Tag: 75B

Over $7.5B in Tether (USDT) Redeemed in the Last Week as Stablecoin Anxiety Hits the Crypto Markets

Summary: Over $7.485 billion worth of Tether (USDT) has been redeemed for US dollars in the last week. The total supply of Tether (USDT) has reduced from the recent all-time high of $81.237 billion to $75.75 billion. The redemption of Tether and the decline of its circulating supply come on the backdrop of both UST and USDT depeging. Tether’s CTO has confirmed that USDT can keep up with market demand for the stablecoin and redemption services for USD. Over $7.485 billion worth of Tether (USDT) has been redeemed for US…

Chainlink’s total value secured surpasses $75B as DeFi continues to surge

The total value secured by the Chainlink network has officially surpassed $75 billion, marking a new milestone for the decentralized oracle solution that has become synonymous with price data services for the rapidly growing DeFi sector.  With the milestone, Chainlink has become “one of the most value securing forms of decentralized consensus on the planet,” according to protocol co-founder Sergey Nazarov. Chainlink is also one of the fastest-growing networks in all of crypto, with smart contract value secured growing by a factor of ten since last year.  2020 was a…

Microsoft Seals $7.5B Bethesda Deal, Takes on Fight with Sony in Gaming Industry

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With this deal, Microsoft gets control over ZeniMax’s worldwide operations as well as all of Bethesda’s popular franchises like Fallout, The Elder Scrolls, and Doom. In one of the biggest gaming acquisitions in its history, the technology giant Microsoft has finally sealed the $7.5 billion acquisition deal of Bethesda. Microsoft Corporation (NASDAQ: MSFT) had initially proposed the acquisition last year in September 2020. The deal actually consists of acquiring ZeniMax’s worldwide operations, the parent company of Bethesda. Before this, Microsoft’s second-biggest acquisition is the $2.5-billion buyout of Minecraft developer Mojan…