Coindesk

Tether, the crypto company behind the largest stablecoin USDT, said on Friday it generated $13 billion group-wide net profits last year in a record-breaking year.Some $7 billion of the profits derived from the firm's vast U.S. Treasuries and repo holdings, and $5 billion from unrealized appreciation of the company's gold and bitcoin (BTC) holdings. Other investments contributed $1 billion.According to the company's latest quarterly attestation signed by accounting firm BDO Italy, the group's stablecoin issuer arms Tether International Limited and Tether Limited disclosed $143.7 billion of assets in reserve against $136.6 billion in liabilities, adding up to $7 billion of excess reserves backing its stablecoins. Treasury bills in the reserve rose to $94.5 billion.The group also increased its bitcoin holdings...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3868.63, up 0.4% (+16.75) since yesterday's close.Fifteen of 20 assets are trading higher.Leaders: LINK (+4.6%) and ETH (+3.2%).Laggards: XLM (-3.2%) and XRP (-0.9%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Grayscale has rolled out a new trust offering exposure to dogecoin (DOGE), the asset manager announced Friday.“Dogecoin represents a paradigm shift in global financial accessibility,” Grayscale’s head of product & research, Rayhaneh Sharif-Askary, told CoinDesk. “Its low transaction costs and rapid transfer speeds make it an optimal vehicle for international remittances, particularly in regions with underdeveloped banking infrastructure.”The launch of the Dogecoin Trust comes only weeks after President Trump — who (likely with an assist from Elon Musk) named one of his newly formed groups the Department of Government Efficiency (D.O.G.E.) — took office with the promise of promoting the crypto industry.Since the Trump election victory, several asset managers have filed applications for memecoin exchange-traded funds (ETFs), including DOGE, an...

By Omkar Godbole (All times ET unless indicated otherwise)The crypto market is treading water and the biggest cryptocurrency, bitcoin, is taking a bull breather. Its upward momentum is getting stifled by Trump's renewed tariff threats, which are also sending gold prices soaring to record highs and propping up demand for the U.S. dollar.But there is action in some corners of the market. The VIRTUAL token popped after its recent listing on Upbit, and Hyperliquid's HYPE token has seen a 3% gain. Litecoin is also making waves, with its perpetual futures open interest on centralized exchanges climbing to 5.19 million LTC, the most since Dec. 9, according to Coinglass. The surge hints at fresh capital flowing into the market, likely fueled...

As it stands, January is tied as the second-best performing month for bitcoin (BTC) in the past ten months, surpassed only by November 2024, which saw a 37% surge in price after President Trump's victory in the U.S. election. It shares second-place with May 2024, both recording an 11% gain, according to Coinglass data. On average, January sees around a 4% gain and has been historically one of the best performing months in past years, with five of the past six January's registering a green month.This January has been eventful with President Donald Trump taking office and pushing out many pro-crypto policies.Looking ahead, February has historically been the third best performing month for bitcoin, registering an average of 16%. Only...