Tether’s $118B risk, MicroStrategy to buy more Bitcoin, Germany’s crypto crackdown

In today’s episode, we examine Tether’s response to growing transparency concerns around its $118 billion in reserves and the potential liquidity risks following the FTX collapse. We also discuss MicroStrategy’s plan to raise $1 billion to buy more Bitcoin, as well as the German government’s shutdown of 47 suspicious crypto exchanges over regulatory violations. In other news, we explore BlackRock’s SEC-approved options trading for its spot Bitcoin ETF, Iggy Azalea’s new crypto-friendly online casino, and the latest 2024 presidential election predictions on Polymarket. Tune in for all this and more from the world of crypto!

Further reading:

• Investors claim Tether’s $118B reserves may face audit and liquidity risks
• Germany seizes 47 crypto exchanges tied to ‘underground economy’
• Iggy Azalea unveils new online casino ‘Motherland’
• MicroStrategy raises $1.01B for Bitcoin acquisitions
• SEC approves options for BlackRock's spot Bitcoin ETF
• Kamala Harris leading in 4 of 6 swing states on Polymarket

This episode of Rise’n’Crypto is brought to you by Cointelegraph and was hosted by Savannah Fortis. You can follow Savannah on X.

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

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