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.

💪 Bitcoin dominance: 39.90%

📉 Total Crypto Market Cap: $811.18B

😲 Fear and greed index: 29 (Fear)

🚀 Gainers (Top-100)

• ImmutableX (IMX) +9.07%

• XDC Network (XDC) +7.08%

• Mina (MINA) +5.24%

😭 Losers (Top-100)

• Toncoin (TON) -11.19%

• Chain (XCN) -8.19%

• MultiversX (EGLD) -8.12%

The fight was tough, but as we remember, the primary opponent, FTX, left. So Binance.US renewed its Voyager bid and offered $1 billion 💸. 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 🚪.

BlockFi filed a motion in bankruptcy court to return customer funds to their wallets🙏. 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 🤥. 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.

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 📉. 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 🧐. To roll out this 20% offer, Grayscale needs approval from shareholders and the SEC. Cause GBTCs are not allowed to be repurchased.

Is Binance doing well? According to a new acquisition of an Indonesian crypto exchange - yes. First, it can now legally 🤑 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 🔝Tokocrypto.

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?

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.