Tag: crypto market news
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Tether Reports Record $13 Billion Profit in 2024, Driven by Bitcoin and Gold Price Surge
Tether, the issuer of the world’s largest stablecoin USDT, has announced a record-breaking $13 billion in group-wide net profits for 2024. The remarkable financial performance was largely fueled by the company’s extensive holdings in U.S. Treasuries, rising Bitcoin (BTC) prices, and gold investments. With this achievement, Tether continues to solidify its position as a dominant…
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Bitcoin Hits a New High as TrumpCoin Sparks Controversy in the Crypto Community
As Donald Trump prepares for his second inauguration as President of the United States, the cryptocurrency market is witnessing unprecedented dynamics. Bitcoin, the world’s largest cryptocurrency, surged past the $109,000 mark, reflecting a gain of over 5%. Meanwhile, a newly launched meme coin, TrumpCoin ($TRUMP), has ignited a firestorm of debate in the crypto community.…
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