Your Favorite Crypto Digest From TradeCrypto.com #123

Daily statistics update:

Today's market is red. BTC is now trading above $21,700, ETH is trading around $1,700.

💪 Bitcoin dominance: 40.87%

📉 Total Cryptocurrency Market Cap: $ 1.014 tr

😲 Fear and greed index: 25 (Extreme Fear)

🚀 Gainers (Top-100)

• Golem (GLM)+43.75%

• ApeCoin (APE)+7.03%

• Quant (QNT)+6.33%

  😭 Losers (Top-100)

• TerraClassicUSD (USTC)-16.74%

• Terra (LUNA)-14.42%

• Terra Classic (LUNC)-9.75%

They have to do it anyway, right? As Facebook parent company Meta continues to build out its new metaverse 🌐 venture, several U.S. Senators have asked CEO Mark Zuckerberg to prove that the social media giant is serious about combatting crypto scams on its platforms.

The group—led by Democrat Bob Menendez of New Jersey—issued a letter to Zuckerberg requesting that the firm provide information about its efforts to ward off cryptocurrency-related scams on platforms like Facebook, Instagram, and WhatsApp. In the letter 📩 , Menendez and his colleagues allege that “Meta provides a breeding ground for cryptocurrency fraud that causes significant harm to consumers.”

In a prospectus filed with the SEC, MicroStrategy said the firm has entered an agreement with investment bank Cowen & Co. to sell up to 💸 $500 million in shares of its Class A common stock. "We may use the net proceeds from this offering to purchase additional Bitcoin," the company said in the filing. "Future fluctuations in Bitcoin trading prices may result in our converting Bitcoin purchased with the net proceeds from this offering into cash with a value substantially below the net proceeds from this offering," the company said. No intrigue at all.

They decided to make up? Miramax sued ⚖️ the director in November last year after the base-layer blockchain provider Secret Network announced the auction of "uncut screenplay scenes" from the 1994 film as NFTs. The film studio claimed to own all rights to "Pulp Fiction," except for those reserved for Tarantino, which excluded nonfungible tokens.

Hollywood director Quentin Tarantino and producer Miramax appear to have settled their lawsuit over nonfungible tokens (NFTs) related to the blockbuster 📺 film Pulp Fiction following a months-long legal battle. The movie studio reportedly plans to withdraw its lawsuit within two weeks and collaborate with the filmmaker in the future, including on NFTs projects.

Will this work, we wonder? Under the Division of Corporation Finance's Disclosure Review Program (DRP), the SEC announced 🔈 plans to add two offices — an Office of Crypto Assets and an Office of Industrial Applications and Services — purely focused on dealing with crypto assets and industrial applications and services, respectively. Director of the Division of Corporation Finance, stated: 💬 “The creation of these new offices will enable the DRP to enhance its focus in the areas of crypto assets, financial institutions, life sciences, and industrial applications and services and facilitate our ability to meet our mission.”

Unexpected. FTX Ventures, an arm of Sam Bankman-Fried’s FTX crypto exchange 💱 , will acquire a 30% stake in alternative asset manager SkyBridge Capital, the firms announced Sept. 9. The terms of the deal were not disclosed, but SkyBridge will use $40 million of the proceeds to purchase cryptocurrencies to hold as a long-term investment, according to a statement.

SkyBridge founder and managing partner Anthony Scaramucci said about the deal on Twitter, “There's a small universe of outside investors SkyBridge would ever consider partnering with, and SBF_FTX is one of them.” He added separately, 💬 “This won’t significantly impact our day-to-day business and doesn’t change our strategy. We will remain a diversified asset firm, while investing heavily in blockchain.”

Old schemes. The Florida Department of Agriculture and Consumer Services (FDACS) issued a warning sharing insights into identifying robocall scam marketing auto warranties, which includes being asked to pay for the services via gift cards and cryptocurrencies. Consumer 👥 complaints against increasing robocall scams — wherein scammers use prerecorded calls to market and sell fraudulent services — led the Enforcement Bureau to order phone companies to avoid carrying robocall traffic.

The Virtual Assets Regulatory Authority of Dubai has previously given approval for Crypto.com, OKX and FTX subsidiaries to offer crypto-related services in the emirate. Blockchain wallet and cryptocurrency exchange 💱  platform Blockchain.com has reportedly secured regulatory approval from Dubai’s Virtual Assets Regulatory Authority, or VARA.

VARA signed an agreement 🤝  which will allow Blockchain.com to open an office in Dubai. The crypto firm currently operates several offices in North America, Europe, South America, and Singapore. New resolutions, new possibilities.

Conclusion: Unexpected reversal upwards. If the price of Bitcoin fixes at $22,000, we could see it reach $25,000-$26,000 in the nearest future. In addition, MicroStrategy is now active. Are we about to enter a bullish phase?

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.