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Bitcoin Message From Michael Saylor After Ethereum ETF Approval: 'Bitcoin Will Be Crushed!' MicroStrategy founder Michael Saylor issued a strong message to the Bitcoin community following the Ethereum ETF approval. MicroStrategy's founder and leading Bitcoin advocate, Michael Saylor, has issued a strong message to the Bitcoin community in response to the U.S. Securities and Exchange Commission (SEC)'s recent approval of spot Ethereum exchange-traded funds (ETFs). Michael Saylor Posts “Bitcoin Godzilla” Message Following Ethereum ETF Approval Saylor, a well-known long-term Bitcoin bull, shared his unwavering belief in Bitcoin's dominance on 'X'. His message, dubbed “Bitcoin Godzilla,” suggested that Bitcoin will continue to outperform Ethereum and other cryptocurrencies in the market. In a characteristically bold move, #Saylor said, “When Godzilla comes, all your models are gone. #Bitcoin,” he wrote and shared an image of the famous movie monster Godzilla wreaking havoc. The image also featured a small #BTC mascot in the bottom right corner, symbolizing the immense power and market influence that Bitcoin enthusiasts like Saylor expect the cryptocurrency to have. Supporting Saylor's views, Jan3 CEO and another staunch Bitcoin maximalist, Samson Mow, responded negatively to the Ethereum ETF approval. “The odds of Spot Ethereum ETFs being approved were always 50/50,” Mow said, suggesting that the SEC approving #Ethereum ETFs was almost inevitable due to regulatory pressures. Mow reiterated his bearish stance on Ethereum, emphasizing that the #ETF approval does not change his negative outlook on the cryptocurrency. Earlier this week, Mow reinforced his position by tweeting that this was the last opportunity to sell ETH above 0.05 BTC. $BTC $ETH

Bitcoin Message From Michael Saylor After Ethereum ETF Approval: 'Bitcoin Will Be Crushed!'

MicroStrategy founder Michael Saylor issued a strong message to the Bitcoin community following the Ethereum ETF approval.

MicroStrategy's founder and leading Bitcoin advocate, Michael Saylor, has issued a strong message to the Bitcoin community in response to the U.S. Securities and Exchange Commission (SEC)'s recent approval of spot Ethereum exchange-traded funds (ETFs).

Michael Saylor Posts “Bitcoin Godzilla” Message Following Ethereum ETF Approval

Saylor, a well-known long-term Bitcoin bull, shared his unwavering belief in Bitcoin's dominance on 'X'.

His message, dubbed “Bitcoin Godzilla,” suggested that Bitcoin will continue to outperform Ethereum and other cryptocurrencies in the market.

In a characteristically bold move, #Saylor said, “When Godzilla comes, all your models are gone. #Bitcoin,” he wrote and shared an image of the famous movie monster Godzilla wreaking havoc.

The image also featured a small #BTC mascot in the bottom right corner, symbolizing the immense power and market influence that Bitcoin enthusiasts like Saylor expect the cryptocurrency to have.

Supporting Saylor's views, Jan3 CEO and another staunch Bitcoin maximalist, Samson Mow, responded negatively to the Ethereum ETF approval.

“The odds of Spot Ethereum ETFs being approved were always 50/50,” Mow said, suggesting that the SEC approving #Ethereum ETFs was almost inevitable due to regulatory pressures.

Mow reiterated his bearish stance on Ethereum, emphasizing that the #ETF approval does not change his negative outlook on the cryptocurrency.

Earlier this week, Mow reinforced his position by tweeting that this was the last opportunity to sell ETH above 0.05 BTC.

$BTC $ETH

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Hacking crisis in the Japanese crypto exchange: Users be alert! Japanese crypto exchange DMM #Bitcoin , which was recently hacked for $320 million worth of Bitcoin (BTC), plans to raise 50 billion yen ($320 million) to compensate users for their losses. In a statement regarding the investigation, DMM Bitcoin assured users of minimizing market impact with planned purchases. The company also announced that an investigation is ongoing following an “unauthorized exit” equivalent to 4,503 BTC on May 31. DMM Bitcoin apologized for the situation and its impact on its customers and stated that it would continue to investigate the cause of the unauthorized exit. The company also stated that it will immediately inform the public as new details emerge. Securing funds DMM Bitcoin borrowed five billion yen ($32 million) on June 3 as part of efforts to finance compensation needed to repay customers. An additional capital increase of 48 billion yen ($308 million) is planned for June 7, and an additional capital increase of 2 billion yen ($12.8 million) is planned for June 10 through subordinated debt financing. This financial support and recovery fund accumulation comes from DMMcom and will provide the necessary funds to guarantee customers' BTC. The DMM Bitcoin incident was recorded as the eighth largest cryptocurrency hacking attack in history. While DMM Bitcoin is working on the incident, the anxious wait among exchange users continues. Moreover, in this period when the crypto market is positive, DMM Bitcoin's hack has become a news item in Japan. $BTC $ETH
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