Author: Judith Faith

Article written by Judith Faith

Tether Reports $13B Profit for 2024

February 2, 2025 1 min read

Tether, the company behind the popular stablecoin USDT, reported impressive profits of $13 billion for the last year. This marked a record year for the firm. A significant portion of these profits, about $7 billion, came from their extensive holdings in U.S. Treasuries and repurchase agreements. Additionally, the company earned $5 billion from the increased value of its gold and bitcoin investments. Other investments contributed another $1 billion to the

US Marshals Miss Deadline on Silk Road Bitcoin Report

February 2, 2025 1 min read

The US Marshals Service (USMS) missed a deadline to provide information to Senator Cynthia Lummis about Bitcoin seized from the Silk Road case. Senator Lummis expressed concerns over the planned sale of about 69,370 Bitcoin, worth around $7 billion. She worried this could lead to financial losses for taxpayers and conflict with previous policies from the Trump administration. In her letter, Lummis pointed out that the USMS had previously sold

MicroStrategy launches Preferred Stock ($STRK)

January 31, 2025 1 min read

MicroStrategy ($MSTR) is introducing Preferred Stock ($STRK) to raise capital. The company plans to sell 2.5 million Preferred Shares at $100 each, totaling $250 million. Each Preferred Share can be converted into 1/10th of a Class A Common Share, making the conversion price $1,000 per Common Share. Investors will receive an 8% annual dividend based on the liquidation value. For a Preferred Share worth $100, this means an annual earning

Jupiter buys majority stake in Moonshot

January 27, 2025 1 min read

At the ‘Catstanbul 2025’ event, Solana DEX aggregator Jupiter (JUP) made significant announcements. The event, named after its Turkish location and founder ‘Meow,’ highlighted Jupiter’s recent $600 million community airdrop called ‘Jupuary.’ Jupiter introduced a ‘V2’ redesign of its platform, which is now in beta. New features include a real-time slippage estimator, an ultra mode, and smart trigger orders. Meow stated that these features will be rolled out in the

Ethereum’s Etherealize aims to connect blockchain with traditional finance

January 24, 2025 2 mins read

Ethereum has introduced a new initiative called Etherealize, led by Vivek Raman, to integrate traditional financial institutions into the blockchain world. This program aims to create tools that make it easier for banks and financial firms to adopt Ethereum, which is the second-largest blockchain. The initiative has the support of Ethereum co-founder Vitalik Buterin and the Ethereum Foundation. Etherealize serves as a link between traditional finance (TradFi) and blockchain technology.

Trump’s inaugural priorities omit crypto, raising doubts

January 22, 2025 2 mins read

President Trump’s recent list of legislative priorities did not include cryptocurrency, raising concerns among crypto advocates. Despite his previous support for the industry, this omission has led to uncertainty about his commitment to crypto policies. During his campaign, Trump showed enthusiasm for the crypto community. He endorsed the industry at a conference in Nashville and even created a Solana-based meme coin. Additionally, he hosted a “Crypto Ball” event that attracted

Wyoming lawmakers propose a bill to allow state funds to be invested in Bitcoin

January 19, 2025 1 min read

Wyoming lawmakers have proposed “House Bill 0201” (HB0201), allowing the state treasurer to invest up to 3% of certain state funds in Bitcoin. These funds include the general fund, permanent mineral trust fund, and permanent land fund. The bill permits investments through direct Bitcoin purchases or regulated Bitcoin exchange-traded products (ETPs) from registered investment companies. To maintain transparency, the state treasurer must provide annual reports on Bitcoin investments. These reports

TRUMP surpasses Pepe and Shiba Inu to become the second-largest meme coin

January 19, 2025 1 min read

TRUMP, a new meme coin launched by President-elect Donald Trump, has quickly become the second-largest meme token by market cap, surpassing Pepe (PEPE) and Shiba Inu (SHIB). As of now, TRUMP has a market cap of around $13.5 billion, trailing only Dogecoin (DOGE), which stands at around $54 billion. The token was introduced on Truth Social and X just two days before Trump’s inauguration, symbolizing his ideals and a celebration

Oklahoma and Texas propose Bitcoin reserve bills

January 17, 2025 2 mins read

Lawmakers in Oklahoma and Texas are pushing forward with proposals to create Bitcoin reserves, reflecting the rising acceptance of Bitcoin (BTC) in public finance. This trend is part of a larger movement as various US states explore the integration of Bitcoin into their financial frameworks. In Texas, State Senator Charles Schwertner has introduced bill SB 778, which aims to designate Bitcoin as a reserve asset. This would enable the state

Trump considers establishing a US-based crypto reserve

January 17, 2025 1 min read

Former President Donald Trump is exploring the idea of establishing a US-based cryptocurrency reserve. This initiative could significantly integrate digital assets into the national financial system. Initial talks indicate that the reserve may focus on key crypto like Solana and XRP, suggesting a shift in the US government’s stance on blockchain and crypto technology. Although details are still emerging, this move could represent a major advancement in the national adoption

Analysts and Ripple executives anticipate the approval of a spot-based XRP ETF

January 15, 2025 2 mins read

Analysts and Ripple executives anticipate the approval of a spot-based XRP ETF. Ripple has faced significant regulatory challenges, particularly in its legal battle with the SEC. CTO David Schwartz discussed the company’s media strategy during this time, highlighting the struggle against misinformation while navigating legal complexities. Recently, there has been growing speculation about the approval of a spot-based XRP ETF, with analysts and Ripple executives optimistic about its potential to

Indian Railways issues NFT-based train tickets

January 14, 2025 1 min read

Indian Railways is set to introduce NFT-based train tickets for the MahaKumbh Mela 2025, collaborating with Chaincode Consulting. These tickets, minted on the Polygon blockchain, enhance the travel experience for millions attending this significant Hindu pilgrimage. The MahaKumbh Mela occurs every 144 years in Prayagraj, Uttar Pradesh, and is recognized by UNESCO as a World Heritage of Humanity. The use of non-fungible tokens (NFTs) for ticketing combines tradition with modern