Machi Big Brother(@machibigbrother) has been liquidated 7 times in the past 10 hours — but he keeps going long $ETH.
Current position: 1,100 $ETH($1.82M)
New liquidation price: $1,635.71
https://t.co/v6CcvnnYzG
JUST IN:
Tom Lee (@fundstrat)'s #Bitmine is down $8.9B on 5,416,901 $ETH ($10.03B).
Michael Saylor (@saylor)'s #Strategy is down $7.6B on 843,706 $BTC ($56.26B).
Taiwan Officially Enters the Stablecoin Era
台灣官方正式進入穩定幣時代
Taiwan Stock Exchange Issues "Guidelines for Accounting Treatment of Stablecoin Transactions" and "Guidelines for Internal Control Systems for Holding Cryptocurrencies"
The documents formally state that when enterprises hold stablecoins, they should use current regulations and the latest user terms published by stablecoin issuers as the basis for determining accounting classification. Four case studies were written based on common transaction patterns of USDC and USDT.
The guidelines also provide detailed explanations on how to determine whether a stablecoin holder has a contractual right to receive cash or other financial assets under different scenarios—where stablecoins are either legally regulated or not yet regulated—thereby classifying stablecoins as financial assets, intangible assets, or inventory.