Following a wave of cryptocurrency ads securing airtime for promotions during the 2022 Super Bowl, the subsequent year witnessed an absence of crypto entities airing commercials in the event. The trend is set to continue into 2024, as highlighted by a recent analysis on the subject. Although several firms launched commercials for exchange-traded funds (ETFs), […]
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Larry David Reflects on Super Bowl FTX Ad: ‘Like an Idiot, I Did It’
At the premiere of “Curb Your Enthusiasm’s” final season, Larry David expressed remorse for his participation in a Super Bowl commercial for FTX, reflecting on the decision as misguided after the cryptocurrency exchange’s bankruptcy.
Larry David Admits Regret Over FTX Super Bowl Ad: ‘Like an Idiot, I Did It’
Larry David, the creator behind “Seinfeld” and “Curb Your Enthusiasm,” has recently expressed regret over his involvement in a Super Bowl ad for the now-bankrupt cryptocurrency exchange FTX. Speaking at the premiere of the final season of “Curb Your Enthusiasm,” David admitted that his decision to endorse FTX was misguided.
I asked people—friends of mine who were well versed in this stuff—’Should I do this ad? Is there anything wrong with this, with me doing this? Is this okay?’ And they said, ‘Yeah, this is totally on the up and up… Do it.’ So like an idiot, I did it.
In the 2022 Super Bowl commercial, David humorously rejected groundbreaking inventions like the wheel and the lightbulb, ending with a skeptical view of FTX. This ironic approach became controversial when FTX filed for bankruptcy in November 2022 after significant discrepancies in its accounting came to light.
Alongside other celebrity endorsers, including Tom Brady and Shaquille O’Neal, David found himself embroiled in a class action lawsuit. The suit accuses them of complicity in a “fraudulent scheme” with FTX founder Sam Bankman-Fried, aimed at deceiving unsophisticated investors.
“I’m in a class action lawsuit, which I would love to be part of,” David told the Associated Press. “Because part of my salary was in crypto—so I lost a lot of money.” It’s reported in a biography of Bankman-Fried by Michael Lewis that David was paid million for the ad, but the payment method remains unconfirmed.
Legal proceedings against FTX continue, recently the Third Circuit Court of Appeals in Philadelphia reversed a prior decision, now requiring FTX to be investigated by an independent examiner. As for FTX’s founder and former CEO, Bankman-Fried has been convicted of multiple federal fraud and conspiracy charges, with sentencing scheduled for March.
Do you think Larry David is culpable of any wrongdoing for partaking in the FTX Super Bowl ad? Share your thoughts and opinions about this subject in the comments section below.
Super Bowl 58 Wagers Heat up — 49ers Lead as Crypto Betting Markets Favor Their Victory
In just under two weeks, the National Football League (NFL) champions of the American Football Conference (AFC), the Kansas City Chiefs, and their counterparts from the National Football Conference (NFC), the San Francisco 49ers, will clash in the much-anticipated Super Bowl 58. As of right now, various cryptocurrency betting platforms indicate a preference for the 49ers to emerge victorious in the championship showdown.
49ers Edge Out Chiefs in Crypto Betting Markets
On February 11, 2024, a showdown is set between the Kansas City Chiefs and the San Francisco 49ers in Super Bowl LVIII, sparking a surge in betting activity. Crypto enthusiasts have also been actively wagering on the NFL’s forthcoming title match, with the 49ers emerging as the nominal frontrunner for victory.
Polymarket, the decentralized prediction market operating on Polygon, suggests that the 49ers hold a 52% likelihood of victory, while the Chiefs are close behind with a 48% chance. As of Jan. 30, 2024, wagers on Super Bowl 58 on Polymarket have soared to 5,362. This betting trend is mirrored on other digital currency platforms.
For instance, Stake.com lists the San Francisco 49ers as favorites with odds of 1.8, indicating a higher probability of their win compared to the Kansas City Chiefs, who are pegged at 2.02 odds, signaling a slightly lower chance of victory. Likewise, the bitcoin sportsbook at luckyblock.com echoes these odds, placing the 49ers in the lead.
