Q2 just closed.. positions are locked.. and corporate balance sheets are loaded!
Check your seatbelts, family.. this rocket is leaving the atmosphere!
Drop your top Q3 DAT picks below! 👇 To the moon! 🌕
Markets still open, will we go lower?
Tether holds more US goverment debt than South Korea. Around $141 billion in treasuries, making it the 17th largest holder of US debt on the planet. Not 17th largest company. 17th largest holder, period.
They have roughly 200 employees. They made $10 billion in 2025 and $13 billion in 2024. That might make them the most profitable company per employee in financial history tbh.
$186 billion in USDT is circulating right now. About half of all crypto trading volume touches USDT at some point. If Tether had a problem tomorrow, the entire market would feel it within minutes.
And until March 2026, they had never undergone a full independent audit. For over a decade they only published "attestations", which are basically snapshots that confirm numbers on a single day, not a deep look at how the money actually moves.
They finally engaged a Big Four accounting firm for a real audit earlier this year. Some people see that as proof they have nothing to hide. Others think it took way too long for a company sitting on $186 billion liabilities.
Ngl the crypto market is built on top of something most people have never actually looked into.
So does Tether's size make it too big to fail, or too big to trust?
Hey all! It's Brian from the Bitcoin Conference again 👋
i was just thinking about this post Jack Mallers posted earlier this month: https://x.com/jackmallers/status/2062172971678990577?s=20
on days like today, I feel it's very important to come back to this and remind ourselves why we're all here, why i'm here, and why this space and community are so amazing.
maybe you'll find this useful as well, but i just had to share it :)
"We’re living through the greatest wealth transfer in human history." 🫡
personally, i'm staying humble and stacking sats through the highs and lows.
anyway, i definitely want to think about this more in terms of utility. i think bitcoin's fundamentals, no matter the price, are strong, concrete and transcend conversations around price tbh
how do you usually think of bitcoin on days like today and what are your words of wisdom to new bitcoiners?
Great quote from his yesterday´s podcast.
Timestamped video to that part:
I've tracked my BTC purchases for a while with Delta. Since it doesn't connect to Strike, I always manually enter the transactions. As a reference, it always shows a "global average price" for specific times, which I then adjust to my actual purchase price. I've always noticed that my purchase price was randomly above or below the average price, all seeming to even out. But I noticed since June 16th all of my purchases seem to be consistently ~$100-150 above the average price.
While this does seem close to the ~0.22% listed in the FAQ, it seems like an abrupt change. Now they consistently seem to be right around ~0.2% instead of good fluctuation.
I guess mostly posting to share awareness that your recent purchases might be at the high end of the spread, even if it is still better than most other exchanges...
