Tether reports $1.5B Q3 profit as its reserve cushion nearly doubles to $7.95B
The issuer of USDT says its assets exceeded its liabilities by $7.95 billion on 30 Sep, up from $4.1 billion three months earlier.
The brief
Market mood▼ Bearish
AI-assisted A summary of our reporting on this date. Highlighted phrases link to the full story.
Tether reported a $1.5 billion third-quarter profit and a $7.95 billion reserve cushion in its BDO attestation.
Latest reporting
200 reports on the desk
StablecoinsAave freezes its markets after the Binance exploit, then moves to cut rates and $3.7B of borrow roomThe Binance exploiter borrowed $44.6 million of ether on Aave in three minutes. The cleanup now touches about $3.7 billion of borrowing capacity.
BitcoinMacro Note: Europe’s economy grew twice as fast as forecast. Bitcoin didn’t noticeThis note asks whether a stronger-than-expected euro-area growth figure changes anything for bitcoin. My short answer: not yet, and the reason sits in Dublin and Paris.
Crypto scamsSecurity Alert: Trezor tells CryptoBilis buyers to move funds after a reported implant in a Safe 5Trezor says a customer in Indonesia has reported a hardware implant inside a Trezor Safe 5 bought from the former reseller CryptoBilis. Trezor has not examined the device yet but calls the report credible, and tells anyone who bought from CryptoBilis since March 2026 to move funds to a new wallet with a new seed.
Bitcoin ETFsETF Desk: bitcoin ETFs add $17.2M on 29 Oct as ether funds lose $105.5MUS spot bitcoin funds took in a net $17.2 million on Thursday, 29 Oct, a fourth straight day of inflows but the smallest of the week, Farside data show. Ether funds lost $105.5 million, a fourth day of outflows. The figures cover US trading hours, before the Binance hack began.
BitcoinMacro Note: The BoJ holds at 1.25%, but one vote says it is lateThis note asks one thing: did the Bank of Japan's decision change anything for bitcoin? My answer is not today, but its message on inflation is the one to keep.
BitcoinThe biggest hack on record hit Binance. Bitcoin bent to $76,330, then bouncedYour Asia-afternoon, European-morning market read for Friday 30 Oct 2026.
Markets today
Prices from CoinLore, sentiment from Alternative.me| Coin | Price | 24h | 7 days | Market cap | Latest coverage |
|---|---|---|---|---|---|
| BitcoinBTC | $77,355.48 | 0.34% down | 5.11% down | $1.54T | Bitcoin heads into October’s last day 8% down. The September low gave way, for an hour |
| EthereumETH | $2,246.99 | 0.36% up | 6.20% down | $275B | Security Alert: Binance loses about $6.3B in the biggest crypto hack on record |
| SolanaSOL | $96.40 | 1.69% up | 7.79% down | $52.4B | Firedancer now charges a 1 SOL burn per bug report after a contest drew 809 submissions |
| XRPXRP | $1.26 | 2.50% up | 4.55% down | $75.2B | Evernorth signs Cantor equity line for up to 5.2M shares to buy XRP |
| Binance CoinBNB | $707.90 | 2.26% up | 5.17% down | $98.5B | Security Alert: Predict.fun users lose about 400,000 USDT as Myriad voids 10 rigged markets |
Total crypto market$2.61T0.93% down
Traded in 24 hours$468B
Share of the market
Bitcoin 59.1%Ether 10.5%Others 30.4%
Fear & Greed Index
30Fear30 yesterday
Understand the essentials
All guides
GuideWhat is a MiCA-compliant stablecoin? The EU’s rules, explainedUnder MiCA, a stablecoin offered in the EU needs an authorised issuer, full reserves and redemption at par. Here's what that means for you.
GuideWhat is a quantum attack on bitcoin? Exposed keys, explainedQuantum computers can't break bitcoin today. Here's what a future attack would target, why some coins are more exposed than others and what you can do.
GuideWhat are tokenized stocks? How on-chain shares work and what you ownTokenized stocks are crypto tokens that track a company's shares. Some are real shares recorded on a blockchain; many are a separate product that only follows the price. This guide explains the models, the rules in the US and EU, and what can go wrong.
GuideWhat are crypto liquidations? How leverage can wipe out a tradeCrypto liquidations happen when an exchange automatically closes a trader's leveraged position because losses have eaten through the collateral, or margin, backing it. The trader loses most or all of that margin. Liquidations are why crypto prices sometimes fall or jump much faster than the news alone would suggest.
GuideWhat is a crypto custodian? How custody works, and who holds your keysA crypto custodian is a company that safeguards the private keys to digital assets on behalf of clients. This guide explains how custody works, who the main types of custodian are, how the rules differ in the US and EU, and what can go wrong.
GuideWhat is DeFi lending? How crypto loans work without a bankDeFi lending lets you lend and borrow crypto through smart contracts instead of a bank. Borrowers lock up more collateral than they borrow, and anyone can liquidate a loan that becomes unsafe.
