Tether Reports Record $2.85B Profit as Biggest Stablecoin Nears $100B Market Cap
The USDT stablecoin issuer held over $5.4 billion in excess reserves as of 2023 year-end, according to its latest attestation.Source
Global X Pulls Out of Spot Bitcoin ETF Application
Global X, one of the former contenders for a spot bitcoin exchange-traded fund (ETF), has withdrawn its application, according to a Jan 30 notice from Cboe BZX Exchange, which could have listed the fund.Source
Labour Wants UK to Be a Securities Tokenization Hub and Advance Digital Pound Work
The opposition party leads the polls in what’s likely to be an election year.Source
UK Police Seize Nearly $1.8B of Bitcoin From Investment Fraud in China: FT
A London court heard of the seizure Tuesday as part of the trial of Jian Wen, who is accused of laundering bitcoin on behalf of her former employer, Yadi Zhang, FT reported.Source
Ether Could Hit $4,000 With Likely Spot ETH ETF Approval in May: Standard Chartered
The British bank predicts that the SEC will eventually treat spot ether ETF applications similarly to bitcoin ETFs, putting May 23 as the expected date for an approval.Source
Bitcoin Price Nears $44K as ETFs See Net Inflows for First Time in a Week
The 10 spot bitcoin ETFs on Monday experienced their first net inflows in one week, helping to send the price of bitcoin to its highest level since the day after the funds began trading.Source
Thailand’s SEC Breaks New Ground in 2024 With Crypto-Friendly Rules
Thailand’s SEC has updated its rules by removing retail investors’ limits for asset-backed tokens, creating new rules for custodians and giving them a larger role in monitoring digital asset business.Source
Taproot Wizards Delays ‘Quantum Cats’ Sale for 2nd Time, After Messy Bitcoin NFT Debut
“We had big plans for mint day and we didn’t live up to your expectations of us and to our expectations of ourselves,” Taproot Wizards co-founder Udi Wertheimer posted on X.Source
Circle to Issue Its Stablecoin USDC on Celo Network to Boost RWA Capabilities
Celo, which is in the midst of transforming into an Ethereum layer 2 network, increasingly positions itself as a blockchain for real-world assets.Source
Web3 Payments Firm Transak Joins Visa Direct to Streamline Crypto-to-Fiat Conversion
The deal allows the Web3 payments infrastructure provider’s users in over 145 countries to easily convert crypto into local fiat currencies.Source