Your Favorite Crypto Digest From TradeCrypto.com #181

Daily statistics update:

Today's market is green. BTC is trading at $17,099; ETH is around $1,280.

💪 Bitcoin dominance: 38.27%

📉 Total Crypto Market Cap: $858.83B

😲 Fear and greed index: 27 (Fear)

🚀 Gainers (Top-100)

• GMX (GMX) +16.54%

• Polygon (MATIC) +5.32%

•Zcash (ZEC) +3.50%

😭 Losers (Top-100)

• BinaryX (BNX) -5.13%

• Helium (HNT) -4.61%

• Fantom (FTM) -3.36%

Yesterday, Durov shared on his channel the decision to create a decentralized exchange and wallet. 🤓 Back in the day, Durov built Fragment, a tool for usernames on the TON. Now Pavel is disappointed that centralized 🏦 players exploited a powerful thing, blockchain. Oh, that's just part of the game, don't you agree? Durov notes that it took him 5 weeks to build and launch Fragment. Let's make bets. How long will the exchange and the wallet take?

We were getting excited for Kraken about the SEC deal for sanctions violations, and there it is. 1.100 people lost their jobs 😡 due to "current market conditions." Kraken rolled back 12 months in staff size. Whether it's a coincidence, CZ came out on Twitter and said that you must beware of platforms offering high APYs and/or having layoffs 🚨. The post was deleted later. And the community is outraged that CZ is spreading FUD. He said in Bloomberg that if he'd written about FTX sooner, he would prevent the disaster. But aside from CZ, Kraken is not doing well. That doesn't mean it's time to pack your bags.

With Justin Sun involved, separating the grain from the chaff is always a problem. He's famous for denying and then saying it was true. You can read pieces on Huobi and Poloniex on tradecrypto.com. After rejecting the rumors 🤠 of a possible merger, Huobi announced a strategic partnership with Poloniex. From Dec, the company will evaluate Poloniex and list and support the liked projects from Poloniex. Huobi's plans to gain weight are underway. To add, the companies will indeed stay independent 👯‍♀️. Only one will evaluate another.

For the first time, GMX flipped Uniswap 🔝. To remind you, GMX was created in 2021 and is now the 5th largest decentralized app in terms of fees in the past 30 days, with Uniswap being a solid top 1. This month, UNI lost 16%, while GMX only gained 4% 📈. GMX's advantage is likely because GMX holders receive 30% of all trading fees, while UNI token holders receive no share of trading fees.

Blockchain gaming giant and investment arm Animoca plans to support mid-to-late level metaverse 🌃 projects. Animoca has already invested a lot in prominent projects such as OpenSea, Axie Infinity, and the Otherside, to name a few. This time, the stakes are even higher. More info to come in 2023 when the first names of participants will be disclosed. Animoca is heading to build a genuinely open space, with big players 💎 involved.

Conclusion: Why not celebrate today, as the market is in green? The feds did their best with interest rates. Durov's plan on exchange is intriguing, and Animoca's fund even more. Pity only for former Kraken employees. Yours, Crypto Digest.

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.