Bitcoin remains stuck below $80,000 following stronger-than-expected US payroll data that revived fears of a Federal Reserve rate hike. Despite a sharp drop and liquidations, market expectations for a Fed hike remain steady, with the upcoming CPI report seen as the real test. Meanwhile, Tether faces scrutiny after a security firm rated its USDT on Tron poorly due to risky administrative controls, though audits confirm solid reserves. Additionally, a hacker linked to a Coldcard exploit has moved $7.7 million in stolen Bitcoin, raising concerns. Altcoins show increased leverage and whale selling, signaling caution in the market. Other developments include delays in US crypto regulation votes and rising interest in Bitcoin ETFs.
Stablecoins such as Tether solve the volatility problem of cryptocurrencies like Bitcoin, making everyday crypto spending practical. By pegging their value to the US dollar and backing it with reserves, stablecoins maintain a steady value that allows...
Tether Capital has invested in AIsa, a platform that allows over 250,000 AI agents to autonomously pay for APIs, models, and data using stablecoins or fiat currency. AIsa charges per API call, supporting small, frequent payments that traditional paym...
In the past 24 hours, Bitcoin and Ether experienced significant net outflows of $324 million and $443 million respectively, indicating investors are pulling funds from these major cryptocurrencies. Meanwhile, stablecoins USDC and USDT saw net inflows...
Tether reportedly paid around $6.3 million to Nxum, a consulting firm partly owned by Bo Hines, a former senior White House cryptocurrency official. Hines helped advance the GENIUS Act, legislation affecting stablecoins like Tether, before leaving go...
Nxum, co-founded by former White House crypto adviser Bo Hines, earned $6.3 million from a consulting deal with Tether. Hines, who held a one-third stake in Nxum while in government, shared stablecoin bill strategies with partners and advocated for a...
