Cointime update: A bitcoin treasury company tied to Tether reported a net profit of $1.087 billion in its first quarter. Separately, FinCEN identified crypto exchange MEXC as a money-laundering concern and barred US institutions from transacting with it. Paraguay will end special electricity contracts for crypto miners by the end of 2027, and Meta is internally testing a prediction-market app called Takes that does not support real-money betting.
Tether Treasury Firm Posts $1.087B First-Quarter Profit; FinCEN Flags MEXC
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