Tether posts $1.5 billion operating profit in Q2 as reserve buffer falls by half
The world’s largest stablecoin issuer added 14 metric tons of gold and about 1,800 bitcoin to its reserves during the second quarter....
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Bitcoin drops to two week low near $62,000 as equities diverge
Bitcoin fell 3.5% to $62,369 on Friday, reaching its lowest level in over two weeks amid month-end volatility. While Asian markets saw a massive rebound led by South Korea's KOSPI index surging 17.9%, US equities stagnated and dragged crypto sentiment down. Despite a strong July gain of 8.5%, analysts warn that historical bear-market patterns could trigger further downside in August as key resistance levels remain unbroken.
IBM expects quantum computing revenue by 2028 as crypto monitors risks
Quantum computing is nearing commercial reality with expected revenue contributions by 2028, according to IBM CEO Arvind Krishna. The industry could unlock $1 trillion in value by the end of the 2030s, driving massive infrastructure investments. While Bitcoin miners explore high-performance computing expansion, the broader crypto market is closely tracking long-term security implications. However, experts note blockchain developers are actively building quantum-resistant encryption to neutralize potential future threat vectors.