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Tether passes audit, Ethereum whales move millions, Bitcoin may dip to $50K, Wintermute invests $1B in AI, gold tops $4,400.

Market News
16 Aug 2026
Bitcoin
View Source
Neutral
Tether passes audit, Ethereum whales move millions, Bitcoin may dip to $50K, Wintermute invests $1B in AI, gold tops $4,400.

Tether completed a clean audit of its 2025 financials by KPMG, easing concerns about its reserves. An Ethereum wallet moved 2,680 ETH after 11 years, highlighting old investors' activity. Bitcoin could drop to $50,000 before rising to $1 million, according to Arthur Hayes. Wintermute plans to invest $1 billion in AI and high-frequency trading, while gold prices surged above $4,400 amid strong Chinese demand and softer U.S. economic data.

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