Your Favorite Crypto Digest From TradeCrypto.com #201

Daily statistics update:

Today's market is red. BTC is trading at $16,534; ETH is around $1,191.

💪 Bitcoin dominance: 40.01%

📉 Total Crypto Market Cap: $794.92B

😲 Fear and greed index: 28 (Fear)

🚀 Gainers (Top-100)

• BitDAO (BIT) +7.45%

• BitcoinSV (BSV) +4.08%

• Holo (HOT) +3.67%

😭 Losers (Top-100)

• Terra Classic (LUNC) -8.84%

• Solana (SOL) -5.53%

• Chain (XCN) -5.47%

Gemini creditors filed another lawsuit against Gemini. They claim that the Gemini brothers weren't really honest 🥺 with them. Gemini could previously say that the embattled Gemini Earn product wasn't registered as a security. The thing is, Gemini itself offers risk mitigation, and users thought the same was true for Gemini Earn. Gemini Earn, which has been on hiatus since mid-November, offered up to 8% returns. And as always in the agreement with a very small font size, Gemini has actually said that they cannot protect creditors with Gemini Earn. So what's next? Users only complain more as their funds (about $1 billion) are stuck, and there are no updates 🤬 to the product. As you may recall, Gemini proposed a recovery plan for Genesis, a lender to Gemini Earn. But nothing has been decided since Dec. 20.

Recently, the 3Commas team said that it was a victim of phishing 🧐. It turned out that the API keys of 10,000 users were stolen and are now leaked by an anonymous on Twitter. 3Commas is a crypto trading bot that users connect to exchanges like Binance, Coinbase and so on. So the team asked the exchanges to rewoke the keys immediately, which even happened after CZ alerted 🚨 the Twitter community. So the keys were leaked, not phished, and the community suspects an evil insider actor. Still, the team said no evidence was found.

Down 5% today to $9.62. $36.73 at the beginning of November. No comments ❌. FTX hit Solana very, very hard. Then top projects Degods and Y00ts left Solana. Solana was never below $10 in two years... Remember the times of 2021 when SOL was around $260? Too bad SBF was the most vocal 🤡 supporter of Solana. This year SOL is down 94%. While you draw your own conclusions, let me add something. All isn't lost if Bloomberg continues to write about it and put the news at the top of the page.

This deadline is really a dead line of users🗿. Some 17,500 users have filed claims for the money. Cries of "Celsius, where's my money?" are everywhere. While we wait impatiently, Celsius is paying bankruptcy attorneys who collect a total of over $53 million. This is no joke. In fact, Celsius wants to extend the deadline another month. All the while we were rejoicing the other day that the process was finally underway. It's like they froze customers' money first to feed the lawyers 😡.

Conclusion: The market is down today, but BTC and ETH are much more stable than poor SOL. We thought Celsius customers would receive their money as a New Year's gift. The same is true for Gemini Earn customers. But the end is far from sight. Tell me, when are we going to get out of here?

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.