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🎉Big news, Bitcoin enthusiasts!🎉 Reddit and OpenAI have joined forces, and it's causing quite the stir in the tech world. Reddit's stock even saw a 13% surge in after-hours trading post-announcement! 🚀 Reddit is granting OpenAI access to its Data API, which means real-time, structured, and exclusive content from Reddit posts will be integrated into OpenAI's AI chatbot, ChatGPT. This partnership is set to enhance user exploration and interaction within Reddit communities. 🤝 In return, OpenAI will provide Reddit users and moderators with innovative AI-driven features to boost user engagement. OpenAI has also been appointed as Reddit's newest advertising partner. 🎯 Reddit's CEO, Steve Huffman, is super excited about the partnership, stating that including Reddit in ChatGPT will help people find more of what they're looking for and help new audiences find community on Reddit. 🌐 But here's the cherry on top for us BTC lovers: Reddit has been investing in cryptocurrencies since 2022, including Bitcoin and Ether, with additional investments in the Ethereum-based token Polygon (MATIC). 💰 However, it's not all smooth sailing. OpenAI, along with other AI companies, are facing legal challenges over their data acquisition practices. Sony, the world's largest music publisher, has expressed concerns about potential "unauthorized uses" of its music to train AI models. 🎵 Despite these challenges, this partnership is a big step forward for AI and social media integration. And with Reddit's investment in Bitcoin, it's a win for us BTC enthusiasts too! 🎉🎉

🎉Big news, Bitcoin enthusiasts!🎉 Reddit and OpenAI have joined forces, and it's causing quite the stir in the tech world. Reddit's stock even saw a 13% surge in after-hours trading post-announcement! 🚀

Reddit is granting OpenAI access to its Data API, which means real-time, structured, and exclusive content from Reddit posts will be integrated into OpenAI's AI chatbot, ChatGPT. This partnership is set to enhance user exploration and interaction within Reddit communities. 🤝

In return, OpenAI will provide Reddit users and moderators with innovative AI-driven features to boost user engagement. OpenAI has also been appointed as Reddit's newest advertising partner. 🎯

Reddit's CEO, Steve Huffman, is super excited about the partnership, stating that including Reddit in ChatGPT will help people find more of what they're looking for and help new audiences find community on Reddit. 🌐

But here's the cherry on top for us BTC lovers: Reddit has been investing in cryptocurrencies since 2022, including Bitcoin and Ether, with additional investments in the Ethereum-based token Polygon (MATIC). 💰

However, it's not all smooth sailing. OpenAI, along with other AI companies, are facing legal challenges over their data acquisition practices. Sony, the world's largest music publisher, has expressed concerns about potential "unauthorized uses" of its music to train AI models. 🎵

Despite these challenges, this partnership is a big step forward for AI and social media integration. And with Reddit's investment in Bitcoin, it's a win for us BTC enthusiasts too! 🎉🎉

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🚀🚀Hold onto your hats, BTC enthusiasts! The crypto market has been on a rollercoaster ride over the past 24 hours, with ETF approvals causing quite a stir. 🎢🎢 After the initial hype of the business week, the largest cryptocurrencies, including BTC, have taken a dip. BTC, which was sitting comfortably at around $67,000, took a nosedive on Monday evening following reports that the SEC could potentially approve a spot Ethereum ETF by the end of the week. 😱😱 The news sent BTC and the rest of the crypto market on a wild ride, with BTC soaring by five grand in just a few hours, reaching its highest price tag in almost two months of nearly $72,000. 🚀🚀 However, the rally didn't last long and BTC began to lose value gradually, trading around $70,000 until yesterday evening when it dropped a few grand to under $68,000. This happened just hours before the SEC's deadline to decide on ETF applications. 📉📉 The rollercoaster ride continued when the regulator approved eight Ethereum ETFs. BTC dropped to $66,400 before shooting up by two grand. However, it has since lost some ground and is now struggling below $67,000. Its market cap is down to $1.310 trillion, with a dominance over the alts of 50.2%. 😰😰 The Ethereum ETFs also impacted the price of ETH, which skyrocketed by over 20% on Monday to a six-week peak of over $3,900. It has since dropped 4% and now sits at $3,655. Other larger-cap alts like Solana, Dogecoin, Toncoin, Cardano, Avalanche, Polkadot, and Shiba Inu have all dumped by 5-8%. BNB, XRP, TRX, and BCH are also in the red. 😓😓 The total crypto market cap has lost over $100 billion since yesterday and is down to $2.617 trillion. Buckle up, folks, it's going to be a bumpy ride! 🎢🎢
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🚀🚀Buckle up, Bitcoin enthusiasts! The crypto market is holding onto its gains, thanks to Ethereum and the US SEC's approval of spot exchange-traded funds. But, here's the twist! Around $1.4 billion in Bitcoin options contracts are set to expire on May 24. 📅💥 While this seems like a big deal, it's actually a small event compared to the $4.3 billion worth of options set to expire at the end of May. The put/call ratio for this week's Bitcoin options contracts is 0.88, which means long and short-contract sellers are pretty evenly matched, with slightly more calls expiring. The max pain point (the price at which most option contract buyers lose their premium) is $67,000. 😱💸 The longs are also dominating in open interest (OI) with around $830 million at the $70,000 strike price. Higher strike prices also have a lot of OI, with around $843 million at $100,000. The $60,000 strike price has the highest amount of OI for put contracts with $388 million. So, the bulls are expecting much higher BTC prices. 🐂💹 In addition to Bitcoin options, there are around 354,000 Ethereum contracts expiring today. These have a notional value of $1.5 billion and a put/call ratio of 0.57 with more calls expiring than puts. Derivatives traders have been speculating on ETH in the run-up to the long-awaited SEC deadline. There is around $515 million in OI at the $4,000 strike price as bulls expect more momentum. 🚀📈 Almost $3 billion in BTC and ETH options will expire today, but the impact on spot markets is usually muted. Total capitalization has dropped 1.3% to $2.68 trillion, primarily due to a 2.3% dip in Bitcoin prices as the asset fell to $67,400. Ethereum faced tons of volatility ahead of yesterday’s decision but now stands calmly at $3,730. 📉📊 The altcoins were a mixed bag with gains for Chainlink (LINK), PEPE, and Ethereum Classic (ETC), but losses for Solana (SOL), Dogecoin (DOGE), and Toncoin (TON). So, will the crypto markets march higher when $1.4B Bitcoin options expire? Only time will tell! ⏰🔮
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