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Tether Reports $2.4B Q3 Profits

Tether (USDT), one of the world’s leading stablecoins, has announced impressive financial results for the third quarter of 2024, reporting $2.4 billion in net profits. These profits are primarily derived from the company’s substantial holdings in U.S. Treasuries and gold, showcasing Tether’s robust asset management strategy and its significant role in the cryptocurrency ecosystem. CoinOtag

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Bitcoin ETFs Capture Over 50% of Gold ETF Assets in Less Than a Year, Indicating Shift in Investor Interest

In a remarkable development, spot Bitcoin ETFs have quickly captured a significant share of the market, harnessing over 50% of the total assets held by gold ETFs within just 10 CoinOtag