🟠 NEW: The Subreddit r/Bitcoin has reached 5 million members! 🙌

The #Bitcoin community is ranked within the top 1% of Reddit communities by size 👀

Bullish.

🚨 BREAKING: Coinbase sued by the SEC for alleged securities law violations 👀

Source: https://www.bloomberg.com/news/articles/2023-06-06/coinbase-sued-by-sec-for-breaking-us-securities-rules?srnd=cryptocurrencies-v2

Busy week at the SEC

💥 UPDATE: The SEC labels Ethereum as an example of a security!

"In the SEC complaint filed against Coinbase, it is alleged that Coinbase engaged in the unregistered offer and sale of securities through its staking program, with $ETH as one of those securities."

- Sam Callahan

Ethereum, a chain controlled by the Ethereum Foundation, the issuer of the pre-mined token Ether labeled as a security???

Who would have thought???

🙄

It always has been.

In case this wasn't clear

Okay this is the last one I promise

🟠 NEW: Despite severe drawdowns, #Bitcoin has outperformed every major asset class over longer time horizons - ARK Invest

🇺🇸 UPDATE: Ten US states take legal action against #Coinbase for violating securities laws.

• Illinois
• Vermont
• Alabama
• Kentucky
• California
• Maryland
• Wisconsin
• Washington
• New Jersey
• South Carolina

More to come, probably.

"We need to educate governments that Bitcoin is Bitcoin, and then there is everything else. These things, aside from Bitcoin, are securities."

- Samson Mow

"There are only three truly censorship resistant technologies at scale today: tor, #bitcoin, and nostr."

- Jack Dorsey

A stable diffusion user recently figured out how to turn QR codes into stunning images.

Sending and receiving #Bitcoin just get a whole lot more beautiful.

⏰ Tick tock next block

💥 BREAKING: SEC files for restraining order to freeze #Binance US assets 🤯

This is moving fast!

Or should I say, lightning fast 👀

🇵🇭 Over 400 merchants are now accepting #Bitcoin Lightning payments in the Philippines 🙌

Jack Mallers' rant in July 2021 is pretty accurate if you ask me 👀

The SEC has filed a lawsuit against Coinbase, accusing America’s largest crypto exchange of securities violations.

https://www.btctimes.com/news/sec-files-lawsuit-against-coinbase-alleging-securities-violations

"I believe this went totally unnoticed...but just a few days ago, we had the lowest epoch-over-epoch growth ever in #Bitcoin's history at 109.5%.

We still haven't gone below 100% EOE growth though which is pretty incredible! Maybe next epoch we will...but we'll see."

- Wicked