Your Favorite Crypto Digest From TradeCrypto.com #121

The statistics:

Market is green. BTC is now trading above $19,300, ETH is trading around $1,600

💪 Bitcoin dominance: 39.11%

📉 Total Cryptocurrency Market Cap: $ 0.943 tr

😲 Fear and greed index: 20 (Extreme Fear)

🚀 Gainers (Top-100)

• Terra Classic (LUNC)+44.69%

• Helium (HNT)+24.84%

• TerraClassicUSD (USTC)+17.25%

  😭 Losers (Top-100)

• OKB (OKB)-1.97%

• Huobi Token (HT)-0.54%

• Neutrino USD (USDN)-0.18%

The fans will love it. Sorare’s Ethereum-based fantasy soccer platform helped spearhead the rise of both NFT gaming and digital sports collectibles, and the firm recently expanded into baseball 🏀 with an official MLB game. Now, Sorare plans to enter NBA Top Shot’s turf with the upcoming launch of an official NBA fantasy basketball game.

Created in partnership with the NBA and the National Basketball Players Association (NBPA), the platform will let users collect and utilize Ethereum NFT cards 🃏 based on pro players from the league. Like Sorare’s soccer and baseball games, users can create a lineup from their owned NFT players and enter leagues that provide ETH and NFT card rewards to top performers.

Will it help them? The SPAC taking crypto miner Bitdeer public at a $4 billion valuation has filed another extension, delaying the merger until December. The Blue Safari Group was supposed to merge with BitDeer by June 14 but filed an extension to push the deadline 🕧   back to September 14. According to the terms, this second extension is the last that can be covered by the loan. It bears no interest and doesn't need to be repaid until the companies have completed their merger.

The David Bowie estate is launching NFTs with OpenSea next week, but many Bowie fans aren't impressed. Nine different visual artists 🎨 have created Bowie-inspired NFTs as a part of the “Bowie on the Blockchain” NFT launch, with 100% of the proceeds to be donated to CARE, a nonprofit organization focused on fighting world hunger and global poverty.

In the case of the Bowie NFTs, many users on social media aren’t happy to see the legendary star’s likeness associated with the blockchain tokens. While a few expressed support for NFT technology, others told the Bowie estate, “Don’t ❌ do this.” It's unlikely to make an impact, but still.

Was the bride happy about it? A Bitcoin (BTC) evangelist in Lebanon took their love for Bitcoin to the next level. Said Nassar, an international business engineer, themed his wedding 🕊 day around Satoshi Nakamoto’s innovation, Bitcoin. Each and every wedding guest received Satoshis (the smallest denomination of a Bitcoin) as a wedding gift 🎁 for attending the Nassar family’s special day, while the theme of the wedding was volcanoes—a nod to El Salvador’s Bitcoin bonds, commonly known as the Volcano bonds.

Are they in trouble again? The Vermont Department of Financial Regulation, or DFR, alleged crypto lending platform Celsius Network and CEO Alex Mashinsky misled 🤐 state regulators about the firm’s financial health and its compliance with securities laws.

Vermont’s financial regulator said Celsius and Mashinsky “made false and misleading claims to investors” which allegedly downplayed concerns about volatility in the crypto market, encouraging retail investors to leave their funds on the platform or make new investments. According to the state regulator, Celsius and its CEO 💬 “lacked sufficient assets to repay its obligations” despite claiming the firm had enough funds in its reserves to mitigate the risk of insolvency.

Three federal agencies in the United States — the Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency and the Multi-State Information Sharing and Analysis Center — jointly issued an advisory seeking 🔎 information to curb ransomware attacks. While proactive measures remain vital to counter ransomware, the FBI asked US citizens to report information that helps track the whereabouts of the hackers. Not a bad idea.

Oops, a nasty twist. Thailand’s Securities and Exchange Commission, or SEC, has accused crypto exchange 💱 Zipmex and its co-founder Akalarp Yimwilai of non-compliance with local laws and referred the matter to the police.

In an announcement, the Thai SEC alleged Zipmex had not provided information on digital wallets and crypto transactions in compliance with the country’s Digital Assets Act. The regulator claimed that both Akalarp and the exchange forwarded incomplete information outside of an approved ⌛️ timeframe without providing a “reasonable cause” or excuse.

Conclusion: The last fall ended rather quickly. We now see a correction and return of Bitcoin price to 19th per unit. It's been a long time since the market volatility we were used to a year ago. Perhaps more liquidity in the Binance depth will squeeze the frames even more.

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.