📰 Tether posts $1.5 billion operating profit in Q2 as reserve buffer falls by half
Tetherreported $1.5 billion in net operating profitfor the second quarter of 2026, driven by returns from its U.S. Treasury and repurchase agreement holdings.
The issuer of USDT, the world’s largest stablecoin, reported holding $187.75 billion in assets against $183.64 billion in liabilities as of June 30, leaving it with $4.11 billion in excess reserves, according to theBDO attestation released Friday.Those excess reserves are down from just over $8.23 billion three months earlier.
🔗 Source: CoinDesk
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Tetherreported $1.5 billion in net operating profitfor the second quarter of 2026, driven by returns from its U.S. Treasury and repurchase agreement holdings.
The issuer of USDT, the world’s largest stablecoin, reported holding $187.75 billion in assets against $183.64 billion in liabilities as of June 30, leaving it with $4.11 billion in excess reserves, according to theBDO attestation released Friday.Those excess reserves are down from just over $8.23 billion three months earlier.
🔗 Source: CoinDesk
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📰 Bank of Italy finds no consistent cost advantage for stablecoin remittances
Researchers found that fiat conversion costs and payment infrastructure, rather than blockchain fees, accounted for most of the differences in stablecoin remittance costs and settlement times.
🔗 Source: Cointelegraph
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Researchers found that fiat conversion costs and payment infrastructure, rather than blockchain fees, accounted for most of the differences in stablecoin remittance costs and settlement times.
🔗 Source: Cointelegraph
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📰 XRP Ledger upgrade brings back features once pulled over critical bugs
The XRP Ledger's next software release will put five new features in front of validators, two of which were pulled from the network after security researchers found flaws serious enough to warrant emergency action.
Jazzi Cooper, head of product at RippleX,said Fridaythat xrpld 3.3.0 is expected next week carrying Confidential MPT, Batch, Permission Delegation, Sponsored Fees and Reserves, and Dynamic MPT.
🔗 Source: CoinDesk
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The XRP Ledger's next software release will put five new features in front of validators, two of which were pulled from the network after security researchers found flaws serious enough to warrant emergency action.
Jazzi Cooper, head of product at RippleX,said Fridaythat xrpld 3.3.0 is expected next week carrying Confidential MPT, Batch, Permission Delegation, Sponsored Fees and Reserves, and Dynamic MPT.
🔗 Source: CoinDesk
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📰 Bank of Italy research suggests stablecoins aren't necessarily cheaper for remittances
For years, stablecoins have been marketed as crypto's breakthrough application for cross-border payments, promising near-instant transfers at a fraction of the cost charged by traditional remittance providers.
Sending USDC across a blockchain may indeed cost only a few centsbut a new study from the Bank of Italy suggeststhat isn't what most people actually pay when they send money home.
🔗 Source: CoinDesk
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For years, stablecoins have been marketed as crypto's breakthrough application for cross-border payments, promising near-instant transfers at a fraction of the cost charged by traditional remittance providers.
Sending USDC across a blockchain may indeed cost only a few centsbut a new study from the Bank of Italy suggeststhat isn't what most people actually pay when they send money home.
🔗 Source: CoinDesk
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📰 Counting down the days: State of Crypto
The Senate is going on its summer break in a week, leaving next to no time left to sort out its remaining priorities in August. And obviously, the fate of Clarity is one of those priorities.
You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government.Click hereto sign up for future editions.
🔗 Source: CoinDesk
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The Senate is going on its summer break in a week, leaving next to no time left to sort out its remaining priorities in August. And obviously, the fate of Clarity is one of those priorities.
You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government.Click hereto sign up for future editions.
🔗 Source: CoinDesk
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📰 Coldcard wallet losses may near $114 million as possible fourth sweep emerges
A fourth wave of sweeps against bitcoinBTC$63,542.37addresses generated by the Coldcard cold wallet began early Monday and was still running hours later. This time, however, researchers say the transactions can be overridden while they sit unconfirmed.
Alex Thorn, head of firmwide research at Galaxy Research,flagged the active waveand said the attackers opted into replace-by-fee, a Bitcoin feature that lets a pending transaction be overwritten by a later one paying a higher fee. Until a transaction confirms, a victim who finds their address in the mempool — the queue of unconfirmed transactions — can pay more and move the coins out first.
🔗 Source: CoinDesk
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A fourth wave of sweeps against bitcoinBTC$63,542.37addresses generated by the Coldcard cold wallet began early Monday and was still running hours later. This time, however, researchers say the transactions can be overridden while they sit unconfirmed.
Alex Thorn, head of firmwide research at Galaxy Research,flagged the active waveand said the attackers opted into replace-by-fee, a Bitcoin feature that lets a pending transaction be overwritten by a later one paying a higher fee. Until a transaction confirms, a victim who finds their address in the mempool — the queue of unconfirmed transactions — can pay more and move the coins out first.
🔗 Source: CoinDesk
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📰 Robinhood wins UK crypto registration before new regulatory regime kicks off
Crypto-friendly trading platform Robinhood (HOOD) is now registered to offer cryptocurrency services in the U.K.
Robinhood’s U.K. arm was added to the Financial Conduct Authority’s (FCA)list of registered cryptoasset companiesas of July 31.
🔗 Source: CoinDesk
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Crypto-friendly trading platform Robinhood (HOOD) is now registered to offer cryptocurrency services in the U.K.
Robinhood’s U.K. arm was added to the Financial Conduct Authority’s (FCA)list of registered cryptoasset companiesas of July 31.
🔗 Source: CoinDesk
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📰 The bitcoin futures yield collapse: Once over 20%, now less than Treasury notes
Once a goldmine for carry traders, bitcoin futures have flipped, consistently underperforming plain‑vanilla U.S. Treasuries every month since February.
Carry trades consistently yielded 20% or more across regulated and unregulated crypto exchangesduring the 2021 bull market.The strategy involved shorting bitcoinBTC$63,741.36futures while simultaneously buying a spot exchange-traded fund (ETF). Now they return just 3% compared with an average 3.8% yield on two-year Treasuries.
🔗 Source: CoinDesk
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Once a goldmine for carry traders, bitcoin futures have flipped, consistently underperforming plain‑vanilla U.S. Treasuries every month since February.
Carry trades consistently yielded 20% or more across regulated and unregulated crypto exchangesduring the 2021 bull market.The strategy involved shorting bitcoinBTC$63,741.36futures while simultaneously buying a spot exchange-traded fund (ETF). Now they return just 3% compared with an average 3.8% yield on two-year Treasuries.
🔗 Source: CoinDesk
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📰 Bitcoin, ether decline as Coldcard exploit enters a fifth day
BitcoinBTC$63,607.21and ether (ETH) are under pressure as the multimillion-dollar hack of the hardware wallet Coldcardenters a fifth day, raising questions over the safety of direct custody as a holding strategy.
The incident has rocked sentiment on crypto social media, with numerous small holderscomplaining oflosing long-term holdings and reassessing their faith in crypto.
🔗 Source: CoinDesk
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BitcoinBTC$63,607.21and ether (ETH) are under pressure as the multimillion-dollar hack of the hardware wallet Coldcardenters a fifth day, raising questions over the safety of direct custody as a holding strategy.
The incident has rocked sentiment on crypto social media, with numerous small holderscomplaining oflosing long-term holdings and reassessing their faith in crypto.
🔗 Source: CoinDesk
📌 Read full
#Crypto #News