Your Favorite Crypto Digest From TradeCrypto.com

Market is red. BTC is now trading around $28,500, ETH is trading above $1,700.

💪 Bitcoin dominance: 46.73%

📉 Total Cryptocurrency Market Cap: $1,202 tr

😲 Fear and greed index: 12 (Extreme Fear)

🚀 Gainers(Top-100)

Ethereum Classic (ETC) +1.23%

PAX Gold (PAXG) +0.44%

Bitcoin Gold (BTG) +0.37%

😭 Losers(Top-100)

TerraClassicUSD (UST) -55.95%

STEPN (GMT) -26.59%

Elrond (EGLD) -6.53%

Major 🌐 global cryptocurrency exchanges have announced that they will support the upcoming 🚀 relaunch of Terra, following the passing of a proposal to launch “Terra 2.0”.

Exchanges including Binance, FTX, Crypto.com, Huobi, Bitfinex, Bybit, Gate io, Bitrue and Kucoin pledged their support for the modified version of the recently collapsed Terra blockchain. Binance stated that it was “working closely with the Terra team on the recovery plan,” while FTX announced that it would support the “new LUNA airdrop and suspend LUNA and UST markets.”

Tether Enters Latin American Market with Mexican Peso-Backed Stablecoin

Tether has announced the 🚀 launch of MXNT, a new type of a stablecoin backed by Mexico’s national currency, the 💴 peso. Initially, MXNT will be available on three main blockchains – Ethereum, Tron, and Polygon, the company said in a 📝 blog post.

“We have seen a rise in cryptocurrency usage in Latin America over the last year that has made it apparent that we need to expand our offerings,” said Paolo Ardoino, CTO of Tether.

Elon Musk Commits $33.5 Billion to Twitter Acquisition Bid

The revised financing plan would provide an additional $6.25 billion in equity for the 💸 buyout an amount that would be enough to liquidate the same amount of margin loans against Tesla stock that was already reduced earlier this month. That would bring the equity financing component of the deal to $33.5 billion, up from the $27.25 billion Musk disclosed earlier in May.

Portugal’s Parliament Says No to Bitcoin Tax for Now

Portugal’s parliament today ❌ rejected a proposal to tax Bitcoin and other cryptocurrencies. At a Wednesday evening budget session, the left-wing parties Bloco de Esquerda and Livre proposed taxing digital assets, but that idea was 🗑️ thrown out, online 📰 newspaper ECO reported via its live blog.

The proposal had asked the government to consider taxing crypto profits in excess of €5,000 ($5,340.45).

Deepfake Video of Elon Musk Promoting Crypto Scam Goes Viral

📼 A video featuring an Elon Musk deepfake promising huge returns to invest in a dodgy cryptocurrency scheme has gone viral.

DraftKings CEO on Accepting Crypto Payments: «People Want It, We're Working Towards It»

In the past year, the publicly traded fantasy sports and 🏐 sports betting company DraftKings has gone hard on crypto specifically NFTs. In July, DraftKings launched an NFT marketplace that is the exclusive home of NFTs from Tom Brady's platform Autograph. The company also offered a CryptoPunk NFT as the prize for a fantasy contest, and in June the company's three co-founders all wore CryptoPunk T-shirts to ring the opening 🔔 bell at the Nasdaq.

"Certainly people want it," Robins said on the latest episode of Decrypt's gm podcast. "Certainly within the marketplace, we should be able to do that. So we're working towards it."

Hacker Steal Your Crypto? New MetaMask Tool Could Help You Get it Back

"If you lose your crypto, it’s a very humbling and lonely experience. And the amount of people who get scammed twice is huge," says Aidan Larkin, CEO of investigation firm Asset Reality, who notes that 👀 victims are often preyed on a second time when they seek 💁🏻 help getting their crypto 🔙 back.

That's why Larkin's company is partnering with leading crypto 👛 wallet MetaMask on a new service that could make the process of seeking help less miserable. And it could also improve the chances of victims getting their crypto back. According to Larkin, this will not only create a more empathetic experience for hacking victims, but also supply valuable data to help crypto owners marshal a response to a given 🐱‍💻 hack.

Conclusion: Will we see a resurgence of Terra? However, it is hard to believe that investors will trust the old new cryptocurrency. Elon Musk is back in the news. Storing and transferring cryptocurrencies can become more secure.

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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.