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🚀Buckle up, BTC enthusiasts! Polkadot is making waves in the crypto world with a record-breaking number of active addresses on its blockchain! 🎉 According to Parity Data, Polkadot has amassed over 605,200 active addresses. 📈 Moonbeam, the cross-chain smart contract platform, takes the lead with around 248,000 addresses. Following closely are 191,000 addresses directly established on Polkadot. 🌕 The decentralized IoT network 'Nodle' comes next with 66,063 active addresses, trailed by Polkadot's top parachain protocol Astar, and decentralized liquid staking protocol Bifrost with 24,262 and 16,907, respectively. 🌐 Polkadot's tweet on the milestone reads, "Activity continues to grow in the Polkadot ecosystem... Polkadot is about flexibility without compromising on resilience." 🐦 Moreover, the number of unique accounts holding non-zero balances is on the rise, surpassing 5.59 million by the end of March. However, total transactions on the network remain relatively subdued. 📊 In other news, Polkadot's native DOT token is on a modest recovery, up by nearly 5% in the past 24 hours. Palo Alto venture capital firm Electric Capital even named DOT as a crypto to watch in the upcoming cycle. Keep your eyes peeled, folks! 👀🚀

🚀Buckle up, BTC enthusiasts! Polkadot is making waves in the crypto world with a record-breaking number of active addresses on its blockchain! 🎉 According to Parity Data, Polkadot has amassed over 605,200 active addresses. 📈

Moonbeam, the cross-chain smart contract platform, takes the lead with around 248,000 addresses. Following closely are 191,000 addresses directly established on Polkadot. 🌕

The decentralized IoT network 'Nodle' comes next with 66,063 active addresses, trailed by Polkadot's top parachain protocol Astar, and decentralized liquid staking protocol Bifrost with 24,262 and 16,907, respectively. 🌐

Polkadot's tweet on the milestone reads, "Activity continues to grow in the Polkadot ecosystem... Polkadot is about flexibility without compromising on resilience." 🐦

Moreover, the number of unique accounts holding non-zero balances is on the rise, surpassing 5.59 million by the end of March. However, total transactions on the network remain relatively subdued. 📊

In other news, Polkadot's native DOT token is on a modest recovery, up by nearly 5% in the past 24 hours. Palo Alto venture capital firm Electric Capital even named DOT as a crypto to watch in the upcoming cycle. Keep your eyes peeled, folks! 👀🚀

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Hey there, BTC enthusiasts! 🚀 The Bitcoin adoption wave is hitting new highs, with traditional finance (TradFi) firms jumping on the bandwagon at an impressive speed. The growing investments in spot Bitcoin ETFs are a clear sign of increasing institutional interest in crypto assets. 💼💰 Last quarter, a whopping number of U.S. banks, investment managers, hedge funds, and professional firms bought spot Bitcoin ETFs, according to their 13F filings with the SEC. A tweet from K33 Research revealed that 937 professional firms in the U.S. were invested in the Bitcoin ETF market as of March 31. 📈 Among the big players, Millennium Management and Susquehanna International Group (SIG) led the charge with investments of $2 billion and $1 billion in Bitcoin products, respectively. Following them were Bracebridge Capital and Boothbay Fund, with ETF purchases worth $434 million and $377 million. 💪 Even banking giant Morgan Stanley and advisory company Pine Ridge Advisers made significant moves with investments totaling $269 million and $205.8 million. Other firms like Aristeia Capital, Graham Capital, and Crcm LP also reported substantial exposures to Bitcoin ETFs. 🏦 Interestingly, many other professional firms disclosed smaller investments in the Bitcoin ETF market. Even major banks like JPMorgan Chase and Wells Fargo dipped their toes in, with investments totaling $760,000 and $143,000, respectively. 🏢 Most of these firms spread their investments across several ETFs, with Grayscale’s GBTC, BlackRock’s IBIT, Fidelity’s FBTC, and Ark Invest’s ARKB seeing the largest allocations. 🌐 And guess what? The digital asset market may soon see an influx of investments from state-owned professional firms. The State of Wisconsin Investment Board has already set the pace with a $163 million exposure to Bitcoin ETFs. 🌎 So, keep your eyes peeled, folks! The Bitcoin train is picking up speed! 🚂💨
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🚨Crypto enthusiasts, listen up!🚨 Hong Kong police have nabbed three employees from a currency exchange shop suspected of crypto fraud. The arrest followed a customer's report of encountering "hell money" (used in traditional Chinese rituals) before executing a crypto transfer worth about HK$1 million. 😱 The suspects, aged 31 to 34, allegedly presented stacks of hell banknotes, each with a face value of HK$500, and convinced the victim to transfer Tether (USDT) to a crypto wallet they provided. Once they received the virtual currency, they failed to fulfill their agreement and left the victim empty-handed. 🕵️‍♂️ In Hong Kong, fraud can lead to a whopping 14 years in prison, while obtaining property by deception could result in a maximum sentence of 10 years. The authorities have urged residents to be cautious when conducting transactions and to opt for reputable crypto exchange shops. 🚔 This isn't the first crypto scam in Hong Kong. Recently, three teenagers were arrested, and a 19-year-old was rescued after being lured with the promise of meeting people and trading crypto assets. In another case, a housewife lost HK$7.1 million ($908,000) after being duped into investing in cryptos through a scam platform on Instagram. 📉 Stay vigilant, folks! While we're all for the rise of BTC, it's crucial to keep an eye out for scams. Always remember to check the legitimacy of the platform and the security features of banknotes. Stay safe in the crypto world! 💪🔒
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🚀🚀 Bitcoin enthusiasts, buckle up! The Chinese police have busted a massive underground banking operation using Tether (USDT) to facilitate transfers of a whopping 13.8 billion yuan ($1.9 billion)! 👮‍♂️👮‍♀️ According to local media, 193 suspects linked to the case were arrested and 149 million yuan ($20.6 million) frozen after the police raided the operation’s location. The underground banking operation was led by a criminal gang, who used USDT to run a foreign exchange payment and settlement business, providing illegal services to cosmetics and drug smugglers and locals acquiring foreign assets. 💰💰 Besides using the stablecoin to transfer funds abroad, the gang also joined forces with other companies to fraudulently obtain tax refunds. The police found that USDT was used to evade national foreign exchange supervision, posing a threat to the country’s financial security. 🕵️‍♂️🕵️‍♀️ The operation was first discovered in November 2022 during a drug case investigation. In June 2023, a task force raided six municipalities, leading to the arrest of 25 suspects and the seizure of many payment instruments. Another raid in August 2023 led to the arrest of 168 individuals in 26 provinces. 🚨🚨 This raid in Chengdu is the second this month. Earlier this week, the police force in Panshi City of the Jilin Province cracked another underground bank involving 2.14 billion yuan ($296 million) in cryptocurrencies and arrested six individuals. 🔥🔥 While this news might seem alarming, remember, it's not about Bitcoin! Bitcoin remains a beacon of hope in the world of digital currency. Stay tuned for more updates! 🚀🚀
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