Stablecoin issuer Tether has reported a significant profit of $5.2 billion in the first half of 2024. This impressive financial performance showcases the company’s strong position in the cryptocurrency market. Tether’s success highlights the growing popularity and demand for stablecoins in the digital currency ecosystem.
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Why MP Materials Stock Was a Massive Winner This Week
MP Materials, the only rare earth miner and processor in the U.S., saw its shares rise over 16% last week due to favorable news amidst a U.S.-China trade standoff. The company announced it would cease shipping rare earth concentrate to China, emphasizing that selling materials under high tariffs is not aligned with national interests, as much of its production serves clients outside China. While the bullish market reaction is notable, investors are cautioned about the...
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