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From Wall Street to Wrench Attacks: Bitcoin Goes Mainstream (and Dangerous) | The Weekly for Jun 2
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Major security breach continues to shake Coinbase 🇺🇸! New report reveals the crypto giant knew about a data leak some four months before hackers demanded $20M, exposing sensitive user info. 🚨📉 The breach, linked to TaskUs employees in India, raises concerns as wealthy crypto holders face rising criminal threats. How should crypto exchanges improve security? Let’s discuss!
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🕹️ Justin Waldron breaks it down for BTCTN’s @_dsencil and explains how token-curated ecosystems (like $PEPE games) can solve distribution issues. "There’s only so much shelf space, but there’s no gatekeeping in crypto," says @jtwald. Jump into the cli
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🚨🧨 Trump-branded crypto wallet causes stir as Donald Jr. and Eric deny any ties to the project. • Trump Org says it’s not involved. • $1M TRUMP token prize promoted, could be fake news. • Official wallet reportedly coming soon via World Liberty Financial.
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Bitcoin climbs as stocks and crypto rally together 🚀 —BTC climbed past $106K earlier today as both crypto and stock markets saw positive gains. —Job openings rose to 7.4 million in April, boosting economic optimism. —Interestingly, bitcoin’s correlation with the S&P 500 is only at 54%, according to Newhedge. Will the rally hold or is caution still needed? 🤔
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Meliuz, a Brazilian cashback company, is making waves as the first in Latam to establish a bitcoin strategic reserve! 🇧🇷✨ They plan to purchase nearly $80 million more in bitcoin through a public share offering, with BTG Pactual backing the sale. This fundraising will test demand for Meliuz's new bitcoin agenda, as they can cancel if interest is low. What do you think about this bold move? Share your thoughts!
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