Tether Holdings, issuer of the world’s largest stablecoin, is seeking to raise as much as $20 billion in a private funding round that would value the company at roughly $500 billion, according to a report. The El Salvador-based firm is negotiating with investors to sell a 3% equity stake, a move that would place Tether
Earlier this year, some reports suggested that China might be changing its tune on crypto due to some cryptocurrency in Hong Kong. However, according to a Tuesday report by Caixin Global, Beijing regulators have ordered local tech and financial firms to scale back their crypto activities. Crypto mirage Earlier this year, Hong Kong, one of
Cryptocurrency analyst Joao Wedson stated that the weakness in the Bitcoin (BTC) to gold (XAU) pair could be a positive signal for the markets in the long term. In his report, Wedson argued that especially large institutions and banks have recently turned from Bitcoin to gold. In his analysis last December, Wedson stated that this
Silo Pharma has secured a key pillar of its digital asset strategy by partnering with institutional custodian Fireblocks, triggering a 22% stock surge as investors appear to endorse the move to secure its Bitcoin and Ethereum treasuries. Summary Silo Pharma stock jumped 22% after naming Fireblocks as custodian for its crypto treasury. The company launched
Yesterday, at the Concordia Summit, an annual event held during the UN General Assembly week, Paystand CEO and co-founder Jeremy Almond made the case for why Bitcoin is important for those living outside the borders of highly developed countries as well as how it helps people meet the UN’s sustainable development goals (SDGs). At the
Key Takeaways Fed’s Bostic says employment risks are now as significant as inflation risks. Labor market stability is becoming a concern as the Fed weighs its dual mandate of maximum employment and price stability. Federal Reserve Bank of Atlanta President Raphael Bostic today signaled that employment risks now pose threats equivalent to inflation pressures. The
Bitcoin-focused Latin American company OranjeBTC is set to go public on Brazil’s B3 exchange in early October with more than $400 million in BTC reserves, making it Brazil’s largest publicly-traded bitcoin treasury firm. The move, confirmed by local news outlet Brazil Journal and at Mercado Bitcoin’s DAC 2025 conference, will see it go public via
There’s been a drawdown in Bitcoin futures contracts over the past couple days, with $1.25 billion worth of open interest leaving the past day—and analysts say that’s good for the BTC derivatives market. The open interest in Bitcoin futures contracts has sunk to $80.8 billion from $85 billion as of Tuesday afternoon after steadily falling
Cryptocurrency analyst Timothy Peterson has highlighted the potential price action for Bitcoin (BTC) tomorrow, September 24. Peterson noted that historical data points to a clear cyclicity in Bitcoin’s performance. According to the analyst, Bitcoin typically sees a 53% gain on any given day, with a typical gain of +0.10%. However, the situation is different on
The Bitcoin ecosystem has witnessed enormous BTC transfers involving thousands of coins in the last hour. However, the most significant transaction, spotted by blockchain tracker Whale Alert, has sparked market reactions as it appears to represent a major buy. According to data from Whale Alert, 7,441 BTC (over $840 million) were withdrawn from the leading