Stablecoin issuer Tether has surpassed South Korea in the number of U.S. treasury bond holders after it issued more assets with total exposure to U.S. Treasuries. How much U.S. debt does the firm hold? Summary Tether’s U.S. Treasury reserves surpass South Korea, Germany and United Arab Emirates. Tether continues to generate net profit, reaching $4.9
The Pakistan government has recently made another crucial decision to induct crypto into the country’s mainstream financial sector. As per the latest reports, the Pakistani authorities are planning to increase the crypto incorporation by commencing official adoption in banking, gold trading, and forex operations. This development highlights the country says welcome to Web3 technologies in
Ethena’s synthetic stablecoin, USDe, has crossed $8.4 billion in supply, adding more than $3.14 billion over 20 days in a surge that outpaced flows into BlackRock’s (BLK) flagship bitcoin and ether exchange-traded funds. (Ethena) According to on-chain data curated by the Ethena community, the supply increase since July 17 is the fastest period of growth
The rapidly-expanding crop of public companies using their stock to accumulate digital asset treasuries ought to trigger lessons from history about the way compounded risks can spread through the financial system and then dramatically unravel, warns a report on the trend by Galaxy Digital. The growth model of Digital Asset Treasury Companies (DATCOs), which now
Billionaire investor Ray Dalio has said his goodbye to Bridgewater Associates, a hedge fund giant he founded 50 years ago. Dalio sold his last remaining stake in Bridgewater and stepped off its board, The Wall Street Journal reported on Thursday. After buying Dalio’s shares, Bridgewater reportedly issued new shares to the sovereign wealth fund of
By Francisco Rodrigues (All times ET unless indicated otherwise) The wind seems to be coming out of the crypto market’s sails. Bitcoin BTC$115,157.25 fell 3% in the past 24 hours, dropping below $115,000, and it’s actually one of the better performing of the largest cryptocurrencies. The CoinDesk 20 (CD20) index, a measure of the broader
US President Donald Trump has once again sharpened his criticism of Federal Reserve Chairman Jerome Powell. Trump, who called Powell a “stubborn fool” in his remarks, said interest rates needed to be lowered urgently and dramatically. “If Powell won’t cut rates, the Fed Board of Governors needs to take control,” he said. Trump’s harsh statement,
In a surprising and significant move, Nasdaq-listed electronics manufacturer Cemtrex (CETX) has boldly announced a $10 million strategic corporate crypto investment plan. This announcement sends ripples through both the traditional finance and digital asset sectors, signaling a growing trend of established companies embracing the cryptocurrency space, often seen as volatile and cutting-edge. What Exactly is
In the fast-paced world of cryptocurrency, where fortunes can be made and lost in the blink of an eye, even the most prominent figures are not immune to market fluctuations. Recently, attention has turned to Jeffrey Huang, a Taiwanese singer and influential figure in the NFT space, better known as Machi Big Brother. Reports indicate
In the unpredictable world of cryptocurrency, fortunes can be made and lost in the blink of an eye. For seasoned Hyperliquid trader James Wynn, the recent market movements have led to another significant blow, specifically concerning his PEPE trading losses. This latest setback adds a staggering $1 million to his already substantial record of losses,