Your Favorite Crypto Digest From TradeCrypto.com #186

Daily statistics update:

Today's market is red. BTC is trading at $16,836; ETH is around $1,233.

💪 Bitcoin dominance: 38.46%

📉 Total Crypto Market Cap: $841.77B

😲 Fear and greed index: 25 (Extreme Fear)

🚀 Gainers (Top-100)

• Nexo (NEXO) +7.32%

• EOS (EOS) +5.66%

• Synthetix (SNX) +5.28%

😭 Losers (Top-100)

• Holo (HOT) -3.67%

• Chain (XCN) -3.46%

• Dash (DASH) -2.80%

We rejoiced in the summer when Binance eliminated Bitcoin fees 🤑. Its little brother Ether followed soon after. Rejoice in the enlightenment we have all been eagerly waiting for! Applied for ETH /USD, ETH /USDT, ETH /USDC, and ETH /BUSD. But you do not think this is some charity 😇, do you? The exchange also said that those who pay their trading fees with BNB would get an additional discount. Win-win.

The bankruptcy judges have ordered. Their word is law ⏳. Who are these lucky customers? We all know Celsius owes billions. 15,680 customers holding "Pure Custody Assets" hit an eggshell. They signed up for custody, and Celsius was like a warehouse. So the funds will be returned soon. Too bad for those who used the Earn and Borrow program. They will probably never see their funds again 🚬.

We continue to bite our nails and follow the FTX hearing. Maxine Waters is trying to get Sam to attend the hearing voluntarily 🙇‍♂️. There's speculation everywhere that she might not order a subpoena. But the congresswoman says the subpoena is on the table if SBF refuses to testify 🕰. Meanwhile, Sam hasn't been in touch. Radio silence since he said, "Thanks for the invitation, but I may pass, I'm not ready." The hearing is set for December 13. Let's bet: will Sam appear or not?

For the past two weeks, we have all heard that the lender is scrambling to resume withdrawals. Restructuring advisors, DCG attention. And yet, silence to customers 🧟. Genesis finally returned to us and said it needed weeks to find a solution. As a reminder, it will soon be a month since the problems occurred. And it's not like Genesis is going down on its own. No, the parent company, DCG backs the subsidiary. But we are seeing some progress: the lender is now saying it will take weeks rather than days to resolve the problem. Acknowledging the depth of the hole 🕳 is progress.

Hooray, a party 🥳. Not exactly a happy one. Rikesh Tapha, the founder of the Blockparty NFT ticketing platform, is behind bars. The charges are no secret. They say he stole $1 million and spent it on luxury goods. To look presentable at parties 🍾? That's right. He could spend 20 years in prison.

Conclusion: The market falls today, like mist from the eyes of many. The trial continues, and one side seems to win. Certainly not the people who trust the suits on the screens. And some people are stealing money to buy those suits. Sick, sad world. Binance is still beating everyone. Can it change?

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.