Let's DIGEST the land of crypto together today!

Market is green. BTC is now trading around $39,000, ETH is trading above $2,900.

💪 Bitcoin dominance: 42.18%

📉 Total Cryptocurrency Market Cap: $1,736 tr

😲 Fear and greed index: 27 (Fear)

🚀 Gainers(Top-100)

Zilliqa (ZIL) +42.75%

Waves (WAVES) +35.47%

TRON (TRX) +18.33%

😭 Losers(Top-100)

STEPN (GMT) -2.33%

Pax Dollar (USDP) -0.48%

Binance USD (BUSD) -0.28%

France Gives Binance Go-Ahead to Run Crypto Exchange

France's markets regulator, AMF (akin to the Securities and Exchange Commission in the U.S.), has registered Binance France as a "digital asset service provider" (DASP). French banking regulator ACPR approved the registration.

The registration means France is the first major European country to explicitly allow Binance to operate within its jurisdiction. Moreover, Binance becomes the first major cryptocurrency exchange to be licensed as a DASP within France.

Ethereum Layer-2 Fees Should Be Under $0.05 to Be ‘Truly Acceptable’: Vitalik Buterin

Ethereum, the 🌎world’s leading smart contracts platform, has been historically plagued by high transaction 💰 costs.

Developers have been trying to address this issue through the so-called layer-2 solutions that help scale applications by processing transactions off of the Ethereum mainnet while maintaining the same level of security and decentralization.

“Needs to get under $0.05 to be truly acceptable. But we’re definitely making great progress!” he tweeted on Tuesday.

At the center of Elon Musk’s new 🖼️ picture is a gold-furred chimpanzee wearing blue translucent glasses, 🦍 Bored Ape #5809.

Regardless of whether Musk intended to troll the Bored Ape Yacht Club community, his actions on Twitter still appear to have the ⚡ power to move markets; ApeCoin, the token powering the Bored Ape Yacht Club (BAYC) community, jumped nearly 20% in the hour following the appearance of Musk's new profile picture.

Dogecoin, Shiba Inu Suffer Week in Red as Investors Flee Meme Coins

The largest meme coin by market capitalization Dogecoin (DOGE) is currently down almost 8% over the past seven days. This puts the price of DOGE at roughly $0.13 a pop, according to CoinMarketCap. Since the token’s all-time high set in May 2021, Dogecoin has 📉 fallen a whopping 82%.

Dogecoin’s co-canine crypto Shiba Inu (SHIB) has also 📉 fallen on tough times. At writing, SHIB has dropped around 11% over the past week. The token is now trading at $0.0000208, down more than 76% since its all-time high set last October.

Fan Token Platform Socios Nets Deal With Major League Soccer

Socios, a startup that makes officially-licensed “fan tokens” for sports teams and leagues, is continuing its American expansion apace.

Socios announced a multi-year fan engagement 🤝🏻 deal with MLS and 25 additional teams in the league, including major clubs like the LA Galaxy, Seattle Sounders FC, and Atlanta United.

New Law Allows Uzbekistan Bitcoin Miners to Avoid Income Taxes, Save on Electricity

Crypto miners in Uzbekistan looking to avoid paying twice as much for electricity and get a break on their taxes have been offered another option: buying solar panels.

According to Reuters, miners who pay to set up their own ☀️ solar panel systems will be exempt from paying federal income taxes, while those who still rely on the national ⚡ power grid will have to pay double regular rates, plus surcharges during peak hours.

California Gov. Gavin Newsom Signs Crypto Executive Order

California Gov. Gavin Newsom earlier today 📝 signed an executive order directing multiple state agencies to examine cryptocurrencies and blockchain technologies, and recommend ways to incorporate those into the functioning of the nation’s most populous state.

Socios announced a multi-year fan engagement 🤝🏻 deal with MLS and 25 additional teams in the league, including major clubs like the LA Galaxy, Seattle Sounders FC, and Atlanta United.

Conclusion: The legalization of cryptocurrencies around the world continues, and even the European countries are no exception. Musk continues to use the recently acquired resource. Memcoins regained their positions after a spike on the back of Musk's purchase of Twitter.

Thanks guys for coming! There WILL be more already tomorrow by Svyatoslav, Maksym, and Srđan.

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What is Crypto Ping Pong digest?

So all the TC lads here are working quite hard and from time to time we gotta chill.

That’s why 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.

During the game, we have a rule not to discuss serious topics like analytics, predictions, etc.

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.