Nevada's Financial Authority has petitioned the court to move Prime Trust into receivership, amid concerns over the company's deteriorating financial condition and ability to fulfill client withdrawals.

https://www.btctimes.com/news/nevada-financial-regulator-urges-receivership-for-prime-trust

🔔NEW: Bitfinex launches peer-to-peer exchange in Argentina, Colombia and Venezuela 👀

“By offering a reliable and efficient platform for P2P token trading, we are empowering our customers to engage with the marketplace in a way that affords maximum convenience based on their needs and preferences."

- Paolo Androino, Bitfinex CTO

Bitcoin to 1M? Thoughs on this?

I think its very likely but not for the next 5 years.

🟠 NEW: MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per #bitcoin!

"As of 6/27/23 MicroStrategy
hodls 152,333 $BTC acquired for ~$4.52 billion at an average price of $29,668 per bitcoin. $MSTR"

- Michael Saylor

🇬🇪 JUST IN: Stablecoin issuer Tether and the Government of Georgia have partnered "to make Georgia a global powerhouse in #Bitcoin."

In the photo we can see Paolo Ardoino (CTO, Tether) and Irakli Nadareishvili (Deputy Minister of Economy and Sustainable Development) signing the MOU for the collaboration between Tether and the Government of Georgia to develop Blockchain, #Bitcoin and Peer-to-Peer Infrastructure.

🟠 JUST IN - Cathie Wood's ARK Invest amended their spot #Bitcoin  ETF application to be like BlackRock's filing 👀

Hoping a Trust won't be closed or co-opted by the government isn't exactly... trustless.

This is not what #Bitcoin was invented for.

It is the reason we say "not your keys, not your coins."

JUST IN: #Bitcoin-only app Coinbits is directly impacted by the Prime Trust implosion, causing many features to go offline.

They intend to move forward in the future with a focus on "self custody and independence."

🇺🇸 TODAY: North Carolina House to vote on bill directing treasury to study the process of buying and holding #Bitcoin "to hedge against inflation."

Stablecoin issuer Tether teams up with the Georgian Government to strengthen Bitcoin and P2P Infrastructure. This strategic partnership aims to foster innovation, uplift local startups, and position Georgia as a global leader 🇬🇪

https://www.btctimes.com/news/tether-partners-with-georgian-government-to-boost-bitcoin-and-p2p-infrastructure

🇺🇸 JUST IN: North Carolina House passes bill directing state treasury to study the process of buying and holding #Bitcoin.

The bill now goes to the Senate.

The North Carolina House advances legislation to research Bitcoin 🚀🚀

https://www.btctimes.com/news/north-carolina-house-moves-forward-with-legislation-to-research-bitcoin-and-virtual-currencies

People around the world are finding new ways to send, pay, and bank using #bitcoin by sending basic text messages on a $15 Nokia phone.

No internet required!

🇪🇺 NEW: The European Commissioner for Financial Stability makes the case for a Euro CBDC in Financial Times.

Says #Bitcoin is "volatile and, unlike a digital euro, is not backed by a central bank" and assures readers "that the digital euro is not a Big Brother project" 👀

This, except nothing ever gets destroyed.

🇸🇰 NEW: Slovakia to reduce #bitcoin  capital gains tax to 7% when held for at least 1 year 🔒

"Assuming a constant #Bitcoin  price of $30k, MicroStrategy buying $1.34B/year, and Tether buying $900M/year:

In 2023 the two entities absorb a combined 22.74% of annual supply.
In 2024, 32.11% of supply.
In 2025, 45.49% of supply.

There's not much Bitcoin left. Act accordingly."

- Samson Mow (@Excellion)

🇬🇧 JUST IN: UK passes bill into law recognizing #Bitcoin and crypto as regulated financial activity 👀

🟠 NEW: BREAKING: $4.5 trillion Fidelity officially refiles for spot #Bitcoin ETF 👀