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🚀Get ready, Bitcoin enthusiasts! For the first time in history, a cryptocurrency firm has used blockchain technology to select a brand ambassador! 🎉 Polkadot community has voted to sponsor IndyCar racing star Conor Daly as their brand ambassador for the upcoming Indianapolis 500. 🏎️ This is not just a one-off event; it's the start of a year-long collaboration between Polkadot and Daly. This is not your typical sponsorship deal. The decision was made with a whopping 95.8% vote, showcasing the power of blockchain in ensuring transparency and community-led decision-making. 🗳️ Chris Wade, a Polkadot community member, said, "This landmark sponsorship proves the transformative power and trust of blockchain technology in making a previously exclusive process open and inclusive." 🙌 Daly, a prominent figure in the American professional racing space, is thrilled by the partnership. He said, "The fact that thousands of individuals in the Polkadot community – not a corporate marketing team – used their voices to vote and select me as their ambassador is an incredible honor." 🏆 This announcement comes as Polkadot sees a record-breaking number of addresses in its ecosystem, with more than 600,000 currently active. It's a testament to the bustling activity on the network. 🚀 So, buckle up, folks! We're witnessing a new era of blockchain-powered sponsorships! 🎉

🚀Get ready, Bitcoin enthusiasts! For the first time in history, a cryptocurrency firm has used blockchain technology to select a brand ambassador! 🎉

Polkadot community has voted to sponsor IndyCar racing star Conor Daly as their brand ambassador for the upcoming Indianapolis 500. 🏎️ This is not just a one-off event; it's the start of a year-long collaboration between Polkadot and Daly.

This is not your typical sponsorship deal. The decision was made with a whopping 95.8% vote, showcasing the power of blockchain in ensuring transparency and community-led decision-making. 🗳️

Chris Wade, a Polkadot community member, said, "This landmark sponsorship proves the transformative power and trust of blockchain technology in making a previously exclusive process open and inclusive." 🙌

Daly, a prominent figure in the American professional racing space, is thrilled by the partnership. He said, "The fact that thousands of individuals in the Polkadot community – not a corporate marketing team – used their voices to vote and select me as their ambassador is an incredible honor." 🏆

This announcement comes as Polkadot sees a record-breaking number of addresses in its ecosystem, with more than 600,000 currently active. It's a testament to the bustling activity on the network. 🚀

So, buckle up, folks! We're witnessing a new era of blockchain-powered sponsorships! 🎉

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🚀🚀 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! 💥💥 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. 📈📈 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. 🎯🎯 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. 🐂🐂 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. 🔄🔄 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! 🚀🚀 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. 🌏🌏 So, buckle up, BTC lovers! It's going to be a wild ride! 🎢🎢
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🚀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! 🐎 Binance has denied the allegations, asserting its strict market surveillance program that doesn't tolerate market abuse. 🚫 🔍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. 💰DWF 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. ⚠️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." 🔈Binance 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! 📡
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