Crypto users keep hearing that America is becoming more crypto-friendly. But try moving serious money from Coinbase into a traditional bank account and see how friendly the system really feels. One of my clients transferred $1 million from Coinbase into a Citibank account. Citi rejected the transfer. Then they closed the entire account. Not a small account either. There was around $5 million sitting there. The bank mailed him a check for $5 million. Through the mail. - No discussion. - No warning. - No “let’s clear this up.” - Just goodbye. This is the part people miss about crypto debanking. Even if your activity is legal, banks may still treat crypto-related transfers as high risk. And if the compliance burden is too expensive, some banks would rather drop the customer than deal with the paperwork. So when politicians talk about ending debanking, that is a good start. But it does not solve the bigger issue. As long as crypto is treated like suspicious activity by default, crypto users are still not fully inside the financial system. They are tolerated. Until they become inconvenient. So here’s the question: If a bank can close your account for receiving money from Coinbase, do crypto users actually have financial freedom?

If you want to ride the jet, you’ve got to be prepared to pull the Gs. $MSTR

JUST IN: CZ says a crypto super cycle "Might be late..."

either Gary 1) lost his marbles 2) went on a crazy desperate engagement streak because he needs money/followers

Day 39. Uh oh. Looks like @garycardone is starting to lag behind @xmikemac. Gary the Plant, carrying the weight of IAM Infinite. Mike the Plant, fueled by Missing Pieces. The race to the top of the trellis is getting interesting. Maybe that’s how it always goes. One side trying to remember what it is. The other learning from what’s absent. Who takes it? I’m not making any predictions yet. @theyvonnesayers

The message w/ the two 🌱🌱 “Mike” & “Gary” is so clever yet profound. The seedlings don’t care if it’s a competition. They are just striving for growth towards the sun to be what they were meant to be. Nice! 👏☀️

Be careful Gary we need to have you back on the show one day.

🇺🇸 US SECRETARY OF WAR OPENLY REVEALS PLAN FOR US MILITARY TO GAIN A STRATEGIC ADVANTAGE IN #BITCOIN BTC IS NOW A MATTER OF NATIONAL SECURITY THIS CHANGES EVERYTHING 🚀

El Jetson ONE, un vehículo aéreo personal, cuesta 128.000 $. Puedes pilotarlo sin licencia tras un curso de solo 5 días. Reserva con 8.000 $. Lleva baterías de emergencia, paracaídas balístico y radar con aterrizaje automático. Velocidad máxima: 102 km/h.

META IS AN ABSOLUTE MESS INSIDE RIGHT NOW Wired just dropped an exclusive, and the details are wild. This week someone interrupted a livestreamed Meta meeting, open to thousands of employees, with an expletive-filled rant about "being the company's bitch." They told the presenters to find a specific Meta AI executive and "tell him that he's a piece of shit." A presenter covered their face with their hands. Employees in the chat called the start "spicy." Here is what's behind it. Meta's AI restructuring cut 8,000 jobs last month, 10% of the company. The same restructuring feeds a unit called Applied AI, where 6,500 engineers and product managers have been drafted in waves since April. There is no application process. You get selected, and your options are join or leave the company. Members call themselves "draftees." The new job: writing puzzles and coding problems to train Meta's AI models, two tasks a week. People hired to build apps for billions of users now assemble training data for hundreds of AI scientists. "It's literally the gulag," one employee told WIRED. "You have zero purpose in life all of a sudden, you barely interact with anyone, you just have these tasks every week." Another: "Most people find the work soul-crushing." At the same time, Meta started recording US employees' clicks and keystrokes to generate more AI training data. Over 1,600 employees signed a petition demanding it stop. The concession: employees can pause the tracking for up to 30 minutes. Zuckerberg's response came in an internal memo Friday: "We've made mistakes and will almost certainly make more." He repeated his promise of no more mass layoffs this year. His fixes: limits on the manager ratios Meta had deliberately pushed to 50-to-1 on some teams, bigger budgets for team events, a hackathon next month, and assigned desks by the end of the year. That same memo says Meta's north star is "to be the best place for the most talented people in the world to make an impact." The most talented people in the world are writing puzzles for a model and asking permission to pause the keystroke logger. META declined to comment.

Maybe Peter and @GaryCardone should have some Fosters and a few dozen chicken wings together and talk Bitcoin?

JUST IN: 🇺🇸 US government orders Anthropic to suspend foreign access to Mythos Fable 5 AI model, citing national security concerns. Anthropic has disabled access for all users worldwide.

Bitcoin double bottomed around $60,000 Early February and now early June I predict $100,000 BTC by end of the summer

JUST IN: 69% chance Bitcoin hits $50,000 before reaching $100,000

I bet that Aspen Real Estate, 71rst St, The 7th in Paris, Oceanfront Miami, Basquiat, Wharhol, Lichtenstein will all go up massively in a world of Trillion dollar IPOs, and robots. But probably BTC will eclipse them all.

Rumors are circulating a lot of people sold Bitcoin at the bottom to buy the SpaceX IPO. This will not age well.

JUST IN: SpaceX is now worth more than Canada