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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Tether CEO Warns of Dark Times, Backs Bitcoin as Safe Haven Asset
Tether CEO Paolo Ardoino highlights Bitcoin as a hedge alongside gold and land in uncertain market conditions.
Tether’s portfolio includes significant holdings in U.S. Treasuries, Bitcoin, and precious metals.
The Federal Reserve faces critical rate decisions as the U.S. job market data takes a sharp revision.
Tether CEO Paolo Ardoino issued a stark warning about the global economic outlook, stating that Bitcoin, gold, and land would serve as critical hedges against darker times ahead. His comments, which reflect deep concerns about the state of global markets, come in the wake of troubling U.S. employment data for March 2025
The job numbers were revised down by 911,000, a massive downward adjustment that is expected to influence monetary policy decisions in the coming months. With these figures casting doubt on the strength of the U.S. economy, the Federal Reserve is left to navigate a delicate path, deciding between a modest 0.25% or a more aggressive 0.5% interest rate cut next week.
Tether Shifts Toward Safe Haven Assets
Ardoino’s message emphasizes that Tether is positioning itself strategically to weather any economic turbulence. The company’s latest financial report, as of June 30, 2025, showed $162.57 billion in assets. A substantial portion of this is invested in U.S. Treasuries, totaling $105.5 billion. However, in an effort to diversify and strengthen its position, Tether also holds $8.93 billion in Bitcoin and $8.72 billion in precious metals
These assets are seen not only as investments but as safe havens during uncertain economic times, reflecting Ardoino's view that Bitcoin should be considered part of the same defensive asset group as traditional stores of value like gold and land.
Shifting Perceptions of Bitcoin
What stands out in Ardoino’s comments is the reframing of Bitcoin, not merely as a speculative asset but as a solid hedge in a time of market instability. Bitcoin's role in Tether’s portfolio is not just about capital appreciation but also about securing the company’s position against broader economic challenges. By including Bitcoin alongside gold and land, Tether is signaling that digital currencies, once viewed skeptically by traditional finance, are increasingly seen as a key component of a diversified, risk-averse strategy.
As global markets grapple with the implications of weaker job reports and looming policy decisions, the significance of Ardoino’s statement becomes clearer. The Federal Reserve's actions in response to the revised employment data will likely set the tone for economic policy throughout the rest of 2025. Amid this uncertainty, Tether's preparation, backed by Bitcoin and other hedging assets, positions the company to navigate whatever challenges lie ahead.
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