Tether Reports Record $2.85B Profit as Biggest Stablecoin Nears $100B Market Cap
The stablecoin issuer held over $5.4 billion in excess reserves as of 2023 year-end, according to its latest attestation.
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dYdX Foundation Requests $30M Budget, Pledges to Issue Annual Spending Report
The Foundation wants to preserve an 18-month runway through at least mid-2026.
Bitcoin Holds Above $40K Ahead of U.S. GDP, $5.8B Crypto Options Expiry
Traders have scaled back bets of aggressive rate cuts by the Federal Reserve ahead of the U.S. GDP report.
What’s Uniting the SEC’s Crypto Cases
We now wait to see how judges will rule on the Coinbase and Binance cases.
Bitcoin-Based Digital Art Image ‘Genesis Cat’ Sells for $254K in Sotheby’s Auction
The sale of the digital image from the Taproot Wizards project came as popularity surges for the NFT-like creations minted atop the Bitcoin blockchain’s Ordinals protocol. All in, some 19 lots sold by Sotheby’s raked in a combined $1.1 million.
He Exposed Harvard President’s Plagiarism, Then Lost Money Betting on the Story
Are prediction markets the future of investigative journalism? Maybe, says Chris Brunet, whose reporting led to Claudine Gay’s resignation – though he’s yet to profit from his scoops.
TrueUSD Wobbles Towards $1 Peg Amid Reported Redemption Issues
TUSD went as low as 97 cents as Binance veri shows traders apparently sold over $300 million worth.
Dogwifhat Zooms to Nearly 50 Cents as Solana Meme Coins Make a Comeback
A bump in network activity and usage could contribute to an upside for Solana’s SOL.
MetaMask’s Secret ‘Intents’ Project Could Radically Change How Users Interact With Blockchains
MetaMask is quietly testing new tech that uses third parties to route user transactions. It will eventually be made available outside of MetaMask and will be closely scrutinized for how it manages to avoid centralization concerns.
JPMorgan Sees Significant Capital From Existing Crypto Products Pouring Into New Spot Bitcoin ETFs
The newly created ETFs could attract inflows of up to $36 billion from other crypto products like Grayscale Bitcoin Trust (GBTC), a report said.