Cointime

Download App
iOS & Android

Tether Engages Big Four Firm for First Full Audit

On March 24, according to official news, Tether, the largest company in the digital asset industry, announced today that it has officially partnered with one of the "Big Four accounting firms" to complete its first comprehensive independent financial statement audit. This audit is expected to be one of the largest initial audits in the history of financial markets. The audit covers a highly complex portfolio of assets, including digital assets, traditional reserves, and tokenized liabilities.

Comments

All Comments

Recommended for you

  • Micron Technology Invests $250 Million in 'Trump Account'

    On June 30, Micron Technology (MU.O) announced a $250 million investment in the 'Trump Account', which will cover 1 million people. The 'Trump Account' program aims to provide eligible children with a one-time seed funding of $250. As part of this initiative, the company will introduce an employee matching benefit, offering up to $1,000 in matching funds for contributions to accounts for each child under 18.
  • Multiple Financial Giants Plan to Launch Stablecoin OUSD

    On June 30, dozens of financial institutions, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, are preparing to launch a new stablecoin called OUSD, aimed at building an on-chain dollar infrastructure for institutional payments and settlements. According to reports, OUSD will operate under a consortium model, with participating institutions sharing the reserve earnings and related revenue generated by the stablecoin. This indicates a shift in the stablecoin business model from being dominated by a single issuer to a revenue-sharing system involving payments, asset management, and crypto platforms, potentially accelerating the integration of traditional finance with on-chain payments.
  • Bank of America: Data Center Demand Still Underestimated

    On June 30, analysts at Bank of America stated in a research report that the outlook for the capital goods sector appears increasingly optimistic, with demand from data centers still underestimated among major industrial companies. These companies include Schneider Electric, ABB, Siemens, and Siemens Energy. Analysts noted that structural growth in infrastructure related to artificial intelligence will significantly expand the potential market size in the coming years. Stronger investments in power generation are leading indicators of future orders for electrical equipment, which should support continued growth in the grid and electrification businesses. The most attractive opportunities are expected to come from high-value areas such as power conversion, grid equipment, and cooling systems.
  • Becerra Urges Gas Retailers to Lower Prices for Independence Day

    On June 30, U.S. Treasury Secretary Becerra urged gas retailers to lower prices in alignment with the celebrations for the 250th anniversary of the founding of the United States this month, warning that the Trump administration is closely monitoring the situation. "I call on all gas retailers—whether they are large oil company affiliates, independently operated, or part of international convenience store chains—to demonstrate good corporate behavior," Becerra stated, "especially at this significant moment of the 250th anniversary, as we are closely watching."
  • U.S. Stock Index Futures Turn Lower

    On June 30, Dow Jones futures fell by 0.11%, S&P 500 futures declined by 0.07%, and Nasdaq 100 futures decreased by 0.05%.
  • S&P 500 Set to Achieve Best Quarterly Close in Six Years

    On June 30, U.S. stock index futures rose slightly, with the S&P 500 index poised to record its best quarterly close in six years.
  • BTC Falls Below $59,000

    Market data shows that BTC has fallen below $59,000, currently priced at $58,981.23, with a 24-hour decline of 2.77%. The market is experiencing significant volatility, so please ensure proper risk management.
  • U.S. and Brent Crude Oil Prices Rise Over 1%

    On June 30, Brent crude oil rose over 1% during the day, currently priced at $74.42 per barrel. WTI crude oil reached $71 per barrel, increasing by 1.07% during the day.
  • Iran to Receive $3 Billion in Frozen Assets This Week

    According to sources cited by Saudi Arabia's Al Arabiya television, Iran and a U.S. delegation will hold indirect negotiations in Qatar tomorrow with the involvement of mediators. These indirect talks will focus on issues concerning the Strait of Hormuz and overall regional stability. Sources indicate that Iran will receive $3 billion in frozen assets by the end of this week. Delegations from both sides are expected to meet separately today with the Prime Minister of Qatar and Pakistani mediators in Doha.
  • BlackRock Downgrades Emerging Market Stock Rating Due to AI Risks

    On June 30, BlackRock's research arm noted in its Mid-Year Global Investment Outlook report for 2026 that it holds a cautious stance on emerging market stocks while being optimistic about short- and medium-term government bonds in the Eurozone. The report highlighted the concentration risks associated with artificial intelligence for the former. Regarding the latter, it suggested that concerns over interest rate prospects seem to be overblown. The world's largest asset management company has downgraded its rating for emerging market stocks over the next 6 to 12 months from 'overweight' to 'neutral.' The report pointed out risks in markets like South Korea, which are heavily reliant on AI-related companies.