Currently, conventional betting sites reflect identical odds for the Super Bowl. CBS News correspondent Jordan Dajani, reporting on Tuesday, labeled the Chiefs as the “slight underdogs.” Dajani, however, points out that these odds are subject to swift changes as the game approaches.
“It’s worth mentioning that these lines are live and they will surely experience some movement — which they already have, as the line dipped by a full 1.5 points overnight, with the Niners sitting at -1 on Monday morning,” Dajani wrote.
Betting odds and the wisdom of the crowd offer a fascinating glimpse into collective anticipation and opinion. As the Super Bowl 58 approaches, both traditional and cryptocurrency-based platforms showcase how enthusiasts engage with sports through predictive wagers. These markets not only reflect public sentiment but also serve as dynamic, real-time barometers of changing perspectives.
What do you think about the crypto betting sites predicting the outcome of Super Bowl 58? Let us know what you think about this subject in the comments section below.
Polygon (MATIC) Gathers Strength As It Rides The Super Bowl NFT Wave
The Super Bowl Season has always been an exciting event and Polygon rides the wave through the minting of 1 million Super Bowl NFTs.
But first, here’s a quick glance of Polygon (MATIC) performance in the last few days:
- MATIC price is down by 1.43% as of press time
- Polygon NFTs riding the wave of the Super Bowl hype; now 4th largest in terms of NFT volume at .37 million
- MATIC price looks bullish for the long term
Polygon knows exactly what to do with the Super Bowl hype and uses that to gather momentum.
Over 1 million @Reddit Super Bowl NFTs minted #onPolygon
Claim yours before the big game
https://t.co/1BPiBUJ92r pic.twitter.com/rbP5NH8mkY
— Polygon (@0xPolygon) February 10, 2023
The network’s massive NFT adoption is working in its favor as it gathers strength and has the potential to jump above and beyond the resistance spotted at .6.
Polygon Flexes Muscles In The NFT Space
Apart from the fact that Polygon is seen to be growing tremendously, especially in the NFT arena, its upcoming mainnet upgrade as well as the zk-EVM has allowed the network to gain more traction.
Ethereum is seen to be leading the pack in both the NFT and DeFi space, but it seems that Polygon is keeping up or even close to outpacing the giant.
Currently, Polygon is considered the 4th largest in sales volume in the NFT space with over .37 million, registering an increase of as much as 30.72%.
The number of transactions also jumped by as much as 73% in the past week with Ethereum dropping 4.34%.
More so, OpenSea’s daily volume also registered a phenomenal growth as it peaked at .7 million. Comparatively, the total of NFTs sold has been low in the past couple of months.
OpenSea’s monthly volume on Polygon has also barreled past million in its first week which is its highest since May of the previous year, a strong indicator that the value of NFTs on the platform has spiked significantly.
MATIC Bulls Seen Dominating In The Long Term
MATIC price is seen to be gathering more strength ever since its price was resuscitated when it dipped below .3 in June of last year.
According to CoinMarketCap, MATIC price has nosedived by 2.86% or trading at .22 at the time of writing.
Incredibly, MATIC is considered to be one of the top gainers in cryptocurrencies despite the crypto bleeding enormously in the past year.
MATIC price is dubbed to be predominantly bullish in a long-term perspective with a firm support base spotted above which means that even with a huge price drop, this can still encourage a rebound rising from .05 and could surge further surpassing .6.
Polygon’s NFT trade volume has witnessed a spike in activity as spotted on February 10, but the total volume for that day is still lower when compared to its monthly high.
Overall, MATIC bulls are seen to maintain their winning streak longer than usual.
-Featured image by NBC Sports
Market Update: Cryptocurrencies Rebound After The Super Bowl
The top ten cryptos were all up yesterday after some crypto companies advertised during the pro football championship game.
