According to @cas_abbe, BitMEX is running a trading competition this month with leaderboards based on ROI%, PnL%, and trading volume, giving both smaller and high-volume traders paths to rank, source: https://twitter.com/cas_abbe/status/1966200406725538269; source: https://www.bitmex.com/app/competition/alpha-showdown. Top prizes total 3 BTC split across these categories, with additional rewards including an iPhone 17 Pro Max, a Tudor watch, and champagne, source: https://twitter.com/cas_abbe/status/1966200406725538269; source: https://www.bitmex.com/app/competition/alpha-showdown; source: https://x.com/BitMEX/status/1966065152970866882. First-time users have access to a separate $10,000 prize pool, with full eligibility and rules on the official BitMEX competition page, source: https://twitter.com/cas_abbe/status/1966200406725538269; source: https://www.bitmex.com/app/competition/alpha-showdown.

According to Coins.ph on Twitter, Bitcoin (BTC) reaching the $110,000 milestone has triggered the launch of the Bitcoin Moonshot Challenge on their platform, aligning ₱110,000 in rewards with the new price high. Traders who rank among the top 25 in BTC trading volume on Coins.ph and meet the minimum trading threshold of ₱10,000 during the contest period are eligible for significant prizes. This initiative is likely to drive increased BTC trading volume and volatility on the exchange, which may impact short-term liquidity and price action for local and regional crypto markets. Source: Coins.ph (@coinsph) on Twitter, May 22, 2025.