Business – Page 209 – PK Press Club

Tether (USDT) says it has selected a “big four” firm for its first audit

Tether, the crypto company behind the most popular stablecoin USDT, announced Tuesday that it has selected a “Big Four” to conduct its first comprehensive financial statement audit. “The Big Four firm was selected through a competitive process because the organization already operates under Big Four auditing standards,” said Simon McWilliams, Tether’s CFO. “The audit will […]

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Polkadot (DOT) Falls 2.3% as Index Trades Lower

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CoinDesk Indices presents its daily market update, highlighting the performance of the leaders and laggards of the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2044.07, down 0.2% (-3.83) since 4 p.m. ET on Monday. Ten of the 20 assets are trading higher. Leaders: APT (+4.4%) and XLM (+1.5%). Lagging behind: DOT (-2.3%)

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The Foundation launches a development platform for institutions and calls on Mastercard, Western Union and Worldpay

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The Solana Foundation is launching a new development platform aimed at making it easier for financial institutions to create blockchain-based products, with early adopters including Mastercard, Western Union and Worldpay. The Solana Developer Platform (SDP), currently available for developers to test, is a toolkit that allows businesses to build and scale financial applications on Solana

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BTC Finds Stability Based on 2023 Investor Costs, Echoing Past Cycle

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Bitcoin recently found support for a key on-chain metric – the average realized price for a specific year – in this case, the 2023 cost base. The average realized price in 2023 is currently around $63,700. During the local bottom in early February, when bitcoin fell about 50% from its all-time high in October, to

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Invesco (IVZ), a $2.2 trillion asset manager, joins BlackRock and peers in tokenized fund drive

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Invesco, a US-based asset manager that oversees $2.2 trillion in assets, will take over management of Superstate’s tokenized US Treasury fund, bringing a large traditional asset manager deeper into blockchain-based finance. The USTB fund holds short-term U.S. government securities and represents more than $900 million in assets. It ranks among the largest tokenized Treasury funds,

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Bitcoin Advances to $71,000 as Derivatives Signal Cautious Uptrend: Crypto Markets Today

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Bitcoin BTC$71,184.67 is currently trading at around $71,000, having risen 0.25% since midnight UTC, adding to a broader 4% 24-hour rally. Asian times have been favorable for AI tokens, with bittensor (TAO) and FET$0.2351 adding 5.8% and 4.1% each. The increase follows comments from Nvidia CEO Jensen Huang who claimed that artificial general intelligence (AGI)

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Fund Services Giant Apex to Tokenize Omnes Bitcoin Mining Note Based on Layer 2 Blockchain

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Apex Group, the fund services giant with more than $3.5 trillion in assets under administration, has expanded its tokenization suite with a structured product offering institutions exposure to bitcoin. BTC$71,241.08 mining, which will be issued and managed on the Ethereum overlay platform of the American exchange Coinbase, Base. Since purchasing real-world asset (RWA) specialist Tokeny

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Here’s How US Treasury Notes Could Shape Trump’s Iran War and Bitcoin

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As the war in Iran rages, U.S. Treasury yields – the market’s gauge of borrowing costs – have risen to multi-month highs, factoring in late Fed rate cuts and higher inflation expectations. The question is when the Treasury market, which underpins global finance, starts causing problems for both the government and the economy, forcing the

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Balancer Labs to Shut Down Following $110 Million Exploit, Co-Founder Says in DAO Article

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The company that built decentralized finance (DeFi) powerhouse Balancer is shutting down. Balancer co-founder Fernando Martinelli announced on Tuesday the closure of Balancer Labs, the company that incubated and funded the decentralized exchange protocol. The decision comes about five months after a v2 exploit in November 2025 that drained about $110 million in digital assets,

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Bitcoin Mining Concentration Just Appeared in a Rare 2-Block Reorganization

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Bitcoin’s mining concentration problem has just appeared on the blockchain itself, triggering a small “reorganization”. At the center of the story is Foundry USA, the largest bitcoin mining pool, representing a group of miners who combine their computing power to verify transactions, mine blocks, and share BTC rewards. On the blockchain, there are many miners,

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