Tether becomes one of the world's largest holders of gold

Michael Saylor's company's balance sheet isn't at imminent risk of collapse, but further capital-raising efforts could surely be hindered unless conditions improve.

On chain data shows that OG Whale Junyi Zheng deposited $1 million in USDC and purchased 1.52 million AEROs through its 9-year-old wallet address 0xee2826453a4fd5afeb7crefef3ffa2320081268. （Onchain Lens）

[Jump Crypto Transfers 435.91 BTC, Valued at Approximately $20.71 Million] According to Arkham data, at 04:25 (UTC+8), 435.91 Bitcoin (valued at approximately $20.71 million) was transferred from the Jump Crypto wallet to an anonymous address (address starting with 12YGEmHZ).

According to Bloomberg, Tether has become one of the world's largest holders of gold. （Cointelegraph）

Morgan Stanley's $1.5 trillion assets under management are about to launch Bitcoin purchase services through the E * TRADE platform. （The Bitcoin Historian）