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Wu Blockchain· 2026-05-01 12:24
Tether Q1 Profit Hits $1.04B, Reserve Buffer Reaches Record $8.23BTether reported approximately $1.04 billion in net profit for Q1 2026, with excess reserves rising to a record $8.23 billion, according to its latest attestation. As of March 31, total assets stood at about $191.8 billion against liabilities of $183.5 billion. Reserves remain heavily allocated to U.S. Treasuries (~$141 billion), alongside ~$20 billion in gold and ~$7 billion in Bitcoin. https://t.co/RediHrWEYn ...
X @Wu Blockchain
Wu Blockchain· 2026-05-01 11:58
Brazil Central Bank Updates eFX Rules, Bans Crypto for Cross-Border TransfersBrazil’s central bank has issued Resolution BCB No. 561, revising rules for international payment and transfer services (eFX). The regulation explicitly prohibits the use of crypto assets in cross-border transactions, requiring all payments to be conducted via FX operations or regulated accounts.The update also tightens compliance requirements, sets transaction limits and mandates reporting, KYC procedures, and data retention for u ...
X @Wu Blockchain
Wu Blockchain· 2026-05-01 06:03
SBI Holdings in Talks to Acquire Bitbank as SubsidiarySBI Holdings announced it has entered discussions with Bitbank to form a capital and business alliance, aiming to make Bitbank a consolidated subsidiary through a potential share acquisition after due diligence. The timing and structure remain undisclosed. ...
X @Wu Blockchain
Wu Blockchain· 2026-05-01 05:27
JPX Targets Crypto ETF Launch as Early as 2027According to Bloomberg, Hiromi Yamaji, CEO of Japan Exchange Group (JPX), Japan’s largest securities exchange holding company, stated that JPX will move forward with preparations to list crypto asset ETFs once relevant legal reforms and tax treatments are clarified, with the earliest launch possible in 2027, though it could be delayed to 2028 depending on legislative progress. ...
X @Wu Blockchain
Wu Blockchain· 2026-05-01 04:08
Bitcoin ETFs Turn Positive, Ethereum Outflows ContinueOn April 30 (ET), Bitcoin spot ETFs recorded a total net inflow of $14.7578 million, marking the first net inflow after three consecutive days of net outflows. Ethereum spot ETFs saw a total net outflow of $23.6426 million, extending their net outflow streak to four consecutive days. ...
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Wu Blockchain· 2026-04-30 19:00
Arbitrum SC Member: Why We Used Emergency Powers to Freeze $72M Linked to North Korean HackersIn an April 23 Coinage interview, Arbitrum Security Council member Griff Green @griffgreen explained using emergency powers to freeze $72 million controlled by North Korean hackers. He noted that while doing nothing posed no risk to the council, the existential threat to DeFi demanded action.The funds lingering in a Layer 2 address provided a window to coordinate with SEAL 911, triggering the first-ever 9-of-12 mul ...