Today's Top Crypto Headlines:

Strategy Buys More BTC | Nobitex Hack Recovery | $541M Crypto Scam Busted | Lummis' Crypto Tax Reform and more...

King Fatrick Gil Añasco
July 01, 2025

In partnership with

Good Morning Crypto Enthusiasts!

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

Strategy Buys More Bitcoin: Michael Saylor’s firm Strategy bought 4,980 BTC for $531M at $106K per coin, bringing its total holdings to 597,325 BTC worth $42.4B.
Nobitex Hack Recovery Begins: Iranian exchange Nobitex is gradually restoring services after a $100M hack by pro-Israel group Gonjeshke Darande. Verified users can now withdraw funds; trading will resume in phases.
$541M Crypto Scam Busted: Spanish and EU authorities arrested five people for running a $541M crypto fraud targeting over 5,000 victims.
💡Feature of the Day - Lummis Pushes Crypto Tax Reform: Senator Cynthia Lummis proposes crypto tax reforms in a Senate reconciliation bill, arguing current laws unfairly double-tax miners and stakers.

All this and more in today’s headlines!

Get Matched With the Best HRIS/ATS Software, for Free!

Researching HR systems shouldn’t feel like a second job.

The old way meant hours of demos, irrelevant product suggestions, getting bombarded with cold emails and sales calls.

But there’s a better way.

With SelectSoftware Reviews, spend 15 minutes with an HR software expert and get 2–3 vendor recommendations tailored to your unique needs—no sales pitches, no demos.

SSR’s free HR software matching service helps you cut through the noise and focus only on solutions that truly fit your team’s needs. No guesswork. No fluff. Just insights from real HR experts.

Why HR teams trust SSR:

✅ 100% free service with no sales pressure
✅ 2–3 tailored recommendations from 1,000+ vetted options
✅ Rated 4.9/5 by HR teams and trusted by 15,000+ companies

Skip the old way—find your right HRIS/ATS in a new way, for free!

Get Your Free HR Software Matches

📰 News Highlights:

Strategy Buys More BTC [Source][Source][Source][Source][Source]

Michael Saylor’s company, Strategy, has continued its aggressive Bitcoin accumulation, buying 4,980 BTC for $531 million at an average price of $106,801.

MicroStrategy(@Strategy) bought another 4,980 $BTC($532M) at an average price of $106,801 last week.
#Strategy currently holds 597,325 $BTC($64.35B), with an average buying price of $70,982 and an unrealized profit of $21.95B.
strategy.com/press/strategy…
— Lookonchain (@lookonchain)
12:10 PM • Jun 30, 2025

This brings the firm’s total Bitcoin holdings to 597,325 BTC, acquired at an average of $70,982 per coin, totaling $42.4 billion.

When I first decided to get irresponsibly long Bitcoin.
— Michael Saylor (@saylor)
7:43 AM • Jun 30, 2025

The move aligns with Saylor’s long-term strategy, reaffirming his “irresponsibly long” stance toward Bitcoin since 2020.

Strategy has acquired 4,980 BTC for ~$531.9 million at ~$106,801 per bitcoin and has achieved BTC Yield of 19.7% YTD 2025. As of 6/29/2025, we hodl 597,325 $BTC acquired for ~$42.40 billion at ~$70,982 per bitcoin. $MSTR $STRK $STRF $STRD strategy.com/press/strategy…
— Michael Saylor (@saylor)
12:03 PM • Jun 30, 2025

Strategy’s BTC yield is nearing its 25% annual target, with year-to-date gains reaching $9.5 billion.

MicroStrategy(@Strategy) transferred 7,383 $BTC($796M) to 3 new wallets 11 hours ago—likely for improved custody.
Historically, Strategy only sold 704 $BTC($11.81M) at $16,776 on Dec 22, 2022, and soon bought back 810 $BTC($13.64M) at $16,845 on Dec 24, 2022.
Aside from that,
— Lookonchain (@lookonchain)
3:29 AM • Jun 30, 2025

Blockchain analysts also spotted Strategy transferring 7,383 BTC to new wallets, likely to improve custody.

