⚠️ Another hack and scammers

50 Cent reported the hacking of his social media page X and his own website.

❌ The perpetrators leveraged his massive audience of 12.9 million followers to promote a fake meme token called GUNIT on Solana.

👀 The rapper stated that the scammers managed to raise $3 million within 30 minutes before control over the social media platform was regained.

📊🕯 If we compare the adoption level of Bitcoin to the history of internet development (a very apt comparison due to the network effect), we are currently at roughly the 1999 stage (i.e., even before the dot-com bubble).

❓ For all the "latecomers" to ponder.

💵 "All for a Dollar" Now in Crypto

Tether and Uquid have launched the online store 1USDT.Store to showcase the possibilities of using the USDT stablecoin in everyday transactions.

✔️The store will feature a wide range of products, from digital items like mobile top-ups and gift cards to physical products tailored for various markets.

And all of them will be priced at less than 1 US dollar.

⭐️ This collaboration reaffirms Tether's goal to promote the digital use of fiat currencies, aiming to enhance financial freedom and access for underserved populations.

👀 Besides the "Solana" tattoo on his forehead, Lill Pump also added the word "Solana" on the roof of his car, as well as the Phantom wallet symbol on its hood.

📎Start a new day with a new book!

The book was just released on June 16. Author Roger Huang delves into the intersection of Bitcoin history and China.

💬 The book examines how China will influence the price of Bitcoin, your freedoms, and your wallet.

❓ How is China promoting the digital yuan and central bank digital currencies? As surveillance technologies confront open-source freedom technologies, who will prevail?

💸Roger Huang is a regular contributor to cryptocurrency articles on Forbes, so his expertise can be trusted.

⚠️Cryptopayments May Be Declared Illegal in the UAE

An exception will be made for licensed stablecoins backed by the dirham.

⛔️ At a meeting on June 5, the Board of Directors of the Central Bank of the United Arab Emirates approved the issuance of payment token service rules for the oversight and licensing of stablecoins.

✔️ The new regulations stipulate that payment tokens in the country must be backed by UAE dirhams and cannot be pegged to other currencies.

This shift in policy may signal a less favorable environment for the crypto industry, which clearly won't benefit the UAE's image.

🇧🇴 Another Country Recognizes Crypto

Bolivia lifts the ban on payments in BTC and other cryptocurrencies and officially recognizes crypto as a legitimate tool for banks and other financial institutions.

The ban was introduced in December 2020.

⛔️ However, the Central Bank of Bolivia reminded citizens that cryptocurrencies are not considered legal tender.

✔️ This does not restrict the use of digital assets but does not oblige service providers and sellers to accept cryptocurrencies. Everything is on a voluntary basis.

🔝 Bybit Card can now be added to Apple Pay

In April of this year, Bybit launched its debit card, Bybit Card, in partnership with Mastercard.

💸💵 The product is a physical card that supports both fiat currencies and cryptocurrencies.

✔️The integration with Apple Pay not only enhances the functionality of Bybit Card but also simplifies the payment process for users, allowing them to make purchases in stores, conduct online transactions, and withdraw cash from ATMs.

💸This chart shows the number of addresses holding more than 1 Bitcoin.

🔼Currently, there are 1,010,777 addresses worldwide holding at least 1 full BTC.

😐 Worldcoin, a project for digital identity, plans to launch World ID on Solana.

Finally identifying all the hamsters and scammers on Solana 😂

👑 Vitalik Buterin Criticizes Current Regulation of Digital Assets

Here are the main points:

➡️According to Buterin, strict regulatory policies have cornered honest developers.

➡️Unfortunately, projects with vague promises of potential returns fail to attract the regulator's interest, while honest and transparent projects immediately face pressure and are classified as "securities."

➡️Vitalik called this "anarcho-tyranny," where acting honestly becomes risky. Against the backdrop of such policies, less and less honest projects infiltrate the industry.

➡️The founder of ETH believes that regulators should pay more attention to projects without a clear long-term strategy than to those that provide clear justification of their economic value.

💵Meanwhile, Arkham analysts have valued Vitalik Buterin's crypto assets at $830,000,000.

He marches steadily towards his goals)

💸Children are using Bitcoin to pay for snacks in El Salvador.

It's that simple — crypto technologies are already being used across different corners of the planet!

🔼 Over the last 12 months, the number of cryptocurrency ATMs installed worldwide has increased by 17.8%, reaching 38,279.

🔝 The record of 39,541 operational crypto ATMs was reported in December 2022.

🧡Remember the Bitcoin hero from 2013 who celebrated Bitcoin's ATH at $111? He’s been found!

The main question for him is, "Did he hodl Bitcoin all this time?"

And here’s the answer:

"Of course! What kind of question is that?! Of course, I hodled, bought more, and hodled again! I hodled every day! And it was the best financial decision of my life!"

💚 Purchasing with Crypto in a Regular Store

You can pay with cryptocurrency even in places that don't accept crypto payments.

✅ Payment services can help you with this. For example, through the Oobit app or similar programs.

💵Here's an example of such a purchase in one of the ZARA stores, where the cashier said that the purchase could not be paid with crypto and needed to be made with a regular credit card.

However, the payment in USDT was successfully processed.