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Tether Reports $10 Billion Profit in 2025 So Far—Here's How That Compares to the Big Banks
Yahoo Finance· 2025-10-31 18:26
Core Insights - Tether reported a profit of $10 billion for the first three quarters of 2025, positioning itself among the most profitable financial institutions globally [1][2] - Tether's net income surpasses that of Bank of America and U.S. Bank, and is close to the earnings of Morgan Stanley and Goldman Sachs [2][3] - The company is on track to exceed its previous year's profit of $13 billion, which was just shy of Goldman Sachs' earnings [3] Financial Performance - Tether's profit of $10 billion is greater than Bank of America's $8.9 billion and nearly double U.S. Bank's $5.5 billion for the same period [2] - The company issued over $17 billion worth of USDT in Q3, increasing its circulating supply to over $184 billion [4] - Tether holds approximately $135 billion in U.S. Treasuries, ranking it among the top global holders of such assets [6] Market Position - Tether has over 500 million users, making it a significant player in financial inclusion, particularly in emerging markets [5] - The company is making efforts to expand its presence in the U.S. market following regulatory developments [6]
AlphaTON Capital Announces Strategic Investment in GPU Infrastructure to Power Cocoon Decentralized AI Network
Globenewswire· 2025-10-29 14:46
Core Insights - AlphaTON Capital plans to invest significantly in GPU and data center resources to support the launch of Cocoon, a decentralized AI infrastructure announced by Telegram founder Pavel Durov [1][2][3] - Cocoon aims to provide secure and private AI inference through a distributed network, where developers will compensate GPU owners with TON cryptocurrency for processing requests [2][4] - The launch of Cocoon is seen as a pivotal moment in the integration of blockchain technology, data protection, and artificial intelligence [3][4] Company Strategy - AlphaTON Capital is committed to becoming a key contributor to the Cocoon ecosystem by deploying enterprise-grade GPU infrastructure to ensure sufficient computational capacity for major applications [3][4] - The company will utilize next-generation high-memory GPU models optimized for AI workloads across strategically located data centers, focusing on reliability and processing capacity [3][4] - AlphaTON Capital's participation highlights its strategic focus on the TON blockchain and Telegram-based AI applications, with the Cocoon network set to launch in November 2025 [4] Market Position - The Cocoon network is positioned to address a critical market need for privacy and security in AI, with AlphaTON Capital uniquely positioned as both a participant in the TON ecosystem and an infrastructure provider [4][6] - The company aims to provide institutional-grade exposure to the TON ecosystem and Telegram's extensive user base, leveraging its treasury strategy that includes direct token acquisition and strategic investments [6][7]
X @Chainlink
Chainlink· 2025-10-29 14:25
RT Aethir Ecosystem (@AethirEco)Ecosystem Partner Spotlight: Chainlink ⬡The AI Unbundled Alliance leveled up with @chainlink, the all-in-one oracle platform, to push the mission of decentralized AI to new heights.With Chainlink having joined the AI Unbundled Alliance, developers are in for a treat 🍬🧵👇 https://t.co/cWvizX6Sa0 ...
Deutsche Digital Assets and Safello Launch Staked TAO ETP — New Wave of Crypto Products?
