Just 4 hours ago, Pendle Finance’s Governance Multisig 0x8119ec16f0573b7dac7c0cb94eb504fb32456ee1 deposited 600K PENDLE (worth $3.31M) to Binance.
Here’s a quick look at the action:
Since October 25, 2023, this multisig wallet has sent a total of 4.32M PENDLE ($15.4M) to Binance, averaging around $3.572 per token across 8 deposits (including today’s). Historically, PENDLE’s price dipped after each heavy deposit, especially between January 31 and March 16, when there was frequent unloading. However, as deposits slowed, the price stabilized. As of now, the multisig wallet still holds 10.35M PENDLE ($56.63M).

On another front, Tether Treasury has been busy, injecting 460M USDT into various exchanges on Ethereum in the last 12 hours.
Here’s the breakdown:
205M USDT went directly to Bitfinex and Kraken.255M USDT was routed via wallet 0x1dbbbc3fdb2c4fabd28fd9b84ed99ceb84bfbec5 (likely managed by Cumberland DWR), with 175.5M USDT going to Coinbase, 37.2M USDT to Kraken, 25M USDT to Binance, and 17.3M USDT to OKX.
Tether Treasury's address: 0x5754284f345afc66a98fbb0a0afe71e0f007b949
In total, over the past 2 days, Tether Treasury has infused 2.326B USDT into the Ethereum-based crypto market, leaving 243.68M USDT in reserve.
These moves point to substantial capital shifts, with Pendle Finance managing its Binance holdings and Tether actively increasing liquidity across exchanges.
#PENDLE #TETHER $PENDLE

: 1,000,000,000 #USDT。 minted at #TETHER Treasury.

@FOMO_INSIGHTS

#BinanceLaunchpoolDOGS #CryptoMarketMoves #BinanceBlockchainWeek

UPDATE

End of Q1

Tether purchased 8,888 #Bitcoin   

This brings their total treasury to 75,354 #BTC   

This is consistent with Tether's Treasury Reserve Strategy of saving 15% of profits in Bitcoin.

#BTC #BITCOIN #tether #USDT #TETHER

Tether (USDt) has expanded its availability by being accessible on the Telegram Open Network (TON) platform. ⚡🔥💎

Tether’s USDt has officially landed on TON, offering Telegram's massive user base of 900 million users instant, free, and hassle-free cross-border payment capabilities. This groundbreaking integration, announced at Token2049 in Dubai, marks a pivotal collaboration between Telegram’s Founder & CEO, Pavel Durov, Tether’s CEO, Paolo Ardoino, and The Open Platform’s CEO, Andrew Rogozov, under the auspices of the TON Foundation.

With USDt on TON, users can expect stability, as it's pegged 1-to-1 with USD and backed entirely by Tether’s reserves. This stability makes it ideal for daily transactions and cross-border payments. Moreover, the integration boasts fully integrated on-ramps from various fiat currencies globally, with plans for integrated global off-ramps for easy withdrawals to bank accounts or cards.

To incentivize adoption and usage, the TON Foundation is offering a total of 11 million $TON in incentives. These incentives include boosted rewards in USDt/TON liquidity pools across TON DEXes, rewards for users depositing USDt to wallet’s Earn campaign, and free withdrawals to TON from supporting exchanges like tier-1 exchange until June 2024.

The launch of USDt on TON marks a significant stride towards integrating digital currencies into everyday life within TON’s Web3 ecosystem on Telegram. Users can now access seamless financial services, heralding a new era of digital currency adoption and accessibility.

#TON #Toncoin #TonNetwork #PavelDurov #TETHER

Tether Holdings Limited (BVI) released its assurance opinion for the first quarter of 2024, with a record net profit of $4.52 billion. The main contributing entities are those in charge of issuing Stablecoins and managing the respective reserves where approximately $1 billion of this profit stemmed from net operating profits, primarily derived from US Treasury holdings.
#BVI #TETHER #MarketSentimentToday
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Tether minted 3 billion $USDT on Ethereum and Tron in just 4 days. Since April 1, most of those $USDT have flowed into Binance, Bitfinex, Kraken, and Coinbase, encountering the impact of ETF flows

#TETHER #USDT #ETH #TRON

Tether withdrew 8888.88 BTC (approximately $379 million) from Bitfinex today, becoming the tenth largest BTC holding address. Tether currently holds 66465.2 BTC ($2.82 billion), with a cost price of $25,176, and a profit of $1.148 billion (+68%).

#BTC!💰 #TETHER

Tether a acheté 8888 Bitcoins au quatrième trimestre 2023. 🪙💰

Tether a discrètement acquis 8 888 BTC au quatrième trimestre 2023, conformément à sa stratégie dévoilée consistant à allouer 15 % des bénéfices trimestriels au Bitcoin. Cette décision fait suite à des achats antérieurs, portant le total à 66 465 BTC d'une valeur de 2,8 milliards de dollars. Les analystes ont suivi les portefeuilles associés à Tether, confirmant l'accumulation stratégique.

🔹Diversification au-delà des Stablecoins

L'engagement de Tether en faveur de la diversification est évident, avec d'importants avoirs en Bitcoin complétant ses projets miniers et énergétiques. Un investissement de 500 millions de dollars au Salvador démontre l'engagement actif de Tether au-delà de l'émission de pièces stables.

🔹Renforcement de position sur le marché de la cryptographie

Cette décision stratégique renforce la position de Tether sur le marché de la cryptographie, reflétant l'évolution du paysage des émetteurs de pièces stables s'engageant dans diverses activités de blockchain. La communauté crypto s’attend à de nouveaux développements de la part de cet acteur influent.

PS : N´oubliez pas si vous pouver me verser un petit pourboir pour me soutenir et m´encourager à continuer et merci.

#TETHER #BTC

🚨 BIG NEWS BY #TETHER ( $USDT )

Tether Steps Up Its Game…

Yesterday’s Tether has made a massive purchase, acquiring an additional 8,888.88 #Bitcoin  valued at $628 million.

Total Bitcoin holdings to an impressive 75,354 BTC ( $5.3 Billion in USD )

#CryptoNews $BTC $UNI $XRP
#Memecoins #BITCOIN #BTC