Lead story · Rails
Tether Holds 150,000 Bitcoin Worth $11.5B, CEO Says
Tether CEO Paolo Ardoino announced that the stablecoin issuer holds 150,000 bitcoin valued at approximately $11.5 billion.
- Tether CEO Paolo Ardoino confirmed the firm holds 150,000 bitcoin valued at around $11.5 billion.
Read original source · coindesk
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What happened
Tether CEO Paolo Ardoino announced that the stablecoin issuer holds 150,000 bitcoin valued at approximately $11.5 billion.
Why it matters
Tether CEO Paolo Ardoino confirmed the firm holds 150,000 bitcoin valued at around $11.5 billion.
What to watch
24h breadthRisk-off · 29/100
Lower50 = flatHigher
Tracked assets were broadly lower.
Breadth starts at 50, adds three points for each 1% of average 24-hour movement across the tracked assets, and is capped between 0 and 100.BTC$75,710.00−5.93%
BTC was 5.93% lower than the provider quote 24 hours earlier. Snapshot: 04:58 UTC.ETH$2,230.65−7.98%
ETH was 7.98% lower than the provider quote 24 hours earlier. Snapshot: 04:58 UTC.SOL$89.43−6.86%
SOL was 6.86% lower than the provider quote 24 hours earlier. Snapshot: 04:58 UTC.CoinGecko snapshot at 04:58 UTC. Prices and 24-hour moves refresh automatically without rerunning the newsroom.
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Whatever the team everyone is going to complain about building L1 products should be building first party L1 products. 1) PMF is insanely hard, you are likely to fail no matter what. 2) You need to use your own chain to be able to know what is missing for any competitor feature set. 3) competition isn’t the other apps that already support solana. It’s all the financial apps in the world that currently don’t I will retweet every competitor feature announcement anyways.
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Reviewed through 04:58 UTC · editorial order, not engagement rank
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Latest market data · 24h snapshot
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This panel compares each provider quote with the quote 24 hours earlier. Editorial stories remain in the Editor-in-Chief’s priority order instead of being repeated or pulled into this fixed data region.
Risk-off · breadth 29/100. A score of 50 means the tracked assets were flat on average.
24-hour price changeLatest · 04:58 UTC
BTC$75,710.00
−5.93%BTC was 5.93% lower than the provider quote 24 hours earlier. Snapshot: 04:58 UTC.ETH$2,230.65
−7.98%ETH was 7.98% lower than the provider quote 24 hours earlier. Snapshot: 04:58 UTC.SOL$89.43
−6.86%SOL was 6.86% lower than the provider quote 24 hours earlier. Snapshot: 04:58 UTC.Exact percentages are printed beside every row; color is supplemental.
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