coinbase agreed to be under the close watch 👀 of a big brother - third-party monitor for another year, just in case they start doing dirty business.

SEC caught CoinDeal scammers who stole $45 million 😡 from investors. The founders spent this $45 million on a luxurious lifestyle, as it always is. Nothing interesting, they just bought a boat, for example. A nod to the 3AC founders. And before CoinDeal promised investors the highest returns, they have all been charged with fraud. One of them, Neil Chandran, is already behind bars for about a year on another investment fraud case. What a nice company 😵‍💫.

Crypto influencer CryptoNovo has become another victim 😱 of a phishing attack. Like RTFKT COO from yesterday's news, he owned Clone X. Maybe the hacker is into clones? In total, CryptoNovo lost $525k worth of NFTs; Apes and CryptoPunks included. The unfairest part is that CryptoNovo lost even more because he bought some NFTs when the market was high. For example, CryptoPunk #4608 in September 2021 cost him $850k 📉.

Conclusion: The market is flat today, which means you're a loser or a winner depending on which side you play. Regulators are in the spotlight today, for sure. Funny how many in the industry distance themselves from the powers, but end up obeying them. Well, there are some rules to follow, aren't there?

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.