Crypto Ping Pong. NFT restaurant. Who is next?

The newest TradeCrypto.Com digest is there for you yet again! Let's see what is up! :) >>

The crypto industry is still defenseless

The newest TradeCrypto.Com digest is there for you yet again! Let's see what is up! :) >>

Market is red. BTC is now trading around $31,100, ETH is trading above $1,800.

💪 Bitcoin dominance: 47.2%

📉 Total Cryptocurrency Market Cap: $1,224 tr

😲 Fear and greed index: 13 (Extreme Fear)

🚀 Gainers(Top-100)

Cardano (ADA) +12.81%

Helium (NHT) +12.46%

Avalanche (AVAX) +9.69%

😭 Losers(Top-100)

Elrond (EGLD) -5.52%

Bitcoin Cash (BCH) -0.9%

Waves (WAVES) -0.54%

Snoop Dogg to Open Bored Ape NFT-Themed Dessert Restaurant

🍔 A fast food joint called Bored & Hungry - the first eatery inspired by a Bored Ape Yacht Club NFT 🟢 opened in Los Angeles this 🌷 spring. Now the team behind that eatery is bringing in 🎤 rapper and NFT enthusiast Snoop Dogg to open up its next NFT-themed restaurant.

Snoop Dogg and Food Fighters Universe a startup co-founded by Andy Nguyen, Kevin Seo and Phillip Huynh have announced plans to open Dr. Bombay’s Sweet Exploration, an “immersive retail dessert experience” that will similarly take root in Los Angeles.

Johnny Depp Ethereum NFTs Surge After Actor Wins Defamation Suit Against Amber Heard

An NFT collection featuring 🎨 artwork by Johnny Depp has seen its 📈 price jump after the actor ✔️ won a defamation suit against ex-wife 👿 Amber Heard yesterday.

The "Never Fear Truth" collection of generative art on OpenSea is minted on Ethereum, featuring artwork by Depp. The project was ✔️ verified as authentic by MakersPlace last month. Among the collection are 🖼️ images of "Friends and Heroes" from Depp's past, including Heath Ledger, Tim Burton, River Phoenix, Elizabeth Taylor, Al Pacino, and Hunter S. Thompson.

New York Senate Passes Two-Year Bitcoin Mining Moratorium

New York is now 🦶 one step closer to becoming the first state ❌ to ban crypto mining that relies on carbon-based ⚡ power sources. The 📰 news comes after the state’s lawmakers passed a bill barring new entrants from establishing operations and pausing renewals for the already existing operating permits.

Approved by the New York State Assembly in April, the Senate Bill S6486D was passed in a 36-27 win following an early morning 🗳️ vote on Friday. The bill is now headed to Governor Kathy Hochul to sign it into law or veto it.

NBA Crypto Sponsorship Spending Increased 7,300% This Season: Report

If you 📺 watched the first game of the 2022 NBA Finals on Thursday, then you likely spotted a few crypto industry company logos along the way including Coinbase, Crypto.com, and FTX.

The report cites data from IEG showing that the NBA saw an 📈 increase in crypto company sponsorship 💲 dollars from just $1.75 million in the 2020-21 season to $130 million this season. Five companies - Coinbase, FTX, Crypto.com, Webull, and fan token platform Socios collectively account for 92% of crypto sponsorship dollars in the NBA.

Hacker Used «Social Media Data Leak» to Steal USD 660K in Crypto from 90 Victims - Police

👮 Police in Seoul, South Korea, have 🔒 arrested and charged a 30-year-old man after officers reportedly 🔎 found evidence that he may have stolen some USD 660,000 worth of crypto using data he harvested from a popular social media network.

Segye Ilbo reported that the man appears to have obtained a large cache of personal data – including what appears to have been crypto 💳 wallet and 💱 exchange login details – that was leaked onto a channel on Naver Band, a group chat service provided by the internet giant Naver. Officers said the man is thought to have stolen tokens from some 90 individuals, with one losing more than 💲 USD 400,000.

Yuga Labs Confirms Discord Server Hack; 200 ETH Worth of NFTs Stolen

🧐 The Bored Ape Yacht Club (BAYC) Discord server was hacked on Saturday, with the attacker making off with 200 ETH ($360,000) worth of NFTs, according to Yuga Labs.

The hack took place after the project’s community manager, Boris Vagner, had his Discord account compromised, which the attacker then used to post phishing links in both the official BAYC and its related metaverse project called Otherside’s Discord channels.

Crypto Should Move Away from Relying on «Endless Growth», Vitalik Buterin Argues

In order to 😌 ensure safety, crypto projects should move away from an attitude of relying on “endless growth,” despite the arguments that the fiat world works in the exact same way, Ethereum (ETH) co-founder Vitalik Buterin has stated.

The above-stated argument is “not acceptable” because the fiat world is “not attempting to offer anyone returns that go up much faster than the regular economy,” Buterin wrote in 📝a blog post that also touched upon the Terra (LUNA) 📉 collapse and so-called algorithmic stablecoins more broadly.

Conclusion: As we can see, the crypto industry is still being hacked. More and more world stars are promoting their NFT collections.

Thank you dearly for being here with us again! :) Brought to you by Maksym, Nina, and Yuliia! See you on the morrow! :)

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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.