Your Favorite Crypto Digest From TradeCrypto.com #157

The statistics:

Market is red. BTC is now trading above $20,200, ETH is trading around $1,500.

💪 Bitcoin dominance: 41.43%

📉 Total Cryptocurrency Market Cap: $ 0,938 tr

😲 Fear and greed index: 30 (Fear)

🚀 Gainers (Top-100)

• TerraClassicUSD (USTC)+16.36%

• Klaytn (KLAY)+4.45%

• Cosmos (ATOM)+1.25%

😭 Losers (Top-100)

• Toncoin (TON)-13.13%

• Aptos (APT)-12.18%

• Shiba Inu (SHIB)-9.17%

Some of Twitter’s C-suite has reportedly been flushed out by the company’s new owner with its CEO, CFO, and legal head all sacked on Elon Musk’s first day at the helm. Elon Musk reportedly finalized his $44 💰 billion takeover of social media platform Twitter on Oct. 27 and has started his tenure at the company by cleaning house at the upper executive level.

According to sources from multiple outlets, CEO Parag Agrawal, CFO Ned Segal, and head of legal and policy Vijaya Gadde are reported to have been sacked with Musk accusing them of misleading him over the number of spam accounts on the platform. Agrawal and Segal were “escorted ❌ out” of the company’s headquarters when the deal closed according to Reuters sources. It was to be expected.

Trying to bypass Mastercard? According to records submitted to the United States Patent and Trademark Office, the Visa International Service Association filed two applications for its character mark to be used in software 📃 “to view, access, store, monitor, manage, trade, send, receive, transmit, and exchange” crypto assets and nonfungible tokens, or NFTs. The filings also suggested the credit card company may be exploring a move into the metaverse, with its namesake used in “virtual environments in which users can interact for recreational, leisure or entertainment purposes.”

Musk's influence? Social media platform Twitter today announced that it will let users buy, sell, and display NFTs directly through tweets in partnership with four marketplaces. The integration, called NFT Tweet Tiles, displays the artwork 🎨 of an NFT in a dedicated panel within a tweet, and includes a button to let users click through to a marketplace listing.

The integration—which is still in testing—currently works with marketplaces from four specific 🤝 partners: Solana-centric marketplace Magic Eden, multi-platform NFT marketplace protocol Rarible, Flow blockchain creator Dapper Labs, and sports-centric platform Jump. trade. A Twitter representative confirmed that the feature is blockchain-agnostic, so all networks are supported so long as the links are from a partnered marketplace.

Did it happen after all? The popular messaging app Telegram announced the official launch of its new marketplace built on the Telegram Open Network (TON) blockchain. The marketplace will serve as an auction ⚖️ platform on which rare Telegram handles will be up for grabs. Telegram will start with auctions of four- and five-letter handles, with this being the first time shorter handles will be made available to all users. The auction will last a week, with a price minimum for a four-character handle likely to be set at 10,000 Toncoin, the native token of the TON blockchain.

Elon Musk dropped a last-minute statement on his motivations for acquiring the social media giant. And the avid Dogecoin fan has much more in mind than just potentially incorporating crypto features on the platform. “There has been much speculation about why I bought Twitter, and what I think about advertising. Most of it has been wrong,” 📲 Musk said on Twitter.

Musk said his primary motivation for buying the company is to ensure the “future of civilization.” He said the goal is to preserve a “common digital town square,” where people with wide-ranging beliefs can debate their views without resorting to violence, rather than splintering into “far right-wing and far left-wing echo chambers.” 💬 “That is why I bought Twitter. I didn’t do it to make more money. I did it to try to help humanity, whom I love,” he wrote. How noble of him.

“I think you’ll probably be hearing something from us on that in the not-too-distant future,” the billionaire founder told interviewers on the subject of creating an FTX stablecoin. The FTX chief added that though the firm already has the know-how to make its own stablecoin, it’s a project the company would prefer to do as a partnership. “We’ve held off on doing it because, I think to some extent, we think that cooperating on that can be really powerful and a lot of that ends with us trying to find 🕵️‍♂️ the partners we’d be really excited to work with there,” said Bankman-Fried. Who will he choose as his partner?

Multichain nonfungible token (NFT) marketplace myNFT has announced it will showcase its first-ever physical NFT vending machine at this year’s NFT.London event scheduled for Nov. 2–4. The NFT platform hopes to provide an easy and accessible way for people who want to start buying 💸 and trading digital assets without needing deep knowledge of the Web3 industry. The vending machine will allow users to purchase an NFT without owning a digital wallet.

Conclusion: The deal with Musk did happen, despite reasonable doubts. The European Central Bank yesterday expectedly raised its interest rate by 0.75% to 2% on inflation of 10%. Therefore we see a small pullback. Although the stock market was hit harder.

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.