Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. CZ Suggests Coinbase Hit Job: CZ reposted a tweet implying Coinbase was behind a Bloomberg article attacking Binance and Trump’s World Liberty Financial project.

2. Saylor Resumes Bitcoin Buying: Michael Saylor confirmed Strategy has resumed Bitcoin accumulation after a brief pause, adding to its 597,325 BTC holdings worth over $70.9B.

3. France Probes X for Interference: French prosecutors have launched a criminal probe into X, investigating claims of algorithmic manipulation for political bias favoring Elon Musk.

4. 💡Feature of the Day - Bitcoin Blasts Past $119K: Bitcoin hit a record high of $119K, triggering over $20M in short liquidations in one hour.

   
   All this and more in today’s headlines!

📰 News Highlights:

CZ Hints Coinbase Involvement [Source][Source][Source]

Binance founder Changpeng “CZ” Zhao reposted a tweet suggesting Coinbase was the anonymous source behind a Bloomberg article targeting Binance and Trump’s crypto project, World Liberty Financial.

The tweet claimed Coinbase executives were worried that a potential pardon for CZ and Binance’s U.S. return would hurt their market share.

The post further accused Coinbase of trying to undermine Trump to damage Binance, calling the move “anti-American.”

CZ did not confirm or deny the claim but described Bloomberg’s report as a “hit piece” filled with errors and hinted at possible legal action.

Coinbase’s chief legal officer Paul Grewal strongly denied the allegations, calling the claims “pure misinformation” and emphasizing that Coinbase doesn’t attack competitors.

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Saylor Signals Bitcoin Buy [Source][Source]

Strategy co-founder Michael Saylor announced the company would resume buying Bitcoin after a brief pause.

The firm had recently raised $4.2 billion and skipped one week of purchases, breaking a 12-week accumulation streak.

Prior to the pause, Strategy bought 4,980 BTC for $532 million on June 30, bringing total holdings to 597,325 BTC—worth over $70.9 billion.

France Investigates X Algorithm [Source][Source]

French prosecutors have launched a criminal investigation into X (formerly Twitter), accusing it of using algorithmic manipulation for foreign interference.

Initiated by two official reports—including one from MP Éric Bothorel—the probe targets whether X’s algorithm unfairly biases content in favor of Elon Musk’s political views.

French authorities suspect data was fraudulently extracted and algorithms manipulated in an organized effort to influence users.

The case is being handled by France’s J3 cybercrime unit.

💡 Feature of the Day: 

Bitcoin Hits $119K [Source][Source][Source][Source]

Bitcoin surged past $119,000, reaching a new all-time high and extending a seven-week uptrend.

The rally resulted in over $20 million in short liquidations in a single hour, as traders scrambled to cover positions.

Analysts noted strong momentum, with $115K acting as a support zone and $120K seen as the next major resistance.

If Bitcoin breaks above that level, projections range between $135K and $140K in the near term.

Traders are optimistic, comparing the breakout to late 2024’s 50% rally.

😂 Crypto Meme of the Day: 

Meme of the day provided by @Blockfolio

And that’s it for this today.

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com