As per EmberCN’s X post on Aug. 19, the hacker initially sold 9,631 Ethereum (ETH) at an average price of around $4,562, which equated to approximately 43.9 million Dai (DAI). Later, when prices dropped to $4,096, they repurchased 2,109.5 ETH for roughly $8.64 million in DAI.
The stock price has taken an 8% tumble since Monday, which, coincidentally (or not), is around the same time Bitcoin decided to take a breather after hitting a jaw-dropping all-time high of $124,128 last Thursday. Talk about timing! 🕰️
Of course, Palihapitiya’s SPACs-some triumphant chariots of finance (SoFi), others collapsing like soufflés in a snowstorm. Ah, the fickle mistress of speculation! Who could resist such a gamble?
Comptroller Jonathan V. Gould, ever the pragmatist, claimed this would usher in “faster, cheaper, more reliable” transactions. Removing the requirement for banks to beg regulators for permission beforehand is, of course, a bold leap into the future-or a recipe for chaos, depending on whom you ask. The OCC insists digital assets are now “mainstream,” a phrase that will surely warm the hearts of those who still use the word “telegram” without irony.
mNAVs are down for MSTR (-16%), for MTPLF (-62%), and for SMLR (-12%). As Bitcoin volatility settles, it becomes harder for DATs to issue convertible debt to acquire more BTC. Because nothing says “financial health” like a 62% drop. 💸
Finally, wrap everything up with a humorous closing line like “Stay tuned, folks. The SEC’s next move might just be the punchline we’ve all been waiting for… or a new regulatory sitcom. 🎬” to keep the Mel Brooks vibe consistent.End of Thought (13.84s)
But wait, there’s more! A bullish pattern’s brewing, and exchange flows are screaming, “Buy, buy, buy!” 🤑 Yet, some traders might be in for a rude awakening if this rocket keeps soaring. 🚀
This past week, Ethereum [ETH] made quite a show of bullish antics, soaring perilously close to its historic pinnacle of $4,891. Alas, gravity (and market indecisiveness) has been a persistent foe, and the price continues to waver, sinking to around $4,225 as we speak.
Strategy, once a humble purveyor of business intelligence software, hath transformed into a corporate bitcoin behemoth under the ever-watchful eye of Executive Chairman Michael Saylor. With 629,376 BTC in its coffers, it stands as the world’s largest corporate holder of the digital gold. But pray tell, what is this “mNAV” that stirs such passions? 🤔
Bullish-yes, still carrying that Peter-Thiel-approved swagger-just walked down the aisle with RLUSD for their big IPO honeymoon. Instead of boring old bank transfers, they scooped up $1.5 billion via a gang of stablecoins: 75% USDC (safe vanilla), a cheeky 15% RLUSD (mint choc chip), and assorted sprinkles of PYUSD & USD1 (pick your flavour-someone actually chose bubble-gum).
