Tag: Breaking

Tether is spearheading a $150 million recovery package for Drift Protocol, contributing up to $127.5 million alongside $20 million from other partners. The initiative follows an April 1 exploit that drained approximately $270 million to $285 million from the Solana-based perpetual DEX. As part of the relaunch, Drift will pivot from USDC to USDT as its primary settlement asset for its 128,000 users. Tether has announced a strategic commitment...

BitMine Immersion Technologies posted a $3.82 billion net loss for the fiscal second quarter ended Feb. 28, 2026, primarily due to unrealized fair-value adjustments on its Ethereum holdings. The company now holds 4.87 million ETH, representing approximately 4.04% of the total circulating supply, as it nears its “Alchemy of 5%” ownership goal. Despite the net loss, quarterly revenue surged to $11.04 million, a 633% year-over-year...

Bitcoin exchange inflows reached their highest levels since late 2025, with over 65,000 BTC moved to platforms within 24 hours as prices tested $76,000. The share of large-holder deposits as a percentage of total inflows surged from under 10% to over 40%, signaling potential distribution by whales. Analysts identify the Traders’ On-Chain Realized Price at $76,800 as a critical psychological and technical barrier for current market...

President Trump’s nominee for Federal Reserve Chair, Kevin Warsh, disclosed assets valued between $131 million and $209 million. The filing reveals exposure to Polymarket, SpaceX, and a wide array of crypto projects including Solana, Optimism, and Blast. Warsh has pledged to divest from several private holdings and step down from corporate boards if confirmed by the Senate. Federal Reserve Chair nominee Kevin Warsh has disclosed a vast...

Tether has launched tether.wallet, a self-custodial mobile application designed to provide direct access to its financial ecosystem. The wallet supports Bitcoin (on-chain and Lightning), USDT, XAUT, and the new USAT across Ethereum, Polygon, and Arbitrum. Key features include gas abstraction, allowing users to pay transaction fees using the asset being sent, and human-readable @tether.me usernames. Tether, the issuer of the world’s largest...