Daily Crypto NewsEDITION #1198, 08 May

Computer Worm (F $WORM)

Today, on May 8, 2004, the German police arrested 17-year-old creator of the Sasser computer virus.

Sasser — a computer worm that penetrates computers without user interaction. It was created by Sven Jaschan, who was sentenced to only 1 year and 9 months in prison, as he had no malicious intent. But the virus became a legend, infecting 250,000 PCs worldwide by 2004!

Viruses have been around for a long time, but how much have they evolved? A lot. 

Major news today:

- Traders are expecting three rate cuts this year, with the first one likely in July. However, due to economic risk concerns, the Fed may delay its rate cuts.

- Trump wants to support the AI narrative, which is why he will lift the global restrictions on chip exports.

- The CEO of Safemoon is shifting blame to the founder, who allegedly fled to Russia.

They are accused by the U.S. Securities and Exchange Commission (SEC) of fraud, conspiracy, and embezzling more than $200 million on luxury purchases.

- The OCC released a clarifying letter stating that banks can trade crypto on behalf of their clients.