📊 Crypto Reports (May 2, 2024):

1️⃣ Tether: #Tether announced a record-breaking profit of $4.52 billion for the first quarter of 2024. Approximately $1 billion of this sum stems from earnings generated by US Treasury bonds. 💵

2️⃣ Dune: The market valuation of the #BlackRock USD Institutional Digital Liquidity (BUIDL) has reached $375 million. Consequently, this product from the world's largest asset manager has outpaced the Franklin OnChain US Government Money Fund (BENJI), initiated just last year, with the latter's capitalization estimated at $368 million. 💰

3️⃣ Messari: Between February and April, the total value locked (TVL) within #RWA protocols surged by nearly 60%. By April 26, 2024, the TVL for RWA markets neared the $8 billion mark. This resurgence in the sector stems from heightened interest in high-yield investments tied to lending activities. 📈

4️⃣ HM Treasury: On May 1, 2024, the UK Treasury unveiled a report detailing the department's endeavors over the past two years. From 2022 to 2023, alongside banking and asset management, cryptocurrencies emerged as presenting the most significant money laundering risks. 🏦

5️⃣ IntoTheBlock: Roughly 90% of investors holding #ALGO tokens within the Algorand project find themselves at a loss. 📉

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