Tether Holdings, the company behind the world’s largest stablecoin, Tether, reported a record net profit of $4.52 billion in the first quarter of 2024. Tether also revealed its net equity for the first time, which stands at $11.37 billion as of March 31. This represents a significant increase from the $7.01 billion worth of equity…

EigenLayer — the largest Ethereum restaking protocol — has received over 12,412 withdrawal requests following widespread disappointment surrounding its planned EIGEN airdrop. Mass withdrawal requests started on April 29, when EigenLayer saw over 4,336 daily withdrawals, rising to 6,496 on April 30, according to Dune data. The restaking protocol amassed over 12,412 withdrawals in the past three…

Bitcoin’s market share has dipped slightly, leading crypto analysts to speculate that it may have reached its peak as traders shift their focus to altcoins. “Bitcoin dominance has likely peaked,” founder of trading firm MNTrading Michaël van de Poppe claimed in a May 1 X post while explaining that “the bottom for altcoins is likely in.” “Altcoins start…