Tether posts $1.04 billion Q1 profit, reaches $8.23 billion reserve buffer
Tether reported $1.04 billion Q1 profit with record $8.23 billion excess reserves, holding $192 billion in assets against $183.5 billion liabilities. USDT, the third-largest cryptocurrency, maintains stability as stablecoins gain traction in international payments. Tether's reserves include $20 billion in gold and $7 billion in bitcoin, positioning it as the 17th-largest U.S. Treasury holder globally.
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Riot Platforms Stock Pops as Bitcoin Miner Reports Data Center Revenue, Doubled AMD Deal
Riot Platforms stock surged after the Bitcoin miner reported substantial data center revenue and doubled its AMD processor deal. Bitcoin held steady near $78,247, reflecting broader market confidence. The expanded AMD partnership signals growing infrastructure investment in crypto mining operations, potentially benefiting hardware suppliers and major mining firms competing for computational capacity and efficiency gains.
Ethereum Foundation finalizes sale of 10,000 ether to BitMine as part of its treasury strategy
The latest transaction follows a similar March deal in which the foundation sold 5,000 ETH to BitMine, raising roughly $10.2 million....
