Tether posts $1.5B Q2 profit as reserves halve to $4.1B
Tether keeps printing record operating profits while the equity cushion that backstops USDT shrinks, leaving $4.1B against $183.6B of liabilities and a treasury now heavy in gold and BTC.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
Tether keeps printing record operating profits while the equity cushion that backstops USDT shrinks, leaving $4.1B against $183.6B of liabilities and a treasury now heavy in gold and BTC.
Perps dominate with $200B+ daily volume and brutal margin efficiency, but funding-rate exposure and exchange insurance-fund blowups remain the hidden costs traders say most users underprice.
TD Cowen and Benchmark keep buy ratings on MSTR after Q2, but split on price as the $8.2B loss and a five-week BTC buying pause push STRC preferred back to par as the main goal.
Nearly 600 BTC were stolen from a flaw in Coldcard's firmware that let attackers reconstruct wallet seeds, reopening the case that institutional products like BlackRock's IBIT now make more sense for…
Strategy's BTC Yield slides, Metaplanet trades below its coin stash, and a clutch of European treasury newcomers are asking public markets to fund them on terms nobody has priced yet.
Krishna's timeline pulls commercial quantum computing inside the half-decade window, with Alphabet, IonQ and Rigetti in the race and crypto watching the long-term encryption threat.
The Treasury Secretary publicly leans on Bitcoin's founder to break a year-long stall on the market-structure bill already passed by the House.
The treasury-trade playbook that lifted Strategy's stock for two years is cracking: dilution is no longer rewarded, and a biotech is the latest to test how far shareholders will stretch.
Institutional options selling, capital rotating into AI, and stalled U.S. market structure legislation are all capping Bitcoin's upside, per STS Digital CEO Maxime Seiler.
Senators Tillis and Gallego shipped the latest ethics proposal to the White House this morning, and Senator Lummis took to the Senate floor to lobby colleagues as a Senate vote moves into view.
The new S&P Pantera Digital Asset Index screens 18 tokens by protocol revenue and a $500M market-cap floor, and the omission of BTC and XRP signals Wall Street is finally judging altcoins the way it…
An $8.2B Q2 loss, 40% Bitcoin drawdown, and forced STRC margin sales exposed how the perpetual preferred has become both the growth engine and the cheapest way to break the balance sheet.
Volume has grown 1,472x since the start of 2025, and perps now handle 13x the trading that tokenized spot does on the same assets, putting the 24/7 product ahead of Wall Street's tokenization push.
The scale, the IRGC tie, and Binance's mention put the story on the desk of every compliance team running a sanctions program against Iran-linked crypto flows.
OFAC's designation of Persian Gulf Marine Insurance and HormuzSafe puts every foreign shipper paying in BTC on the wrong side of US secondary-sanctions exposure, in a chokepoint already pricing…
The $1.17B put is now larger than every call on the board, after bullish $70K and $72K strikes were largely wiped out in Friday's $10B expiry, and August's historical -7.51% median hasn't helped.
When Wintermute's first-half OTC book flipped from retail-led to institution-led, broad altcoin beta broke. The trade has moved from screen to OTC, and the tape shows it.
The BoJ's July hold leaves real yen yields deeply negative, and once Tokyo's verbal intervention stops jawboning the dollar lower, the unwind of yen-funded crypto carry trades becomes the next tail…
The monthly picture still looks strong, with the CoinDesk 20 up 8.7% in July, but the final-session price action is the opposite story: hawkish Fed comments, Middle East tensions, and a $60K put…
The 149,000 BTC contracts and 435,000 ETH contracts clearing today carry a combined notional near $10.5B, with both assets showing call-heavy positioning that signals traders are paying up for…
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Tether posts $1.5B Q2 profit as reserves halve to $4.1B" — read at /en-US/a/tether-posts-15b-q2-profit-as-reserves-halve-to-41b.