HOW A COLORFUL INVESTOR PROFITED FROM A CRYPTO GIANT'S DEALMAKING

Summary from the TLDR Crypto newsletter

Tether is investing its massive profits into AI and neural implant companies with assistance from controversial tech investor Christian Angermayer. It has already spent $1.5 billion on majority stakes in Northern Data, a German data center operator, and brain-computer interface maker Blackrock Neurotech. These deals mark an expansion of Tether's business from stablecoins, where it earns $4 billion annually, into new technologies, though Angermayer has a questionable track record on past deals.