Tether slows gold purchases to 6 tons in the first quarter
Tether slows gold purchases to 6 tons in the first quarter
Tether slows gold purchases to 6 tons in the first quarter Read More »
AIMCo makes paper profit of $69 million on Strategy bets
Alberta Investment Management Corporation (AIMCo) purchased 1,382,000 shares of Strategy (MSTR) for $172,473,600, according to its first quarter 13F filing. This implies an average cost of about $125 per stock. Since MSTR has risen to about $175, this position would now be valued at about $241 million, representing an unrealized gain of about $69 million.
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Tom Lee’s BitMine secures an additional 10,000 ether from the Ethereum Foundation
The Ethereum Foundation has sold another 10,000 ether (ETH) in an over-the-counter deal to Tom Lee’s BitMine (BMNR), continuing a string of treasury sales this year. In a post on X on Friday, the organization said it completed the sale at an average price of $2,292.15 per token, implying proceeds of about $22.9 million. The
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A new narrative of bitcoin that will last
Those looking for fresh stories surrounding bitcoin are becoming so desperate that they border on madness. A popular crypto account on X recently suggested that gold will be displaced by bitcoin because we’re going to build data centers on the moon, which will then enable us to, I suppose, mine gold on asteroids or something
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Tether posts $1.04 billion in first quarter profit, reaches $8.23 billion reserve buffer
Tether, issuer of the largest stablecoin by market capitalization, said first-quarter net profit was $1.04 billion and excess reserves rose to a record $8.23 billion. The company has not provided figures for the previous year or the fourth quarter. It reported a net profit of more than $10 billion for all of 2025. The amount
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AI Agent Gets EIN from IRS, Bank Account, Crypto Wallet in First Standalone Business Filing
ClawBank, an agent financial infrastructure project, said its Manfred AI agent became the first such entity to independently set up a company, filing its own Employer Identification Number (EIN), a unique code that makes it legal to operate as a business, hire staff and obtain licenses. The agent also has an FDIC-insured U.S. bank account
Bitcoin (BTC) Takes Another $80,000 Target As Stocks Rise, Oil Falls On Iran Optimism
Bitcoin BTC$77,111.57 moved higher on Friday, extending gains as US markets opened and risk appetite improved. The largest cryptocurrency is now up nearly 3% over the past 24 hours, continuing a rise that began overnight. It last traded at $78,722, again approaching $80,000. Earlier this week, bitcoin approached that level but failed to break through
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Bitcoin (BTC) market cap to reach $16 trillion by 2030, driven by institutional demand: Ark Invest
Bitcoin BTC$78,700.01the largest cryptocurrency, is set to soar over the next four years, boosting its market value to $16 trillion by 2030, Ark Invest said in its annual research report, Big Ideas. The more than 10-fold growth – the market capitalization is currently around $1.5 trillion – will be driven by accelerated institutional adoption and
Bittensor (TAO) rises 5.5%, leading the index higher
CoinDesk Indices presents its daily market update highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2090.4, up 1.3% (+26.17) since 4 PM ET Thursday. Sixteen out of 20 assets are trading higher. Leaders: TAO (+5.5%) and BTC (+1.9%). Backlog: ICP (-0.7%) and DOT (-0.4%).
Bittensor (TAO) rises 5.5%, leading the index higher Read More »
SBI Holdings is eyeing a stake in crypto exchange Bitbank to build a digital asset powerhouse
Japanese financial conglomerate SBI Holdings plans to acquire a stake in Bitbank, one of the country’s largest crypto exchanges. The Tokyo-based broker submitted a Letter of Intent to Bitbank Co., Ltd. regarding the purchase of the exchange’s shares with the aim of making it a consolidated subsidiary, according to an announcement on Friday. SBI is