Reserves
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šØ News Alert šØ
ššIn a remarkable financial performance, Tether, the issuer of the widely-used #stablecoin USDT, has announced a profit of $5.2 billion for the first half of 2024.
š This significant achievement underscores Tether's robust position in the cryptocurrency market.The substantial profit primarily stems from interest earned on Tether's #Reserves , which are heavily invested in the U.S. Treasury bills.
š This financial milestone highlights the growing acceptance and utilization of #USDTć in the digital asset ecosystem, as well as Tether's effective management of its reserve assets.
š As stable coins continue to play a crucial role in the crypto economy, #tetherUsdt impressive profit figures reinforce its status as a #leadingplayer in the market
ššIn a remarkable financial performance, Tether, the issuer of the widely-used #stablecoin USDT, has announced a profit of $5.2 billion for the first half of 2024.
š This significant achievement underscores Tether's robust position in the cryptocurrency market.The substantial profit primarily stems from interest earned on Tether's #Reserves , which are heavily invested in the U.S. Treasury bills.
š This financial milestone highlights the growing acceptance and utilization of #USDTć in the digital asset ecosystem, as well as Tether's effective management of its reserve assets.
š As stable coins continue to play a crucial role in the crypto economy, #tetherUsdt impressive profit figures reinforce its status as a #leadingplayer in the market
šØ NEWS ALERT šØ
Bitcoin exchange #Reserves have dropped to their lowest levels since 2018, according to #blockchain research.
Data from an on-chain #ANALYSIS firm indicates that the supply of Bitcoin on exchanges has decreased significantly, suggesting that #investors are increasingly opting to hold their funds in Bitcoin rather than depositing them on trading platforms.
(šSource: #Coindesk )
Bitcoin exchange #Reserves have dropped to their lowest levels since 2018, according to #blockchain research.
Data from an on-chain #ANALYSIS firm indicates that the supply of Bitcoin on exchanges has decreased significantly, suggesting that #investors are increasingly opting to hold their funds in Bitcoin rather than depositing them on trading platforms.
(šSource: #Coindesk )
šØ News Alert šØ
š¢ Robert F. Kennedy Jr., a presidential candidate, has suggested an ambitious plan to match the United States' #gold reserves with Bitcoin
ā« This proposal involves the U.S. government acquiring #bitcoināļø to a value of $615 billion, equating to the current value of its gold holdings. This move would be unprecedented and could significantly impact the financial landscape, aiming to integrate #cryptocurrency with traditional #Reserves
š source : The street
š¢ Robert F. Kennedy Jr., a presidential candidate, has suggested an ambitious plan to match the United States' #gold reserves with Bitcoin
ā« This proposal involves the U.S. government acquiring #bitcoināļø to a value of $615 billion, equating to the current value of its gold holdings. This move would be unprecedented and could significantly impact the financial landscape, aiming to integrate #cryptocurrency with traditional #Reserves
š source : The street
šØ CRYPTO NEWS ALERT šØ
#marathondigital Stamps "Made in USA" on All Bitcoin Mined by #MaraPool
š¢ Marathon Digital has announced that it will now stamp "Made in USA" on all Bitcoin blocks mined by its U.S.-based MARA Pool.
This decision aligns with the company's commitment to keeping #BitcoinMining operations domestic.
š Additionally, Marathon continues to acquire and hold substantial amounts of Bitcoin as a treasury #Reserves asset, reinforcing its strategy to support and invest in the digital currency within the United States.
#marathondigital Stamps "Made in USA" on All Bitcoin Mined by #MaraPool
š¢ Marathon Digital has announced that it will now stamp "Made in USA" on all Bitcoin blocks mined by its U.S.-based MARA Pool.
This decision aligns with the company's commitment to keeping #BitcoinMining operations domestic.
š Additionally, Marathon continues to acquire and hold substantial amounts of Bitcoin as a treasury #Reserves asset, reinforcing its strategy to support and invest in the digital currency within the United States.
