Howdy fellow DailyCoiners,

Are you enjoying the summer, wherever you are?

With the next Bitcoin halving is fast approaching (April ‘24), the rest of this year will be interesting!🤔

For now, though, let’s dive into today’s news.

• ⚡️Coinbase Embraces Lightning

• 🔙 GameStop's Crypto Retreat

• 💰 Big Bet on Bitcoin

⚡️ Lightning Strikes Coinbase: CEO Confirms Integration Plans

Brian Armstrong, the co-founder of crypto titan Coinbase, recently announced plans to bolt the Lightning Network onto their platform, a move that demonstrates his unwavering support for Bitcoin. 

His comments put to rest some rumblings that Coinbase has been sidelining Bitcoin and its Lightning Network, a Layer-2 technology promising faster and cheaper transactions.

"We're exploring ways to best add Lightning. It's a puzzle, but a puzzle worth solving. I'm all in for payments to flourish in Bitcoin," Armstrong declared. 🧩

His stance sparked a dialogue with former Twitter CEO and Bitcoin enthusiast Jack Dorsey. 

While initially critical, Dorsey later expressed gratitude for Coinbase's Bitcoin evangelism and extended an olive branch for collaboration. 🕊️

Play nice, Jack…you’re both on team Web3!

Armstrong's commitment is akin to fanning the flames of Bitcoin's potential, solidifying its place as a legitimate medium of exchange.

🔌 GameStop Pulls Plug on Crypto Wallets Amid Regulatory Fears

Video game retailer GameStop, citing regulatory uncertainties, has announced its decision to withdraw support for its cryptocurrency wallets. 

This abrupt U-turn happens just a year after the company first introduced the service. 🚧

GameStop's crypto wallets, which served as digital vaults for cryptocurrencies and non-fungible tokens (NFTs), will be phased out by November 1, 2023. 👋

Initially, these wallets empowered users to manage digital assets and transact on GameStop's NFT marketplace.

"Given the regulatory ambiguity in the crypto landscape, GameStop is compelled to remove its iOS and Chrome Extension wallets," the company stated. 

US government, get your act together…you’re falling further behind!

This move comes against the backdrop of a stricter regulatory climate, with authorities such as the Securities and Exchange Commission tightening the noose around crypto-related ventures, adding yet another twist in the complex saga of cryptocurrencies.

The boomers in power are scared of losing their chokehold on the rest of us!

🤑 MicroStrategy Plans $750M Stock Sale, More Bitcoin in Sight

MicroStrategy, the esteemed corporate Bitcoin holder, plans to raise $750 million via a stock sale. 

The U.S.-based software company intends to use the sale's proceeds possibly to buy more Bitcoin. 🏦

Good old Micky S!

In an SEC filing, MicroStrategy disclosed its sales agreement with three companies—Cowen and Company, Canaccord Genuity, and Berenberg Capital—regarding its Class A common stock's sale. 

The proceeds could be utilized for general corporate purposes, including acquiring more Bitcoin or offsetting the firm's existing debt, according to CFO Andrew Kang.

Just in time for the halving (April ‘24) 👌

With 152,800 Bitcoin currently under its wing, worth roughly $4.5 billion, the Michael Saylor-led firm has demonstrated a firm commitment to Bitcoin, acquiring 12,333 additional units in the second quarter and another 467 in July.

This announcement sparked a nearly 2% surge in Bitcoin's price, a testament to the cryptocurrency's typically volatile behavior.

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