Tag: 84B

USDT’s Market Cap Soars Beyond $84b Amid Positive Crypto Market Sentiments

Tether’s (USDT) market capitalization reaches a record $84 billion as the crypto rallies. The market capitalization of the leading stablecoin Tether (USDT) exceeded $84 billion this week, a record milestone. It was attributed to upbeat market moods generated by the expected launch of a Bitcoin spot ETF. The eventful week was also marked by market fluctuations due to surges in prices that led to the closing of short derivatives positions. Market participants seem to be flocking to Tether as a safe haven to inject liquidity into the volatile cryptocurrency market.…

JPMorgan Hikes 2023 Key Revenue Target to $84B Following Its First Republic Acquisition

Banking powerhouse JPMorgan recently increased its 2023 revenue target by $3 billion on improved operational prospects.  JPMorgan Chase (NYSE: JPM) has increased its 2023 key revenue target to $84 billion following its acquisition of First Republic earlier this month. The New York-based banking giant revealed the projected performance at an investor presentation Monday which should last throughout the day. Details of JPMorgan Revenue Target Development The new JPMorgan revenue target is $3 billion higher than the guidance given in April following the bank’s commendable Q1 2023 results. At the time,…

Founder of $8.4B Dogecoin sold everything in 2015 for ‘a used Honda Civic’

boss

Dogecoin founder Billy Markus has revealed that he sold off his DOGE stash in 2015 for an amount equivalent to a used Honda Civic. Markus made the comment in an open letter to the r/dogecoin subreddit earlier this week in which he sought to introduce himself to new members of the community and outline what he believes is the “true value” of DOGE after the Dogecoin mania that saw it gain 900% since late January. In the post, he provided context on the history of Dogecoin, in what appears to…