Your Favorite Crypto Digest From TradeCrypto.com #199

Daily statistics update:

Today's market is flat. BTC is trading at $16,876; ETH is around $1,220.

💪 Bitcoin dominance: 39.96%

📉 Total Crypto Market Cap: $812.59B

😲 Fear and greed index: 27 (Fear)

🚀 Gainers (Top-100)

• Terra Classic (LUNC) +12.06%

• Quant (QNT) +8.43%

• Lido DAO (LDO) +6.73%

😭 Losers (Top-100)

• Chain (XCN) -7.17%

• TonCoin (TON) -4.30%

• Nexo (NEXO) -3.47%

Not only the top Solana NFTs, but 70% of network-generated revenue projects are fleeing sinking Solana 📉 to other chains. DeGods (floor price of about $5.5K) for Ethereum, Y00ts ($1.6K) for Polygon. DeGods said they want to expand and Solana isn't the chain to do it with. Polygon won the sister of DeGods, Y00ts, by paying from its partnership fund. The amount wasn't disclosed, but Y00ts now has good companies, Starbucks and Nike. It seems Solana couldn't pay for the projects to stay at home base. As you can imagine, Solana is probably losing its status as a top 2 NFT chain 🤔.

First and foremost, crypto lender Nexo is fighting 👊rumors that it has abandoned the idea of bailing out bankrupt Singaporean lender Vauld. Right after Vauld announced its bankruptcy in June, Nexo proposed a deal. However, the CEO isn't interested and tells creditors that the deal with Nexo didn't go through. Nexo then said that it was up to the creditors' committee, not him, to decide 🤡. In fact, the deal hasn't been finalized yet. And it's been going on for quite a while with no end in sight. In the meantime, customers' money is frozen. While the big boys are fighting.

Oh, I envy these students, college years plus Bitcoin studies are a juicy combination 🧃. And once again, Nayib Bukele has no plans to change the Bitcoin path. Students are learning nodes, double-spending, and Bitcoin halving via the My First Bitcoin course. The plan is to educate 10,000 of them by the end of 2022 and increase the number 25-fold by 2023. El Salvador is a factory of Bitcoin maxis 💪. Who cares if they're educated.

None of the 31 listed crypto exchanges in Japan trade stablecoins, but that will change next year 🔝. Good for stablecoins, because they're even surpassing Mastercard in transaction volume. If paying with stablecoins spreads 🌍, international transfers could become faster and cheaper. In Japan, the only talk so far is about USDT and USDC, but as you may recall, Binance has acquired SEBC, so BUSD might as well join the list.

The U.S. pension company has filed a trademark 📍 to offer services in the metaverse. This includes NFT trading and real estate. So imagine going to the Metaverse and thinking about retirement. Or are you just seeking educational classes on investments? Fidelity is there, which is pretty handy 👏. Right now, the company is focused on Decentraland.

Conclusion: The really big news today is that DeGoods and Y00ts are leaving Solana, leaving a 70% gap. This will be a real shakeup in the NFT space. Maybe Polygon will finally become a top 2? And of course the lifting of the ban on stablecoins in Japan. Stablecoins are trending.

What is Crypto Ping Pong digest?

TC lads here are working quite hard and from time to time we gotta chill. Recently, 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.

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.