Your Favorite Crypto Digest From TradeCrypto.com #161

The statistics:

Market is in the sidebar, some of the alts are green, some are red. BTC is now trading above $20,300, ETH is trading around $1,500

💪 Bitcoin dominance: 41.4%

📉 Total Cryptocurrency Market Cap: $ 0.965 tr

😲 Fear and greed index: 30 (Fear)

🚀 Gainers (Top-100)

• Arweave (AR)+64.62%

• Flow (FLOW)+19.18%

• Basic Attention Token (BAT)+13.30%

😭 Losers (Top-100)

• Chain (XCN)-12.39%

• Dogecoin (DOGE)-5.03%

• Aptos (APT)-4.07%

Are there any fans? The creators of Game of Thrones have partnered with the non-fungible (NFT) marketplace Nifty’s to launch a collection of digital collectibles based on the popular television 📺 series. The new collection, "Game of Thrones: Build Your Realm," is a collaboration with digital production company Daz 3D which will design, develop, and produce the collection.

According to Nifty's, the initial sale will begin with the release of avatars inspired by Game of Thrones. The avatars will be bundled with a pack of digital collectibles that collectors can use to upgrade their avatars. The Game of Thrones NFT collection will include an assortment of digital collectibles, including ⚔ weapons, companions, and gear, allowing collectors to customize their avatar's stats.

After Musk’s Twitter takeover, Binance CEO Changpeng Zhao said that his company is “ready to help” with crypto and Web3 on the platform. Speaking at Web Summit, Zhao said, “It’s very easy to support a dozen, a couple of hundred cryptocurrencies as payments. We already have a solution that does that: Binance Pay.” He added that the service enables users to pay merchants in “whatever coin or currency 💱 or fiat currency they choose,” with Binance handling the conversion to the merchant’s currency of choice at “no extra charge.” “We have all the technologies, we have the know-how, we have the products, so we’re ready to help.” It'll be interesting to see if Musk agrees.

Crypto futures and options exchange Deribit suffered a security breach on Tuesday around midnight, with hackers making off with nearly $28 million from the exchange’s hot 🔥 wallet. In a statement on Twitter, the Panama-based exchange stated that their hot wallet got hacked for $28 million, but the client assets and cold storage addresses were not affected.

The hacker made 691 BTC and 9,111.59 ETH from the hack, with the USDC nabbed being quickly converted to Ethereum. The funds are now held in two wallets across Bitcoin and Ethereum. The funds are not moved ❌ to any mixer (or) laundering service as of this writing. The company has assured users that they’re still in a “financially sound position” and its reserves cover the loss without affecting the insurance fund.

OpenSea, the top NFT marketplace by trading volume, has launched new NFT detection and prevention features. One tool automatically scans any links that users entered on the marketplace and disables any that point to known 🔍 scams, or that redirect clickers to websites with malicious code that could swipe NFTs from someone’s wallet. OpenSea’s other new theft tool automatically examines NFT transfers to identify those that may have been swiped through exploits, and temporarily blocks those NFTs from being resold on OpenSea. Wow, sounds cool.

MetaMask users will now have the ability to track the value of their nonfungible token (NFT) portfolio through its latest product. The wallet provider announced a new feature will bring updated pricing information for the over 5,000 NFT collections held by MetaMask users. The new utility comes as a result of a partnership with NFTBank, an NFT portfolio management tool and valuation engine.

To create its predictions, NFTBank uses machine learning algorithms which update users with price estimates for individual NFTs within a collection. According to the announcement, the algorithm takes into consideration parameters such as floor price, rarity and bid-ask distribution when calculating a price value. The tool allegedly offers around 90-plus percent accuracy in price predictions.

Chinese crypto exchange Huobi, which recently has had to disavow the rumors about massive layoffs inside the company, unveiled the plans to move its headquarters to one of the jurisdictions in the Caribbean, with the Dominican Republic being the first candidate. In the report, citing one of the board members, revealed the company’s intention 📲 “to go all in in the Caribbean.” The reason is the region’s “super-friendly” crypto stance, common law systems and English language adoption. Among Dominica, the “frontrunners” among the local nations to host Huobi are Panama and the Bahamas. Interesting to learn how specific it will be.

The Union Bank of the Philippines, or simply UnionBank — one of the largest universal banks in the Philippines — has launched 📢 a pilot program for Bitcoin and Ether custody and trading services for select retail customers, the firm said in a joint announcement. The new investment and trading feature launched in collaboration with Swiss crypto technology firm Metaco, with UnionBank going live on Metaco’s digital asset platform Harmonize.

UnionBank initially partnered with Metaco for the development of crypto trading services in January 2022. 💬 “We are proud to continue UnionBank’s series of industry firsts, this time being the first regulated bank in the country allowing digital currency exchange features for clients.” They don't waste any time.

Conclusion: Despite the experts' opinion about the fall of crypto after the FED's rate hike, we can say they were wrong. Crypto is at the same level. CZ still wants to implement Binance services on Twitter, and his support cannot go unnoticed.

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.