Tether generated approximately $1.5 billion in net operating profit during the second quarter of 2026 as returns from US Treasury holdings and repo operations supported its earnings. Summary Tether recorded about $1.5 billion in quarterly operating profit, according to its BDO attestation. USDT supply reached approximately $184.6 billion, representing over 60% of the stablecoin market.
Stiftung Ethereum, the Zug, Switzerland-based Ethereum Foundation —ethereum.org, is seeking to immediately fill the Executive Director position within the Foundation. The role involves defining and discharging the day-to-day business of the Foundation and leading the organization at the executive level. The successful candidate will have significant experience in corporate finance activities and/or operations. A technical
The FTX Recovery Trust will distribute approximately $900M to creditors on July 31, 2026, its fifth payout round, pushing total recoveries to nearly $10Bn since the exchange’s November 2022 collapse. For creditors who have not yet completed verification, a hard six-month countdown to claim eligibility begins on the same date, according to the FTX Recovery
The largest tokenized securities platform cleared its SEC probe, secured FINRA authorization, and put BlackRock’s IVV onchain. Now it is shopping for a target worth up to half a billion dollars while the market it helped build outgrows it. Summary Ondo Finance is exploring an acquisition valued between $250 million and $500 million to expand
With Ethereum getting close to its first official launch with Frontier, we have spent the last week of February at our holon in Switzerland discussing what the future of the Ethereum Foundation is going to look like. Since the start of the project, one of our primary dreams has been to not just deliver a
Since then, average daily liquidations have remained well below this year’s typical $400 million-$500 million range, suggesting there has been little forced selling despite the macro shock, according to Bitfinex. “Crypto fell less than levered equity themes because the forced-selling fuel was already spent,” the analysts wrote. Security concerns linger Separately, the market is also
Pump.fun reportedly dismissed employees shortly before their PUMP token grants were scheduled to vest, leaving at least one former worker without an allocation now valued at seven figures. Summary Employees were reportedly dismissed weeks before 25% of their PUMP grants vested. One former employee allegedly lost a token allocation now worth seven figures. Separate claims
One of the questions that has perhaps been central to my own research in blockchain technology is: ultimately, what is it even useful for? Why do we need blockchains for anything, what kinds of services should be run on blockchain-like architectures, and why specifically should services be run on blockchains instead of just living on
Since over $70 million in Bitcoin was stolen yesterday by an attack that exploited a fault in the Coldcard’s system, it has been reported that the thief used a top blockchain services provider for help. Writing on X Friday, engineer at payments company Block, Clay Garrett, said that the provider — who he did not
Uniswap has launched Earn, a self-custodial lending product that allows users to deposit USDC, USDT, and ETH into Morpho vaults without leaving its app. Summary Earn is live on the Ethereum mainnet through the Uniswap Web App and Wallet. Deposits enter Morpho lending vaults curated by Gauntlet, where borrower interest generates user yield. Uniswap charges
