Your Favorite Crypto Digest From TradeCrypto.com #171

Daily statistics update:

Today's market is red. BTC is now trading above $16,500, ETH is trading around $1,900.

💪 Bitcoin dominance: 38.50%

📉 Total Cryptocurrency Market Cap: $825.00B

😲 Fear and greed index: 20 (Extreme Fear)

🚀 Gainers (Top-100)

• Trust Wallet Token (TWT) +10.10%

• Chain (XCN) +9.84%

• Aptos (APT) +9.74%

😭 Losers (Top-100)

• Curve DAO Token (CRV) -8.63%

• Terra Classic (LUNC) -6.07%

• GMX (GMX) -5.99%

What's there to say. Nayib Bukele came on Twitter with an exhaustive 1 BTC/day plan from now on 📈. A shaky move from someone's crypto is dead perspective. Not for Nayib 🔥, for sure. The president is bending his line towards Bitcoin City 🌆. In the end, FTX's failure did not bother him - he literally opposed FTX and Bitcoin. Can't argue with that.

It didn't end there. Not without Brother Sun echoing Bukele's move to buy 1 a day for Tron. In the background, Arthur Hayes, co-founder of 100x, predicted BTC to soon fall 10.000 to buy the dip 💵. Which side are you on?

SBF talked with Vox in nothing to lose style 🙃. Sweeping statements from "f*ck regulators" to "from the world's greatest fundraiser to the fallen wreckage of one." His former colleagues blushed, immediately saying SBF has nothing to do with FTX. No more after Nov.11.

He regrets the decision to file for bankruptcy: "everything would be ~70% fixed 🕵️‍♀️ right now if I hadn't. Instead, I filed, and the people in charge are trying to burn it all to the ground out of shame."

SBF apologized shortly after and took sharp words back 🥵. Gee, what got into him?

From November 9 to this day, the big NY-based crypto trading platform Genesis feeds its users crumbs 🏦 due to exposure to FTX. Yesterday users received a late-night message about an investor call. You guessed it. They decided to halt withdrawals 👻.

All would be for nothing if Genesis' parents had no other children. Digital Currency Group also ows CoinDesk, Gemini, Foundry, Luno, and Grayscale 💵.

It may seem like speculation, especially in light of the half of Gemini, which is now back online. But how big is your credit of trust 🤓?

Did you think CZ proposed against exchanges for self-custody and Trust Wallet out of goodwill? Think twice. In a matter of days, TWT tokens more than doubled in price📈. Now everyone is happy 🙆‍♂️. Binance Pay connected direct payments to Trust Wallet. Customers can transfer crypto from their exchange wallet to the Trust Wallet app without fees or having to scan/enter🧾 their wallet address.

Fan delight. In January this year, Justin bought Bored Ape #3001 NFT for $1.3 Million. The ape has now lost 94%, and it's worth just $71,500. Ape's crying. Coincidence 🤡?

The same happened to Bieber, although Twitter looks like one solid gloat. The situation in the NFT market is disappointing. In Q3, sales fell two-thirds 📉 . BAYC is still in the game, though, on top with $49 million in sales🔝, despite a floor price of 58.2 ETH.

Conclusion: No word about overall market improvement so far. It remains to be seen how the situation changes. Bitcoin holds its ground. Who is going to point out now that it's low? Everything's relative. Be careful, my friends.

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.