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๐Ÿš€๐ŸŽ‰ Buckle up, Bitcoiners! Toncoin is on a roll, hitting an all-time high of $6.50 on April 9, following a whopping 20% gain on the day. It's outperforming every other crypto asset in the top 50. ๐Ÿ’ช๐Ÿ”ฅ Toncoin's big move has enabled it to flip Cardano (ADA) and take the tenth spot with a market cap of $22.4 billion. Poor Cardano, still languishing more than 80% down from its 2021 peak, has been dumped out of the top ten despite a 4% daily gain to top $0.61. ๐Ÿ“‰๐Ÿ˜ข Toncoin's been on fire since March, with a 150% gain, according to CoinGecko. ๐Ÿธ๐Ÿ’ฐ The social messaging platform Telegram's move to ditch the Euro in favor of its native TON token for platform payments has added fuel to the fire. ๐Ÿ”ฅ๐Ÿ’ธ The Open Network's move into AI has also sparked today's price explosion. They've partnered with biometrics company HumanCode AI on a $5 million incentive program in TON for people to enroll in the firmโ€™s palm-scanning โ€œproof-of-personhoodโ€ system. ๐Ÿค–๐ŸŒ Meanwhile, Cardano has been lackluster and the subject to more FUD. ADA prices remain depressed and have failed to mirror the gains many of its peers have during this bull market. Ethereum, however, is doing well today, topping $3,700 for the first time in three weeks following an 8% surge. ๐Ÿ“ˆ๐Ÿ’น In conclusion, it's a thrilling time for Toncoin, and we can't wait to see where it goes next! ๐Ÿš€๐ŸŒ•

๐Ÿš€๐ŸŽ‰ Buckle up, Bitcoiners! Toncoin is on a roll, hitting an all-time high of $6.50 on April 9, following a whopping 20% gain on the day. It's outperforming every other crypto asset in the top 50. ๐Ÿ’ช๐Ÿ”ฅ

Toncoin's big move has enabled it to flip Cardano (ADA) and take the tenth spot with a market cap of $22.4 billion. Poor Cardano, still languishing more than 80% down from its 2021 peak, has been dumped out of the top ten despite a 4% daily gain to top $0.61. ๐Ÿ“‰๐Ÿ˜ข

Toncoin's been on fire since March, with a 150% gain, according to CoinGecko. ๐Ÿธ๐Ÿ’ฐ The social messaging platform Telegram's move to ditch the Euro in favor of its native TON token for platform payments has added fuel to the fire. ๐Ÿ”ฅ๐Ÿ’ธ

The Open Network's move into AI has also sparked today's price explosion. They've partnered with biometrics company HumanCode AI on a $5 million incentive program in TON for people to enroll in the firmโ€™s palm-scanning โ€œproof-of-personhoodโ€ system. ๐Ÿค–๐ŸŒ

Meanwhile, Cardano has been lackluster and the subject to more FUD. ADA prices remain depressed and have failed to mirror the gains many of its peers have during this bull market. Ethereum, however, is doing well today, topping $3,700 for the first time in three weeks following an 8% surge. ๐Ÿ“ˆ๐Ÿ’น

In conclusion, it's a thrilling time for Toncoin, and we can't wait to see where it goes next! ๐Ÿš€๐ŸŒ•

