๐Ÿ“ Binance conquers Voyager

Hey TC folks. And it happened: Binance.US acquires Voyager Digital. BlockFi lifts its freeze on customer funds. Grayscale may launch a 20% tender offer, and Yuga Labs appoints a new CEO.

Your Favorite Crypto Digest From TradeCrypto.com #194

Daily statistics update:

Today's market is flat. BTC is trading at $16,821; ETH is around $1,209.

๐Ÿ’ช Bitcoin dominance: 39.90%

๐Ÿ“‰ Total Crypto Market Cap: $811.18B

๐Ÿ˜ฒ Fear and greed index: 29 (Fear)

๐Ÿš€ Gainers (Top-100)

โ€ข ImmutableX (IMX) +9.07%

โ€ข XDC Network (XDC) +7.08%

โ€ข Mina (MINA) +5.24%

๐Ÿ˜ญ Losers (Top-100)

โ€ข Toncoin (TON) -11.19%

โ€ข Chain (XCN) -8.19%

โ€ข MultiversX (EGLD) -8.12%

Binance.US acquires Voyager Digital

The fight was tough, but as we remember, the primary opponent, FTX, left. So Binance.US renewed its Voyager bid and offered $1 billion ๐Ÿ’ธ. It's hard to resist such a generous offer, and Voyager recognized Binance.US's offer as the highest. And the best! In addition, Binance.US will spend $20 million on other incremental assets. Voyager customers can also rejoice. They'll soon be able to connect to Binance.US and see some assets based on their previous positions. Or withdraw money ๐Ÿšช.

BlockFi to unfroze users funds

BlockFi filed a motion in bankruptcy court to return customer funds to their wallets๐Ÿ™. Of course, those who used interest accounts on the crypto lender aren't among those who could see their money again soon. BlockFi is also trying to do the same with international customers, with the other office based in Bermuda. Celsius has been sitting nervously on the sidelines since July 14 ๐Ÿคฅ. As a reminder, BlockFi filed for bankruptcy on Nov. 10, and is already seeking repayment of funds. That's happening much faster than Celsius, like five times as fast.

Grayscale gets together with investors

How to shore up with investors? Grayscale officials wrote a letter saying if the lawsuit about turning bitcoin trust GBTC into ETH with SEC fails, they will launch a 20% tender offer for GBTC shares. Remember, GBTC holds around $11b BTC, while the shares are trading far below the value of BTC they represent, about $5.6b ๐Ÿ“‰. This is mainly because the legal structure of the trust does not allow investors to redeem their shares for the underlying bitcoin. But there is a catch ๐Ÿง. To roll out this 20% offer, Grayscale needs approval from shareholders and the SEC. Cause GBTCs are not allowed to be repurchased.

Binance acquires Tokocrypto

Is Binance doing well? According to a new acquisition of an Indonesian crypto exchange - yes. First, it can now legally ๐Ÿค‘ operate in Indonesia, where it was banned. Then, Binance has been investing in Toko since 2020 and now finally became the major shareholder, appointing a new CEO. Before the deal, Tokocrypto needed to adapt to crypto winter, workforce cut included. We will see how Binance will benefit ๐Ÿ”Tokocrypto.

Yuga Labs appoints a new CEO

Nicole Muniz will stay on board, serving as an advisor. The new CEO is an Activision Blizzard COO, Daniel Alegre. Activision Blizard is a video game company from California. So you probably understand the transition. To be clear: Yuga wants new CEO to help with the Otherside metaverse game. No doubt, it would be exciting. Sorry, Nicole. Wondering how big Alegre's check is after Call of Duty, World of Warcraft, etc.

Conclusion: The market is flat today, yet nothing big to worry about. Run through the news again, because important things are happening. By the way, which side are you - Binance team or Binance FUD?

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

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