Your Favorite Crypto Digest From TradeCrypto.com #122

The statistics:

Market is green. BTC is now trading above $20,300, ETH is trading around $1,700.

💪 Bitcoin dominance: 39.62%

📉 Total Cryptocurrency Market Cap: $ 0,982 tr

😲 Fear and greed index: 22 (Extreme Fear)

🚀 Gainers (Top-100)

• Ravencoin (RVN)+20.95%

• OKB (OKB)+18.15%

• ApeCoin (APE)+16.42%

  😭 Losers (Top-100)

• TerraClassicUSD (USTC)-11.65%

• UNUS SED LEO (LEO)-4.83%

• Terra Classic (LUNC)-3.24%

Wow, very cool. Axie Infinity’s Ronin network exploit ranks as one of the largest DeFi hacks of all time, but investigators 🔎 are making progress in paring down the damage: Bockchain analytics firm Chainalysis today announced that more than $30 million worth of the stolen crypto has been recovered.

Chainalysis revealed the news at the official AxieCon event in Barcelona, alongside publication of a blog post about its findings. According to the firm, Chainalysis was able to track the funds 💰 —which the U.S. Treasury alleged were stolen by North Korea’s Lazarus hacker group—as they were laundered and eventually sent to centralized exchanges.

Animoca, a leading investment firm and NFT game publisher, just added to its coffers via some fresh institutional investors. Animoca Brands, a leading investor in NFT and metaverse-centric startups, today announced that it has raised an additional $110 💰 million in funding in a round led by new institutional investors Temasek, Boyu Capital, and GGV Capital. The firm invests in Web3 startups focused on an open, interoperable metaverse, and also publishes its own NFT games. Quite a large-scale amount.

The support group got expanded? A group of Tornado Cash users filed a lawsuit ⚖️ against the U.S. Department of Treasury, calling its sanctioning of the Ethereum mixing service an "unprecedented, overbroad action."

The suit, which is being funded by Coinbase and includes several employees as plaintiffs, also names Treasury Secretary Janet Yellen and Director of the Office of Foreign Assets Control (OFAC) Andrea Gacki. 🗯 "Code is speech and free speech is a constitutional right worth protecting," one of the plaintiffs said.

Hackers don't sleep. Metaverse platform The Sandbox saw its Instagram profile hacked and used to try and rent out Bored Ape Yacht Club nonfungible tokens (NFTs) from a number of users on the social media platform. The voxel-powered NFT platform’s profile was compromised by hackers 🕵️‍♂️ on Thursday, promoting a fabricated raffle ticket event that touted a season 4 LAND giveaway to unsuspecting users. One user claims to have lost NFTs after clicking the fake link.

Another giant in the NFT collection waters. American music giant Sony Music 🎼 Entertainment has signaled intentions to utilize nonfungible tokens (NFTs) after filing a trademark application covering music and artists under the Columbia Records logo. The new trademark application comes in the wake of several other Sony Music-backed NFT projects.

According to an Aug. 30 trademark application to the United States Patent and Trademark Office (USPTO) shared by trademark attorney Mike Kondoudis on Tuesday, the application covers 💬 “audio and video recordings featuring live musical performances authenticated by NFTs.” The application also covers marketing services, promotion, distribution, marketing, advertising and online entertainment, including podcasts and audiovisual recordings.

A promising start. In a parliamentary debate on crypto asset regulation in the U.K, Richard Fuller spoke in favor of “powerful” use cases for cryptocurrency and blockchain technology, including using distributed ledger technology 💱 for customs and international trade and storing medical records on the blockchain. Alexander Stafford, the parliamentary private secretary to newly elected PM Liz Truss, added the prime minister “reaffirmed” her commitment to providing internet connectivity for U.K. residents, which could allow access to buying, selling, and mining crypto.

Artist and filmmaker Charlotte Colbert is launching a 1-of-1 NFT based on her horror film “She Will,” with the proceeds of the sale going to support 🤝 the charity End Violence Against Women. The NFT, titled "Why are we taught to fear the witches?" depicts the film’s star Alice Krige in a short video that draws on the film's folk-horror aesthetic.

Conclusion: As soon as the market changes course and direction, the news changes too. As we can see, much of the news appeared about the integration of NFTs, the development of meta universes, and other favorable events. Who knows. Maybe this is another trap to create a dump? One thing is certain, September promises to be very interesting!

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.