SoftBank, Ark Invest Among Potential Investors In Tether’s $15 Billion Funding Round
The industry’s largest stablecoin issuer, Tether (USDT), is reportedly in discussions with a series of leading firms including SoftBank Group and Ark Investment Management, for a significant funding round aimed at raising between $15 billion and $20 billion. This capital influx could potentially value the company at an astonishing $500 billion. Bloomberg News first reported…
Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
Tether, the issuer of the world’s largest stablecoin by market capitalization and trading volume, USDT, is reportedly seeking to raise between $15 billion and $20 billion through a private placement, potentially elevating the company’s valuation to around $500 billion. As recent reports highlighted on Tuesday, this ambitious financial maneuver could position Tether alongside some of…
FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
The FTX Recovery Trust is gearing up for its third distribution to creditors affected by the exchange’s significant collapse, with payments set to commence on September 30, 2025. FTX Trust Confirms Payments To Eligible Creditors According to the official statement, this distribution will be available to holders of allowed claims categorized under the Plan’s Convenience…
Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
Bitcoin (BTC) and cryptocurrency exchange Gemini (GEMI), founded by twins Tyler and Cameron Winklevoss, experienced a major debut on the Nasdaq, soaring nearly 40% following the company’s initial public offering (IPO), which raised $425 million. Gemini Success On Nasdaq Debut Based in New York, Gemini priced its IPO late Thursday above the anticipated range of…
SOL Strategies: The First Solana Treasury Company Listed On Nasdaq
In a landmark development for the Solana (SOL) ecosystem, SOL Strategies has received approval for its listing on the Nasdaq, marking a significant milestone as the first treasury company associated with SOL to achieve this status. The company is set to begin trading under the ticker symbol “STKE” on September 9, 2025. SOL Strategies Set…
Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
President Donald Trump is reportedly poised to open the $9 trillion retirement market to a range of alternative investments, including crypto, gold, and private equity. According to the Financial Times, this initiative is expected to be formalized through an executive order as early as this week. It seeks to diversify the investment options available within…
Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
On Wednesday afternoon, Bitcoin (BTC) surged to a remarkable all-time high (ATH) of $112,022, breaking free from its previous consolidation phase and lower resistance levels. Bitcoin Rally Faces Critical Test John Glover, the chief investment officer at crypto lending platform Ledn and a former managing director at Barclays Investment Bank, noted that the recent rally…
Coinbase Confirms DOJ Investigation Following Major Security Incident
The US Department of Justice (DOJ) has initiated an investigation into a significant security breach at Coinbase, the largest US-based cryptocurrency exchange. According to sources familiar with the matter cited by Bloomberg, the DOJ’s criminal division in Washington is examining the circumstances surrounding the breach, which has raised serious concerns about cybersecurity within the crypto…
Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence
Alexander Mashinsky, the former CEO of crypto lending firm Celsius, was sentenced to 12 years in prison on Thursday after pleading guilty to two counts of fraud. Celsius Mashinsky Faces Justice The proceedings took place before US District Judge John G. Koeltl in Manhattan’s Southern District, where Mashinsky faced the repercussions of what prosecutors characterized…
Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities
In a recent statement, the US Securities and Exchange Commission (SEC) provided insights into the classification of memecoins within the context of federal securities laws. This move, a part of the SEC’s attempt to make clear how these regulations apply to different assets, could prove to be a significant victory for these altcoins and the…