Coinbase got hacked. Hackers are demanding $20M in Bitcoin from Coinbase, threatening to leak customer data. CEO Brian Armstrong says they won’t pay and are offering a $20M reward for info leading to the attackers’ arrest. COMPANY SAYS IT EXPECTS UP TO $400 MILLION HIT FROM CYBER ATTACK. What they Got? Names: Full names of affected users. Addresses: Physical or mailing addresses. Other Contact Details: Likely includes email addresses or phone numbers. Last Four Digits of Masked Social Security Numbers: Partial Social Security numbers, which could be used in combination with other data for identity theft. Masked Bank Account Numbers: Partial bank account details, potentially including bank identifiers. Identity Proofs: Documents or data used for identity verification, such as driver’s licenses or passports. Account Data: General account information, which could include transaction histories or account settings. What you can do to Protect Yourself? Check your account Expect a scammer call from a fake coinbase rep. Get a Yubikey KEEP NOTHING ON COINBASE Use White List Addresses Do not click any links.

GM. Great news on the tariffs front. Reduced to 30% on most China goods and 10% on the most USA goods. Markets are ripping. Negotiations are working.

It's hard for me to understand why Bitcoiners hate on Alt coins so much. Come on people, they are the gateway drug to Bitcoin.

GM. May your day be filled with abundance of all things wanted 🌹

The woman in India own more gold then the United States government owns.

Arizona Democratic Governor Hobbs vetoed the bill on Friday, so Arizona is out for now. Texas has seven active bills. North Carolina wants to invest up to 10% of its assets and is waiting for the full legislative vote. Alabama is under house review. New Hampshire passed the Senate committee to allow the treasury to invest in Bitcoin.

To get a very clear signal of what people are doing with their money in times of uncertainty like we are seeing today, looking at Bitcoin dominance and USTD and USDC dominance is helpful because Bitcoin is no longer the only place people are fleeing to anymore. They are also sitting in cash, on the sidelines in stablecoins. Right now we’re at ~72%. That means about 72% of all crypto is parked in either Bitcoin, USDT, or USDC. In the last cycle, this number peaked at 75%—right before the market flipped, and altcoins had their run. It will be interesting to watch what happens this time around. I have a feeling that things are going to be different.

₿TC supply The idea of a Bitcoin supply crunch is not so far fetched. With major treasury buyers entering the market, it’s easy to see. Roughly 46% of Bitcoin—about 9.2 million coins—hasn’t moved in over three years, and over 30% hasn’t budged in five years. Who’s to say this supply will ever hit the market? That leaves roughly 10 million coins that have been somewhat liquid in the past three years. After Saylor’s bold statement yesterday, he’s gunning to buy 440,000 BTC at current prices, pushing MicroStrategy’s holdings to 1 million BTC. BlackRock scooped up 600,000 coins in just 14 months. Then you’ve got corporate buyers, ETFs, the U.S. Federal Strategic Bitcoin Reserve, and even states jumping in.

Borrowing against your Bitcoin example: Here is a breakdown of the key elements of the Loan: Loan Amount (Borrowed): $97,000 (or 97,000.002736 USDC - which can be used to do anything include buy more BTC, Real Estate, Car... etc) Collateral: 2.20586409 BTC, valued at $194,027.20 at the time of the loan. Stored in Morpho, a decentralized lending protocol. Loan-to-Value (LTV) Ratio: Current LTV: 49.98% ($97,000 borrowed / $194,027.20 collateral). Liquidation LTV: 86%. If the LTV exceeds 86%, the collateral may be liquidated. THIS PART IS KEY!!! Interest Rate: 5.05% variable APR (Annual Percentage Rate), meaning the rate can change over time. This is very low compared to trad banks Loan Health: Currently marked as "Good," as the LTV is well below the liquidation threshold of 86%. Liquidation Price: $51,132 per BTC. If Bitcoin’s price drops to this level, the LTV will hit 86%, triggering liquidation of the collateral. This loan is very far away from liquidation, which is the most important point of this type of borrowing. Repayment Terms: Flexible repayment schedule ("pay back on my own schedule"). Options to make payments or borrow more are available. Tax Advantage: The loan is normally a non-taxable event, as borrowing against crypto typically doesn’t trigger a taxable sale (unlike selling BTC). Process: No credit check, only BTC collateral required. Funded immediately, taking just 5 minutes. Source: Invest Answers

Funny how things turn out. U.S. President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House in 2017.

The Nasdaq just ripped 8% higher in one minute from +300 on the day to +1300.

All markets ripping!