🏓 El Salvador creates National Bitcoin Office
Hey, folks. Hope you loosened up a bit during the weekend. Today, we cover the Dogecoin jump, 3AC founders' comeback, empty Miami nightclubs, and El Salvador's Bitcoin Office.
Your Favorite Crypto Digest From TradeCrypto.com #178
Daily statistics update:
Today's market is red. BTC is trading around $16,220; ETH is above $1,170.
💪 Bitcoin dominance: 37.99%
📉 Total Crypto Market Cap: $821.91B
😲 Fear and greed index: 28 (Fear)
🚀 Gainers (Top-100)
• Mina (MINA) +2.61%
• ApeCoin (APE) +2.04%
• Neutrino USD (USDN) +5.14%
😭 Losers (Top-100)
• Huobi Token (HT) -10.87%
• Curve DAO Token (CRV) -7.60%
• Quant (QNT) -7.40%
El Salvador opens National Bitcoin Office
No need to doubt Nayib Bukele's commitment to BTC 🙏. Once again, the office is doubling down on crypto by creating a branch to oversee all national bitcoin-related projects. The new ONBTC office will help all crypto projects, simultaneously working with the country's ministries, such as Foreign Affairs, to consult on international cooperation. ONBTC has functional and technical autonomy within President's office and is also created to provide crypto education for Salvadorans 📖 .
FTX is under active civil investigation
Only the lazy 🥱 ones have not spoken out about FTX. Yet, in the Bahamas, all authorities related to financial crimes are involved in the investigation. Gabriel Haines, a youtube blogger and crypto influencer, will soon join their ranks. Over the weekend, he created a juicebox crowdfunding to allocate $10K. He did it! Now, Gabriel's on the way to the Bahamas to create new memes🤠 and share his take on the events. The goal is to find SBF. He's doing it for the community to ease up a bit.
Dogecoin rises on Twitter 2.0 plans
Yesterday Elon Musk shared his plans for new Twitter, causing Dogecoin investors to speculate on Doge's possible integration on the platform. Doge surged almost 20%📈 on the news. The same happened a month ago when the company started working on a crypto wallet. Recall the price went up by as much as 40%🔝. Doge's unique design doesn't let it directly interact with smart contracts. So Doge can be used only as a payment. Interesting that Musk hasn't hinted at anything, but the price still reacts. It's like where Musk is, there's Doge.
3AC Su Zhu's comeback
Post-FTX is rich with the re-emergence of bankrupt lenders, including 3AC and Celsius. While Mashinsky actively visits Twitter spaces, talking about SBF and how he has to give everything back🚨, and Kyle Davies writes meaningfully about darkness and light, Su Zhu is the most distinguished. After months of radio silence, he came back to create a video podcast series to discuss life, belief systems, and mental health. What a turn 🤡.
Miami clubs empty due to FTX collapse
Oh yes, crypto-enthusiasts had fun in Miami 🌃. The most famous case is the $1M champagne tub bought by an unnamed crypto firm. Or those who rented a whole place. Now they all vanished. Club operators used to see more crypto wallets than bank accounts are worried about where the kids went. Last year, the one place's revenue was more than $6M 💵 from crypto party people. They just wanted to have fun.
Conclusion: The market shows a slight turn to red, although the fear has laid a bit. Slowly we wake up after the weekend. Sure, something interesting is about to happen. There is a relief trend in crypto, and now we can make jokes. Keep an eye on your favorite sources. See you tomorrow.
See you tomorrow, folks! Thanks for being with us.
Brought to you by Maksym, Yana, and Aleksandar :)
Let us know how you would rate today's digest:
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.