The pair of run-down beachfront properties, worth $3 million, were pegged for a luxury development, but a fresh “for rent” sign has gone up.
https://www.thepress.co.nz/nz-news/360893453/another-summer-sumners-bastion-misfits-surfer-flats-under-demolition-threat
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22 Purrfectly Timed Cat Pics of the Meowgical Moments We Usually Miss
Cats are incredibly cryptic creatures. They convey a whole lot through their body language, little noises and looks. But not a single thing of what they convey is spelled out clearly. They always leave something to be unveiled between the lines. For some of us cat lovers, sensing the unsaid parts of their communication comes like second nature. While for others, it is something that completely goes over our heads. But today, no matter what kind of cat lover you are we have collected this list of purrfectly timed cat photos to reveal all the tiny little moments that we manage to miss, time and time again. Putting them on display, such that once and for all the debate as to whether cats are actually clever enough to communicate between the lines can be settled. So settle in for quite the curious collection of cats.
Tether Under Pressure After S&P Warns Its Bitcoin Holdings Raise Stability Risks
The post Tether Under Pressure After S&P Warns Its Bitcoin Holdings Raise Stability Risks appeared on BitcoinEthereumNews.com. Bitcoin Concerns about the composition of Tether’s reserves have resurfaced after S&P Global Ratings issued a downgrade targeting the backing of USDT, the world’s largest stablecoin. Key Takeaways S&P says Tether’s rising Bitcoin exposure increases sensitivity to market shocks. The agency now ranks the quality of USDT reserves as “weak,” not “constrained.” Tether disputes the verdict, insisting its balance sheet is overcapitalized and safer than legacy finance. Rather than questioning the peg itself, the agency highlighted the growing presence of volatile assets — particularly Bitcoin — inside the reserve mix. Why the Downgrade Happened S&P’s new assessment argues that the stablecoin issuer has moved further away from a conservative balance sheet. While Tether frequently promotes its holdings of U.S. Treasury bills, S&P says that the public reserves data paints a more complex picture that also includes corporate debt, secured loans, gold and a rapidly growing Bitcoin position. Analysts warned that if Bitcoin experiences a deep correction, the shift could meaningfully shrink the cushion protecting the peg — especially during moments of heightened redemptions. Rising Bitcoin Allocation Draws Most Scrutiny The latest transparency report from Tether revealed the biggest point of concern: the spike in Bitcoin holdings. The company now controls more than 87,700 BTC, representing 5.4% of reserves, compared to 3.6% previously. USDT’s circulating market value is around $184 billion, meaning sharp BTC drawdowns carry measurable collateral implications. S&P analysts Rebecca Mun and Mohamed Damak said that in extreme downside scenarios, USDT could temporarily become undercollateralized, not because of Treasury exposure, but because of high-volatility assets sitting beside them. Tether Rejects The Criticism Tether’s leadership does not share the agency’s view. Paolo Ardoino responded publicly, saying that the downgrade demonstrates hostility from traditional finance rather than an objective measurement of risk. He claimed that Tether’s war chest is “overcapitalized” and…