🏓 FTX vs Voyager
Hi folks. Fiery edition. Voyager protects Binance.US from regulators, Alameda, and FTX; Apple to drop MR headset; HK is officially in the crypto race; and DOJ seizes Robinhood shares.
Your Favorite Crypto Digest From TradeCrypto.com #207
Daily statistics update:
Today's market is red. BTC is trading at $17,252; ETH is around $1,326.
💪 Bitcoin dominance: 39.02%
📉 Total Crypto Market Cap: $851.46B
😲 Fear and greed index: 26 (Fear)
🚀 Gainers (Top-100)
• Aptos (APT) +35.21%
• Gala (GALA) +16.44%
• Chiliz (CHZ) +8.42%
😭 Losers (Top-100)
• Zilliqa (ZIL) -5.08%
• Ethereum Classic (ETC) -4.57%
• Toncoin (TON) -4.53%
Voyager shields Binance.US
Literally, all those who were able to speak out against the acquisition of Voyager by Binance.US did so. We have reported on SEC's view. Our favorites, FTX and Alameda, joined in the hate, as did some US states and federal regulators. Alameda says Binance.US should be out of the picture because there are higher in the hierarchy of creditors that claim the bankrupt company. Voyager can't take it anymore 😡. They say this is hypocrisy and an apparent attack on Binance.US, and in fact, the company has already provided all the necessary evidence of its solvency. The bankrupt firm also adds that FTX's claim was a fraud to hide 🙈 its insolvency.
Apple to drop MR headset
Apple plans to unveil its mixed reality headset called Reality Pro this spring 🕹. The price, however, is bitey. It'll cost around $3K, which is twice the price of Meta's Quest Pro at $1.5K. Whether it can be used in the Metaverse is still unclear. Or Apple will build its own metaverse. As a reminder, Apple will soon allow external apps to be uploaded to its devices. So maybe Apple's Web3 precision has changed, and it actually is moving toward the metaverse 🌃.
Hong Kong in crypto race
It's official. After crypto companies left Hong Kong, the Financial Services Authority revised the decision and is now working to create a legal framework for crypto to re-enter. Most interestingly, Hong Kong is open 🙌 to the possibility of an exchange-traded crypto futures fund (ETF) and licensing a crypto exchange to serve Hong Kong customers legally. Currently, users rely on unlicensed platforms, but HK wants to change that. And become a crypto hub again 📈.
DOJ seises Robinhood shares
SBF's idea to play innocent about the Robinhood shares has failed. The court dealing with BlockFi's bankruptcy has seized 💰 the shares pending further investigation. So SBF won't use this to pay for legal advice. This is certainly a win for BlockFi, as they have been advocating for these shares from the beginning. Even if the shares aren't their property, the court at least sees FTX's purchase of Robinhood as questionable 👿.
SEC and DOJ investigate DCG
Regulators have been turning a blind eye to Digital Currency Group over its potential fraudulent 🧐 relationships with its subsidiary Genesis, but now they're finally after DCG. Arthur Hayes wrote a nice article about the DCG-Genesis saga so we won't go into further detail. To date, no charges have been filed, and DCG even said they weren't even aware that such an investigation was underway. Meanwhile, authorities told Bloomberg that they requested the documents from both companies and conducted the interviews. As a reminder, Gemini claimed DCG is playing a bad game🚨, and Gemini can't take the Earn product freeze anymore.
Conclusion: The market is neutral today, and the moods, on the contrary, are shaken. As you see, we promised a fiery edition, and we have delivered. It seems that this year's trend of "stop the bullshit" continues. We see it clearly in the situations pertaining to SBF, Voyager and DCG. The question is, how can you still believe these "truths", or are there some players you can really trust?
See you tomorrow, folks! Thanks for being with us.
Brought to you by Maksym, Yana, and Aleksandar :)
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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.