Article
Tether Reports $1.04B Profit In Q1 As Treasury Holdings Top $140BN
Tether Reports $1.04B Profit In Q1 As Treasury Holdings Top $140BN
Authored by Nate Kostar via CoinTelegraph.com,
Stablecoin issuer Tether (USDT) reported $1.04 billion in net profit for the first quarter of 2026, as its excess reserves rose to a record $8.23 billion, according to its latest attestation on Friday.
The company said its reserves remain heavily concentrated in US Treasuries, with around $141 billion in direct and indirect exposure, while total assets of about $191.8 billion exceeded liabilities of approximately $183.5 billion as of March 31.
Tether said this level of exposure makes it...
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May 29, 2026 / Tyler Durden
Obama-Nominated Judge Orders Trump's Name Removed From Kennedy Center Building
Obama-Nominated Judge Orders Trump's Name Removed From Kennedy Center Building
Authored by Matthew Vadum via The Epoch Times,
A federal district judge on May 29 ordered that President Donald Trump’s name be removed from the John F. Kennedy Center for the Performing Arts and blocked officials from shuttering the venue for two years for renovations.
Obama-nominated, Washington-based Judge Christopher R. Cooper issued an order temporarily halting the closure and preventing the name change.
“Congress gave the Kennedy Center its name, and only Congress can change it,” the judge said.
The new ruling came in...
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Oct 28, 2026 / Tyler Durden
US Military's Drug-Boat Strikes Have Now Killed At Least 240 People
US Military's Drug-Boat Strikes Have Now Killed At Least 240 People
Authored by Austin Campbell via Task & Purpose,The U.S. military killed five people Tuesday aboard what Southern Command described as a "go-fast vessel" associated with "narco-terrorists" in the eastern Pacific Ocean, bringing the death toll from its campaign against suspected drug traffickers to at least 240 since September 2025.U.S. Southern Command said Joint Task Force Western Hemisphere carried out the Oct. 27 strike against a speedboat traveling along known drug-trafficking routes.The command said intelligence confirmed the vessel's involvement in...
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Sep 8, 2026 / Tyler Durden
Where's The 1929-Style Collapse MSM Predicted? UBS Finds Global Exports Surging To "Historically High Levels"
Where's The 1929-Style Collapse MSM Predicted? UBS Finds Global Exports Surging To "Historically High Levels"
Last year, lefty corporate media outlets pushed the narrative that President Trump's trade war with the world could trigger a 1929-style economic collapse. However, a new UBS report presents a markedly different picture: global trade growth is running at historically high levels, supported by AI-related demand and rising export prices.
Let's take a trip in the "wayback machine" and look at Bloomberg's headlines when Trump was ratcheting up the trade war with China in early 2025. The outlet...
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