Yesterday’s market volatility continued with the SPX500 and DJ30 falling 0.29% and 0.44%, respectively, as well as NASDAQ100, rising marginally by 0.25%. Investors were again unnerved by geopolitical tensions throughout Europe to bring about a sell-off in their stocks on Friday evening; however, they seemed calmer today.
Related Reading | Bitcoin Price: Research Group Sees Crypto Hitting 0,000
The UK100 fell 1.75% yesterday as broader market fears over the geopolitical situation in Ukraine sent stocks tumbling across Europe. On Monday night, the oil price nearly hit , increasing its previous high near 90 dollars.
Top Cryptocurrencies Performance
The price of Bitcoin briefly rose to ,500 today. Solana rose 8%, while Ethereum gained more than 7%. XRP and Cardano also saw increases with 3 percent each at their peak values throughout Tuesday’s trading session alone.
Bitcoin gained 3.6% in 24 hours and trading at ,000 | Source: BTC/USD Chart on Tradingview.com
The live price for Avalanche is .33, with a 24-hour trading volume that has increased by over a billion. Meanwhile, its token AVAX is up nearly 11% over the same time period.
With a 24-hour trading volume of .12 billion, Polygon is currently up 10% from yesterday’s price action and market cap 15th most significant coins in terms of the total worth.
Related Reading | Polygon Token Price Analysis – New All-Time High This Week For MATIC?
Top Gainers Of The Day
It’s a good day to be in the top 100. Today’s biggest winners of the top 100 are Kadena, Gala, Mina, and The Graph. Kadena is a blockchain ecosystem that makes crypto work for everyone! They provide the security of Bitcoin with virtually free gas and unparalleled throughput. Their smart contracts are more innovative than ever, too – they have almost raised their value today due in large part because it offers all this great technology at an affordable price point (and no lock-ups).
With the recent announcement of Galaverse dates, Gala Games’ market value has increased by 18%. The Graph, an indexing protocol for querying data on networks like Ethereum and IPFS that powers many applications in DeFi (decentralized finance) and a broader Web3 ecosystem, is up 19% within 24 hours.
Recently, Mina saw their value surge 17% as they continue on a path to make blockchain more efficient. Mina Protocol is making headway with its succinct blockchain to curb computational requirements for DApps transactions.
The last 24 hours have been fascinating for cryptocurrency traders, with many coins gaining significant value. One such example is Decentraland’s MANA token which saw its price increase by 9% in just one day. Other winners include Secret at +14%, Helium (+12%), and Qtum(+11%). The most popular metaverse Fantom also did well; it went up 8%.
Hedera Hashgraph, the newest blockchain technology based on directed acyclic graphs (DAGs), has seen an 11% increase in value over 24 hours. The live price is .25 with a trading volume of 180 million dollars for today’s session alone.
Top Trending Market Update
onLEXpa (Online Lex Partners) is specialized in developing online courses and projects. After migrating to their new BSC contract, this business aims to make education more accessible through blockchain technology, which gave them 2623% growth.
The value of Dopex has shot up 25% today, following its successful launch. The protocol is designed to maximize liquidity and minimize losses for option writers while maximizing gains by buying the rights from those who want them at a low price – which it does through an innovative trading algorithm.
Puppy Bowl Partners With Chronicle For Exclusive NFT Collection
As the digital asset space grows, new use cases are found for blockchain, the technology behind this investment class. One of the most popular ways this technology has been used lately is with NFTs.
These tokens have become incredibly desirable, with almost billion being spent on the NFT marketplaces in 2021 alone.
The NFT craze continues on its non-stop upwards trajectory as Discovery Inc. throws its hats into the ring with their own collection for the Puppy Bowl, a companion event to the Super Bowl where puppies play football.
Each Puppy Bowl NFT has a distinct design that includes visual tributes to the Puppy Bowl. A portion of the proceeds made from the NFTs will be going to the Orange Twins Rescue, an animal rescue organization founded by mega pop star Ariana Grande and brothers Scott and Brian Nicholson.
