USDT Issuer Tether Bought $45.4 Million Worth of Bitcoin in Q2 – Here’s What This Means for the BTC Market
The issuer of the world’s most popular USD-pegged stablecoin USDT, Tether, bought 1,529 bitcoin (BTC) worth $45.4 million in Q2, as per comments by the company’s CTO cited by Bitcoin Magazine. The purchase shows that Tet...
The purchase shows that Tether is following through on a plan announced back in May to allocate 15% of quarterly profits to bitcoin....
Read More: USDT Issuer Tether Bought $45.4 Million Worth of Bitcoin in Q2 – Here’s What This Means for the BTC Market
Original source
Read on CryptonewsRelated market context
Tether USDT Briefly Overtakes Ethereum in Market Cap: A $187B Wake-Up Call
For a few hours, earlier this week, Tether USDT stablecoin held a higher market cap than Ethereum, the first time that has happene...
Here's what SpaceX's IPO means for its $1.3 billion bitcoin reserve
The largest company on public markets now holds bitcoin as a treasury reserve, not as a business model. Its first earnings cycles...
Blackrock’s IBIT Leads $86 Million Bitcoin ETF Inflow as Ethereum Funds Extend Outflow Streak
Spot bitcoin exchange-traded funds (ETFs) drew $85.85 million in net inflows on Friday, with every one of the 12 tracked funds avo...
Banks are buying Bitcoin vaults, but a quantum problem may be waiting inside
The banks are finally buying the vaults. In May, BNY, the world's largest custodian with $59.4 trillion in assets under custody an...
Coinbase Quantum Report Warns Millions Of Bitcoin Could Face Future Security Risks
TL;DR Coinbase’s Quantum Advisory Council published a report on post-quantum migration and abandoned coins. The report estimates t...
Elon Musk’s trillionaire status puts his net worth above crypto’s entire market cap outside Bitcoin
Elon Musk has become the first person in modern history to amass a personal net worth exceeding $1 trillion, crossing the historic...