Author: NBTC

[ad_1] Tether Hits $13 Billion Profits for 2024 And All-Time Highs in U.S. Treasury Holdings, USD₮ Circulation, and Reserve Buffer in Q4 2024 Attestation Read more: https://t.co/1CRfIK5XR0 — Tether (@Tether_to) January 31, 2025 Paolo Ardoino, the head of the firm, specified that $6 bln was earned in the last quarter alone. The company’s direct and indirect investments in U.S. Treasuries reached a record high of $113 billion. For the fourth quarter of 2024, Tether issued $23 billion worth of USDT, increasing its total issuance to $45 billion by the end of the year – comparable to Circle’s USDC capitalization. Excess…

[ad_1] Bitcoin, the top cryptocurrency by market capitalization, recently secured 13 green hourly candles in a row, according to data provided by Vetle Lunde of K33 Research. Notably, this is the longest streak of green houry candles recorded by the flagship cryptocurrency since Jan. 1, 2017. Blockstream CEO Adam Back believes that this could be time-weighted average price (TWAP) buying. “Someone big or institutional buying. Not sure who would sell to them at these prices though!” he said on social media. He further suggested that MicroStrategy co-founder Michael Saylor or an institutional player could be using this dip in order…

[ad_1] HTX shareholder Justin Sun has claimed that there were irregularities in the sale of co-founder Li Lin’s share of the cryptocurrency exchange. HTX was formerly known as Huobi. The disclosure came in the middle of a string of posts on X touting the Decentralized USD (USDD), a stablecoin backed by subsidies of Sun’s Tron platform. In one of the posts, Sun says (translated from Chinese) that “even if Li Lin uses it, he can leave unscathed; USDD will give him every penny of the interest!” In the post, Sun continues by saying Li “concealed due diligence materials, creating a…

[ad_1] Litecoin is reportedly set to see its first Exchange Traded Fund (ETF) approved by the U.S. Securities and Exchange Commission (SEC). According to ETF analyst Eric Balchunas, the S-1 application form for the Litecoin ETF has received a response from the SEC, which seemingly supports predictions that Litecoin is most likely to become the next approved cryptocurrency ETF. Further highlighting the perceived optimism surrounding the SEC’s new chair, Paul Atkins, Balchunas added, “Having said that, the new chairman of the SEC has not yet taken office, which is a huge variable.” Litecoin ETF Receives SEC’s Approval? We had heard…

[ad_1] This is a segment from the Empire newsletter. To read full editions, subscribe. Don’t panic. That’s the gist of the message from Asset Reality’s Aidan Larkin on this week’s Empire Roundup. Jason Yanowitz and Santiago Santos specifically asked him about all that US government bitcoin. Basically, the recent court approval is par for the course for any civil forfeiture. And, no, it doesn’t mean that the US is immediately hitting the sell button.  ”There’s a very strict process that has to get followed,” Larkin said. “ At some point in the future, it’ll just go through the normal government processes.…

[ad_1] Utah, Arizona, and Illinois have become the latest U.S. states to kick off legislative processes geared toward establishing BTC strategic reserves. In Utah, the Blockchain and Digital Innovation Amendments bill was introduced on January 21 by State Rep. Jordan Teuscher. However, the House Economic Development and Workforce Services Committee only voted in favor of the bill this week. It now heads to the floor of the House for debate and voting, and if it sails through both houses, it will then move to Governor Spencer Cox’s desk for his assent. Initially, the bill allowed the State Treasurer to invest…

[ad_1] ONDO Finance drives RWA tokenization with $600M TVL, bridging TradFi and DeFi through major partnerships like BlackRock. ONDO/USDT holds critical $1.00 support, signaling potential recovery as buyers accumulate amidst consistent trading volume. Analysts see ONDO’s RWA focus and strategic alliances as catalysts for redefining Web3’s integration with traditional finance. With over $600 million in Total Value Locked (TVL) and partnerships with BlackRock, PayPal, and Wellington, ONDO is emerging as a trailblazer. The firm’s mission to tokenize public securities and funds could redefine traditional finance integration into Web3. The recent market dip has created renewed interest in ONDO’s potential. Michaël…

[ad_1] Zilliqa’s repeated struggles with bugs and outages impact its future as a high-throughput blockchain? On Jan. 16, the Zilliqa (ZIL) blockchain network—designed to improve scalability and efficiency in blockchain networks through sharding technology—resumed operations after a disruption caused by synchronization issues in its look-up nodes. These nodes, which are crucial for transaction validation and network support, fell out of sync and prevented transactions from reaching the blockchain. Dear Community,The team has worked diligently over the past few hours, and we are pleased to announce that the network recovery is now complete.Full functionality has been restored to the Zilliqa mainnet,…

[ad_1] Policymakers in Germany are considering options required for the country to adopt Bitcoin (BTC) and become competitive in the digital currency space. This formed part of the discussions at a recent Blockchain Roundtable in the German Parliament. Patrick Hansen, Circle’s Senior Director of EU Strategy & Policy, revealed this in a post on X. Germany’s proposed strategic approaches for Bitcoin adoption According to the post, the country’s former finance minister, Christian Lindner, highlighted three critical ways to approach it. First, Lindner suggested that the German government issue bonds on the blockchain. This involves using blockchain technology to issue government…

[ad_1] Decentralized lending protocol Aave processed millions in liquidations Monday without accruing any new bad debt, showcasing its resilience during market volatility, data from Chaos Labs shows. The crypto market wilted early Monday, with the price of bitcoin (BTC) falling to nearly $91,000 from $100,000 as concerns of a renewed trade war between the U.S. and its top partners Canada, Mexico and China sent shockwaves through financial markets. The slide reversed later in the day after President Donald Trump paused tariffs on Mexico for 30 days. The solid two-way price action led to margin shortages, resulting in massive liquidations, the…