🎁Freebie:

Download your free ebook now and take the first step toward mastering CRYPTO IN UNDER 60 MINS!

Download Now!

Nobitex Hack Fallout [Source][Source][Source]

Iranian crypto exchange Nobitex, which was hacked for $100 million by pro-Israel hacker group Gonjeshke Darande, is slowly restoring services.

Follow- up on Nobitex Security Incident, Step-by-step wallet access has begun, 29 June 2025
Please note:
1. This process is being carried out gradually, starting with verified users and initially for spot wallets, followed by other types of wallets.
2. The identity
— Nobitex | نوبیتکس (@nobitexmarket)
7:20 AM • Jun 29, 2025

Verified users can now access withdrawal features starting June 30, with trading and deposits set to return gradually.

Nobitex warned users not to use old wallet addresses due to a system migration that may result in fund losses.

$541M Crypto Scam [Source][Source][Source]

Spanish and European authorities arrested five individuals linked to a massive crypto fraud operation that defrauded over 5,000 people out of $541 million.

Europol, in coordination with the U.S., France, and Estonia, dismantled the network operating across Madrid and the Canary Islands.

🔎 Watch the operation unfold as the Spanish Guardia Civil, with the support of Europol and police from Estonia, France, and the US, dismantle a criminal network engaged in cryptocurrency investment fraud.
Read more about the operation here ⤵️
europol.europa.eu/media-press/ne…
— Europol (@Europol)
9:00 AM • Jun 30, 2025

The suspects used international associates and shell companies to process stolen funds via bank and crypto transfers.

💡 Feature of the Day:

Lummis Pushes Tax Reform [Source][Source][Source][Source]

Senator Cynthia Lummis is leading efforts to fix what she calls “unfair tax treatment” of crypto within a major reconciliation bill.

For years, miners and stakers have been taxed TWICE. Once when they receive block rewards, and again when they sell it.
It’s time to stop this unfair tax treatment and ensure America is the world’s Bitcoin and Crypto Superpower. 🇺🇸
— Senator Cynthia Lummis (@SenLummis)
5:01 PM • Jun 30, 2025

She argues that miners and stakers are being taxed twice — once upon earning rewards and again when selling.

🚨Today the Senate votes on Big Beautiful Bill. @SenLummis has an amendment that would unlock huge growth for US crypto (de minimis, staking/mining tax timing, mark to market etc)
Call Sen Finance Chair @MikeCrapo 202 224-6142 & @LeaderJohnThune 202-224-2321 w/ your support!
— Alexander Grieve (@AlexanderGrieve)
3:34 PM • Jun 30, 2025

Her amendment proposes a $300 de minimis threshold and clarifies tax timing to reflect actual economic benefit, aiming to prevent taxation before assets are sold.

Congress is drafting the Senate reconciliation bill now, and a narrowly tailored Bitcoin de minimis tax exemption hangs in the balance. Please take five minutes today to call or email your elected officials—especially Senator Mike Crapo (R-ID), the leading Republican on the
— Matthew Pines (@matthew_pines)
3:37 PM • Jun 30, 2025

Crypto advocacy groups have rallied behind Lummis’ push, urging citizens to contact lawmakers like Senate Finance Committee member Mike Crapo.

Fair tax treatment for staking is critical for US crypto leadership. Congress can unlock domestic growth & create jobs with common-sense staking tax clarifications.
@MikeCrapo, please include this provision in the OBBB.
Thanks @SenLummis for driving a sensible update on this
— Kristin Smith (@KMSmithDC)
4:33 PM • Jun 30, 2025

😂 Crypto Meme of the Day:

Meme of the day provided by @dirtyvagabond

And that’s it for this today.

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com