Hey Waivly Crew! 🌊 Elon Musk sent the value of Milady Maker NFTs soaring on Wednesday after he tweeted a Milady meme. Tether holds $1.5 billion worth of Bitcoin in its reserves. 🎉 Get 75% Off Waivly+ By Joining Today | Offer Ends May 31st 🎉 Want more from us at Waivly? Join Waivly+, the premium Waivly membership that gives you access to Waivly Jobs, Waivly Learn posts, exclusive Web3, NFT, crypto, and tech content, insights, news, and more, all blended into one super low-cost and quick to join membership 🙌 Click here to get onboard and to become a Waivly+ Crew member! Elon Musk's Tweet causes surge in Milady NFT prices
On Wednesday, Milady Maker NFTs pumped in price following a tweet from Twitter CEO Elon Musk, who shared a meme showing one of the avatar NFTs. “There is no meme. I love you,” the text of the meme read, over an image of a Milady NFT. Shortly after Musk posted, the floor price of Milady NFTs spiked from 3.8 Ether (ETH) to as high as 7.3 ETH, before falling to 5.69 ETH apiece at the time of writing. Created in 2021 by digital arts collective Remilia, Milady is a collection of 9,823 anime profile picture NFTs "inspired by street-style tribes.” Artist Charlotte Fang founded the Remilia decentralized autonomous organization (DAO) and played a role in designing the collection. This is not the first time Musk has used Twitter to spark a crypto price spike. Last month, the price of Dogecoin shot up more than 35% after Musk changed the platform’s logo to the iconic meme of a Shiba Inu dog. The Waves🖼️ Meta open-sources multisensory AI model 😨 Warren Buffett compares AI to the atom bomb 💰 IRS says FTX owes $44 Billion 🚫 Argentina moves to tighten grip on crypto transactions Discover more Waves in the Waivly Discord. Click here to get onboard! 🌊 The #1 Private ETH Node for NFT & Crypto Traders The HyperNode is the ultimate tool for faster and more secure ETH transactions - Whether you’re minting NFTs, sniping art reveals, or trading sh*tcoins! With the HyperNode, you'll be able to: - Transact 2x as fast as ETH mainnet 🚀 - Mint and snipe NFTs faster, giving you an edge over the competition when it matters the most! 🔥
Ready to go to the next level? Join thousands of users who trust HyperNode for lightning-fast, hassle-free transactions. Get started with HyperNode now and experience the future of ETH transactions today! 👇 Crypto SpecialBinance looks to UK as US crypto crackdown intensifies
Binance, the world’s largest crypto exchange, has said a crackdown on crypto has made it “very difficult” to do business in the U.S. Patrick Hillmann, the company’s chief strategy officer, said at the Financial Times’ crypto and digital assets summit that the U.S. “has been very confusing over the past six months”. He pointed to the Securities and Exchange Commission’s actions against rival exchange Coinbase over alleged securities laws violations as a sign of how “the U.S. right now is in this weird place”. Meanwhile, he said the company would do “everything we possibly can” to secure approval in the U.K. In 2021, U.K.’s Financial Conduct Authority ordered Binance to stop all regulated activities in Britain, and last year a joint venture partner said the company had filed a “grossly inaccurate” annual report for one of its U.K. subsidiaries. However, in early February, Binance CEO Changpeng Zhao tweeted that he was “happy” to see progress being made in U.K. regulation, which he noted is “progressive.” In the U.S., Binance was sued by the CFTC back in March. The regulator alleged that the exchange has been operating in the country illegally. Tether has $1.5 billion in Bitcoin reserves
Tether, the company behind the world's biggest stablecoin, reported $1.48 billion in net profit for the first quarter of the year. According to its Q1 2023 attestation report, Tether’s reserves reached an all-time high of $2.44 billion — up from the $1.48 billion recorded in the last quarter of 2022. The company’s consolidated total assets amounted to $81.8 billion as of May 9th, while its consolidated total liabilities amounted to $79.4 billion, per the statement. For the first time, Tether included additional categories in its attestation report. These include bitcoin, physical gold, overnight repo, and corporate bond allocations. As of March 31st, Tether held $1.5 billion in bitcoin and $3.39 billion in precious metals, representing around 4% and 2% of its total reserves, respectively. Tether said the majority of its investments, about 85%, are being held in cash, cash equivalents, and other short-term deposits. "We continue to monitor the risk-adjusted return on all assets within our portfolio on an ongoing basis and expect to make further changes as the overall economic environment changes and the market cycle progresses as a part of our normal, ongoing risk management processes," said Paolo Ardoino, CTO of Tether. "Looking ahead to Q2, we have an extremely positive outlook and remain committed to transparency, which is why we have introduced new categories in the reserves' breakdown in our quarterly report to provide even greater transparency to our users," he added.
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