Tether, the issuer of $140 billion stablecoin leader USDT, increased its Bitcoin holdings by $700 million. Tether added 7,629 Bitcoin ( BTC ) alued at approximately $700 million to its corporate crypto reserve address on Dec. 30, according to transaction data from on-chain insight provider Arkham. The ( USDT ) stablecoin operator now holds 82,983 BTC, worth $7.7 billion at current Bitcoin prices of $92,300. It also holds $6 billion of its U.S. dollar stable token and less than $300 million in its other stablecoins and Crypto.com’s CRO token. You might also like: USDT operator Tether hints at AI plan in 2025 In May 2023, Tether announced it would begin buying Bitcoin to diversify its portfolio and revenue streams. The company has also been accumulating BTC through its mining operations. As of press time, CEO Paolo Ardoino had not confirmed whether the latest BTC addition was purchased outright or generated from its mining business. Paolo Ardoino, the firm’s CEO, has expressed ambitions to venture into other technological sectors, including artificial intelligence and energy. According to a previous report, Tether could bring some of its artificial intelligence plans to fruition by early 2025. The British Virgin Island-incorporated firm also backs AI startup Northern Data Group and other technology-focused entities. Tether ♥️ Bitcoin https://t.co/Snakxf4SO1 — Paolo Ardoino ???????? (@paoloardoino) December 21, 2024 Other crypto-savvy companies are also bolstering their Bitcoin reserves. MicroStrategy recently acquired $209 million worth of BTC for its corporate treasury. Read more: AIXBT misreports FTX’s $13b creditor distribution
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Pump AI Challenges Virtuals, Focuses on Solana AI Agents with Meteora
Dubai, United Arab Emirates, January 2nd, 2025, Chainwire Pump AI aims to be a major driving force for adopting Meteora via its advanced AI-powered token generation ecosystem. The protocol enables anyone to create, manage, and issue tokens with a few AI prompts. This approach eliminates technical roadblocks like coding and blockchain adoption. Similar to what Virtuals and Pump Fun have already accomplished. Pump AI Has Major Backers and Integrations Industry leaders support Pump AI. The protocol has secured backing from Meteora, Ape Terminal, M3M3, and Cherry so far. Additionally, the project works directly with multiple bots including Photon, Maestro, and Banana Gun. These partnerships ensure new user flow. Pump AI is the New Meta for Token Launches Pump AI is the first and only AI-powered launchpad in the Meteora ecosystem. This liquidity layer for Solana has 300K+ active users and has helped the network expand its performance and developer community. Notably, Meteora is more than just integrating Pump AI, it’s one of its main backers. Due to this positioning, Meteora will help funnel its hundreds of thousands of daily users to Pump AI. This user flow will operate similarly to how PumpFun drew users from Raydium. The support from Meteora will drastically lower the average per-user acquisition cost for Pump AI and provide Pump AI with a major user catalyst and on-ramp. Pump AI is a Bonding Curve Launchpad Pump AI provides additional features for new projects seeking to enter the market. For one, it has variable bonding curves, or set marketcaps needed to open on Meteora. This structure allows token issuers to determine a preset value for their pool to hit before going live on the Meteora exchange. Notably, Pump AI can handle thousands of token launches, potentially equaling hundreds of millions in fees generated daily. Pump AI Leverages Meteroa’s DLMM and M3M3’s Staking Tech Pump AI integrates Meteora’s unique DLMM system for potential liquidity. The system pays out rewards generated from slippage and spreads derived from token liquidity. Additionally, the M3M3 stake-to-earn protocol rewards namecoin stakers for their potential liquidity and encourages long-term staking. What’s Next for Pump AI Pump AI plans to accelerate development and expand its ecosystem. Key upcoming milestones include its Token Generation Event, the release of the AI powered Launchpad, partnerships with more industry leaders, and collaborations with AI developers across the tech space. $PUMPAI Token has Multiple Streams of Value $PUMPAI is a versatile digital asset that operates as the main utility and rewards token for the ecosystem. Notably, trading fees from Pump AI go towards buybacks that get added to treasure troves. This strategy allows stakers to secure Pump Points, granting access to treasure troves containing $PUMAI tokens. Additionally, Pump AI will use a portion of all fees collected on the platform to buy back and burn $PUMPAI tokens. About Pump AI Pump AI is a leading Bonding Curve (set marketcap) Launchpad on the Meteora ecosystem, enabling projects to launch with customizable curves, high-throughput capacity, and integrations with Meteora’s advanced DLMM for optimized liquidity and user incentives. Pump AI leverages M3M3 staking technology to allow projects to easily enable staking and LP farming on Meteora’s DLMM. Meteora’s DLMM system allows people to earn $SOL rewards from the liquidity around their token as long as it’s paired with $SOL. Website: https://PumpAI.ag/ Twitter: https://x.com/pumpdotai Telegram: https://t.me/PumpdotAI Contact Founder Muhammad Ali Pump AI support@pumpai.ag crypto.news
Tether Delisting ‘FUD’ Having Zero Effect on USDT Reserves, According to CryptoQuant CEO
The CEO of digital asset analytics firm CryptoQuant is showing proof that demand for Tether ( USDT ) remains strong even as the largest stablecoin by market cap faces mass delisting. European crypto exchanges are pulling the plug on the dollar-pegged crypto asset to comply with the requirements of the Markets in Crypto Assets (MiCA) regulation that took effect on December 30th. Under the MiCA regulation, stablecoin issuers operating in the European Union (EU) need to obtain certain licenses to operate in the region, but Tether failed to meet this requirement. Data from CoinMarketCap shows that USDT’s market capitalization dropped from $140.5 billion to $138 billion over the past week as Tether braces for regulatory hurdles in the EU causing fear, uncertainty, and doubt (FUD) in the market. The asset also fell short of its 1-to-1 peg with the US dollar, as it trades for $0.998 at time of writing. But CryptoQuant CEO Ki Young Ju sees no significant impact on Tether. In a post on social media platform X, he shares a chart of USDT’s exchange reserves, which represents the number of USDT held in exchanges. For stablecoins, the increase in value indicates buying pressure. “Tether FUD: EU exchanges are delisting USDT ahead of MiCA. USDT is losing its power! Actual impact on exchange USDT reserves:” Source: Ki Young Ju/X Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Tether Delisting ‘FUD’ Having Zero Effect on USDT Reserves, According to CryptoQuant CEO appeared first on The Daily Hodl . crypto.news