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Tether Posts $5.2 Billion Profit in First Half of 2024


Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure to U.S. Treasury bills and a significant rise...

Vaneck Predicts Bitcoin Could Reach $2.9 Million by 2050


Asset management firm Vaneck released a report projecting bitcoin could reach $2.9 million per coin by 2050, becoming a global medium of exchange and reserve currency. The report suggests bitcoin could settle 10% of global international trade and 5% of domestic trade, with central banks holding...

Report: Kamala Harris Team’s Crypto Outreach, Pro-Crypto Stance in Horizon?


The U.S. Presidential elections have turned into a drama series with new plot twists every week, and somehow, crypto seems to be at the center of all the drama. Earlier today, Barrack and Michelle Obama officially endorsed Kamala Harris for POTUS. This has become a crypto election with the likes...

US Bitcoin ETFs Report $31.16M Inflows on Thursday


Based on Thursday’s data, the 11 U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows following Wednesday’s increases. Statistics indicate that $31.16 million was absorbed primarily by Blackrock’s IBIT, although the amount would have been higher...

Coinbase and Glassnode Report Highlights a Stabilizing Crypto Market 


A recent joint report by Coinbase Institutional and the onchain analytics firm Glassnode reveals a maturing and stabilizing cryptocurrency market despite recent price corrections. The analysis highlights robust trading volumes, increasing onchain activity, and significant progress in regulatory...

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