Your Favorite Crypto Digest From TradeCrypto.com #127

The statistics:

Market is red. BTC is now trading above $19,800, ETH is trading around $1,4500.

💪 Bitcoin dominance: 40.76%

📉 Total Cryptocurrency Market Cap: $ 0,927 tr

😲 Fear and greed index: 20 (Extreme Fear)

🚀 Gainers (Top-100)

• Cosmos (ATOM)+10.77%

• Chiliz (CHZ)+9.70%

• Quant (QNT)+6.29%

😭 Losers (Top-100)

• Celsius (CEL)-21.00%

• Ravencoin (RVN)-12.49%

• Gnosis (GNO)-8.66%

Charity is always good. The Bored Ape Yacht Club offers plenty of disinterested-looking Apes—10,000 of them, to be exact, in NFT form—but a suspicious lack of boating ⛵️ opportunities. Now, one Bored Ape NFT holder (and yacht owner) plans to change that with the launch of a decentralized yachting club.

The Bored Yachts Club hopes to create a decentralized, NFT-gated yachting platform that lets members rent real vessels all over the world 🌍 , with proceeds going to charity. The initiative will begin with "Lady Amanda," the single yacht of club creator Jad Comair, but the goal is to bring in more yacht owners over time while letting them direct funds to causes of their choice.

Exceeded all expectations. The merge has slashed Ethereum’s energy needs even more than expected, according to a report from the Crypto Carbon Ratings Institute. Ethereum’s merge, which transitioned to an eco-friendly 🍀 consensus model, was successfully completed overnight. A report from the Crypto Carbon Ratings Institute says that the network has cut its energy usage and carbon footprint by approximately 99.99% each.

Not a bad start to a fresh story. Blankos Block Party, an NFT-powered online creation game, launched 📢 today on the Epic Games Store, becoming the first Web3 title published on the popular PC gaming marketplace.

Mythical Games’ title was previously available from its own website after launching with an open beta in December 2020, and the company said in June this year that Blankos had amassed more than one million total users to date. Mythical is also developing several other games 🎮 , including the licensed NFL Rivals, and most recently raised $150 million at a $1.25 billion valuation last November.

The procedure is expensive, but probably worth it. Chief U.S. Bankruptcy Judge Martin Glenn has appointed an independent examiner to oversee the Celsius bankruptcy case. Once the examiner has been approved, they will have seven days to propose a budget and plan of action. The court ⚖️ will have a week to approve this. Once the examiner has been approved, they will have seven days to propose a budget and plan of action. The court will have a week to approve this.

The long-awaited event finally happened. Ethereum’s long-awaited transition from proof of work to proof of stake is upon us. The event, also known as the merge 🌐 , occurred at 2:45 am EST on September 15, opening a brand new chapter in the history of the industry’s second-largest cryptocurrency.

Ethereum developers, experts, and the broader community members have been flocking in numbers to Twitter 📲 to share their thoughts on the event, with Ethereum co-founder Vitalik Buterin being among the first to express his gratitude to all who helped make the merge a success. “Happy merge all. This is a big moment for the Ethereum ecosystem”.

Is this the only option? Seoul Southern District Prosecutors' Office's Joint Financial Securities Crime Investigation Team says it will be contacting the country's Ministry of Foreign Affairs to nullify ❌ the passports of Terra Luna co-founder Do Kwon and five other project developers. Prosecutors also plan to contact Interpol and escalate the South Korean arrest warrant 📑 issued the day prior into an international arrest warrant. The persons named in the warrant reside in Singapore, a country that has no extradition treaty with South Korea.

Bybit officially announced that it launched ETHW trading against the USDT stablecoin, planning to soon open ETHW 💸 deposits and withdrawals. Major cryptocurrency exchanges, FTX and Bybit, are among the first crypto trading platforms to launch spot trading for Ethereum proof-of-work (PoW) tokens.

Conclusion: Despite all the skepticism toward the Ethereum Merge, we can say that the transition has exceeded all expectations. That's probably the reason why it was delayed so many times before. The overall ecological situation is now improved and Ethereum, along with its eco team, has reinforced its reputation as being highly professional. Good for them.

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.