Transaction URL: https://whale-alert.io/transaction/solana/4PoR4AP1Xzc2ey4QGxdtQyjEHDzkKHowutBYhWqZqnjiYPuypfuVPvoFtA2nVyzFJJAprvnGkKZHPZHxsnj3PFgp
- Crunch
- Global
Stablecoin giant Tether has fortified its cryptocurrency portfolio purchasing an additional 8,888 bitcoin for roughly $735 million this first quarter of 2025. The acquisition increases its total bitcoin reserves to 92,646 BTC valued at about $7.8 billion as it maintains its position with the sixth-largest bitcoin wallet globally. This move aligns with Tether’s quarterly strategy of boosting its reserve wallet which began in earnest in September 2022.
Despite a 12% decline in bitcoin prices marking a challenging start to the year Tether’s recent purchase forms part of a broader diversification plan. Since committing to allocate 15% of its net profits to bitcoin acquisitions in May 2023 the company has seen substantial unrealized gains now sitting at approximately $3.86 billion. This strategy underscores Tether’s resilience and foresight in navigating the volatile crypto markets.
Beyond cryptocurrency Tether is venturing into bitcoin mining energy production and artificial intelligence. This expansion coupled with a recorded $13 billion net profit in 2024 from various investments including U.S. Treasuries and gold highlights its robust growth. With the world’s largest stablecoin supply and new strategic initiatives Tether continues to lead and innovate within the crypto sector.
Coinbase CEO Brian Armstrong is pushing for legislative support to enable stablecoins to offer direct interest earnings calling it crucial for US economic strength and consumer benefits. He explains that unlike traditional banks stablecoin issuers are hindered by legal uncertainties which prevent them from offering interest on digital dollar holdings. Armstrong sees onchain interest as a win-win providing consumers with fair market-rate yields and maintaining US innovation leadership.
Armstrong highlighted the gap between the Federal Funds rate and the negligible interest rates received by consumers on savings which leads to a loss of purchasing power especially amid inflation. He envisions onchain interest democratizing financial access and empowering people globally by offering a stable and accessible financial system through crypto technology.
By enabling interest-bearing stablecoins the US could significantly enhance its economic landscape and maintain dollar dominance Armstrong argues. He urges quick legislative action to include clear provisions for onchain interest in stablecoin regulations which would prevent the US from missing out on trillions in global financial flows and boost economic activity worldwide.
Summary: The Bill Miller IV Interview
Bill Miller IV, CIO of Miller Value Partners and Bitcoin 2025 speaker, joins Bitcoin Magazine’s “The Culture Bit” to lay out a markets-first case for Bitcoin as the world’s ultimate denominator of capital.
Bill explains why Bitcoin is more than digital gold: it’s a response to engineered outcomes, financial entropy, and institutional inertia. He hits hard on why Michael Saylor and Strategy’s ‘strategy’ matters, why more corporations will follow, and why the time for fence-sitting on Bitcoin is over for investors of all-types.
This should come as no surprise given comments on Bitcoin by his father Bill Miller III who revealed a…
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Gunzilla Games’ GUN token — for its Off The Grid game and Avalanche subnet Gunz — is now live.
GUN climbed up 12% since its launch early Monday morning, but has since fallen slightly. As of 11:30 am ET Monday, its price was $0.09. The token had a market cap of roughly $60 million at that time, with 604 million GUN in circulation out of a possible 10 billion.
GUN already has a trading volume of $126 million just a few hours after launch, per CoinGecko data.
The Gunz chain has already seen over 487 million transactions across 14.5 million wallets, according to Avascan data and…
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Bill S. 0451, which was introduced to the Rhode Island Senate last month, permits the state’s residents and businesses to make up to 10 payments in bitcoin valued at less than $1,000 per month (or sell the equivalent amount) without being subject to state capital gains taxes.
The bill is an amendment to existing state income tax laws, and the exact language in the proposed legislation is as follows:
“Any sale of [b]itcoin by an individual or business in Rhode Island shall be exempt from state taxation if the total value of sales is less than one thousand dollars ($1,000) per diem. The limit of the state tax exempt [b]itcoin transaction shall not exceed ten (10) sales per a thirty…
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The MIT Bitcoin Club—a passionate coalition of students, alumni, researchers, and community members—presents the 12th annual MIT Bitcoin Expo (April 5–6, 2025), a landmark event exploring how Bitcoin and freedom technologies empower individuals worldwide. With just 5 days remaining, this student-led initiative continues its decade-long tradition of bridging academia, activism, and technical innovation.
Why This Matters
Born from MIT’s 2014 Bitcoin Project—which distributed Bitcoin to undergraduates to study adoption—the expo has evolved into a critical forum for sovereignty-focused dialogue. This year’s agenda of freedom tech focuses on physical liberation through…
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