Tether CEO Issues Bullish Bitcoin Statement Despite Crypto Market Slump

2025-08-06 22:22:37

Main Idea

Tether CEO expresses strong confidence in Bitcoin, calling it 'undefeatable' despite current market challenges and macroeconomic uncertainties.

Key Points

1. Tether CEO declares Bitcoin as 'undefeatable,' reinforcing trust in the cryptocurrency amid market slumps.

2. Bitcoin is described as resilient to short-term pressures, with some commentators highlighting its steady trading around $115,000.

3. MicroStrategy's latest Bitcoin purchase has brought its total holdings to nearly 80k BTC, according to Arkham Intelligence.

Description

Bitcoin’s price is unstable but investors' sentiment remains unwavering

>> go to origin page

Tags:
Bitcoin BTC

📱 Full Version

$BTC

$116439.5

+0.92%

U.Today

u.today

Latest News

Ripple CEO Ends Speculation on New Major $200 Million Stablecoin Deal2025-08-07 16:47:11
Dogecoin Hits 'Historical Buy Zone', New DOGE Price Outlook Says2025-08-07 16:06:30
9,614,765 SHIB Tokens Destroyed in Hours as Key Metric Soars 3464%2025-08-07 16:04:41
US SEC To Review Ripple Lawsuit Appeal In Hours2025-08-07 15:54:42
ETH Bears Crushed as Short Liquidations Soar 370% Over Bitcoin2025-08-07 14:57:00

Circle’s USDC Dominates Crypto Payrolls With 63% Market Share as Stablecoin Adoption Surges

22:31 06-08-2025 （19 hours ago）

Circle’s USD Coin (USDC) has solidified its leading position in the cryptocurrency payroll sector, representing 63% of all salaries paid in digital assets last year. This decisive market share highlights accelerating institutional trust in dollar-backed stablecoins and signals a structural shift toward blockchain-based compensation systems, outpacing Tether’s USDt which accounted for under 30% of crypto payroll disbursements. The industry has...

Coinbase Announces Support for dYdX (COSMOSDYDX) Token on dYdX Network

16:59 06-08-2025 （1 day ago）

Major cryptocurrency exchange Coinbase has announced plans to add support for the dYdX token (COSMOSDYDX) trading on the dYdX Chain network. This integration will enable qualified users to trade the COSMOSDYDX token directly via the Coinbase platform, expanding access to the ecosystem and utility token of the decentralized derivatives exchange. The specific details regarding the launch timing and eligible jurisdictions...

BitMine Holds Largest Corporate Ethereum Treasury at $3 Billion Amid Institutional Accumulation Trend

13:42 05-08-2025 （2 days ago）

BitMine has established the world's largest corporate Ethereum reserve with holdings of 833,133 ETH, currently valued at $3 billion. This unprecedented accumulation signals robust institutional commitment to Ethereum's long-term macroeconomic significance and reflects growing conviction in the asset's role within financial markets. Chairman Thomas Lee projects Ethereum will substantially influence global financial systems over the coming decade, particularly through blockchain...

Smarter Web Company Launches $21M Bitcoin-Backed Bonds to Merge Crypto with Traditional Finance

14:32 06-08-2025 （1 day ago）

Smarter Web Company has announced the issuance of $21 million in bonds denominated directly in bitcoin. This financial instrument enables investors to gain exposure to fluctuations in the price of bitcoin through traditional debt markets, offering potential upside linked to the cryptocurrency's movements. The bond launch represents a notable step in the convergence of cryptocurrency with conventional financial markets, providing...

Institutional and Political Backing Drive Bitcoin’s 2025 Market Dynamics, ETFs Fuel Growth and Volatility

17:01 05-08-2025 （2 days ago）

Bitcoin's trajectory throughout 2025 has been heavily shaped by robust institutional participation and significant political support, highlighting the increasing maturity of the digital asset market. While factors like ETF adoption contribute to mainstream investment inflows and overall growth, they simultaneously amplify price volatility. Endorsements from prominent political figures, including U.S. Vice President JD Vance at the recent Bitcoin Conference, signify...

