Wealth Infinity Club Media

🟢 Tether's Q1 2024 report details significant financial growth and increased transparency: ⚫A record Q1 net profit of $4.52bn, mainly from US Treasury holdings and gains in Bitcoin and Gold ⚫For the first time, Tether disclosed a net equity of $11.37bn, showcasing enhanced transparency ⚫90% of Tether-issued tokens are backed by cash and cash equivalents, ensuring robust liquidity ⚫Its strategic investments exceed $5bn in areas like AI and renewable energy

CZ, the founder of Binance has been sentenced to 4 months in prison. ⚫CZ's lawyers were asking for house arrest or probation period ⚫DOJ attorneys were asking for 3 years ⚫US Probation Department was recommending 5 months

#Ethereum is Pumping 🚀🚀 Pump Reason:👇 Franklin Templeton lists #EthereumETF on DTCC. Last time, we saw a similar listing happening with #BitcoinETF before approval 👀

🔡🔡🔡🔡 🇭🇰Hong Kong #Bitcoin ETFs launching in 4days. Chinese investors with Hong Kong residence permits will be allowed to buy shares in these Bitcoin ETFs.

💰 Bitcoin ETFs in the US drive higher crypto allocations among institutional investors Institutional investors increasingly sought exposure to crypto during the first quarter of the year following the launch of several US-based spot Bitcoin exchange-traded funds (ETFs) in January. The CoinShares Digital Fund Manager survey revealed that these institutional investors have significantly increased their digital asset allocations, reaching 3% in their portfolios. This marks the highest level since the survey’s inception in 2021.

FORTUNE: Over 9% of the #Bitcoin supply (1.8M #BTC, or 💵 $121B) has been inactive for over a decade, and around 1.5M #BTC may be lost forever.

JUST IN: Crypto Punk 635 has been sold for 4,000 $ETH ($12,405,000).