Key Highlights: Nxum, a family firm connected to former White House crypto adviser Hines, earned millions of dollars handling campaign advertising for a Tether-affiliated political action committee. Senator Richard Blumenthal is ramping up scrutiny of Tether, Donald Trumpās crypto ventures, Binance, and ties between stablecoin operations and Cantor Fitzgerald. Tether CEO Paolo Ardoino pushed back ...
Key Highlights: Tether led a $15 million Series A funding round in fintech infrastructure startup Mural, bringing Mural’s total funding to $28 million. Mural, founded by former Palantir engineers, provides payment infrastructure across traditional banking networks and blockchains, serving clients including Deel and Opera. The investment signals Tether’s strategic expansion beyond stablecoin issuance into AI-driven ...
Key Highlights The Bank of Russia has expanded its official cryptocurrency exchange register to 10 entities, recently adding state banking giant Sberbank and Ryazan-based Paradise Technology. Firms admitted to the exchange and depository registers operate under transitional provisions of the federal law on digital currencies and digital rights, with a deadline for full compliance set ...
Key Highlights: Stablecoin issuer Tether froze illicitly transferred funds following an exploit, with onchain analytics firm Bitquery reporting that approximately $81 million remained traceable as of October 11. Hardware wallet manufacturer Ledger faced public criticism after attempting to isolate the incident to authorized reseller CryptoBilis, despite the vendor being officially listed on Ledger’s platform. Unlike ...
Key Highlights Tether quickly reversed the freezing of four THORChain USDT vaults on the TRON network after three hours, restoring access to $1.45 million in liquidity while keeping 19 other addresses frozen. TRON’s USDT supply expanded by 24.7% over the past year to $94.25 billion, elevating the network’s importance for cross-chain liquidity and everyday settlement. ...
Key Highlights: Blockchain intelligence firm Bitquery tracked 5.2 million Tether (USDT) transferred to three Binance deposit addresses via suspected over-the-counter intermediaries following a major crypto theft. The illicit flows do not indicate recovered assets, as funds were commingled with third-party capital, while previous conversion maneuvers through USDD were aimed at bypassing Tether freeze mechanisms. Hardware ...
Key Highlights: THORChainās TRON-based USDT vaults holding approximately $1.45 million were temporarily frozen before operations resumed roughly two hours later. Trading, signing, and liquidity actions on TRON halted during the freeze, causing an estimated $363,000 in payouts to become queued. The temporary restriction highlights the ongoing tension between decentralized protocol operations and centralized stablecoin issuer ...
Key Highlights: Hardware wallet provider Ledger warned customers who bought devices from official Southeast Asian reseller CryptoBilis within the last 90 days to halt setup or move funds following suspected security compromises. Security researchers estimate total losses between $86 million and $90 million across Bitcoin, Ethereum, and Tron, prompting stablecoin issuer Tether to freeze linked ...
Key Highlights: Senate investigators led by Senator Richard Blumenthal are probing Cantor Fitzgerald’s financial ties to Tether, citing potential national security risks linked to sanctioned actors. A Senate Subcommittee review discovered that 84% of 846 sanctioned, Iran-linked cryptocurrency wallets transacted almost entirely using Tether’s $USDT stablecoin. Tether CEO Paolo Ardoino defended the firm’s compliance record, ...
Key Highlights: Senator Richard Blumenthal has launched an inquiry scrutinizing Cantor Fitzgeraldās financial ties and custodial partnership with stablecoin issuer Tether. The probe centers on a significant valuation surge in Cantor’s Tether stake and distributions received by Commerce Secretary Howard Lutnick before stepping down from the firm. Blumenthal has requested extensive documentationāincluding compliance reviews, divestiture ...
Key Highlights Senator Richard Blumenthal has pressed Wall Street brokerage Cantor Fitzgerald over its custody relationship with stablecoin issuer Tether. Lawmakers are demanding information regarding Cantor Fitzgerald’s measures to probe allegations of illicit finance, Russia sanctions evasion, and Iranian shadow banking links involving Tether’s tokens. Shifting political winds in predictive markets show rising odds of ...
Key Highlights: Tether secured a board seat at Italian football club Juventus for nominee Francesco Garino following an investment that yielded an over 11% stake. Garino, accepted as an independent director, has acknowledged close, lifelong ties to Giancarlo Devasini, the CFO of Bitfinex and co-owner of Tether. Juventus shares have fallen over 30% since Tetherās ...