When will the LUNA talk end?

Market is green. BTC is now trading around $30500, ETH is trading above $1800.

💪 Bitcoin dominance: 46.38%

📉 Total Cryptocurrency Market Cap: $1.272 tr

😲 Fear and greed index: 10 (Extreme fear)

🚀 Gainers(Top-100)

Waves (WAVES)  +35.10%

STEPN (GMT)  +28.66%

Helium (HNT)  +18.65%

😭 Losers(Top-100)

Fei USD (FEI) -0.19%

Stepn «Move-to-Earn» Cryptocurrencies Plummet After App Says It Will Block Users in China

Tokens underpinning the 🤩 popular "move-to-earn" crypto app Stepn have 📉 plummeted following news that the game would be blocked for users in Mainland China. "If users in mainland China are found, STEPN will stop providing GPS to their accounts at 24:00 on July 15, 2022 (UTC+8) according to the terms of use. and IP location services," reads a translation from the game's Twitter account, adding, "We apologize for the inconvenience and thank you for your understanding! STEPN has not engaged in any business in mainland China since its establishment and has not provided download channels."

SpaceX, Elon Musk’s space exploration company, will soon ✔️ accept Dogecoin as 💳 payment for merchandise, alongside Musk’s other company, Tesla.

“Tesla merch can be bought with Doge, soon SpaceX merch too,” tweeted the multi-billionaire on Friday. When asked whether subscriptions for Starlink, a satellite-based, broadband internet system, might be payable in DOGE, he responded, “Maybe one day.”

Crypto holders can't wait to see the end of May, a month that has brought nothing but losses. And while it's too soon to say whether the 😔 worst is over Bitcoin is below $30,000 right now and could go 📉 lower it feels like the industry will come through the downturn just fine. So long as the Ethereum merge goes off okay, that is.

If you've been living under a crypto rock, "The Merge" refers to the long-awaited upgrade to the Ethereum blockchain that will see the No. 2 cryptocurrency switch to a proof-of-stake model, a change that should ❌ eliminate concerns about Ethereum's environmental impact and dramatically improve its transaction speed.

LUNA Reboot Plummets Over 70% Just Hours After Debut

Terraform Labs early Saturday 🚀 launched a new version of the Terra blockchain, “Terra 2.0,” with freshly minted LUNA tokens.

Roughly 12 hours later, LUNA (labeled LUNA2 on some exchanges) had 📉  shed almost 73% of its initial value, trading as of this writing for $5.18, according to data compiled by CoinMarketCap. It peaked earlier at $19.54.

On the Dutch program College Tour, the banker was asked by an audience member if she owned any crypto. “No, I don’t [have any crypto] because I want to practice what I preach,” she said. “I actually have a son who invested in crypto I follow very carefully.” The audience member then asked, “And what have you taken away from that?” Lagarde responded: “That I would not put my finger in there.” She added that her son wouldn’t listen to her advice about staying away from crypto.

👨 The governance vote on Terra’s proposal 1747 🔥 to burn 1.388 billion UST stablecoins has passed. This will reduce UST’s supply by roughly 11% of its total supply of 11.28 billion tokens, according to data from CoinMarketCap.

More than 99% of all 154 million votes supported the burn proposal. Less than 1% abstained, and roughly 10,000 voted against the proposal.

Ethereum Gaming DAOs Yield Guild, Merit Circle in Dispute Over Funding

As play-to-earn crypto gaming 💥 caught fire last year, so-called guild organizations gained prominence by supporting “scholars” with NFT assets and investing in up-and-coming games and startups. However, a deal inked last year between two prominent guilds appears to be fraying as a community-led dispute over funding and support has gained traction.

On May 20, a member of the Merit Circle DAO going by the name HoneyBarrel issued a proposal 🙏 asking the community to vote on refunding Yield Guild’s original investment, ❌ canceling the Simple Agreement for Future Tokens (SAFT) between the DAOs, and removing its share of Merit Circle tokens.

Conclusion:  It looks like terra has finally lost its reputation. Elon Musk again "raises" doge. The market is still unstable.

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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.