August 1, 2026·Bullish·institutional

Tether Reports $1.5B Q2 Operating Profit, Adds Gold and BTC

Tether announced a $1.5 billion operating profit for Q2 and added gold and Bitcoin to its reserves, diversifying its backing beyond cash equivalents. Bitcoin opened August near $63,000 after a solid July, with traders anticipating a volatile month.

Detected & updated continuously · Source: Nebula

Mentioned

Bitcoin (btc)

@tether

Sources

@GroveXchange

Daily Crypto News 📰 1️⃣BTC opens August near $63k after a solid July (+~7-9%). Traders bracing for a historically choppy month ahead. 2️⃣Tether drops Q2 numbers: $1.5B operating profit. Added gold + BTC to reserves, but excess buffer halved to ~$4.1B. 3️⃣Pumpfun drama: Ex-staff https://t.co/52g0T7bjKo