Tether has just released its attestation report for Q2 2024, declaring a $5.2 billion profit for the first half of 2024. In Q2 of 2024, Tether generated a net operating profit of $1.3 billion, compared to Q1’s earnings of $4.52 billion, per the report.  Tether’s net equity worth also increased by $520 million to $11.9

Last week’s Bitcoin Nashville conference dominated crypto news headlines – largely due to former U.S. President Donald Trump’s campaign speech (and lots of promises) as well as Senator Cynthia Lummis’s call for a national “Bitcoin Strategic Reserve.” (We’ve got the draft legislation .) We wandered around the event for four days while scrambling to cover

A nice thing about watching Olympic swimming is that it’s not too complicated to determine who’s the fastest. Everyone dives into the same pool, there’s some paddling, and at the end of the final lap, one person touches the wall first. The same can’t be said for blockchains, where engineers are always releasing ever more

The stablecoin issuer reported $5.2 billion profit in the first half of 2024. Its U.S. debt holdings amounted to $97.6 billion, surpassing countries including Germany. 01:53 161 Letters of Support for Binance’s CZ; Tether’s Latest $200M Investment 01:11 Why USDT Dominates Supply With Lower Transaction Volume 02:26 DOJ Wants CZ to Serve 3 Years in

The Fed held policy steady, as expected, but the policy statement was more hawkish than most anticipated. At his post-meeting press conference, Chairman Jerome Powell indicated the central bank was “moving closer” to the point where it might cut rates. As expected, the U.S. Federal Reserve left its benchmark fed funds rate range unchanged at

Decentralized finance protocol Aave is seeing a significant spike in whale activity as the market looks to bounce from the recent dump that pushed most altcoins to key support areas earlier this week. On July 31, Lookonchain shared details indicating whales had aggressively accumulated Aave (AAVE) over the past two days. According to the data

Polyhedra Network has announced the open beta launch of its Proof Cloud at the Google ZK Summit.  Proof Cloud is designed to make ZK proofs more accessible in both web2 and web3 environments. Supported by Google Cloud, Polygon (MATIC), Linea, and Lita, Proof Cloud aims to meet the rising demand for efficient and cost-effective zero-knowledge

Ki Young Ju has reported a significant rise in limit buy orders for altcoins, signaling a potential rally. This surge suggests that investors are establishing strong buy walls for altcoins, excluding Bitcoin (BTC) and Ethereum (ETH), possibly in anticipation of an impending altcoin rally. “Whales are preparing for the next altcoin rally,” Ju posted on

USDT issuer Tether disclosed net profits of $1.3 billion in the second quarter of the year, adding to the $4.5 billion generated in Q1 to set a new record. Tether’s (USDT) second quarterly attestation reported that the company hit $5.2 billion in net profits for the first half of 2024. According to the press release, which

GMX, an on-chain perpetual and spot exchange, has announced that a proposal to change the platform’s revenue distribution model has entered the on-chain vote stage. According to an announcement on July 31, the new revenue distribution model aims to enhance the long-term value of the GMX (GMX) token. Currently, the DEX protocol supports a model