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Original Source: BitpushNews The financing news of stablecoin giant Tether is enough to make the entire traditional financial circle hold its breath. According to Bloomberg, the “central bank of the crypto world,” which manages nearly $173 billion in USDT, is seeking a massive $15-20 billion private equity round at a valuation of up to $500 billion. What does this figure signify? It means Tether’s size is on par with top global tech unicorns like OpenAI and SpaceX. Its $4.9 billion in quarterly net profit dwarfs the earnings of many established financial institutions. This isn’t just about raising capital; it’s about a “hidden whale” rising from the crypto world, making a formal declaration of value to the traditional financial system. $500 billion valuation: a bold numbers game Tether’s bold valuation stems…# Analysis# Market# Token# Tool# web3Pre
Jim Chanos, the "cynical" strategist on Wall Street, pulled off a perfect move: shorting MSTR and going long on BTC.Next
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- A little over a week ago, DeSci platform Orama Labs successfully launched Zeno , the first project on OramaPad. Zeno provided 500 million ZENO tokens for the launchpad, representing half of the tot...