Huang Licheng's XPL 5x long position, which he added yesterday, has now made a profit of $1.178 million.

PANews reported on September 28 that Cathie Wood, founder and CEO of Ark Invest, said in an interview with "The Master Investor" podcast that she firmly believes that Bitcoin will become the largest cryptocurrency to date. She also shared her friendly disagreement with Fundstrat's Tom Lee, explaining why she believes Ethereum cannot surpass Bitcoin, despite her growing interest in Ethereum and recent purchases of BitMine stock. Wood said she prefers Bitcoin to Ethereum because Bitcoin will continue to expand in scale; it is a rules-based global monetary system, and as Layer 1 that has never been hacked, it is also the first platform to create an entirely new asset class. In contrast, although Ethereum provides support for DeFi, it is facing fierce competition from Layer 2.

The post Adam Wainwright Takes The Mound Again Honor Darryl Kile appeared on BitcoinEthereumNews.com. Adam Wainwright of the St. Louis Cardinals in the dugout during the second inning against the Miami Marlins at Busch Stadium on July 18, 2023 in St. Louis, Missouri. (Photo by Brandon Sloter/Image Of Sport/Getty Images) Getty Images St. Louis Cardinals lifer Adam Wainwright is a pretty easygoing guy, and not unlikely to talk with you about baseball traditions and barbecue, or even share a joke. That personality came out last week during our Zoom call when I mentioned for the first time that I’m a Chicago Cubs fan. He responded to the mention of my fandom, “So far, I don’t think this interview is going very well.” Yet, Wainwright will return to Busch Stadium on September 19 on a more serious note, this time to honor another former Cardinal and friend, the late Darryl Kile. Wainwright will take the mound not as a starting pitcher, but to throw out the game’s ceremonial first pitch. Joining him on the mound will be Kile’s daughter, Sierra, as the two help launch a new program called Playing with Heart. “Darryl’s passing was a reminder that heart disease doesn’t discriminate, even against elite athletes in peak physical shape,” Wainwright said. “This program is about helping people recognize the risks, take action, and hopefully save lives.” Wainwright, who played for the St. Louis Cardinals as a starting pitcher from 2005 to 2023, aims to merge the essence of baseball tradition with a crucial message about heart health. Kile, a beloved pitcher for the Cardinals, tragically passed away in 2002 at the age of 33 as a result of early-onset heart disease. His sudden death shook the baseball world and left a lasting impact on teammates, fans, and especially his family. Now, more than two decades later, Sierra Kile is stepping forward with Wainwright to…

The post Tether Pursues Major Private Funding Round with SoftBank Support appeared on BitcoinEthereumNews.com. Key Points: Tether seeks $15–20 billion in private funding for expansion. Potential $500 billion company valuation targeted by Tether. SoftBank and Ark Investments involved in major funding talks. Tether Holdings is reportedly seeking a private funding of $15–$20 billion, with participation from SoftBank Group and Ark Investment Management, potentially valuing the company at $500 billion. This funding round could significantly boost institutional investment in stablecoins, enhancing Tether’s market position, while intensifying scrutiny and impacting related cryptocurrencies like USDT, BTC, and ETH. Tether Eyes $500 Billion Valuation in New Funding Round Bloomberg Source: “Tether is reportedly in discussions for a $15–20 billion private funding round, potentially valuing the company at up to $500 billion. If successful, Tether’s funding round will shift market perceptions of stablecoins by potentially solidifying USDT’s position as a cornerstone asset in crypto trading. The participation of SoftBank and Ark Invest underscores their sustained interest in digital assets and blockchain technology. There have been no official statements from Tether executives or their potential investors regarding the funding round. The absence of direct confirmations has not dampened remarks on social media, where users anticipate significant market shifts. Notable figures have yet to provide public insights on these developments. Market Implications and Regulatory Concerns Surrounding Tether’s Funding Did you know?Past major funding rounds in crypto, such as Circle’s, have increased stablecoin adoption and scrutiny. Tether’s potential $500 billion valuation marks an unprecedented peak in stablecoin history. According to CoinMarketCap, USDT currently trades at $1.00 with a market capitalization of $174.26 billion, dominating 4.62% of the market. Over the past 24 hours, USDT’s trading volume reached $82.34 billion, decreasing by 43.37%. Recent price changes show slight declines, with a 0.01% drop in 24 hours and a 1.90% fall over the past week. Tether USDt(USDT), daily chart, screenshot on CoinMarketCap at 02:54…