August 1 BTCUSD BingX Chart Analysis and Today's Headline

BTC has been experiencing extremely low trading volume throughout the day, and currently, its resistance and support levels are quite clear. As time accumulates, any one-sided market movement will become more rapid and direct. The prices to pay close attention to are 29,000 and 30,000, as a breakthrough and consolidation at these levels would be suitable for further trading opportunities.

Tether Q2 Financial Report: Excess Reserves Increase by $850 Million, Reaching $3.3 Billion

Tether has released its Q2 financial report, which includes an audit opinion completed by independent accounting firm BDO for the second quarter of 2023. The report provides a detailed breakdown of the assets held by the company as of June 30, 2023. The consolidated total assets amount to at least $86.4 billion. The total liabilities amount to $83.2 billion, with $83.1 billion related to issued digital tokens. The consolidated assets exceed the consolidated liabilities. Tether holds 85% of its investments in the form of cash and cash equivalents, with the value of held treasury bills estimated at approximately $72.5 billion. The report also discloses a stock buyback of $115 million and additional investments in energy-related initiatives funded by the profits of the quarter.

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