The desks
Every beat we cover, newest firstBitcoin
Macro Note: The ECB holds at 2.5% as US inflation runs hotter
- Thai Supreme Court rules bitcoin is property in a 2.48 BTC robbery
- Macro Note: Lagarde will leave the ECB on 7 Feb, nine months early
- Bitcoin Core’s new fast-fix policy gets its first test: three bugs found by an LLM
Ethereum
ENSv2 goes live as the ENS DAO freezes v1 .eth registrations
- Ethereum patches a Glamsterdam deposit flaw that could hand validator stakes to builders
- Arthur Hayes says Maelstrom sold its directional book; trackers count up to $26 million
- Sentora opens the first outside-curated Aave V4 markets, lending RLUSD, PYUSD and OUSD
Altcoins
CME lists BCH and UNI futures Monday after a 30% slide in UNI
- Aptos turns on an encrypted mempool that hides transactions until blocks are final
- StarkWare calls an independent Starknet L1 its ‘clearest path forward’
- Zcash price holds $1,300 after first weekly ETF outflow
Regulation
HTX exits the UK as FCA settles High Court case over crypto promotions
- Itaú formalises its crypto brokerage with Brazil’s central bank
- CFTC and Justice Department sue Utah to stop its case against Kalshi
- Binance applies for Brazil licence; 22 tokens and eight services cut for local users
Markets
The Fed holds and two officials vote for a hike. Bitcoin touches $81,700 and gives it back
- AI stocks lift the Nasdaq 1.2%. Bitcoin climbs back above $80,000 before the Fed
- Stocks rise into Fed week. Bitcoin ends Monday below $80,000
- Bitcoin dips below $80,000 as longs lose $404M. It ends near $80,400
Institutional
Strategy shareholders approve daily dividends on its four preferred stocks
- Strategy pauses bitcoin buying and spends $204.9M on STRC buybacks as Strive adds 6,182 BTC
- J.P. Morgan Asset Management brings its tokenized money market funds to Solana
- SpaceX and Tesla study a merger that would pool 30,221 bitcoin
Our reporters
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Alasdair Rennick
Mateo Varga
Folasade Arinze
Marguerite Ilunga
Hyun-woo Baek
Ludovico Ceccarelli
Riku Haverinen
Akriti SethBitcoin, Macro Analysis
Alex ChenDeFi, Market Analysis
Amara JeyasingheLayer 2, Blockchain Infrastructure
Begoña Iriondo
Dmitri Asante-LõhmusCrypto Security, Blockchain Forensics
Inés Arambarri
Oskar Halloran
Renata Okafor-BlaiseCrypto Regulation, CBDCs
Solène Nakashima-PrattNFTs, Web3 Culture
Tariq VestergaardDeFi Protocols, Smart Contracts
Teodor Branković
Akriti SethBitcoin, Macro Analysis
All news
160 articles, page 1 of 16
Real-world AssetsBank of England consults on tokenised collateral at clearing housesThe proposals cover tokenised versions of what clearing houses can already take. Everything else is only a question for now.
HyperliquidICE agrees to run Trade[XYZ]’s Hyperliquid perpetual markets for US retail tradersThe owner of the New York Stock Exchange wants a regulated, onshore version of contracts that today trade only offshore.
Crypto BankingWestpac to cap crypto exchange payments at A$10,000 a monthOne of Australia's big four banks is putting a monthly ceiling on how much customers can send to crypto exchanges.
CFTCUtah files criminal charges against Kalshi and its two co-foundersLast week Utah sued Kalshi. This week it charged it.
Bitcoin ETFsETF Desk: bitcoin ETFs take in $137.3M on 28 Oct, turning October positiveUS spot bitcoin funds took in a net $137.3 million on Wednesday, 28 Oct, a third straight day of inflows, with BlackRock's IBIT adding $136.0 million. That turned October positive for bitcoin funds, at $110.1 million after 20 sessions. Ether funds lost $21.4 million.
Crypto scamsSecurity Alert: Singapore police say tampered Ledger wallets from local shops cost buyers S$3.5MThe Singapore Police Force says Ledger hardware wallets bought from some retail stores in Singapore contained malicious components that could capture recovery phrases or private keys. At least two cases have been reported since 10 September, with losses of about S$3.5 million. Ledger is reviewing the cases.
BitcoinThe Fed bounce lasted one session. Bitcoin is back under $80,000Your Asia-afternoon, European-morning market read for Thursday 29 Oct 2026.
Crypto CrimeUS Treasury sanctions 11 targets in North Korean IT worker schemes, listing crypto addressesThe US Treasury sanctioned 10 individuals and one Russia-based entity it says run or finance North Korean IT worker schemes. It says one Russian national converted about $3.5 million in crypto for a designated North Korean company, and its list includes Ethereum and Tron addresses.
Real-world AssetsSecuritize plans Stellar integration for tokenized funds, but names no assets or launch dateThe NYSE-listed tokenization firm adds another chain to its menu on the day DTCC switched on its own service, which may add Stellar next year.
Real-world AssetsJPMorgan, Coca-Cola and Dell take OKXICE objection count to 33Two notices in two days add 11 names, among them a bank that signed up to DTCC's tokenization service the same week.