Bitcoin Bolt

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@TheHarmonX You forgot the part about how they knew this might lead to a class action lawsuit: x.com/molly0xFFF/sta…

Full Credits Below: • Seytonic: youtu.be/Vg8ge-514xM • Bloomberg Technology: youtu.be/E_iDxyPI4OE • Brian Armstrong: tinyurl.com/2s46f32r

Coinbase just lost $400M in the most embarrassing way possible: Their own employees sold out customer data to hackers. CEO Brian Armstrong had 2 choices: pay the $20M ransom or fight back. His response in the next 24 hours shocked the entire industry. Here's the wild story:

In April, Coinbase announced changes to its user agreement that added two clauses limiting class action lawsuits and requiring lawsuits to be filed in New York. The changes apply to disputes initiated after May 15. On May 14, Coinbase disclosed a data breach.

> re: “Recent hack” So remember how you had to tweet and make a fuss about your account bc support was so shit? It’s bc their support was on the skiddies payroll and since they weren’t stealing your money your ticket and account just wasn’t on their radar. So you didn’t get helped. Or “helped” rather. 😬 The support team in question has been ~same since Jan 11 2025 which is when they fired 300+ for stealing and moved the office from one side of India to the other. Add’l firings happened in mid March and mid April in this new office (unclear why folks were fired for these but lol) However the skids had guys on payroll both prior to January and after January with some very minor disturbances in data flow during this period of time. Now, did Conbase exec’s know about it and cover it up? Well, they fired 300+ in January for stealing. They were called out, publicly, by Zach, again, in April 2025 for not disclosing a data breach involving insiders. And they have been yelled at by me and countless others nearly every weekend for months now. Their sr director of investigations blocked me in Dec for telling him that he was being insane for not taking this seriously. Rip. So yeah it’s going to be fantasticly interesting to see how they claim they “didn’t know” about jackshit until “May 11.” I think it’s more likely they claim it wasn’t a “material” data breach that needed to be disclosed. You’ll have to wait another day for the Ari story but my hatred of Coinbase and their deep incompetence, arrogance, and complete disregard for victims and users stems from that situation. That situation also went on to rekt a huge amt of current and former Coinbase employees. It’s deeply fucked. Pictures totally unrelated.

And that’s a wrap folks. Buy everything!

Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve. The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime. It is estimated that the U.S. government owns about 200,000 bitcoin; however, there has never been a complete audit. The E.O. directs a full accounting of the federal government’s digital asset holdings. The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called “digital gold.” Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion in lost value. Now the federal government will have a strategy to maximize the value of its holdings. The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers. IN ADDITION, the Executive Order establishes a U.S. Digital Asset Stockpile, consisting of digital assets other than bitcoin forfeited in criminal or civil proceedings. The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings. The purpose of the Stockpile is responsible stewardship of the government’s digital assets under the Treasury Department. PROMISES MADE, PROMISES KEPT President Trump promised to create a Strategic Bitcoin Reserve and Digital Asset Stockpile. Those promises have been kept. This Executive Order underscores President Trump’s commitment to making the U.S. the “crypto capital of the world.” I want to thank the President for his leadership and vision in supporting this cutting-edge technology and for his rapid execution in supporting the digital asset industry. His administration is truly moving at “tech speed.” I also want to thank the President’s Working Group on Digital Asset Markets — especially Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick — for their help and support in getting this done. Finally Bo Hines played a critical role as Executive Director of our Working Group.

@Crypt0mer @DrJillStein What interests you about Stein?

Trump lost me entirely. He's not the '16 Trump anymore. His God is money, and he is loyal to not America, but whoever pays him. Sad... Won't be voting for the psycho c*nt either. 0 chance. Looking into @DrJillStein. 👀

JUST IN: $1.3 trillion asset manager Morgan Stanley advisors to offer spot #Bitcoin ETFs to clients starting today.

BREAKING: Democrat politicians have written a letter to the DNC, asking the party to pivot away from the anti-bitcoin policies of Elizabeth Warren. This is likely in response to polling data, the GOP pro-bitcoin policies, and President Trump speaking at @TheBitcoinConf

this how yall sound

A walk down memory lane for all you bag holders who think Trump cares about you: nytimes.com/interactive/20…

Some recent tweets from the founder and CEO of a prominent cryptocurrency company.

Over the last few days: - Soft inflation print - ETH ETF S-1 filings - CFTC says 70-80% of crypto assets are non-securities - Goldman to launch 3 tokenization projects by EOY - JPMorgan bullish on crypto in August - Trump to speak at Bitcoin conference Vibes shifting

$10 million per #Bitcoin price prediction from Hal Finney in January of 2009.

All spot eth ETF S-1 amendments are now IN… Bitwise, Fidelity, 21Shares, Grayscale, Franklin, VanEck, iShares, & Invesco. Known fees so far are Franklin (0.19%) & VanEck (0.20%). Now we wait for SEC.

Damning how the EU is trying to quietly pass a bill TOMORROW that would mandate all private communications can be monitored under the pretext of child safety. This would mean forcing backdoors into eg WhatsApp, Signal: or banning those services. Nuts that it is even considered.

The only ones going rekt right now are those lvrg traders. Spot and chill. The next few months will be wild going into the US presidental elections 🚀 #btc

@yanivgraph Show us the human rights groups who don’t call it a genocide, Yaniv?

300,000 Civilians were killed in Iraq 200,000 Civilians were killed in Syria So why are they calling Gaza Genocide with 16,000 civilian deaths? Because they’re using Repetition of Lies to wage an ideological battle - the communist playbook.

BOOM!! APPROVED! There it is. The SEC just approved spot #Ethereum ETFs. What a turn of events. It's really happening. h/t @PhoenixTrades_