Browsing: Tether
Tether claims $1.5B profit, but hidden math reveals a $4.2B hit that halved its safety cushion in 90 days
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Tether’s second-quarter materials report $1.5 billion in net operating profit, earned mainly from Treasuries and repo activity. However, the attached…
Biotech company asks shareholders to dilute stock by 951% to hoard illiquid crypto token instead of funding its own drug
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Enlivex, a Nasdaq-listed biotechnology company, is asking shareholders to authorize up to $800 million of financing tied to the RAIN…
BitMEX wipes out 35 derivatives as exchange shutdown approaches with punishing post-closure fees
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BitMEX settled 35 derivatives today, July 30, closing any remaining positions and canceling open orders as the exchange moved another…
Compromised owner contract just let hackers print 5.2 million WEMIX stablecoins out of thin air, forcing a complete network freeze
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The WEMIX team said compromised ownership of a contract tied to its WEMIX$ stablecoin enabled approximately 5.23 million tokens to…
Why two public companies quietly liquidated 511 Bitcoin in 24 hours to escape $31.7 million in debt
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KULR Technology Group, a US-listed battery technology company, and The Smarter Web Company, a UK-listed web services group with a…
Stablecoin supply has roughly doubled since January 2024, while entity-adjusted transaction volume has grown fourfold to fivefold, according to Coinbase…
Jack Mallers is stepping down as chief executive of Twenty One Capital to focus on Strike, while Twenty One and…
The UK’s designation of Iran’s Islamic Revolutionary Guard Corps took effect on July 17, creating a new criminal exposure for…
US turns stablecoin issuer Tether into a financial weapon against Iran, freezing nearly $500 million
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US authorities have used Tether’s control over its dollar-linked stablecoin to freeze about $475 million connected to Iran in less…
Bitcoin treasuries already faced two collateral calls in 2026 and some loans can liquidate after just 12 hours
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Public companies’ Bitcoin treasury reserves become something very different once pledged to lenders. They become collateral, measured against loan ratios…