Tether is ‘best friend’ of US, says CEO Paolo Ardoino
While focusing on developing countries, Tether is doing its best to maintain a good relationship with the United States, Paolo Ardoino told Cointelegraph. Go to Source
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Fed’s dovish move to slash $625M in interest income for stablecoins
CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion. Go to Source
Arthur Hayes predicts short-term market crash on rate cuts: Token2049
BitMEX co-founder Arthur Hayes disclosed significant holdings in Ether, Ethena and Pendle, expressing confidence about the next ETH bull market. Go to Source
Tether Q1 2024 Attestation Reveals Record $4.52 Billion Profits
Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels, reporting $11.37 billion as of March 31, 2024. Tether issued over $12.5 billion USDT during this period. Tether Attestation Registers Record-Breaking … Read more
Tether’s excess reserves up to $3.3B, holds $72.5B worth of US Treasury bills
Tether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion. Go to Source Powered by WPeMatico
4 ‘emerging narratives’ in crypto to watch for: Trading firm
The crypto trading firm sees NFTs becoming more intertwined with brand IP, while Web3 apps with “real world utility” gain traction. Go to Source Powered by WPeMatico
BTC to outperform ‘most major assets’ in H2 2022 — Bloomberg analyst
Global rate hikes are putting downwards pressure on asset prices, but Bitcoin is starting to outperform commodities and tech stocks. Go to Source Powered by WPeMatico
As the Stock Market Dives Report Shows ‘US Households Now Have Record High Exposure to Stocks’
While inflation has kicked up in the U.S., following the massive stimulus issued by the Federal Reserve, investor and financial writer Lyn Alden Schwartzer published a report that shows “U.S. households now have record high exposure to stocks.” The news comes at a time when many analysts and economists believe equities markets are in a … Read more
