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Tether claims $1.5B profit, but hidden math reveals a $4.2B hit that halved its safety cushion in 90 days

Tether's second-quarter materials report $1.5 billion in net operating profit, earned mainly from Treasuries and repo activity. However, the attached reserve report shows a negative $3.17 billion first-half financial result, and the company's materials do not reconcile the two figures. Subtracting the first quarter's positive $1.04 billion financial result from that first-half figure implies a […]

CryptoSlateCryptoSlateGino Matos1 Aug

Why CME wants phone traders slinging leveraged Nvidia contracts at 3 AM after earnings drop

At 4:05 pm in New York, a large tech company releases earnings. The main stock session has ended, executives begin their conference call, and billions of dollars start shifting through every instrument connected to the company. Shares move across extended-hours venues, options desks recalculate volatility, index futures absorb the broader reaction, and investors in Asia […]

CryptoSlateCryptoSlateAndjela Radmilac1 Aug

Wall Street is sitting on a $16.3 billion Bitcoin loss, and an August 14 deadline will expose who is quietly fleeing

Bloomberg Intelligence estimates the average net cost basis of US spot Bitcoin ETF capital at roughly $82,249, leaving the position about 22% underwater and sitting on $16.33 billion in unrealized losses. On Aug. 14, large investment managers must disclose their June 30 Bitcoin ETF positions, and those filings offer the clearest look yet at whether […]

CryptoSlateCryptoSlateGino Matos1 Aug

Why 110 corporate blockchains are headed for a massive shakeout – and Coinbase’s secret plan to absorb them

Corporate blockchains are multiplying, but Coinbase CEO Brian Armstrong expects the boom to end in consolidation rather than coexistence. Over the past year, several corporate institutions and Wall Street giants, including Stripe, Circle, and Robinhood, have developed rails for stablecoins and institutional markets. Their expansion has revived concern that regulated companies with established distribution could […]

CryptoSlateCryptoSlateOluwapelumi Adejumo1 Aug