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

The municipal pension plan of Jersey City, New Jersey, will soon invest in bitcoin via exchange-traded funds, according to a Thursday social media post from Mayor Steven Fulop. While it’s not likely to be a gigantic sum, the decision is another symbolic win for cryptocurrency on the road toward wider adoption. The move follows a

By 2050, bitcoin may settle 10% of international trade and 5% of local trade gain with central banks’ holding it as a reserve asset, asset manager VanEck said in a report. Bitcoin layer-2 networks will play a key role to overcome scaling issues and allow BTC to be used as a medium of exchange, the

Spot ether exchange-traded funds successfully debuted in the U.S. on Tuesday, but regulators didn’t let the ETFs generate income for investors by staking their ETH. The absence represents a disadvantage over directly holding the cryptocurrency, but issuers are hopeful regulators will eventually allow staking. Eight newly approved spot ether (ETH) exchange-traded funds got off to

Last year, a social experiment called $GREED aimed to teach crypto enthusiasts a lesson, tricking them into tweeting an embarrassing message. The project is back. This time, there’s real money involved – a lot of it. 02:02 Marathon Digital Buys $100M BTC; India’s Special Task Force for Crypto-Related Drug Trafficking 00:53 Ether Slides as Grayscale’s

Bernstein said bitcoin miners have upside from the power portfolios they control. Miners that focus on an active power strategy and efficiency are more likely to see a valuation rerating, the report said. Large miners remain focused on bitcoin production and Riot Platforms, CleanSpark and Iris Energy are best positioned to grow market share, the

Sygnum Bank said crypto spot and derivatives trading surged in the first half, propelling it to its first half-yearly profit. The Swiss lender plans to expand into the European Union and Hong Kong in the coming months. 00:34 Market Maker KeyRock Secures Swiss Anti-Money Laundering Clearance 08:15 Zuckerberg Says Meta Has ‘Exciting Roadmap’ With Threads

The Nasdaq and S&P 500 on Wednesday each suffered their worst declines since late 2022, but the price of bitcoin (BTC) mostly held up, remaining around the $66,000 level where it was a day earlier. The broad-market crypto benchmark CoinDesk 20 Index was also flat over the past 24 hours, with Solana’s SOL and Ripple’s