Your Favorite Crypto Digest From TradeCrypto.com

Market is green. BTC is now trading around $21,800, ETH is trading around $1,150

💪 Bitcoin dominance: 45,33%

📉 Total Cryptocurrency Market Cap: $0,948 tr

😲 Fear and greed index: 7 (Extreme Fear)

🚀 Gainers(Top-100)

TRON (TRX) +24.42%

Eldrond (EGLD) +23.40%

Helium (HNT) +21.09%

😭 Losers(Top-100)

UNUS SED LEO (LEO) -5.43%

Fei USD (FEI) -0.72%

Gemini Dollar (GUSD) -0.31%

The March 🚀🚀🚀launch of ApeCoin an Ethereum token for the Yuga Labs’ burgeoning Bored Ape Yacht Club ecosystem caused a frenzy in the NFT and crypto markets. But with those markets now in turmoil, ApeCoin is 🥴tumbling much faster than other 🎮gaming and metaverse-related tokens.

Overnight, per data from CoinGecko, ApeCoin (APE) set a new all-time 📉low of $3.10 per token.

🛡️Cybersecurity in crypto is a mess right now there's another big hack nearly every week. Cybersecurity firm Forta aims to take this on by attempting to build a crypto-first version of centralized cyber firms like CrowdStrike or Palo Alto Networks. And to do it, Forta is 🚀releasing its own FORT token, intended to 📈increase the incentives for security researchers to monitor blockchain networks.

Tether ❌dismissed what it labeled as “false rumors” regarding the reserves that back its USDT stablecoin in a statement released Wednesday morning.

It 📢said in a blog post the notion its “commercial paper portfolio is 85% backed by Chinese or Asian” unsecured, short-term debt ❗issued by companies and traded at a 30% discount is “completely false” and speculated the assertions are being spread online in a “coordinated” way to spook investors out of Tether and turn a profit on its failure.

The U.S. Securities and Exchange Commission (SEC) has 📢reportedly 🚀launched a probe into whether crypto 💱exchanges are doing enough to prevent insider trading.

At least one major crypto 💱exchange has received 📋a letter requesting information about safeguards on the platform, according to a Tuesday report from Fox Business that cited a person with direct knowledge of the inquiry.

U.S. Securities and Exchange Commission chairman Gary Gensler has 📢expressed concerns that a proposed bill on how cryptocurrencies are regulated could ❌weaken consumer 🛡️protections.

“We don’t want to undermine the protections we have in a $100 trillion capital market,” Gensler said on Tuesday at a Wall Street Journal event, when asked about the bill.

Dubai-based crypto fund Three Arrows Capital is facing 😥possible insolvency after incurring at least $400 million in liquidations, The Block 📢reported Wednesday.

Three Arrows, popularly known as 3AC, was liquidated by crypto lending firms and is currently in the process of 💰💱repaying lenders and other counterparties, according to the report.

Bitcoin's (BTC) price 📉📉📉neared $20,000 during European hours Wednesday as it extended a 12-week slide amid weak macroeconomic sentiment and contagion ❗risk from within the crypto market, 📊data shows.

Bitcoin 📉fell to just above the $22,000 level in U.S. hours Tuesday. The decline gathered pace Wednesday morning, with the cryptocurrency sliding under $21,000, 😮dropping for the eighth consecutive day and losing 30% over the past week.

Conclusion: The market is finally green. The situation with the fall has calmed down a bit and perhaps we will soon see growth. Let's reclaim our trillion in the market.

Let us know how you would rate today's digest:😍 Loved it🤨 Could have been better🤮 Better luck next time