Tether posts $1.5 billion operating profit in Q2 as reserve buffer falls by half
The world’s largest stablecoin issuer added 14 metric tons of gold and about 1,800 bitcoin to its reserves during the second quarter. Source：CoinDesk
The good and the bad of perps, according to crypto traders
Both retail and institutional traders worry about the funding rate. Source：CoinDesk
Warsh’s Fed is failing to stick to its own principles for good monetary policy
Bond investors don’t understand how Fed Chair Kevin Warsh’s pledge to restore stable prices squares with inaction on interest rates. Source：MarketWatch
Coldcard's $38 million (so far) exploit shakes faith in self-custody, may push investors to ETFs
A software bug in popular hardware wallet Coldcard that led to the theft to this point of nearly 600 bitcoin worth roughly $38 million is prompting questions…
Ex-FTX users report funds being released in $900M distribution round
Several users of the longdefunct crypto exchange reported that distribution agents had begun releasing funds to reimburse creditors for some of their 2022…
S&P 500 heads for the first July decline since 2014. Here are the stocks that led the selloff.
After a whipsaw end to the month, the stock market’s decline was highlighted by the worst month for chip stocks in 24 years. Source：MarketWatch
Let’s elect candidates who will make the wealthy pay taxes
We can use some of those revenues to make Social Security contributions more equitable. Source：MarketWatch
Tether earns $1.5B in Q2 as US Treasury holdings fuel profits
Tether’s reserve surplus grew to $4.11 billion in the second quarter as USDT supply rose despite a weaker stablecoin market and continued pressure across the…
Bybit adds tokenized Nvidia, Apple, Tesla stocks as loan collateral
Eligible retail and institutional users can use tokenized shares of Nvidia, Apple, Tesla and three other US companies across Bybit’s trading and lending…
US Treasury yields rise as TIPS challenge the inflation narrative
TIPS data points to rising real yields, not inflation, a dynamic that weighs on nonyielding assets like Bitcoin. Source：Cointelegraph
Micron’s stock falls after Apple’s Tim Cook expresses a desire for more memory suppliers
Apple and Amazon are both being hurt by higher memory prices. Source：MarketWatch
Bitcoin price sinks to 2-week lows as US stocks fail to copy Asia rebound
Bitcoin saw fresh downside pressure as US stocks tracked sideways into the end of the month, diverging from the relief bounce seen in Asia. Source：Cointelegraph