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CashNews: Heist, MicroStrategy and Crypto Trouble in Nashville

CashNews: Heist, MicroStrategy and Crypto Trouble in Nashville

Alright, squad, let’s spill some crypto tea! πŸš€πŸ΅


1️⃣ Crypto Heist Update: So this phisher, right? He straight up nabbed a whopping $24.24 mil in tokens! Now, our little birdie PeckShieldAlert is saying dude’s shifted 701 ETH (around $1.15 mil) to Tornado Cash. The bad news? He’s still flexing crypto worth $22.7 mil, including a fat stash of 13,100 ETH and 1.1 mil DAI. Remember that big whale with the address starting 0x13e? RIP to their 4,851 rETH and 9,579.2 stETH, lost to this scam. Dude then flipped these to roughly 13,785 ETH and 1.64 mil DAI. Some of that DAI cash went to FixedFloat, eXch, and OKX. It’s wild out here! πŸ˜²πŸ’Έ


2️⃣ MicroStrategy’s Bitcoin Drama: Yo, according to CoinDesk, this bank Berenberg is saying MicroStrategy’s whole Bitcoin loss sitch might’ve been a bad look, but it’s not all bad vibes. FASB’s new rules might help them (and other corps) flex their Bitcoin without stressing about losses if the price dips. If you remember, MicroStrategy reported some *major* losses since they started their crypto game in 2020. The new rules? They’re all about that fair-value accounting life. They’ll kick in by 2025, but companies can hop on earlier, and word is, MicroStrategy will. Big Mike from MicroStrategy says this is a game-changer. Meanwhile, Berenberg’s like, “still a buy from us” on MicroStrategy stocks. πŸ“ˆπŸ’°


3️⃣ Crypto Trouble in Nashville: Some tea from The Block. Linus Financial, a crypto crew from Nashville, had to settle things with the SEC. Apparently, they slipped up and didn’t register their crypto lending thing, Linus Interest Accounts. Good news for them? SEC’s not dropping any fines ’cause Linus played nice and fixed things up quick. SEC’s basically telling everyone, “play by the rules or pay up.” And CFTC? They’re throwing some side-eye at a few other platforms too. πŸ˜¬πŸ”—


Stay safe in that crypto jungle, peeps! πŸ’ŽπŸš€πŸŒŒ

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