Bitcoin
Tether Reports $3.3B in Excess Reserves in Q2, Up $850M for the Quarter
The company said its operational profits exceeded $1 billion in Q2 this year. Source link
Month: July 2023
Market Analysis
Top analyst on what next for LINK
Chainlink (LINK) traded to highs of $8.44 before retreating amid broader market uncertainty. A top crypto analyst says LINK seeing a weekly close below the macro downtrend line portends fresh losses. The “Macro Breakout is […]
Regulation
DYdX Proposal to Slash Token Issuance Wins Early Support in Vote Ending Tuesday
If passed – voting ends Tuesday – the governance proposal will reduce the amount of DYDX given to liquidity providers per epoch to 575,342, a 50% decrease that amounts to about $1 million at current […]
Ethereum
Why Congress Should Pass the H.R. 4766 Stablecoin Bill Now
After the financial crisis, there was a significant period of reform in financial markets, where we gave preference to price stability products that worked properly, such as government money market funds or stable value funds, […]
Bitcoin
DCG Says It Sees Resolving Genesis Chapter 11 Bankruptcy Soon
The Genesis lending business froze withdrawals last year in the aftermath of FTX’s collapse, which, among other things, affected customers of a lending product from the Gemini exchange. The led to a public war of […]
Market Analysis
IOTA20 Crypto Project Begins Token Presale – What Is $IOTA20?
The world of cryptocurrency constantly offers potential investment opportunities, with IOTA20 ($IOTA20) being the latest to catch the community’s attention. Launching a presale with an ambitious vision to learn from its predecessor’s shortcomings, IOTA20 offers […]
Regulation
After the Curve Attack: What's Next for DeFi?
The $70 million weekend exploit of major platforms, including Curve, come at a time when developers are discussing changes to the prevailing AMM liquidity model. Source link
Ethereum
Digital Currency Group Appoints Mark Shifke as Chief Financial Officer
“DCG has long stood out to me as the leading and most well-respected operator, investor, and backer of the brightest minds in the digital asset space,” Shifke said in a statement. “As the industry matures […]
Bitcoin
Curve Debacle Triggers Transaction Frenzy, Sending Ethereum ‘MEV’ Rewards to Record High
On July 30, over 6,000 ETH ($11M worth) in so-called Maximal Extractable Value rewards were paid out to Ethereum validators, the most ever for a single day. Source link
Market Analysis
Tether’s excess reserves increased by $850M to $3.3B in Q2
Tether’s excess reserves for the USDT stablecoin hit $3.3 billion in Q2. An attestation report for the quarter by BDO showed operational profits of over $1 billion. Tether’s consolidated liabilities was roughly $83.17 billion, while […]