| Date | BTC/USD Avg | Purchase Price | Difference |
|---|---|---|---|
| 5/1/2026 | $77,034.26 | $77,008.97 | $25.29 |
| 5/2/2026 | $78,306.93 | $78,345.35 | $(38.42) |
| 5/3/2026 | $78,271.08 | $78,305.47 | $(34.39) |
| 5/4/2026 | $79,920.45 | $79,818.01 | $102.44 |
| 5/5/2026 | $80,929.43 | $80,938.89 | $(9.46) |
| 5/6/2026 | $81,473.57 | $81,492.95 | $(19.38) |
| 5/7/2026 | $81,397.13 | $81,446.49 | $(49.36) |
| 5/8/2026 | $79,482.76 | $79,469.15 | $13.61 |
| 5/9/2026 | $80,225.09 | $80,266.48 | $(41.39) |
| 5/10/2026 | $80,707.18 | $80,749.35 | $(42.17) |
| 5/11/2026 | $80,841.66 | $80,795.02 | $46.64 |
| 5/12/2026 | $81,010.86 | $80,994.61 | $16.25 |
| 5/13/2026 | $80,954.33 | $81,007.74 | $(53.41) |
| 5/14/2026 | $79,790.69 | $79,808.46 | $(17.77) |
| 5/15/2026 | $80,557.78 | $80,593.17 | $(35.39) |
| 5/16/2026 | $78,600.90 | $78,600.90 | $- |
| 5/17/2026 | $78,065.69 | $78,097.54 | $(31.85) |
| 5/18/2026 | $76,873.53 | $76,943.79 | $(70.26) |
| 5/19/2026 | $76,972.81 | $76,955.64 | $17.17 |
| 5/20/2026 | $77,317.87 | $77,333.54 | $(15.67) |
| 5/21/2026 | $77,538.08 | $77,498.35 | $39.73 |
| 5/22/2026 | $77,338.68 | $77,339.52 | $(0.84) |
| 5/23/2026 | $75,315.48 | $75,346.59 | $(31.11) |
| 5/24/2026 | $76,895.46 | $76,884.63 | $10.83 |
| 5/25/2026 | $77,319.49 | $77,339.52 | $(20.03) |
| 5/26/2026 | $76,833.85 | $76,837.37 | $(3.52) |
| 5/27/2026 | $75,719.04 | $75,731.76 | $(12.72) |
| 5/28/2026 | $73,048.68 | $73,094.07 | $(45.39) |
| 5/29/2026 | $73,673.47 | $73,697.40 | $(23.93) |
| 5/30/2026 | $73,493.48 | $73,505.09 | $(11.61) |
| 5/31/2026 | $73,950.52 | $73,937.15 | $13.37 |
| 6/1/2026 | $73,022.23 | $73,035.35 | $(13.12) |
| 6/2/2026 | $70,000.21 | $70,018.20 | $(17.99) |
| 6/3/2026 | $66,909.54 | $66,867.27 | $42.27 |
| 6/4/2026 | $63,969.86 | $64,010.24 | $(40.38) |
| 6/5/2026 | $61,877.24 | $61,879.27 | $(2.03) |
| 6/6/2026 | $60,742.47 | $60,744.12 | $(1.65) |
| 6/7/2026 | $62,108.18 | $62,032.82 | $75.36 |
| 6/8/2026 | $62,955.75 | $62,976.26 | $(20.51) |
| 6/9/2026 | $63,246.48 | $63,307.17 | $(60.69) |
| 6/10/2026 | $61,425.66 | $61,413.74 | $11.92 |
| 6/11/2026 | $62,706.44 | $62,690.03 | $16.41 |
| 6/12/2026 | $62,906.11 | $62,932.66 | $(26.55) |
| 6/13/2026 | $63,694.29 | $63,690.21 | $4.08 |
| 6/14/2026 | $64,253.57 | $64,263.22 | $(9.65) |
| 6/15/2026 | $65,789.46 | $65,767.84 | $21.62 |
| 6/16/2026 | $66,420.44 | $66,533.60 | $(113.16) |
| 6/17/2026 | $65,555.15 | $65,690.07 | $(134.92) |
| 6/18/2026 | $64,040.81 | $64,158.09 | $(117.28) |
| 6/19/2026 | $62,850.71 | $62,980.22 | $(129.51) |
| 6/20/2026 | $63,681.38 | $63,801.96 | $(120.58) |
| 6/21/2026 | $64,221.92 | $64,358.35 | $(136.43) |
| 6/22/2026 | $63,940.26 | $64,049.19 | $(108.93) |
| 6/23/2026 | $62,866.91 | $62,988.16 | $(121.25) |
| 6/24/2026 | $62,699.02 | $62,827.88 | $(128.86) |
| 6/25/2026 | $61,646.01 | $61,798.97 | $(152.96) |
| 6/26/2026 | $60,237.06 | $60,357.32 | $(120.26) |
With bitcoin near its yearly lows, there's never been a better dollar-for-sat moment.
Just out of curiosity. I've seen a few posts about Jack Mallers being treacherous.
Can anyone shed some light on this situation?
Note: I misspelt his name, but reddit won't let me edit the title.
Markets still open, will we go lower?