China

Tether taps Deloitte for first USAT reserve report

Tether has engaged Deloitte to conduct its first reserve report for the US Dollar Tether (USDT) stablecoin. This move is part of Tether's ongoing efforts to enhance transparency and bolster trust among users and regulators. The report will assess the company's reserves and ensure they are sufficient to back the USDT in circulation. Tether aims to provide greater clarity regarding its financial practices amid ongoing scrutiny in the cryptocurrency market. The completion of this report is expected to strengthen Tether's position as a leading stablecoin provider.

Read the full article: CoinDesk

Court Ruling Raises Risk of Nevada Trading Halt for Kalshi, Polymarket

A recent court ruling has increased the risk of a trading halt for Kalshi and Polymarket, two platforms that facilitate prediction markets. The decision stems from concerns over the legality of their operations under U.S. law, which could classify their offerings as illegal gambling. Both companies are now facing

Bitcoin falls below $67,000 as U.S. equities slide and oil pushes higher

Bitcoin has dropped below $67,000 as U.S. stock markets experienced a decline, influenced by rising oil prices. The cryptocurrency's fall reflects broader market trends, with investors reacting to economic uncertainties. Analysts suggest that the combination of higher oil costs and stock market volatility is impacting Bitcoin&

Circle Stock Extends Double-Digit Gains Amid Broader Crypto Rally

Circle's stock has seen significant double-digit gains as the cryptocurrency market experiences a broader rally. The company's positive performance is attributed to increasing investor confidence and rising demand for its USDC stablecoin. This surge in stock value reflects a growing interest in digital assets and the

Japan prime minister Sanae Takaichi disavows Solana meme coin after it crashes by 75%

Japan's Prime Minister Sanae Takaichi has publicly disavowed a Solana-based meme coin following a significant crash of 75% in its value. The coin, which gained popularity among investors, faced a sharp decline, prompting Takaichi to distance herself from it. She emphasized the importance of regulatory oversight in the

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Court Ruling Raises Risk of Nevada Trading Halt for Kalshi, Polymarket

Bitcoin falls below $67,000 as U.S. equities slide and oil pushes higher

Circle Stock Extends Double-Digit Gains Amid Broader Crypto Rally

Japan prime minister Sanae Takaichi disavows Solana meme coin after it crashes by 75%