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Tether reports record $4.52 billion profit in Q1 despite shrinking market share

Stablecoin issuer Tether (USDT) achieved a historic net profit of $4. 52 billion in the first quarter despite facing a significant drop in market share. Record net profit According to the attestation report shared with CryptoSlate, the firm’s substantial profits chiefly originated from its US Treasury holdings, supplemented by gains from its Bitcoin and gold investments. дальше »

2024-5-2 20:29


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Bitcoin falls below $57k as $13 billion in leveraged shorts placed on major exchanges

Since February, Bitcoin has fallen to its lowest price, breaking below $60,000 and hitting $56,900 as of press time. The price is now 23% below its recent pre-halving all-time high of $73,000. Data from Coinglass shows that Binance, the most liquid exchange for Bitcoin trading, has several buy walls in the order book down to […] The post Bitcoin falls below $57k as $13 billion in leveraged shorts placed on major exchanges appeared first on CryptoSlate. дальше »

2024-5-1 11:42


Cardano Whales Drive Surge In Large Transactions Amid Market Volatility

In recent days, Cardano whales have been actively engaged in the cryptocurrency market, conducting an average of $13.84 billion worth of large transactions daily over the past week. This notable volume places Cardano’s transaction activity at one-third of Bitcoin’s current volume, five times higher than Litecoin’s, and over sixteen times […] дальше »

2024-5-1 01:24


Cardano’s Mysterious Surge: What’s Behind The $13 Billion Daily Transaction Boom?

Cardano (ADA), the smart contracts platform known for its energy-efficient Proof-of-Stake consensus mechanism, has been generating buzz lately. On-chain data reveals a significant uptick in large transactions, hinting at a potential return of the whales – major investors who can significantly impact cryptocurrency prices. дальше »

2024-4-30 09:00


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Crypto set to hit 1 billion users by end of 2025, says analyst

Bitcoin analyst Willy Woo has presented a model that forecasts the cryptocurrency industry reaching its first billion users by the end of 2025. This prediction, detailed in a chart by Woo, represents a significant milestone in mainstream crypto adoption, indicating a potential major influx of capital and subsequent price appreciation for digital assets. Current user […] дальше »

2024-4-30 18:45