CZ shares rumors linking Coinbase to Bloomberg’s Trump stablecoin report

Bitcoin’s price surge to $118,000 triggered a massive liquidation of short positions, wiping out over $1 billion in bets against the crypto. Meanwhile, a Canadian woman is taking legal action after falling victim to a sim-swap scam, highlighting growing security concerns in the digital asset space. The week also brought other notable crypto developments, though the spotlight stayed on BTC’s rally and its ripple effects.

Editor’s Note: Bitcoin’s sharp rally isn’t just making headlines—it’s shaking up the market by crushing pessimistic traders who bet against it. The sim-swap lawsuit, on the other hand, serves as a reminder that crypto’s wild west days aren’t entirely behind us, with scams still causing real harm. Together, these stories show the highs (and lows) of an industry that’s equal parts thrilling and risky.

Bitcoin just smashed through another record, soaring past $119,000 for the first time ever. Traders are buzzing because this rally mirrors a pattern from late 2024—back then, it led to a 50% price surge. Meanwhile, those betting against Bitcoin (short sellers) are getting squeezed hard.

Editor’s Note: This isn’t just another price jump—it’s a psychological milestone for crypto markets. If history repeats, we could see even bigger gains ahead, but it also highlights how brutal Bitcoin can be for skeptics. Whether you’re a hodler or just watching, this volatility is a reminder: crypto moves fast, and fortunes can flip overnight.

Bitcoin’s latest price surge has catapulted its mysterious creator, Satoshi Nakamoto, into the ranks of the world’s ultra-rich—at least on paper. The anonymous figure, who reportedly holds 1.1 million unspent Bitcoin, would be worth around $130 billion if those coins were cashed out, landing them in 11th place on the global wealth ladder. Of course, since Nakamoto’s identity (and intentions) remain unknown, this is more of a thought experiment than a real-world fortune. Meanwhile, in a quirky side note, the meme coin Shiba Inu is making waves by covering a $5,000 dental bill—because crypto never stops being weird.

Editor’s Note: This story highlights how Bitcoin’s wild price swings aren’t just about traders or institutional investors—they’re reshaping hypothetical wealth rankings, too. Nakamoto’s "fortune" is a reminder of crypto’s early days and how much value has been created (or speculated) since. But it’s also a bit of a tease: those coins may never move, making this more of a fun "what if" than a financial reality. The Shiba Inu anecdote, meanwhile, shows how crypto culture keeps blurring the lines between jokes, investments, and real-world use cases—for better or worse.

HBAR, the cryptocurrency powering Hedera Hashgraph, is on a hot streak—six straight days of gains, hitting highs not seen since early May. The rally comes as Hedera’s DeFi network shows signs of growth, and the broader crypto market heats up. Some analysts are even eyeing a potential 45% surge if momentum holds.

Editor’s Note: For crypto watchers, this isn’t just another price bump—it’s a sign Hedera’s ecosystem might be gaining real traction. If DeFi activity keeps climbing, HBAR could carve out a bigger niche in a crowded market. Worth keeping an eye on, especially if you’re into altcoins with actual utility.

Bitcoin’s price just smashed through $119,000, riding what looks like an unstoppable bull run. The surge is being compared to a rocket ship—fast, fiery, and leaving skeptics in the dust. Investors are buzzing as the crypto market heats up, with no signs of slowing down yet.

Editor’s Note: This isn’t just another price jump—it’s a major milestone that could signal even bigger gains ahead. Whether you’re a crypto enthusiast or just watching from the sidelines, this kind of movement shakes up the financial world. It could mean more mainstream adoption, fresh investor interest, or even a reality check if volatility strikes back. Either way, Bitcoin’s back in the spotlight.