Day: January 30, 2026

Tether reports $10B profit in 2025 as USDT circulation surges past $186B

admin

Tether, the world’s largest stablecoin issuer, reported more than $10 billion in net profit for 2025 as USDT circulation climbed above $186 billion by year’s end, according to its Q4 2025 attestation report. Total reserves rose to nearly $193 billion, continuing to exceed liabilities, with excess reserves reaching $6.3 billion. Nearly $50 billion in new USDT was issued during 2025, with roughly $30 billion minted in the second half alone as demand surged across payments, trading, and emerging markets. Tether’s exposure to US Treasuries reached fresh records, with direct holdings…

SoFi Reports Record Q4 Earnings as Crypto, Stablecoin Push Expands

admin

SoFi Technologies reported record fourth-quarter revenue of $1 billion as the US fintech bank reintroduced consumer crypto-based products. According to its earnings report released Friday, adjusted net revenue rose 37% year-on- year to $1 billion, while GAAP net income reached $173.5 million in the last quarter. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 60% to $317.6 million. SoFi reported total fee-based revenue of a record $443 million for the quarter, and total members grew about 35% to 13.7 million. SoFi added 1.6 million new products in the…

European Commission Calls on 12 Countries to Implement Crypto Tax Rules

admin

The European Commission said it will send formal notices to 12 countries for failing to fully implement the EU’s tax reporting rules for digital assets. In its January infringements package released on Friday, the commission, which serves as the European Union body responsible for proposing legislation and ensuring member states follow certain laws and regulations, said Belgium, Bulgaria, Czechia, Estonia, Greece, Spain, Cyprus, Luxembourg, Malta, the Netherlands, Poland and Portugal would face letters of formal notice “to fully implement the new tax transparency and information exchange rules on crypto-assets.” Citing…

Coinbase and JPMorgan CEOs Clashed over Market Structure Bill at Davos

admin

JPMorgan Chase CEO Jamie Dimon reportedly confronted Brian Armstrong during a coffee chat at Davos last week, telling the Coinbase CEO to stop lying about banks trying to sabotage the digital asset market structure bill under consideration in the US Congress. According to a Thursday report from The Wall Street Journal, the confrontation between Dimon and Armstrong occurred at the World Economic Forum last week when the Coinbase CEO was having coffee with former UK Prime Minister Tony Blair. Dimon reportedly interrupted Armstrong, saying the CEO was “full of s—,”…

Vitalik Buterin commits $45M in ETH as Ethereum Foundation enters ‘austerity phase’

admin

Ethereum co-founder Vitalik Buterin announced today that the Ethereum Foundation has entered what he described as a period of “mild austerity” as the organization prioritizes long-term sustainability and an aggressive technical roadmap. As part of the shift, Buterin said he has withdrawn 16,384 ETH, worth approximately $44 million at current prices, from his personal holdings to fund open-source, secure, and verifiable technology projects. The capital will support work across finance, communications, governance, operating systems, secure hardware, and privacy-preserving infrastructure over the coming years, via Buterin’s official X account. Buterin said…

Gold Takes the Lead as Dollar Slides, BTC Recast as Companion

admin

Bitcoin (BTC) has long been promoted by its most ardent supporters as a hedge against monetary debasement, but as the US dollar slides to multi-year lows, the market’s clearest flight to safety is emerging elsewhere: in gold. Over the past year, investors have rediscovered the precious metal through both traditional channels and blockchain rails. Tokenized gold products like XAUt are gaining traction alongside spot prices, offering digital-native exposure to a centuries-old safe haven as inflation concerns and currency stress intensify. Bitcoin is still very much in the picture, though increasingly…

CZ Rejects Claims Binance Fueled Historic Crypto Liquidation Crash

admin

Former Binance CEO Changpeng “CZ” Zhao has pushed back against allegations that the cryptocurrency exchange played a role in the largest liquidation event in crypto history, a sell-off whose effects are still rippling through markets more than three months later. Speaking during a Q&A session on Binance’s social media channels, Zhao denied that Binance was a major contributor to the record wave of forced liquidations on Oct. 10, when roughly $19 billion in positions were wiped out across the crypto market. Zhao described claims that Binance was responsible for the…

Bitcoin Loses Ground in Global Asset Rankings After Violent Selloff

admin

Bitcoin’s sharp reversal this week has pushed it outside the world’s 10 largest assets by market capitalization, underscoring how difficult price action has been in recent months as markets continue to digest the cryptocurrency industry’s largest forced liquidation on record. Hovering around $83,000 per coin, Bitcoin’s (BTC) market capitalization has slipped to about $1.65 trillion, ranking it 11th globally. That places it just behind Saudi Aramco, the state-run oil giant, and below Taiwan Semiconductor Manufacturing Co. (TSMC), according to market data trackers. By contrast, gold has surged to the top…

$6 Billion Bitcoin Short Positions May Fuel Rally Back Above $90K

admin

Bitcoin’s (BTC) price has dropped 14.5% in the past 16 days, pushing the Crypto Fear & Greed Index to 16 (Extreme Fear), which is its lowest rating year-to-date. Crypto Fear & Greed Index. Source: alternative.me While selling has dominated markets over the past two weeks, Bitcoin derivatives data suggest the current trader positioning may lead to a recovery. Analysts are now weighing whether the latest sell-off has created conditions for a relief rally.  Key takeaways: Binance open interest has climbed more than 30% from its October 2025 lows, confirming rising…

Kraken-Backed SPAC Closes $345M Nasdaq IPO

admin

Kraken-backed KRAKacquisition Corp has completed an upsized $345 million initial public offering, listing its special purpose acquisition company units on Nasdaq to pursue future mergers or acquisitions. According to a Friday announcement, the special purpose acquisition company (SPAC) sold 34.5 million units at $10 each, including the full exercise of the underwriter’s over-allotment option. Each unit consists of one Class A ordinary share and one-quarter of a redeemable warrant exercisable at $11.50 per share. The units began trading on the Nasdaq Global Market under the ticker symbol KRAQU on Wednesday.…