Your Favorite Crypto Digest From TradeCrypto.com #141

The statistics:

Market is green. BTC is now trading above $20,250, ETH is trading around $1,350

💪 Bitcoin dominance: 41.73%

📉 Total Cryptocurrency Market Cap: $ 0.932 tr

😲 Fear and greed index: 26 (Fear)

🚀 Gainers (Top-100)

• Ethereum Name Service (ENS)+10.01%

• Casper (CSPR)+5.04%

• Trust Wallet Token (TWT)+4.36%

😭 Losers (Top-100)

• Terra Classic (LUNC)-3.54%

• XDC Network (XDC)-3.11%

• Quant (QNT)-2.02%

Interesting to see how this will function in practice. European Union officials have agreed 🤝 on the final wording for its landmark crypto legislation which could pave the way for a Europe-wide regulatory approach. In June, policymakers agreed to a deal on the legislative package after two years of back-and-forth.

The full legal text of the Markets in Crypto Assets Regulation (MiCA) was approved at a meeting of EU ambassadors on Wednesday, according to a letter from committee chair Edita Hrdá. “This marks the end of a heated but necessary discussion between the EU co-legislators, which has been ongoing for more than two years,” 💬 the Brussels-based European Crypto Initiative (EUCI) said in a statement.

What else would he say? TerraForm Labs CEO Do Kwon denied reports that South Korean prosecutors have frozen another $39.6 million worth of his crypto assets. “Once again, I don’t even use KuCoin and OkEx, have no time to trade, no funds have been frozen,” 📲 he wrote. “I don’t know whose funds they’ve frozen, but good for them, hope they use it for good.” His mention of crypto exchanges OKX and KuCoin was in reference to a report from last month that the companies had cooperated with authorities to freeze 3,313 Bitcoin.

The website of crypto exchange OKX was blocked in Russia by the state media monitoring service Roskomnadzor on Oct. 4. The agency told the TASS news agency that the website was blocked ⛔ at “the request of the Prosecutor General’s Office for the dissemination of unreliable socially significant information of a financial nature.”

Roskomnadzor told that OKX had “published information related to the activities of financial pyramids, as well as information on the provision of financial services by persons who do not have the right to provide them” 🔈 under Russian law. Wondering what they didn't like?

Teneo, the business advisory firm leading the Chapter 15 bankruptcy process, said in a statement that it now has possession of the NFTs owned by Starry Night Capital, a fund established by Three Arrows Capital and pseudonymous investor Vincent Van Dough in 2021. Starry Night Capital spent tens of millions 💰 of dollars acquiring high-value NFTs such as Art Blocks, CryptoPunks, and Rare Pepe, and is now in the hands of liquidators who plan to sell off assets to cover Three Arrows' liabilities. Anyone interested?

Will he focus on books? After 47 years in charge of the world’s largest hedge fund, Bridgewater Associates founder Ray Dalio has finished a leadership transition that began in February. He is no longer one ❌ of three co-chief investment officers but will remain a chief investment officer mentor and Operating Board member.

As announced on Oct. 4 on Bridgewater’s corporate website, the firm and Dalio completed the necessary and required legal, regulatory and investor requirements to finish the transition procedure. From now on, the fund will be led 🥇 by co-CEOs Nir Bar Dea and Mark Bertolini and a pair of co-chief investment officers: Greg Jensen and Bob Prince.

The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, announced 📢 that it had successfully moved central bank digital currencies and tokenized assets on existing financial infrastructure through two separate experiments. According to SWIFT, the results demonstrated that “CBDCs can be rapidly deployed at scale to facilitate trade and investment between more than 200 countries and territories around the 🌍 world.” So what to do with it?

A promising partnership. NEAR Protocol has announced a partnership with Google Cloud. They will provide technical support 🤝 to developers and grantees from the NEAR blockchain. This will make it easier for specialists to create and scale Web3 and dApps projects.

"We are honored to partner with those who first began creating the Internet. This partnership will be the new chapter of the Internet. We will give NEAR developers the best opportunity to create quality projects," 💬 said Marike Flaman, CEO of the NEAR Foundation, in a statement about the news. The NEAR network has more than 20 million accounts and 300,000 to 400,000 transactions daily.

Conclusion: A serious event has happened for lovers of financial instruments. The man whose books were read by many investors left the company management. Let's wait for new books from him, as well as for the growth of cryptocurrencies :)

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.