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Tether Q3 Report Shows Highest Ever Cash Reserves, Lower Secured Loans
Stablecoin firm Tether published its reserves attestation for Q3 2023, revealing its highest ever percentage of reserves held in cash and cash equivalents. The report signals Tether's prudent financial management amid crypto market volatility. Independent auditor BDO confirmed Tether's consolidated assets continue to exceed its outstanding token liabilities as of September 30, 2023. Tether also......
De.Fi. 2.0 Token Sale Raises Red Flags, Warns ZachXBT
On-chain sleuth ZachXBT is advising investors to exercise caution regarding the ongoing token sale for De.Fi 2.0 and its native DEFI token. In a recent tweet, he pointed out several issues that raise red flags about the project. https://twitter.com/zachxbt/status/1719069626120757347 De.Fi 2.0 operates in the decentralized finance space and conducted an initial DEX offering (IDO) for......
Ethereum Supply On Exchanges Drop While Price Surges: Analyst Suggests Increased Confidence
The price of Ethereum has surged recently but is beginning to show signs of conflicting momentum, based on the latest blockchain insights shared by market intelligence platform Santiment. While the second-largest cryptocurrency gained over 13% in October, its trading volumes have declined even as prices rise. Ethereum is currently trading around $1,800, up substantially. However,......
🥛 Are NFTs making a comeback? 👀
Today’s edition is brought to you by RYSE - the shade automation device that is making a splash and launching in 100+ Best Buys this week. Earn bonus shares when investing in RYSE! GM. This is Milk Road, the newsletter that tells you everything you need to know about crypto - without the migraines. Here’s......
Crypto Investment Products See $326M Inflows, Largest Since July 2022
Crypto Investment funds saw $326 million of net inflows last week, the highest weekly total since July 2022, according to new data from CoinShares. The surge follows building optimism around a potential US spot bitcoin ETF approval. Key details from the report: The $326 million weekly inflow ranks as the 21st largest on record, signaling......
Bankman-Fried Details FTX Growth, Admits Lack of Risk Management
FTX founder Sam Bankman-Fried took the stand for the first time Friday in his criminal fraud trial, describing the crypto exchange's exponential expansion and his extensive work hours. However, he conceded that the lack of a risk management team was a glaring oversight. Bankman-Fried testified that FTX trading volume rapidly scaled from millions to billions......
Fed Official Calls for Stablecoin Regulation, No Imminent CBDC Decision
Top Federal Reserve supervision executive Michael Barr said Friday that stablecoins require strong oversight to avoid risks. However, he noted the Fed remains undecided on pursuing a central bank digital currency (CBDC). In remarks at a Washington, D.C., conference, Barr stated: Stablecoins "borrow the trust" of fiat currencies and need regulation to prevent stability and......
Bitwave Crypto Software Review 2026: Pros & Cons
Learn about the pros, cons, and best features of Bitwave for enterprise crypto tax accounting services...
🥛 fkSBF’s first day of testimony (sorta) 👨⚖️
Today’s edition is brought to you by Bakkt — the responsible crypto company that provides custody, trading, and onramp solutions to help businesses grow with the crypto economy. Empower your future with Bakkt!GM. This is Milk Road, the crypto newsletter that gives you the same feeling as when you do laundry, and don’t lose any socks.......
Trezor Users Targeted by Phishing Email Scam, ZachXBT Warns
Cryptocurrency hardware wallet maker Trezor is investigating a phishing email campaign targeting its users. Crypto sleuth ZachXBT revealed details of the scam on his Telegram channel. The fraudulent emails invite Trezor owners to download a fake firmware update to supposedly fix a software issue. This mirrors tactics seen in prior Trezor phishing schemes. https://twitter.com/jhdn/status/1717642564352774314? According......
