Tether reports almost $3 billion in quarterly profits boosted by Bitcoin and gold
The company holds over $97 billion in consolidated assets, with 90% in cash and cash equivalents, which are used to back USDT.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Crypto BriefingRelated market context
Investors just moved $7 billion into Bitcoin and gold in five days to escape an accelerating dollar crisis
Gold and Bitcoin exchange-traded funds (ETFs) drew roughly $7 billion over five US trading sessions, a record combined haul that p...
It just got 25 times easier to move self-custody Bitcoin directly onto Wall Street, and $5 billion already has
BlackRock cut the minimum for converting privately held Bitcoin into IBIT shares from $25 million to $1 million, while Bitwise low...
Behind Bitcoin’s sudden resilience is a $2 billion cash surge that wiped out speculative leverage
July's PCE inflation reading held at 3.7% headline and 3.3% core on Aug. 26, both still above the Fed's target. Futures markets re...
A zero-revenue public company tried to copy Michael Saylor to avoid delisting, but its stock immediately crashed 25%
Alpha Modus shares fell 25% after the company agreed to issue more than 10 times its existing share count for Bitcoin. The Nasdaq-...
Thailand is rewriting its stock exchange rules to trap billions in Bitcoin ETF wealth strictly inside its own borders
Thailand is proposing a crypto exchange-traded fund (ETF) framework that would give domestic fund managers, the Stock Exchange of...
CoinShares reports $2B in crypto ETP inflows as AI revenue for Bitcoin miners could hit 70%
Bitcoin miners' shift to AI and HPC highlights a strategic pivot, reshaping industry dynamics and investor confidence in crypto ma...