Yahoo Finance· 2025-10-29 13:42
Core Insights - Deutsche Digital Assets (DDA) has partnered with Safello to launch the Safello Bittensor Staked TAO exchange traded product (ETP) on the SIX Swiss Exchange under the ticker STAO [1][2] - The ETP provides a regulated investment vehicle for exposure to Bittensor (TAO), a blockchain network that integrates decentralized AI and open-source machine learning, with 100% of the product backed by physically held TAO in cold custody [2][4] - The STAO ETP is a total return product tracking the Kaiko Safello Staked Bittensor Index (KSSTAO Index) with a maximum management fee of 1.49%, allowing investors to earn staking rewards that are reinvested for compound growth [3][6] Company and Industry Developments - The launch emphasizes the convergence of decentralized technology and AI, showcasing the potential for reshaping value creation in the future [4][5] - DDA's white-label ETP platform supports the development of regulated digital asset products, providing Safello with access to regulatory infrastructure and index management capabilities [4][5] - The introduction of STAO reflects a growing trend among investors seeking institutional-grade access to decentralized finance (DeFi) and AI-driven assets within traditional financial frameworks [6]
NextGen Signs LOI with Resi Labs to Scale AI Real Estate Subnet on Bittensor
Globenewswire· 2025-10-28 11:30
Core Viewpoint - NextGen Digital Platforms Inc. has entered into a non-binding Letter of Intent with RESI Inc. to explore a potential joint venture aimed at developing and scaling Resi's AI-based real estate intelligence platform [1][2]. Transaction Overview - The parties aim to negotiate a definitive agreement within 30 days of signing the LOI [3]. - The proposed structure is designed to align NextGen with Resi's commercial growth, providing exposure to Resi's Bittensor subnet and potential future revenues from its AI platform [4]. Strategic Significance - The partnership is expected to enhance NextGen's involvement in the Bittensor ecosystem, a decentralized AI network where subnets compete to deliver specialized intelligence [7]. - This transaction, along with a previously announced TAO staking initiative, would extend NextGen's exposure to both infrastructure and application layers in the sector [7]. Investment Details - NextGen plans to invest US $200,000 in Resi through a Simple Agreement for Future Equity with a US $20 million valuation cap, allocating 75% to working capital and 25% to sales and business development [8]. - Additionally, NextGen intends to purchase US $100,000 of Resi's Alpha tokens, which will be subject to a six-month lock-up period [8]. Leadership and Expertise - Resi is led by Seby Rubino, who has significant experience in machine learning, real estate technology, and decentralized systems, which is expected to be valuable for pursuing technical and commercial opportunities [6].
X @Cointelegraph
Cointelegraph· 2025-10-27 09:01
Market Need & Solution - Over 400 million SMEs lack access to advanced AI due to cost and complexity [1] - MWX AI aims to democratize enterprise tech for SMEs through a decentralized agentic AI marketplace [1] - MWX offers plug-and-play AI agents to automate processes and scale output for SMEs [1] MWX AI Platform - MWX AI is the first global decentralized agentic AI marketplace for SMEs [1] - The platform is powered by the MWXT utility token with a deflationary burn model [1]
X @Decrypt
Decrypt· 2025-10-24 15:45
Tether Launches Decentralized AI App, Dataset to Challenge Big Tech Dominance► https://t.co/vLwHO6gx7E https://t.co/vLwHO6gx7E ...
LBank at 10: Czhang Lin on Evolving from Value Discoverer to Narrative Shaper
Yahoo Finance· 2025-10-22 11:30
LBank at 10: Czhang Lin. Photo by BeInCrypto As LBank celebrates its 10th anniversary, the global crypto exchange powerhouse is doubling down on its vision for Web3 innovation with the launch of a $1 billion Talent Program. Known as the "100x Gems Hub," LBank has built a reputation for spotting high-potential early-stage projects and fostering a global ecosystem, consistently staying ahead of industry trends. In this exclusive interview conducted by BeinCrypto, Czhang Lin, LBank Partner and Head of LBank ...
X @Crypto Rover
Crypto Rover· 2025-10-20 07:28
Project Overview - A new AI-powered Layer 2 solution named TensoraL2 ($TORA) is emerging on the BNB Chain, exclusively launched on Binance Web3 (FourMeme) [1] - TensoraL2 is built with the OP Stack [1] - The project aims to provide decentralized AI, real compute, and scalability [1] Technology and Functionality - TensoraL2's infrastructure, including bridge, explorer, and contracts, is already live [1] - The project is positioned as a Bittensor-like platform operating on the BSC (Binance Smart Chain) [1] Token Information - The native token of TensoraL2 is $TORA [1] Resources - Project information is available on X (@TensoraL2) and the project website [1] - Chart data is available at the provided link [1]