Your Favorite Crypto Digest From TradeCrypto.com #197

Daily statistics update:

Today's market is flat. BTC is trading at $16,841; ETH is around $1,219.

💪 Bitcoin dominance: 39.92%

📉 Total Crypto Market Cap: $811.76B

😲 Fear and greed index: 27 (Fear)

🚀 Gainers (Top-100)

• DogeCoin (DOGE) +5.64%

• Axie Infinity (AXS) +3.58%

• Cardano (ADA) +2.77%

😭 Losers (Top-100)

• Helium (HNT) -11.09%

• Chain (XCN) -4.94%

• TonCoin (TON) -4.86%

Turns out we shouldn't have doubted that SBF was to stay out of prison when he arrived in the United States. I think he would have been allowed to go to the Bahamas if not for the extradition treaty. Well, it happened. Sam was released on $250 million bail. In cases like this, you don't pay the money 💸 right away, you pay for bail violations: If Sam doesn't show up in court, he has to pay the money. Where do you think all that money comes from? He has his parents to thank. Their house is in escrow. Merry Christmas🎅!

First of all, Justin Sun has said in his own way that he's a major shareholder in the Wall Street investment firm Valkyrie. A document leaked to the media says that Justin holds 850 million 🤔 in the firm, which is 90% 😱of all funds held by Valkirie's largest division, Valkyrie Digital Assets LLC. Coindesk took a cool screenshot of Valkyrie's bell-ringing at Nasdaq, where the person from the staff isn't embarrassed and wears a Tron logo T-shirt. Valkyrie is comfortable, though.

The regulator dined 🍷 with SBF and his lobbyists. Dan Berkowitz said he'll leave office on Jan. 31. According to the government watchdog, FTX actively sent letters inviting the regulator to dinners a few weeks before the collapse. And he accepted them. Now he says it's time to work on something new. He previously worked for the CFTC. I wonder how the chairman of SEC, Gary Gensler, is doing. He also met with Sam and almost gave him the opportunity to quickly defeat his opponents. In any case, everyone is under scrutiny right now, even the regulators are in this funnel 🕳.

MetaMask integrates Arbitrum and Optimism swaps 🔄 into its wallet and its Portfolio dApp. This is very convenient. Users can stay in the app and not have to trade on DEXes. MetaMask also benefits from this 🤑. The swap feature works with a 0.875% fee for each transaction. But don't forget the recent privacy concerns related to ConsenSys' data collection announcement.

We thank Brazilian President Jair Bolsonaro for signing the crypto law and packing our 🧳bags. After all, crypto is now recognized as a means of payment in the country. However, compared to El Salvador, crypto isn't recognized as legal tender. And if you're a scammer, you will be prosecuted. In addition to the fact that crypto is legal, there is also the possibility of building a business. There is a clear licensing regime for virtual asset providers. We still have 6 months before we travel to Brazil, as the law will be enacted in June 👏.

Conclusion: Well, my dears. Congratulations on the upcoming holidays and weekends. Shall we bet on how the market will behave at Christmas? By the way, in case you don't know, you can win a Spacer NFT pod in our contest with Subsocial.

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.