Some of the prominent shareholders in the company are Vanguard Group, ARK Invest led by Cathie Wood, Nikko Asset Management, Fidelity, and BlackRock.
Cryptocurrency prices took a steep plunge on Monday following the U.S. Securities and Exchange Commission (SEC)'s filing of a lawsuit against the crypto exchange and its CEO for numerous violations of federal securities laws.
ALSO: The put/call ratio for bitcoin options on exchanges has dropped to 0.47, indicating a decreased interest among investors in acquiring protection against potential price declines compared to the period before the U.S. debt ceiling bill was passed.
Lesser-known altcoins experienced a robust week while bitcoin and ether grappled with macroeconomic challenges.
Ether and other leading cryptocurrencies remained predominantly in the green throughout the day.
The troubled crypto lender has recently placed $745 million worth of ETH into staking contracts within the past 48 hours, further straining the already extensive waiting period for deploying new validators onto the Ethereum network.
USDT has surged to a market capitalization of $83.2 billion, successfully recuperating all the losses suffered since the collapse of the blockchain project Terra over a year ago.
The protocol's community decided to incorporate a new real-world asset vault, which would allocate funds to invest in U.S. Treasury bonds, up to the specified additional amount.
One expert suggests that the PBOC's anticipated intervention to curb yuan fluctuations might not only intensify the strengthening of the dollar index but also compound the troubles faced by the crypto market.
Analysts suggest that the recent boost in risk assets, including cryptocurrencies, due to improved liquidity conditions this year is likely to reverse once the U.S. debt ceiling is lifted and the Treasury, along with the Federal Reserve, resumes their tightening measures.