Bitcoin hulking at $71k, rules without rulers, Robinhood snags Bitstamp, rate cuts

Today’s Bitcoin news!

PRICE UPDATE:

Today Bitcoin is showing massive strength hovering around $71k plus or minus. Breakout watch is ongoing!

Halving progress 3%. #Bitcoin. POST: https://x.com/therationalroot/status/1798708679388344366

Halving progress 3%. #Bitcoin.

👀 💪🏽 #Bitcoin. POST: https://primal.net/e/note18e2uwl5ap4exn3nz98w576c7xl9py60uwrd2vwzz4tyfprjwya2qll83hw

👀 💪🏽 #Bitcoin.

ROBINHOOD TO ACQUIRE BITSTAMP:

Robinhood to Acquire Bitstamp in $200M Deal. Robinhood Markets Inc. will acquire the European cryptocurrency exchange Bitstamp Ltd. for $200 million as part of its strategy to expand beyond the US market. The deal is anticipated to close in the first half of 2025. ARTICLE: https://www.nobsbitcoin.com/robinhood-to-acquire-bitstamp/

Bitstamp was first sold for 50000BTC equivalent by the founders and now being sold for 3000BTC equivalent to RobinHood. The hardest challenge of a Bitcoin company is not only surviving or being profitable, but growing its equity value in BTC terms. Very few pull it off. POST: https://x.com/francispouliot_/status/1798713123337388111

We are now at . . . *checks notes* . . . the "then they buy you" stage. POST: https://primal.net/e/note1lsapng2wwudv8mrff444atatxrcay3mv72kr0asf7dtkdyq5p2gqct72tx

ETFs:

🚨 #Bitcoin ETF update June 5. Total Net Inflows +6867 BTC ($488m). 17 straight inflow days 🔥. POST: https://x.com/Julian__Fahrer/status/1798530349045325897

BEWARE:

Meme Coin Institutional Holdings Surged Since January, Led by DOGE, SHIB, PEPE. Institutional investors on crypto exchange Bybit increased meme coin allocations to a high of $300 million in April from $63 million at the start of the year. ARTICLE: https://www.coindesk.com/markets/2024/06/06/meme-coin-institutional-holdings-surged-since-january-led-by-doge-shib-pepe/

FIAT/GOVERNMENT NONSENSE:

JUST IN: Denmark cuts rates by 0.25% to 3.35% following rate cuts by Canada and the EU. 🇨🇦🇪🇺🇩🇰 Cut rates by 0.25%. 🇺🇸 FED is next… POST: https://x.com/RadarHits/status/1798774824032145421

Nigerian Banks Can Start Collecting Customers’ Social Media Handles for KYC Checks, High Court Rules. Tthe Lagos Federal High Court, presided over by Justice Dimgba, upheld a Central Bank of Nigeria (CBN) regulation requiring financial institutions to collect social media handles from customers as part of their Know Your Customer (KYC) procedures. ARTICLE: https://www.nobsbitcoin.com/nigerian-banks-to-collect-social-media-handles-for-kyc/

JUST IN: Twitter founder Jack Dorsey says we are being programmed and manipulated by algorithms and they are impacting our free will. Elon Musk says Jack is right. 🤔. POST: https://x.com/RadarHits/status/1798649764747317491

🇸🇻 Why is Bukele the only leader discussing this? “The problem with democracy is that the politicians have an incentive to give away the country’s treasury & go into debt. This destroys the structure of the government, but also destroys the structure of society.” ~ @nayibbukele.

POST: https://x.com/LukeMikic21/status/1798715470193057841
FULL INTERVIEW W/TUCKER: https://x.com/TuckerCarlson/status/1798520181112664531

✨ 11 years ago today, Ed Snowden used #Bitcoin to pay for servers that would help expose the US government's illegal mass surveillance of citizens. A courageous act by an American patriot. Buy Bitcoin. Free Snowden ✊. POST: https://x.com/pete_rizzo_/status/1798680340736704709