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๐Ÿš€๐Ÿš€ Get ready, BTC enthusiasts! The crypto markets have been pretty chill recently, trading sideways with a tiny mid-week dip. But hold on to your hats, because we're about to see some action! ๐Ÿ’ฅ๐Ÿ’ฅ On May 10, approximately 18,280 Bitcoin options contracts are set to expire. This could stir up some volatility in the market. The notional value of these expiring contracts is around a whopping $1.15 billion, according to Deribit. ๐Ÿ“ˆ๐Ÿ“ˆ The put/call ratio for this week's BTC options is 0.64, meaning more long contracts are expiring than shorts. The longs are also ruling the roost in open interest (OI) with almost $700 million at the $70,000 and $100,000 strike prices. ๐ŸŽฏ๐ŸŽฏ But wait, there's more! The OI for put contracts is also starting to rise, with around $360 million at the $50,000 strike price. Overall, the OI for Bitcoin call options is more than double the OI for put options, indicating a bullish trader sentiment. ๐Ÿ‚๐Ÿ‚ Trading firms like QCP Capital and Paradigm have noticed a renewed demand for upside call options. Some buyers are even closing existing positions to roll into higher strike calls expiring in July and September. ๐Ÿ”„๐Ÿ”„ Besides Bitcoin, 276,000 Ethereum contracts are also set to expire. These contracts have a notional value of around $840 million and a put/call ratio of 0.74. Ethereum derivatives traders seem to be bullish too! ๐Ÿš€๐Ÿš€ As for the crypto market outlook, it's gained 2.1% on the day to reach $2.45 trillion in total capitalization. Bitcoin dipped below $61,000 on May 9 but has bounced back to tap $63,000 during the Friday morning Asian trading session. ๐ŸŒ๐ŸŒ So, buckle up, BTC lovers! It's going to be a wild ride! ๐ŸŽข๐ŸŽข
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๐Ÿš€Buckle up, BTC enthusiasts! A recent WSJ report alleges that Binance, the crypto exchange behemoth, dismissed an investigator who uncovered market manipulation by DWF Labs, one of its clients. But hold your horses! ๐ŸŽ Binance has denied the allegations, asserting its strict market surveillance program that doesn't tolerate market abuse. ๐Ÿšซ ๐Ÿ”According to the WSJ, Binance's VIP clients, who accounted for two-thirds of the company's total trading volume in 2023, were involved in wash trading and pump and dump schemes. One such VIP client was DWF Labs, which was accused of the same crime in 2023. ๐Ÿ’ฐDWF Labs, which made a minimum of $4 billion in trades per month, supposedly proposed to its clients that it could "drive up" token prices and create "artificial volumes" on the exchange and other platforms. The Binance investigators found that DWF Labs manipulated the price of the Yield Guild Game (YGG) token and six others, processing $300 million in wash trades in 2023. โš ๏ธHowever, when the surveillance team reported DWF's activities to Binance, the crypto exchange fired the head of the project one week later. A Binance executive told WSJ that the investigator was dismissed after an internal inquiry found the allegations against DWF Labs were not "fully substantiated." ๐Ÿ”ˆBinance and DWF Labs have both refuted the WSJ report. Binance emphasized its intolerance to market abuse and its commitment to ensuring healthy competition in the industry. DWF Labs, on the other hand, called the allegations "unfounded" and a distortion of facts. Stay tuned for more updates! ๐Ÿ“ก
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๐ŸšจCrypto enthusiasts, buckle up! Binance, the world's largest crypto exchange, has been slapped with a $4.4 million fine by Canada for violating anti-money laundering rules last year. ๐Ÿ˜ฎ The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) found Binance guilty of two violations during a compliance activity in 2023. The crypto giant failed to register as a foreign money services business (FMSB) and did not report large virtual currency transactions exceeding $10,000 CAD. A whopping 5,902 transactions weren't reported properly between June 2021 and July 2023. ๐Ÿ“๐Ÿ’ฐ This fine comes hot on the heels of Binance co-founder and ex-CEO, Changpeng Zhao (CZ), being sentenced to four months in prison for failing to implement an adequate know-your-customer (KYC) and anti-money laundering (AML) regime at his exchange. ๐Ÿ˜ฑ But wait, there's more! Binance is currently juggling a massive lawsuit from the Securities and Exchange Commission (SEC) for listing alleged securities on its platform. The firm's current CEO Richard Teng is also wrestling with the Nigerian government to release a detained Binance executive. ๐ŸฅŠ In Canada, Binance has already closed its operations due to its inability to meet the nation's regulatory standards. Meanwhile, Coinbase has recently become the first foreign exchange to gain a full license to operate in the country. ๐Ÿ‡จ๐Ÿ‡ฆ Despite the legal troubles, we remain optimistic about Bitcoin. Stay tuned for more updates! ๐Ÿš€๐ŸŒ•
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