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Tether was the 7th largest buyer of U.S. Treasuries in 2024. With $33.1 billion in purchases, surpassing countries like Canada and Mexico. This reflects Tether’s growing financial influence, enhancing its credibility by investing in transparent assets like U.S. Treasuries. The evidence leans toward this move integrating cryptocurrencies with traditional finance, potentially impacting market dynamics. Tether, the issuer of…
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President Trump announces new tariffs on auto imports, effective April 2, 2025. The tariffs triggered a market drop, with Bitcoin falling below $86k. Additional threats of larger tariffs for the EU and Canada fuel further concerns. Cryptocurrency markets face volatility as traders react to trade uncertainty. President Donald Trump revealed new tariffs aimed at boosting the U.S. automotive sector. The measure, which targets…
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GameStop’s stock likely jumped about 13% after announcing a Bitcoin investment strategy. With shares opening at $28.84 on March 26, 2025, from a close of $25.40 the previous day. The company plans to invest part of its $4.8 billion cash reserve in Bitcoin and stablecoins, following Strategy’s model. This move seems aimed at diversifying assets and attracting retail investors, given Bitcoin’s current price around $87,000. Resear…
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Ripple has agreed to pay the SEC $50 million to settle their case, closing a nearly four-year dispute. XRP is confirmed not to be a security under U.S. law. SEC has withdrawn from over 10 crypto enforcement cases, signaling a shift toward a more crypto-friendly regulatory approach. A new SEC Crypto Task Force was formed in January 2025 to develop a clear regulatory framework for digital assets. President Trump’s executive order…
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World Liberty Financial launched USD1, a stablecoin pegged to the US dollar. USD1 is backed by US government securities and cash and launched on Ethereum and BNB Chain. The stablecoin aims for institutional-grade stability, with a total supply of approximately $3.5 million, and is not yet tradeable. World Liberty Financial, a DeFi protocol founded in 2024 and backed by Donald Trump, unveiled USD1, a stablecoin pegged 1:1 to t…
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