ImportantPANews
Tether's Q3 Net Operating Profit Reaches $1.5 Billion, Excess Reserves Rise to Nearly $8 Billion
Tether released its Q3 2026 financial data and attestation of reserves report, which was compiled by BDO, one of the world's top five accounting firms. As of September 30, Tether's total assets stood at approximately $191.5 billion, with total liabilities of around $183.5 billion, marking a surplus of assets over liabilities of roughly $7.955 billion, nearly doubling from the $4.1 billion recorded at the end of Q2. For the first three quarters of 2026, Tether's cumulative net operating profit reached $4.5 billion, with Q3 contributing $1.5 billion, on par with Q2. Its primary revenue sources are U.S. Treasury securities and reverse repurchase agreements. As of the end of Q3, Tether's direct and indirect exposure to U.S. Treasury securities amounted to $132.4 billion. Over the same period, the circulating supply of USDT remained largely stable at approximately $184 billion.
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View allFed's Logan: At Least Two More 25-Basis-Point Rate Hikes Are Required
2026 FOMC voter and Dallas Fed President Lorie Logan stated in a speech at Davidson College that the Federal Reserve needs to implement at least two additional 25-basis-point rate hikes. Skipping a policy meeting will not alter the ultimate policy objective; pausing after a cumulative 50 basis points of additional tightening will allow policymakers to assess subsequent policy actions. Logan noted that it is "unacceptable" for inflation to fail to decline to the 2% target, and the current 3.75% to 4.00% interest rate range is insufficient to achieve the inflation target. This week, the Federal Reserve voted 10-2 to hold interest rates unchanged, with Logan voting in favor of the decision.
Claude Renames Max 20x to Ultra and Removes Its 5-Hour Usage Cap
Claude posted on the X platform announcing a rebranding of its Max subscription tiers: Max 5x is renamed to Max, and Max 20x is renamed to Ultra, with pricing remaining at $100 and $200 per month respectively. Existing subscribers do not need to take any action. Effective immediately, the 5-hour usage limit for verified Ultra accounts has been lifted, with the majority of existing subscribers covered in the first rollout. Newer accounts will retain temporary restrictions until verification is completed to prevent fraud and abuse, and users will receive an email notification when restrictions are removed. The weekly usage limit remains unchanged.
BreakingSecret Service, FBI Join Binance Hack Probe as Circle Freezes $823 Million
Binance says it has set aside $6.34 billion to cover losses from the breach and the FBI and Secret Service are now working with the exchange as investigators trace the stolen funds.
zkLink Unveils Fund Recovery Plan: Attacker May Avoid Further Prosecution Upon Full Fund Return, and Retain 20% as Whitehat Bounty
zkLink announced that in response to the recent security incident affecting zkLink Nova, the team has launched a bounty program to facilitate the recovery of affected funds. Security researchers or whitehat contributors who provide information that materially assists in fund recovery may receive a reward of up to 20% of the recovered amount, with specific eligibility and reward amounts determined by zkLink based on the value of the submitted information. Furthermore, if the exploit actor returns all funds, they may retain 20% of the total as a whitehat bounty, and zkLink commits to taking no further legal action in relation to the returned funds. Relevant communications may be conducted via zkLink's official X account or designated email address.
Fed’s Barkin signals further rate hikes ahead with pace remaining the key question
Fed’s Barkin signals further rate hikes ahead with pace remaining the key question