Crypto Ping Pong Digest #6

How you doin'? Ready to get you ass kicked in a game of ping pong today?

Daily Crypto Digest 

Welcome to another ping pong game with TradeCrypto.com

The market is flat today. BTC is now trading above $47,000, ETH is trading around $3,300. 

💪 Bitcoin dominance: 42.2%

📉 Total Cryptocurrency Market Cap: $2,155 tr

😲 Fear and greed index: 52 (neutral)

fear greed index

🚀 Gainers(Top-100)

Zilliqa (ZIL) +41.32%

IOST (IOST) +35.74%

Theta Fuel (TFUEL) +19.38%

😭 Losers(Top-100)

STEPN (GMT) -13.86%

Waves (WAVES) -12.11%

Chiliz (CHZ) -6.1%

etc btc stat

Opera Takes a Giant Leap Into Web3, Integrates Solana, Polygon, StarkEx, and Others

Opera, the company behind the world’s first native web3 browser with built-in crypto wallet, today announced adding support for several major blockchain ecosystems, including Solana, Polygon, StarkEx, Ronin, Celo, Nervos, IXO and Bitcoin.

The tens of millions of active Opera users can benefit from blockchains and decentralized apps (dapps) and services within eight different blockchain ecosystems.

go to web3

How the SEC Proposal to Change One Definition Could 'Kill' DeFi

A rule proposed this week from the U.S. Securities and Exchange Commission dealing with electronic trading of U.S. Treasury bonds.

A suggested tweak to the definition of "dealer," tucked into a footnote, could upend crypto's decentralized finance wing without ever referencing DeFi.

legal blonde

Bitcoin Mining Difficulty Hits ATH as 'Tectonic Shifts' Bring 'New Opportunities'

On Thursday (UTC time), Bitcoin (BTC) mining difficulty hit another all-time high, yet again cutting into the decreasing profit margins of miners.

bitcoin cheap

Japanese start-up wants to cause real pain in the metaverse

A Japanese technology start-up is counting on bringing physical pain to people in the metaverse, one of a growing number of companies vying for profit by providing real-life human experiences in virtual worlds. H2L, a Sony-backed company founded ten years ago, has built a product with a bracelet to detect the flexion of human muscles, allowing the user’s avatar in the metaverse to copy the movements of the body and make people aware of the presence and the weight of objects.

The technology uses electrical stimulation to manipulate the arm muscles and mimic sensations, such as catching a ball or a bird pecking at the skin.

torture

Meet the Steel Company that Wants to Become an NFT Brokerage

A publicly listed South Korean steel company has reiterated its intention to reposition itself as a crypto brokerage and NFT issuer.

The firm – Jaeil Steel – is listed on the KOSDAQ exchange, but at a summit of major and minority shareholders, agreed to change its name to Jesco Holdings.

The company first announced its intentions back in mid-March, Newsis reported at the time, following the resignation of one of its directors – who left in January to head a Swiss subsidiary of the BitMEX crypto exchange, as reported by the exchange itself.

bag of btc

Crypto Exchange Blockchain.com Hits $14B Valuation in Lightspeed-Led Funding Round

Crypto exchange Blockchain.com reached a $14 billion valuation in a funding round led by Lightspeed Venture Partners, with "major participation" from Baille Gifford & Co. The amount raised wasn't disclosed.

The U.K.-based company raised $300 million in March last year at a valuation of $5.2 billion, according the report. Lightspeed and VY Capital participated in that round.

counting money

Ethereum is like the best and worst parts of New York

Digital asset manager Grayscale has published a report on smart contract platforms in which it likens the Ethereum (ETH) blockchain to the best and worst parts of New York City.

The report examines the granddaddy smart contract network Ethereum in comparison to newer competing blockchains such as Solana (SOL), Avalanche (AVAX), Polkadot (DOT), Cardano (ADA) and Stellar (XLM). The report comes in the wake of the firm launching a crypto fund dedicated to smart contract platforms excluding Ethereum.

new york city

Lionel Messi Signs Multi-Year Deal to Promote 'Fan Token' Firm Socios

Lionel Messi has signed a deal reportedly worth $20 million to promote fan token platform Socios on the world’s stage.

The deal was made in fiat rather than cryptocurrencies. As a brand ambassador, Messi will participate in several promotional and educational campaigns. The first campaign’s tagline is “be more,” and will be used to onboard users to the Socios platform.

messi

Aaaand so we reached another end of our game :)

We had fun. How about you?

Join us tomorrow for more fresh news from the land down under.