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On July 31, 2024, Tether released its attestation for the second quarter of 2024, revealing an unprecedented financial performance. Conducted by the global accounting firm BDO , the report highlights Tether’s record-breaking profit and substantial growth in treasury bill holdings. Tether Releases Q2 2024 Attestation: Reports Record-Breaking $5.2 Billion Profit In First Half Of 2024, Highest Treasury Bill Ownership Ever and Largest Ever Group Consolidated Equity At Almost $12 Billionhttps://t.co/G4pt0xp2bh — Tether (@Tether_to) July 31, 2024 Record-Breaking Profits The report confirms that Tether achieved a remarkable net operating profit of $1.3 billion for Q2 2024, contributing to a total profit of $5.2 billion for the year’s first half. This marks Tether’s highest-ever profit, showcasing the company’s strong financial performance in recent times. “With the second quarter attestation of 2024, Tether has once again demonstrated its unwavering co...

Shiba Inu (SHIB) is undergoing a significant price correction, falling 2.3% in the daily charts, 4.1% in the weekly charts, nearly 17% in the 14-day charts, and 6.3% over the previous month. Source: CoinGecko Also Read: Shiba Inu: Can $500 Worth Of SHIB Become $1 Million by 2030? The correction is likely due to Bitcoin (BTC) falling below $66,000. On the other hand, BTC’s dip is probably because of investor fears around the US government moving over $2 billion worth of the token. Investors most likely anticipate a selloff from the US government, similar to the German government earlier in July. For novice investors looking to get into the cryptocurrency sector, the low prices can be a decent starting point. At the moment, SHIB is trading at $0.000016. This implies that you can become a SHIB millionaire by purchasing one million SHIB tokens for just $16. How much will $16 worth of Shiba Inu become in 2030? Source: Pixabay Many analysts anticipate SHIB to hit new highs over the next...

After over a decade of suspense, creditors of the defunct Mt. Gox Bitcoin (BTC) exchange have finally begun receiving long-awaited payouts this month.  Data from research firm Glassnode shows that as of Tuesday, 59,000 of Mt. Gox’s 142,000 BTC had already been distributed to creditors via the Kraken and Bitstamp exchanges, with another 79,600 BTC to follow soon. Muted Selling Pressure Expected? According to a recent report by Glassnode, the total recovered coin volume amounts to over 141,686 BTC, with nearly 59,000 BTC already finding their way to creditors and the remaining sum awaiting distribution .  Kraken and Bitstamp have been entrusted as one of the five designated exchanges responsible for managing and disbursing these funds. Kraken has received 49,000 BTC and Bitstamp the initial tranche of 10,000 BTC. Notably,...

Saudi Arabia ’s state-run oil firm Aramco is the most profitable company in the world beating Apple, Microsoft, Google’s parent company Alphabet, and Tesla by a large margin. Its profit in pre-tax income stands at $247.43 billion while Apple is at $114.3 billion. Here, we are talking only about profits pre-tax income and not market cap as a whole. When it comes to market cap, Apple takes the top spot with $3.346 trillion while Aramco is at $1.788 trillion. Also Read: Data Breach: US Banker Drains $2.3 Million From Customers Accounts That being said, Saudi Arabia’s Aramco is also miles ahead of its competitors in the global oil sector. American oil giants are nowhere close to Aramco’s reserves as it is four times bigger than six US oil companies combined. In this article, we will highlight how much oil reserves Saudi Arabia’s Aramco boasts in the global sector. Saudi Arabia’s Aramco: The Global Oil Leader Source: oilandgasmiddleeast.com Saudi Arabia ...

Popular meme coin Dogwifhat (WIF) has lately attracted attention because of its market performance. Over the last week, its value dropped by around 5%; but, over the prior month it sustained a 22% rally. Dogwifhat, which now commands a 0.10% portion of the market and has a market cap of $2.47 billion, is valued at $2.50. Related Reading Bitcoin On Fire: 20% Surge In 3 Weeks Teases Record-Breaking Potential 10 hours ago Bullish Indicators Start To Show Recent comments on WIF’s potential price trajectory from crypto analyst Crypto Scient show a somewhat bullish view. Dogwifhat has displayed notable positive signs in its market structure, claims the analyst. Establishing this as a new support zone, the coin has effectively regained and turned a key 1-day support and resistance level at $2.25. $WIF, Starting to look good again as the d...

Pepe Un chain ed ($PEPU) has hit a major milestone yet again in its presale, raising $6.2 million and gearing up with enough momentum to end July with a bang. This next-level Pepe meme coin, with its own Layer 2 on Ethereum, just wrapped up a weekend of impressive presale activity, with a whale reportedly making a splash by buying nearly $200,000 worth of $PEPU. Since Friday, Pepe Un chain ed has racked up over $600,000 and is looking to eclipse $7 million in the coming days. Right now, contributors can grab $PEPU at just $0.0087344 per token, but this price will rise to $0.00876930 in less than 18 hours. At these prices, $PEPU is still a bargain as the current buzz is just a taste of the massive investor interest that will soon follow once it hits major exchanges. Meme Coins Climb As Bitcoin Closes On $70,000 – Pepe Unchained Outpaces Predecessors At $69,647, Bitcoin is within reach of its all-time high. The top cryptocurrency...

The crypto market has received more bullish news from the Bitcoin conference in the last 24 hours as the former president of the United States, Donald Trump, backs the U.S. Bitcoin Reserve. Bitcoin has seen a substantial rally since Donald Trump’s speech at the rally, and investors anticipate further moves to the upside in the coming weeks.  Another notable shift in the crypto market in the last 24 hours comes from the top trending cryptocurrencies on the DEXTools. The tokens on the list have seen an impressive uptrend today compared to the general performance in the market, and today’s post uncovers the influence behind the move. Top Trending Crypto Coins on DEXTools This post equally explores the WienerAI presale offering of its native cryptocurrency, the WAI token. The program ends on the 31st of July, which means that the crypto community only has 2 days to join the movement. This article analyses the uniqueness of the project and provides detailed insight into i...

In the current global crypto market trend, Bitcoin is making headlines . As the Bitcoin 2024 conference unfolds in Nashville, Bitcoin’s price has surged past $67,000, climbing from around $65,000. The spotlight on Bitcoin is strong, with $31.1 million flowing into spot Bitcoin ETFs on Thursday. Adding to the excitement, Jersey City Mayor Steven Fulop announced a 2% pension fund allocation to Bitcoin ETFs. Meanwhile, Michigan’s $6.6 million investment in the ARK 21Shares Bitcoin ETF highlights growing institutional interest.   Biggest Crypto Gainers Today – Top List Turning our attention to today’s top crypto gainers , Conflux, Band Protocol, eCash, and JasmyCoin are leading the charge. Firstly, Conflux stands out with its scalable blockchain innovations, boasting an 18.71% surge in just 24 hours. In addition, Band Protocol shines with its data oracle solutions, recently seeing a 13.91% increase. Meanwhile, eCash enhances transaction efficiency, rising by ...