Category: billion
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Tether’s Record-breaking $4.5 Billion Profit From US Treasuries
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In innovative quarter l Tether, the main source of stablecoin, The company reported net income of $4.5 billion, driven largely by its extensive holdings of U.S. Treasury securities. This achievement strengthens the company’s position as a major player in the cryptocurrency market and underscores the growing importance of stablecoins as…
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Grayscale Spot Bitcoin ETF Turns Positive After $17.5 Billion In Outflows, Sees Inflows For The First Time
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In a somewhat shocking development, Bitcoin Gray Box (GBTC) She recorded her first ever stream after watching Large daily flows Since its launch. Grayscale Bitcoin ETF records inflows of more than $60 million Grayscale’s Spot Bitcoin ETF finally broke its 82-day streak of outflows since its launch on January 11,…
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Coinbase Q1 Revenue Hit $1.6 Billion Amid ETF Approvals, Surging 72%
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Coinbase, the largest cryptocurrency exchange in the United States, released its earnings report for the first quarter of 2024, reporting total revenue of $1.6 billion, an increase of 72% quarter-over-quarter. The performance was driven by rising crypto asset prices and the launch of spot bitcoin ETFs in the US which…
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Alexander Vinnik Pleaded Guilty In $9 Billion BTC-e Crypto Laundering Case
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Image from the internet The cryptocurrency industry, already under scrutiny for money laundering and other illegal activities, is facing renewed attention in the Alexander Vinnik case. The Russian national has pleaded guilty to a massive $9 billion cryptocurrency laundering conspiracy linked to the defunct BTC-e exchange, highlighting the complex challenges…
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Whales Spark Rebound With Massive $2.8 Billion Purchase
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The past few weeks have been a rollercoaster ride for Bitcoin investors. Inflation fears and geopolitical tensions sent shockwaves through the cryptocurrency market, dragging Bitcoin and its altcoins to depths not seen since early 2024. Bitcoin, the world’s leading cryptocurrency, fell to a low of $56,500 this week. , which…
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Japan’s May 1 intervention may have cost $23.6 billion, BOJ data shows By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – Japanese officials may have spent about 3.66 trillion yen ($23.59 billion) on Wednesday in the latest attempt to pull the yen back from its lowest levels in nearly 34 years, Bank of Japan data showed on Thursday. The data showed that the Japanese…
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Sony, Apollo await response to $26 billion Paramount bid By Reuters
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By Don Chmielewski (Reuters) – Sony Pictures Entertainment and private equity firm Apollo Global Management (NYSE:) on Wednesday made a $26 billion offer for Paramount Global but had not yet heard back as of Friday, according to a person familiar with the matter. A special committee of Paramount’s board of…
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Ripple Unlocks 1 Billion XRP From Escrow
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On-chain data recently showed this ripple Implemented the monthly escrow opening for the month of May. As expected, this has raised concerns about how it will affect the price of XRP, especially since Ripple has been accused of doing so Token price manipulation. Ripple launches 500 million XRP tokens Onchain…