Your Favorite Crypto Digest From TradeCrypto.com

Market is red. BTC is now trading around $29 000, ETH is trading above $1 900.

💪 Bitcoin dominance: 45.67%

📉 Total Cryptocurrency Market Cap: $1,250 tr

😲 Fear and greed index: 12 (Extreme Fear)

🚀 Gainers(Top-100)

TerraUSD (UST)  +41.30%

BORA (BORA)  +10.70%

The Sandbox (SAND)  +10.51%

😭 Losers(Top-100)

Bitcoin Gold (BTG) -9.84%

Kusama (KSM)-9.46%

Stepn (GMT)-9.09%

Andreessen Horowitz (a16z), the Silicon Valley-based venture capital firm, today 🔔 announced it raised a whopping $4.5 billion for a new 💰 crypto fund, the firm's fourth and the biggest so far.

Crypto Fund 4 doubles the size of a16z’s previous crypto fund raised in June last year, showcasing that despite the turmoil in the crypto market, the firm’s partners are increasingly looking to get more exposure to promising Web3 startups. “We think we are now entering the golden era of web3. Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,” a16z partner Chris Dixon wrote in a post accompanying the raise.

«Love, Death + Robots» Returns to Netflix With NFT Scavenger Hunt

“Love, Death + Robots” has returned to 🎬 Netflix for a third season with the help of an NFT scavenger hunt.

According to the show’s website, the scavenger hunt was created in partnership with Web3 studio Feature and includes nine pieces of QR-Coded digital artwork in various mediums, including billboards, videos, and episodes of the sci-fi series. The “Love, Death + Robots” NFTs are minted on the Ethereum blockchain. The starting 🤑 price of each NFT on OpenSea is 0.003 ETH, currently about $6.

The tides are shifting in the NFT space of late. The ⚡ high-value Ethereum NFT market has seen sinking trading volume the last couple weeks, but Solana NFTs are still 📈 growing and over a 24-hour span from yesterday into this morning, the Solana network yielded more NFT volume than Ethereum’s.

Per data from CryptoSlam this morning, Solana NFT secondary market sales generated nearly $24.3 million in total during the previous 24 hours, while Ethereum sales added up to $24 million during the same span across all of the marketplaces it tracks.

Bitcoin Pioneer Charlie Shrem: «A Lot of People Predicted» Terra Collapse

Bitcoin pioneer Charlie Shrem was at the Cannes Film Festival this week to launch crypto film-financing project Defiine and he had some choice words regarding the 📉 collapse of Terra’s UST stablecoin.

“I think a lot of people predicted what would happen with Terra and LUNA,” he told Decrypt. “But at the end of the day, because we were in a bull market, it’s like an example of our industry.”

Terra’s “proposal 1623,” outlining plans to revive the 📉 collapsed Terra ecosystem, has been 😉 approved by the community.

On May 16, Do Kwon, the creator of the Terra ecosystem, proposed revival 📜 plans which included the creation of a new blockchain and issuing new LUNA tokens. According to data from Terra Station, 65.50% of all 🗳️ voters support the proposal. More than 20% of voters abstained and 13.20% of the votes strongly opposed the proposal with a “veto.”

🙂 Speaking during an online event hosted by smart contracts platform Avalanche, Mastercard’s VP for new product development and innovation Harold Bossé said the integration of cryptocurrencies into existing systems would be key to 💁 helping them go mainstream.

"Crypto has to become invisible,” he said. “I keep saying that and I sound like a broken record, but it has to disappear in the background for a user who doesn't care   honestly, my mom doesn’t care if it’s centralized finance or DeFi.”

Sam Bankman-Fried to Spend Up to $1B on Donations for 2024 US Elections

Sam Bankman-Fried, the founder and CEO of FTX cryptocurrency exchange, revealed he could 💵 donate up to $1 billion to help influence the 2024 United States presidential election campaigns.

"I would guess north of $100 million. As for how much more than that, I don't know. It really does depend on what happens. It's really dependent on exactly who's running where for what, and these things are super contingent," Bankman-Fried said in an interview on The Pushkin Industries podcast.

Conclusion: Perhaps it was too early to bury Terra. Maybe the cryptocurrency will regain its value and the trust of investors. We also see more and more investments in crypto every day.

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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.