Your Favorite Crypto Digest From TradeCrypto.com #180

Daily statistics update:

Today's market is green. BTC is around $16,890; ETH is above $1,269.

💪 Bitcoin dominance: 37.88%

📉 Total Crypto Market Cap: $854.32B

😲 Fear and greed index: 29 (Fear)

🚀 Gainers (Top-100)

• Fantom (FTM) +14.02%

• GMT (GMT) +8.06%

• Uniswap (UNI) +6.08%

😭 Losers (Top-100)

• Celo (CELO) -2.99%

• BinaryX (BNX) -2.17%

• Chain (XCN) -1.38%

Solana-based Phantom crypto wallet adds Ethereum and Polygon for its iOS, Android, and Desktop users 🧳. The company explained the move as care for customers, who now can use one wallet to interact with different blockchains, rather than just one, Solana. Phantom devs chose Solana because of the speed and low gas fees, and now with the Merge, they decided to support Ethereum as well. Self-custody for all 🤠.

The bill had been lying on a desk for almost seven years 🥱. If you're in Brazil, from now on, you can pay for goods and services in crypto. Even though crypto was not made legal tender, Brazil made significant progress. It is up to Brazil to decide which tokens will be allowed to be used 💵(those that fall into the securities category according to local laws). Now the government is working on a bill to prosecute those who committed fraud, with 2 to 6 years in custody.

Bitcoin Cash (BCH), Ethereum Classic (ETC), and Stellar (XLM), in addition. So that means users won't be able to buy, sell, send and receive tokens via the wallet, though they can access those tokens from the Coinbase exchange. The company explained the decision by saying no one uses them on Coinbase 😵. The move comes into force on the 5th of December. If you couldn't catch that with delisted tokens, no worries, you'll be able to withdraw it with a recovery phrase from the Coinbase team. Ripple's (XRP) case against the SEС 🏦 on whether XRP is security caused a wave of speculation in the community. Like Coinbase knows that the trial won't end in favor of Ripple. Just speculation, in my opinion.

Swiss bank Seva decided to open an office in HK🔝. Recently, Honk Kong shared plans to reclaim its status as a crypto hub, and having a big crypto bank in the region is proof of that. Crypto banks provide businesses such as exchanges with their services, in other words, some operations can't be done without banks. Seba HK initially plans to focus on market research and provide consultatory services. Soon HK will have exchange-traded funds, and retail investors will be able to trade virtual assets. All against the backdrop of strict legislation in rival Singapore. Crypto market is back to its beginning 🤗.

Users can trade BNB-native NFTs on OpenSea now. The marketplace decided to expand, as BNB is among the other eight blockchains partnered with OpenSea. Of course, BNB is no rival to Ethereum, with BAYC generating $28.7M 💵 in the last month. During the past year, BNB generated $3B/week, more from mints than trading, but new partnerships with Ronaldo 🏃, for example, could benefit both sides.

Conclusion: The market is growing, and we are pleased with the new integrations that make life easier for users. NFTs are here to stay. Brazil and Hong Kong are moving toward their crypto goals. Is this the calm before the storm?

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.