Solana Sets Transaction Record Amid Whale Sell-offs and Underwhelming Price Performance

09:25 06-08-2025 （1 day ago）

Solana (SOL) has achieved unprecedented on-chain activity with a record high in non-voted transactions, even as its token faces significant price pressure due to whale sell-offs and competitive pressures. The network averaged 1,318 true transactions per second (TPS) in July, marking an all-time high for monthly non-voted transactions. This surge indicates robust usage despite broader market challenges. Concurrently, Solana's Total...

Ripple Labs Lawsuit Outcome Poised to Reshape Crypto Regulation and Market

16:54 07-08-2025 （1 hour ago）

A pivotal ruling in the U.S. Securities and Exchange Commission's lawsuit against Ripple Labs carries profound implications for future cryptocurrency regulation and Web3 enterprises, potentially establishing critical precedents for the industry. The decision directly impacts Ripple’s native token XRP and could trigger broader market repercussions. XRP has demonstrated resilience amid the legal uncertainty, trading at $3.04 with a recent 2.16%...

Bitcoin Maintains Critical $113.5K Support, Eyes Rebound Above $116K Amid Bullish Structure

09:42 06-08-2025 （1 day ago）

Bitcoin is currently defending the crucial $113,500 support level, signaling potential for a rebound targeting the $116,000-$121,000 trading channel during the next upward cycle. Market structure analysis indicates this key price floor is strengthened by a combination of diagonal trendline support and a horizontal breakout zone, reinforcing buyer confidence. The cryptocurrency now trades within a tight range between $116,000 resistance...

Ripple Critiques Senate Crypto Bill, Urges Clear Regulatory Lines and Challenges SEC Oversight Scope

21:56 06-08-2025 （20 hours ago）

Ripple has submitted its response to the U.S. Senate's draft Crypto Market Structure Bill, advocating for explicit jurisdictional clarity between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to prevent regulatory overlap. Central to Ripple's critique is opposition to the proposed 'ancillary asset' framework. The company contends this classification could subject established digital assets, including...

DeFi Development Corp. Acquires 110,000 SOL to Boost Treasury Strategy and Accelerate Growth Targets

21:07 04-08-2025 （3 days ago）

DeFi Development Corp. (DFDV) has significantly expanded its cryptocurrency portfolio by purchasing 110,000 SOL worth $18.4 million. This strategic acquisition leverages both cash reserves and a $5 billion equity line of credit, elevating DFDV's total Solana holdings to 1.29 million SOL valued at $215 million. The transaction has increased the company's Solana-per-share (SPS) metric by 47% to 0.0618 SPS, demonstrating...

Saylor Advocates Bitcoin Holding, Kiyosaki Lauds Asset Design Amid Market Flux

15:33 06-08-2025 （1 day ago）

Prominent figures Michael Saylor and Robert Kiyosaki have offered perspectives on Bitcoin investment strategies, urging long-term thinking despite market volatility. Saylor, chairman of MicroStrategy, delivered a clear directive to investors: "Do not sell your Bitcoin." His advice is backed by significant corporate commitment, as MicroStrategy holds approximately $71 billion worth of Bitcoin assets against a relatively minuscule $50 million in...

Paxos Settles $48.5 Million with NY Regulators Over Binance Partnership Issues, SEC Probe Concluded

16:53 07-08-2025 （1 hour ago）

Paxos Trust Company has resolved a significant regulatory dispute, agreeing to a $48.5 million settlement with the New York Department of Financial Services (NYDFS) stemming from compliance failures related to its partnership with Binance and the Binance USD (BUSD) stablecoin. The settlement comprises a $26.5 million civil monetary penalty paid to the NYDFS. Additionally, Paxos will invest $22 million into...