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Tether’s ‘Genius Idea:’ Launching aUSDT, a Gold-Backed Stablecoin with Higher Profit Potential
Tether’s ‘Genius Idea:’ Launching aUSDT, a Gold-Backed Stablecoin with Higher Profit Potential

Stablecoin issuer Tether has announced a new product in the form of an over-collateralized stablecoin backed by gold.

Cryptopotato·2024/06/18 20:10
Solana Is Next After Ethereum ETF Launch
Solana Is Next After Ethereum ETF Launch

BeInCrypto·2024/06/18 18:34
Trump speculation fuels DJT memecoin 350% rally, but uncertainty remains
Trump speculation fuels DJT memecoin 350% rally, but uncertainty remains

Share link:In this post: A new report has linked a Solana-based memecoin DJT to former US president, Donald Trump. Following the news, the token’s value soared to record highs despite community skepticism about the reported links. Meanwhile, crypto whales began selling their holdings in other Trump-related memecoins for profit, according to on-chain data.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provide

Cryptopolitan·2024/06/18 18:31
Flash
  • 02:13
    Bitwise Research Director: The establishment of strategic Bitcoin reserves by the United States will encourage other countries to purchase Bitcoin
    In a message from ChainCatcher, Bitwise Research Director Ryan Rasmussen stated that the ultimate goal was never for the U.S. government to buy all Bitcoin. The implications of a strategic U.S. Bitcoin reserve are:   · Other countries will purchase Bitcoin;   · Wealth managers have no excuses;   · Financial institutions have no excuses;   · Pension/donation funds have no excuses;   · Concerns about selling Bitcoin to the U.S. disappear;   · The U.S. may buy more Bitcoins;   · The likelihood of states buying Bitcoin increases;   · The possibility of the government banning Bitcoin is zero.   This will change everything in the long run.
  • 02:11
    Movement will be launched on the public mainnet on March 10th, and it is expected that there will still be a wait for the mainnet token collection
    Odaily Planet Daily reports that Movement has released a video on X, seemingly hinting at the official launch of its public mainnet on March 10. Some users have asked on Discord whether this means they can claim airdrop tokens on the mainnet that day. Movement team member Craesol responded with "Later", suggesting there is still some waiting to do. Previously at the end of January, Movement had launched its developer's mainnet. Earlier this month, Rushi Manche, co-founder of Movement stated that the public mainnet has already been launched internally and will go live immediately after completing bridge security procedures.
  • 01:50
    Data: The U.S. government's public purse currently holds 198,109 BTC
    PANews reported on March 7th, according to Lookonchain monitoring, the US government's public wallet currently holds 198,109 BTC (worth $16.92 billion). Earlier today, Trump signed an executive order to establish a strategic Bitcoin reserve and will not sell any Bitcoins stored in the reserve. The US government has previously transferred about 222,684 BTC (valued at $3.28 billion at that time, now worth $19.42 billion) to exchanges and other unknown wallets at an average price of $14,736 per coin. Based on current prices, the US government lost approximately $16.14 billion due to selling BTC early.
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