Tether’s Q3 Net Profit Reaches $2.5B
According to its latest attestation report, Tether reported a $2.5 billion profit in the third quarter, bringing its total profit to $7.7 billion in the first nine months of 2024.
Paxos Launches a Stablecoin in Association with DBS Bank
Paxos, a company that specializes in regulated blockchain infrastructure, has recently announced the release of its new stablecoin, Global Dollar (USDG). This particular stablecoin is compliant with Singapore regulations and is backed by United States dollars that are reserved and managed by DBS Bank. The launch of USDG comes after Paxos previously launched another stablecoin, known as the Lift Dollar […]
MicroStrategy Plans to Acquire More Bitcoin
MicroStrategy has not made any new purchases of the cryptocurrency since mid-September.
NYSE Arca Wants to List Grayscale’s Crypto ETF
The Security Exchange NYSE Arca has filed a request with the SEC to list a new Grayscale ETF that will focus on a diverse selection of spot cryptocurrencies.
Canary Capital Files Application with SEC to Launch a Solana ETF
On October 30, Canary Capital submitted an application to the US Securities and Exchange Commission (SEC) for a spot Solana ETF (exchange-traded fund).
Consensys Fires 20% of its Workforce
Consensys has announced that it will be reducing its workforce by 20%.
Bitcoin ETFs Receive $870M in Inflows
Listed spot Bitcoin ETFs in the United States yesterday saw an increase of over $870 million in net inflows, making it the third-highest day for inflows since their launch in January.
