BTC breaks through the $105000 mark

OKX-ETH/USDT is currently trading at $3404.77, with a 24-hour increase of 4.19%. Please be aware of market fluctuations.

Tether, the crypto company behind the largest stablecoin USDT, said on Friday it generated $13 billion group-wide net profits last year in a record-breaking year.See all newslettersSome $7 billion of the profits derived from the firm's vast U.S. Treasuries and repo holdings, and $5 billion from unrealized appreciation of the company's gold and bitcoin (BTC) holdings. Other investments contributed $1 billion.According to the company's latest quarterly attestation signed by accounting firm BDO Italy, the group's stablecoin issuer arms Tether International Limited and Tether Limited disclosed $143.7 billion of assets in reserve against $136.6 billion in liabilities, adding up to $7 billion of excess reserves backing its stablecoins. Treasury bills in the reserve rose to $94.5 billion.The group also increased its bitcoin holdings last quarter for the first time since March, holding nearly 84,000 BTC worth about $7.8 billions as of year-end, according to the attestation.Tether Brings Its $140B USDT Stablecoin to Bitcoin and Lightning NetworksTether's USDT is the fourth-largest cryptocurrency with its $140 billion market capitalization, and a key piece of infrastructure for digital asset trading and increasingly popular in developing regions for payments, remittances and savings in U.S. dollars. However, several exchanges have delisted or announced to suspend USDT for EU users recently due to MiCA regulations, spurring a decrease in the token's supply.The firm this year announced plans to move its headquarters to El Salvador, the bitcoin-friendly nation state in Central America that has become an emerging hub for crypto firms under President Nayib Bukele's leadership.

According to Bloomberg reporters, Federal Reserve official Goolsbee stated when asked about Bitcoin reserves that the Fed has legal restrictions on the assets it can hold on its balance sheet.

Binance ETH is currently priced at $3358.93, with a 3.28% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 13.22 million US dollars, with multiple orders being the main liquidation and 2.24 million US dollars (16.99%) of ETH liquidation. The data is for reference only.

On January 31st, according to official announcements, the Berachain Foundation established the BGT Foundation, an independent entity representing the collective interests of BGT (Bera Governance Token) holders and executing related actions on their behalf. The BGT Foundation will drive the growth of PoL (Proof of Liquidity), with a focus on the stability and security of the Berachain protocol. BGT is actually a 'fair issuance' token, distributed to liquidity providers (LPs) and validators/stakers according to Berachain's PoL mechanism, ensuring that individuals who contribute to the network receive direct returns. This distribution mechanism not only motivates participants from the beginning, but also helps establish a strong liquidity foundation that benefits a wider community as the ecosystem develops. In addition, as BGT gradually disperses in the network, it promotes a decentralized governance structure and coordinates incentives for various stakeholders. By delegating governance power to a broad user base that actively contributes to Berachain.