More on the Puppy Bowl NFT Collection
The NFT collection consists of 23 exclusive NFTs, and prices range from to 0 per digital playing card. The NFTs also run on a proof-of-stake blockchain to reduce the tokens’ carbon footprint.
The drops are split up into four categories:
- Free Common Cards – As the name suggests, this set was free and kicked off the collection.
- Common Cards – This drop has cards that feature Moby and Dinozzo, the captains of Team Fluff and Team Ruff.
- Rare Cards – This drop has cards featuring puppies in the starting line-up. If you collect all eight puppies from Team Ruff and Team Fluff, there’s an additional bonus card you can unlock.
- Legendary Cards – This drop features virtual pets and is the rarest set. There will only be 10 of each “Fluff 2022 Cryptopuppy” and “Ruff 2022 Cryptopuppy”.
The Puppy Bowl XVIII
The Puppy Bowl has been held every year since 2005 to highlight adoptable puppies that need homes and the rescues and shelters that house them.
This year’s Puppy Bowl XVIII will have 100 adoptable dogs from 33 states playing on Team Ruff and Team Fluff. The event will be held on February 13 at 2 p.m. ET, only a few hours before the Super Bowl airs.
Where Collectors Can Get Puppy Bowl NFTs
Puppy Bowl NFTs are now available on Chronicle, a studio and NFT marketplace built for fans looking to acquire officially licensed collectibles. The platform launched in 2021 and is primed and ready to help users enter the metaverse.
With many of the world’s leading brands already using Chronicle, Puppy Bowl NFTs are sure to garner their fair share of attention from collectors looking for a fun and valuable digital asset worth owning.
Bitcoin-Related Super Bowl Ads Spark Some Major Discussions
The yearly Super Bowl event is mainly known for its interesting commercial and half-time shows. Even though it’s sports event watched by millions around the world, the ads are always most talked about. This year, we have seen a surprising as by TD Ameritrade talking about Bitcoin futures. This took a lot of people by surprise. Additionally, there’s also a negative report involving AML Bitcoin’s allegedly rejected Super Bowl ad.
Ensuring Bitcoin gains mainstream traction has been very difficult so far. The general public still sees cryptocurrency as something negative. Especially with the Bitcoin price tanking, the overall sentiment hasn’t improved much. Big was everyone’s surprise when a TD Ameritrade advertisement showed up during the event. More specifically, it is an advertisement by the bank involving Bitcoin futures contracts. The company joins the Bitcoin futures bandwagon, by the look of things. It is unclear how successful this new venture will be.
More competitors on the Bitcoin futures market can only be a good thing. After all, it seems to create a bullish case for the world’s leading cryptocurrency right now. With multiple competitors in this market, interesting things will happen. TD Ameritrade embarks on a very intriguing mission in this regard. So far, Bitcoin futures have not made much of an impact on the market. This latest Super Bowl ad may effectively move things along rather nicely.
Super Bowl commercial shows @TDAmeritrade shilling #bitcoin futures pic.twitter.com/mVYjl7sUpW
— Whalepool (@whalepool) February 4, 2018
There is also some negative Bitcoin-related news. More specifically, AML Bitcoin claims their Super Bowl ad was rejected. It seems this claim is entirely false, according to Buzzfeed. Their “version” of Bitcoin focuses on AML and KYC compliance at the protocol level. AML Bitcoin’s team claims how both the NFL and NBC rejected their ad for being “too political”. However, NBC never rejected the ad because it was never even submitted to the company in the first place. It is evident this is a grab for attention by AML Bitcoin. So far, it has backfired in many different ways.
It is evident the Super Bowl attracts a lot of attention. This is also true in the world of Bitcoin and other cryptocurrencies. Making false claims regarding ads being rejected is clearly not the way to move forward. The TD Ameritrade ad, on the other hand, is rather intriguing.Whether or not any of this will have an impact on the Bitcoin price, remains to be seen. The world’s leading cryptocurrency will need all the help it can get right now. So far, the year 2018 has been off to a very bad start. As is usually the case, however, things can still turn around.
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