Ex-Tether Investment Chief Seeks to Sell Portion of 1.26% Stake in Firm

·1 views

Richard Heathcote, former investment chief at Tether, is looking to offload a small portion of his 1.26% stake in the stablecoin issuer, according to Bloomberg. Heathcote has reportedly engaged investment bank PJT Partners to help identify potential buyers. The move follows his transition from an executive role to an advisory position at the company. Tether is the issuer of USDT, one of the world's largest stablecoins by market capitalization.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Brokerages Initiate SpaceX Coverage with Bullish Ratings After $75B IPO

Several major brokerages launched their research coverage of SpaceX on Tuesday, largely assigning buy ratings to the company's stock. The initiations follow SpaceX's initial public offering in June, which valued the company at $75 billion. Analysts appear broadly optimistic about the company's growth prospects going forward. The wave of post-IPO research marks a significant milestone in SpaceX's transition to a publicly traded company.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Vanguard Seeks Digital Assets Leader as Crypto Strategy Shifts

Vanguard, the global investment management giant, has launched a search for a new digital assets leadership role. The position will be responsible for overseeing the firm's initiatives in tokenization, stablecoins, and blockchain technology. This move signals a notable shift in Vanguard's approach to digital assets, a space the company has historically been cautious about. The hiring effort suggests the firm is actively reassessing how it engages with the evolving cryptocurrency and blockchain landscape.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

AI Infrastructure Trade Cools as Investors Reassess Spending Outlook

The AI infrastructure investment trade is losing momentum as market realities prompt a broader reassessment among investors. Despite record earnings from key players, rising competition within the sector is adding pressure to valuations. Growing concerns about a potential slowdown in AI-related spending have further unsettled investor confidence. These combined factors are pushing market participants to take a closer look at one of the most prominent trades in recent memory.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

EDX Markets Secures $76M Funding Round Led by Japan's SBI Holdings

EDX Markets has raised $76 million in a funding round led by SBI Holdings, a major Japanese financial group. The crypto exchange is designed specifically for institutional clients rather than retail investors. EDX operates by separating its trading functions from custody services through a central clearinghouse structure. This model is intended to reduce counterparty risk, a key concern for large institutional participants in crypto markets.

0 comments Read more at CoinDesk