Tether’s First Half Profits Reach $5B
Tether, the issuer of a popular stablecoin, yesterday announced record net profits of $5.2 billion in the first half of the year, driven by the surge in the market cap of their flagship cryptocurrency, USDT.
SEC Charges BitClout Founder with Fraud
The US Securities and Exchange Commission (SEC) has accused BitCloud founder Nader Al-Naji of fraud for using investors’ funds to pay for luxuries, including rent for a mansion in Beverly Hills.
Trust Wallet Enters into Partnership with TON
Trust Wallet, a provider of self-custody Web3 wallets, has formed a partnership with The Open Network (TON) to increase the use of blockchain technology.
US Spot Ethereum ETFs Receive $34M
Investment flows into Ethereum exchange-traded funds listed in the United States have turned positive for the first time since their launch day, thanks to a decrease in outflows from the Grayscale Ethereum Trust.
Artists File Lawsuit Against SEC Over NFTs Considered Securities
Two artists, Brian Frye and Jonathan Mann, have filed a lawsuit against the US securities regulator to clarify whether non-fungible tokens (NFTs) fall under the commission’s jurisdiction.
One Trading Receives Dutch License to Offer Crypto Derivatives in EU
One Trading has recently obtained an Organized Trading Facility (OTF) license from the Dutch Authority for the Financial Markets (AFM).
Ethereum ETFs Lose $340M in First Week of Trading
During their first week of operation, spot Ether exchange-traded funds experienced negative net flows.
