Market continues to slide as equities retreat from recent highs. As of now, $BTC is trading at $112,002 and $ETH is trading at $4,164, with Bitcoin dominance at 58.48%.
Tether is seeking to raise $15–20B by selling 3% of its equity, valuing the company at $500B and placing it among the world’s most valuable private firms. The move highlights both the profitability of its reserves and the increasing scrutiny over ongoing regulatory concerns (more below).
A few other headlines include: the CFTC launching a tokenized initiative allowing derivatives traders to post stablecoins as collateral, Arthur Hayes predicting that if the Fed adopts large-scale money printing under Trump’s yield curve control plan BTC could potentially reach $3.4 million, and CZ refuting claims that YZi Labs will take on outside capital.
During the last 24 hours, the top three gainers were $0G, $APX, and $ASTER, while the top three losers were $IP, $ATH, and $M.
