Jack Mallers has stepped down as CEO of Twenty One, a Bitcoin treasury firm backed by Tether, after just seven months due to disagreements with the board over the company's future. His departure follows public questioning of Twenty One's financial metrics and digital credit yields earlier this year, which sparked investor concerns. Mallers denied any misconduct, stating he took no severance and forfeited his options. The firm is now fully controlled by Tether and is reconsidering its business model under new leadership focused on cash flow rather than just Bitcoin accumulation.
Tether is building Hypersearch, a decentralized peer-to-peer search engine using distributed hash table technology to avoid central servers. The project, announced in April 2026, has demonstrated a working P2P Wikipedia search engine, showing the pot...
Tether CEO Paolo Ardoino revealed a strategy to transform the stablecoin issuer into a diversified financial powerhouse by accumulating large reserves of Bitcoin and physical gold. The company has been purchasing 1-2 tons of gold weekly, amassing abo...
Bitcoin remains stuck below $80,000 following stronger-than-expected US payroll data that revived fears of a Federal Reserve rate hike. Despite a sharp drop and liquidations, market expectations for a Fed hike remain steady, with the upcoming CPI rep...
Tether, the issuer of the world's largest stablecoin USDT, now holds over $122 billion in US Treasury bills, making it one of the top buyers of American government debt. With USDT's market cap around $185 billion, Tether allocates about 83% of its re...
Tether reported a net operating profit of $1.3 billion in Q2 2026, driven by its USDT stablecoin. The company holds $5.2 billion in excess reserves beyond what is needed to back USDT tokens, primarily invested in short-term U.S. Treasury bonds that g...
