statis IN Watchlist

Nifty 50

Nifty Bank

Reliance Industries Ltd.

Zomato Ltd.

Tata Consultancy Services

Tata Motors Ltd.

HDFC Bank Ltd.

ITC Ltd.

Bitcoin

Adani Enterprises Ltd

Axis Bank Ltd

Bajaj Finance Ltd

statis US Watchlist

SPDR S&P 500 ETF

Invesco QQQ Trust Series 1

Apple Inc.

Tesla Inc

Microsoft Corporation

NVIDIA Corp

 Hey, I want to invite you to join Stocktwits. It’s the largest global community of active traders. You’ll get access to the real-time market insights, news, discussion and much more! You can sign up using my unique link below 
 


 has invited you to join Stocktwits

Only a few days after the just concluded halving event, Build on Bitcoin (BOB), is now live on its mainnet. This marks a significant advancement in Bitcoin L2 innovation. Build on Bitcoin Bringing the Best of Two Worlds The launch of Build on Bitcoin signifies a key moment in Bitcoin’s integration into Decentralized Finance (DeFi) The post Layer-2 Protocol Build on Bitcoin (BOB) Goes Live On Mainnet appeared first on CoinGape .

Layer-2 Protocol Build on Bitcoin (BOB) Goes Live On Mainnet

Former Binance CEO Changpeng Zhao (CZ) has expressed his gratitude to the crypto community for their support following his four-month U.S. prison sentence for pleading guilty to money laundering charges. “I will remain a passive investor (and holder) in crypto. Our industry has entered a new phase. Compliance is super important,” Zhao emphasized. CZ: Binance

Former Binance CEO CZ:  I Will Do My Time — Crypto Industry Has Entered a New Phase

US macroeconomic data impacts cryptocurrency markets. FED holds interest rates steady; Bitcoin and others analyzed. Continue Reading: How Does US Macroeconomic Data Affect Crypto?

How Does US Macroeconomic Data Affect Crypto?

The cryptocurrency market started to decline at the end of April and was in the red zone on the first day of May. So how does recovery come? Continue Reading: Is the “Sell in May” Event Real? Famous CEO Reveals the Event That Could Rally the Cryptocurrency Market

Is the “Sell in May” Event Real? Famous CEO Reveals the Event That Could Rally the Cryptocurrency Market

Bitcoin prices have suffered declines lately, falling to their lowest in over two months earlier today.

Bitcoin Prices Fell To Their Lowest Since February Today

Stablecoin issuer Tether, a prominent player in the cryptocurrency market behind the widely used USDT stablecoin, has released its audit statement for the first quarter of 2024, accompanied by a report conducted by independent accounting firm BDO. The report, which provides additional financial information beyond the reserves backing Tether’s fiat-denominated stablecoins, shows the company’s profit for the first quarter of the year, which saw an increased influx of capital into the market. Tether Q1 2024 Financials Soar Digging into the numbers, the first quarter of 2024 proved highly profitable for Tether, with a net profit of $4.52 billion. The main contributors, the entities responsible for issuing stablecoins and managing reserves, reportedly generated approximately $1 billion of this profit from net operating gains, primarily from US Treasury holdings. The remaining profits were attributable to mark-to-market gains on Bitcoin (BTC) and gold positions. Related Reading: Bitcoin Price Dips Below $57,000: 4 Key Reasons The report also highlighted Tether’s success in increasing its direct and indirect holdings of US Treasuries to over $90 billion. This includes indirect exposure through overnight reverse repurchase agreements collateralized by US Treasuries and investments in US Treasuries through money market funds. In a sign of significant growth, Tether also disclosed its net equity for the first time, revealing a figure of $11.37 billion as of March 31, 2024. This is an increase from the $7.01 billion equity reported as of December 31, 2023. The report also highlighted a $1 billion increase in excess reserves, which support the company’s stablecoin offerings, bringing the total to nearly $6.3 billion. CEO Emphasizes Transparency And Stability The BDO confirmation reiterated that Tether-issued tokens are 90% backed by cash and cash equivalents, underscoring the company’s stance on maintaining liquidity within the stablecoin ecosystem. Furthermore, the report revealed that over $12.5 billion worth of USDT was issued in the first quarter alone. Tether Group’s strategic investments, which exceed $5 billion as of the report date, span various sectors, including artificial intelligence (AI) and data, renewable energy, person-to-person (P2P) communication, and Bitcoin Mining. Related Reading: Machine Learning Algorithm Predicts Dogecoin Price For May 2024 In response to the latest report, Paolo Ardoino, CEO of Tether, expressed the company’s commitment to transparency, stability, liquidity, and responsible risk management. Ardoino highlighted Tether’s record-breaking profit benchmark of $4.52 billion and the company’s efforts to increase transparency and trust within the cryptocurrency industry. Ardoino further claimed: In reporting not just the composition of our reserves, but now the Group’s net equity of $11.37 billion, Tether is again raising the bar in the cryptocurrency industry in the realms of transparency and trust. Featured image from Shutterstock, chart from TradingView.com

Stablecoin Giant Tether Strikes Gold: Achieves Record Net Profit Of $4.5 Billion In Q1

The ZPL-powered zBTC token will allow Bitcoin holders to engage with the Solana DeFi ecosystem.

Solana-to-Bitcoin cross-chain bridge aims for Q3 2024 launch

Solana's meme coins see a remarkable surge, with top tokens like MANEKI and POPCAT outpacing Bitcoin amid market volatility. The post MANEKI and POPCAT soar by two digits while Bitcoin stumbles appeared first on Crypto Briefing .

MANEKI and POPCAT soar by two digits while Bitcoin stumbles

Bitcoin price rallied to $59,300 as the Fed opted to keep rates steady, signaling a cautious approach amid high inflation and economic indicators. The post Bitcoin swiftly rallied above $59,000 after Fed held rates steady appeared first on Crypto Briefing .

Bitcoin swiftly rallied above $59,000 after Fed held rates steady

Bitcoin's price dropped about 21% from its all-time high. Historical patterns suggest a potential fall to $50,000 soon. Continue Reading: Will Bitcoin Revisit the $50,000 Level Soon?

BTC.X Bitcoin

About

Feed

News

Sentiment

Fundamentals