Tether Boasts Record Profits—But Reserve Claims Remain 'Dubious', Says Former SEC Attorney
The attorney said Tether's reserves are "unaudited, unconfirmed and therefore dubious."
Original source
Read on DecryptRelated market context
Bitcoin at $63,400 as Iran Says Strait of Hormuz Remains Closed Despite Trump’s ‘Great Deal’ Claim
Iran said the Strait of Hormuz remains closed despite President Donald Trump’s claim of a settlement, keeping pressure on oil and...
Bitcoin faces one of its biggest mining difficulty drops as miner margins collapse
The Bitcoin network is poised to execute one of the largest downward adjustments to its mining difficulty in its 17-year history t...
Tether’s Brief Overtaking of Ether in Value Signals Crypto Market Stress
USDT briefly surpassed Ether in market cap last weekend, signalling investor flight to safety amid Bitcoin's worst week since FTX...
Rob Hadick Warns Tether and Circle Face Rising Pressure From New Stablecoins
Dragonfly General Partner Rob Hadick believes stablecoins are entering a new phase. While USDT and USDC remain dominant today, he...
Bitcoin Selloff Leaves Half of Supply Underwater as Tether Briefly Overtakes Ether
Bitcoin's drop below $60,000 leaves half of supply in loss, while Tether briefly overtakes Ether in a reality check for crypto mar...
IEM Cologne Major draws esports attention but crypto integration remains absent
The absence of crypto integration at IEM Cologne highlights the esports industry's cautious stance on blockchain, impacting future...