Leading stablecoin issuer Tether has quietly added nearly 8,889 Bitcoin to its reserves in the first quarter of 2024, boosting their total BTC reserves to approximately 75,354 coins, worth roughly $5.2 billion.
A federal judge has dealt a blow to Wyoming-based Custodia Bank, in its quest for direct access to the Federal Reserve System, as Judge Scott Skavdahl of the District of Wyoming rejected Custodia's motion for judgment on Friday, siding with the Fed's position that it is not obligated to grant master accounts and membership to all eligible applicants.
Bitkub Capital Group Holdings, the operator of Thailand's leading cryptocurrency exchange, is setting its sights on an initial public offering next year.
Top stories in the Crypto Roundup today:
- Tether Bolsters Bitcoin Holdings to 75,354 BTC as it Completes Security Audit
- Judge Sides with Fed, Denies Custodia Bank's Master Account Motion
- Thailand's Leading Crypto Exchange Bitkub Sets Sights on 2025 IPO