MARKETS DAILY: Featured Story | Tether Is Going on a Bitcoin Buying Spree, but It Should Be Holding Cash

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Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 6 August 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

The USDT issuer Tether says it holds a lot of U.S. Treasuries and made a lot of money last quarter. Today's episode is sponsored by Kraken Pro. Today’s featured story is an opinion piece from “Markets Daily” host George Kaloudis, titled: “Tether Is Going on a Bitcoin Buying Spree, but It Should Be Holding Cash.” - From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax. - This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. This episode used Wondercraft Voice AI. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9	Wondery, UK. That's audible.com slash Wondery UK.
0:49.7	This episode of Markets Daily is sponsored by Cracken.
0:58.2	Hey. This episode of Markets Daily is sponsored by Cracken. It's Sunday, August 6th, 2023, and this is Markets Daily from CoinDisk.
1:03.2	George Kulut is here again with your weekend story.
1:05.9	On today's show, we're going to do something a little bit different.
1:09.4	And just a reminder before we get into the
1:11.2	article, Korndesk is a news source and does not provide financial advice.
1:21.9	Today's weekend story features an opinion piece that I wrote. And since I am so immensely humble instead of reading it
1:28.6	myself, we're going to try something kind of strange and kind of new. We're going to have a
1:33.6	Wondercraft AI voice reading. Let us know what you think. The piece Wondercraft is going to read
1:39.8	is titled, Tether is going on a Bitcoin buying spree, but it should be holding cash.
1:46.4	I'll see you all on the other side.
1:51.2	One of the most absurd things in crypto right now is Tethers quarterly profits.
	...

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