XMR/USDT 1W technicals show tightening consolidation around the 50-week EMA, weakening momentum and falling volume; market faces pivotal resistance and support levels that will determine whether a breakout or deeper pullback unfolds.
XRP fell out of crypto’s top three as Tether’s USDT overtook it after a sharp price slide. The shake-up highlights flight-to-stability dynamics and market jitters as traders reassess risk and liquidity conditions.
Tether has launched USDT0 and XAUt0 on Polygon, bringing dollar- and gold-linked stable assets to the network. The rollout aims to cut fees and speed settlement for payments, trading, and DeFi applications.
South Korea’s largest banks reportedly held talks with Tether and Circle to explore stablecoin partnerships, seeking regulated payment rails and crypto integration amid tightening oversight.
Tether and Rumble are making a significant move into the AI sector with a $1.17 billion acquisition of Northern Data. This strategic investment underscores their commitment to leveraging advanced technology in driving future growth.
Tether’s US Treasury holdings have reached an unprecedented $127 billion, surpassing South Korea’s foreign currency reserves. This milestone underscores Tether’s growing influence in the stablecoin market and its pivotal role in global finance.
Tether reported a net profit of $4.9 billion for Q2 2024, driven by its significant asset holdings, including $4.7 billion in Bitcoin. In addition, the company allocated $4 billion towards various U.S. initiatives, underscoring its commitment to expanding its footprint in the region.
A Russian national is under investigation for allegedly laundering $530 million in cryptocurrency through Tether. Authorities claim the scheme utilized complex transactions to obscure the origin of the funds, raising concerns over regulatory practices in the crypto space.
Recent trial initiatives in Hong Kong allow Chinese nationals access to stablecoins, enhancing market liquidity. Tether and Circle’s supply growth underscores the increasing financial backing, potentially fueling a robust crypto rally as investors seek stability amidst volatility.
Executives from Blackstone and Tether are seeking $1 billion to develop a multitoken cryptocurrency treasury. This ambitious initiative aims to enhance digital asset liquidity and promote broader adoption of blockchain technology within financial ecosystems.