Foresight Daily

  • Bitcoin’s daily transaction fees have dropped to approximately 90 BTC and have been steadily declining for a week.
  • Tether has released its Q1 reserve breakdown, revealing that it holds over $53 billion worth of U.S. Treasury bonds, which account for more than 64% of its total reserves. The combination of Treasury bonds and other reserves in the form of cash and cash equivalents, such as overnight repos, term repos, money market funds, cash, and bank deposits, make up nearly 85% of its reserves, reaching an all-time high. Additionally, Tether reduced its bank deposits from $5.3 billion to $481 million during the first quarter to mitigate counterparty risk.