Michael Lossia

[Michael Lossia @LossiaMichael]

@RhoRider @NotChaseColeman Is this Justin Sun related?!?

[ChainArgos @ChainArgos]

Circle blacklisted an interesting address: 0xfd03637733e810ed9a33e7658d06c80151fb0b61

Hasn't transacted USDC since 2020. But when it did this address touched lots of stablecoin defi (curve, maker, frax, etc) and Huobi. The only cex here is Huobi. Recall this is 2020 so Huobi was definitely an Asia-focused operation. And they don't touch Circle directly either -- this is 100% policing the secondary market.

So this is a not-huge maybe-Chinese stablecoin defi user from 2020 that Circle decided for some reason to blacklist now. Hmm. There must be a legal proceeding we don't yet know about.

For users: https://t.co/MsU2VjclTp

[Michael Lossia @LossiaMichael]

@EleanorTerrett @Vanguard_Group @MerrillLynch You’re a journalist and actually posted this? So to sum, this guy walked into his local Vanguard and Merrill branch to pull his money and the account manager apologized bc he wanted to keep managing this guys funds. Huge breaking news lol. Who do you thinks makes Co decisions?

[Michael Lossia @LossiaMichael]

@Bitfinexed https://t.co/wqjkkSWbvL

[Michael Lossia @LossiaMichael]

@Bitfinexed “(they are not ETFs registered under the Investment Company Act of 1940, the ubiquitous products that today are used by millions saving for retirement) – and that investors may infer protections that do not in fact exist.[44]”

[Michael Lossia @LossiaMichael]

@s_alderoty @Ripple This is so dumb. The SEC has commissioners who vote. Majority votes decide. If one person has a view at the SEC, it means nothing. Like current crypto mom Hester Pierce. Now I’m pretty sure after seeing the “Hinman emails” Ripple is going to lose in SJ. There’s nothing there.

[Michael Lossia @LossiaMichael]

@cameron @brian_armstrong Lol this coming from a guy who literally stiffed people out of their money they put into Gemini Earn.

[Michael Lossia @LossiaMichael]

@ParrotCapital @Bitfinexed @Cryptadamist don’t forget, Coinbase loses over 9 figures every qtr. what are they going to do without USDC Int income soon? Longs have been warned. Huge dilution coming for survival. They have no access to debt mkts.

[Michael Lossia @LossiaMichael]

Coinbase SEC penalties could be over $6b. how much to defend the lawsuit? how many customers will they lose given cease and desist orders from states like Alabama (Coinbase has 28 days to respond to Alabama)? Coin has less than $4.2B in cash over $3b in debt @ParrotCapital

[Michael Lossia @LossiaMichael]

@Cryptadamist @ParrotCapital @Bitfinexed @DMusanni Stock was a least a little better priced then (under $40 a share closer to $30) before doubling this year on the fake stablecoin injected Bitcoin rally to $30k.

[Michael Lossia @LossiaMichael]

Lol at anyone buying Coinbase equity. Their bonds are trading back under .60 on the $. Yielding over 14%. Bond mkt pricing over 40% chance that equity gets wiped out. @ParrotCapital @Cryptadamist @Bitfinexed @DMusanni

[Michael Lossia @LossiaMichael]

https://t.co/aoDtnsv8XI

[Michael Lossia @LossiaMichael]

How long until MCO and Standard downgrade their debt further into junk territory? They have no access to debt mkts at the rates they would have to currently pay. Only chance of survival is a huge equity raise via dilution. Remember, this company already was losing tons of $/qtr

[Michael Lossia @LossiaMichael]

@DMusanni has been tweeting this for over 3 weeks. So how is Coinbase going to make their interest income now that accounts for almost 30% of their rev without Circles UST interest sharing? @ParrotCapital @Cryptadamist @Bitfinexed https://t.co/HAzFdg4rKT

[Michael Lossia @LossiaMichael]

@ParrotCapital He’s right though. The difference between Tether and Coinbase/USDC - Tether isn’t a public company ripping off investors with equity.

[Michael Lossia @LossiaMichael]

@Marc_Fagel I have just a quick question, if the SEC only meets on Thursdays to vote on charging a company or individual, why are there announcements on different days of the week not always a Thursday?

[Michael Lossia @LossiaMichael]

@ParrotCapital @NotChaseColeman @Bitfinexed @federalreserve @SECGov Goldman, KBW, WFC are all sub $45 pt as of today. Mizuho is $27 earlier this week.

[Michael Lossia @LossiaMichael]

@Bitfinexed @NotChaseColeman @federalreserve @SECGov Was any discussion mentioned on the CC about why they discontinued Coinbase Borrow even though this company requires interest on anything to survive? Or was it brushed under the rug like they just didn’t want the program anymore?

[Michael Lossia @LossiaMichael]

@Bitfinexed @NotChaseColeman What a joke that a publicly traded company that makes 25-30% of their rev from interest income of their “partner” Circle but does not demand a monthly audit for the sake of their shareholders to verify the USDC funds are actually there. How is this allowed @federalreserve @SECGov