Senator Richard Blumenthal has requested detailed records from Tether and Nxum, a consulting firm co-founded by former White House crypto official Bo Hines, regarding millions of dollars paid by Tether to Nxum while Hines worked on stablecoin policy. The request includes contracts, payment details, and communications, with a deadline set for early November 2026. This inquiry follows reports that Tether paid Nxum over $6 million and that Hines maintained a stake in Nxum during his government tenure, raising federal ethics and lobbying concerns. The investigation may lead to further scrutiny of Tether's regulatory compliance and political influence.
Tether (USDT) maintains a substantial market cap of Rp3.298,83 trillion on Pluang as of Oct 23, 2026, 18:03 WIB, with a daily trading volume exceeding Rp1.027,32 trillion. The stablecoin's price is stable at Rp18.038, showing a slight 0.21% increase over the past day. Pluang users show balanced trading activity with 51% buying and 49% selling, and the typical hold time is 91 days, indicating steady investor interest despite ongoing regulatory scrutiny.
Senator Richard Blumenthal is investigating payments made by Tether to Nxum, a consulting firm co-founded by Bo Hines, a former White House crypto adviser now leading Tether's U.S. operations. The probe focuses on potential ethical and legal issues s...
Bitcoin experienced the largest outflow among cryptocurrencies with $403.44 million leaving, while tokens such as SOXLB and Ethereum saw notable inflows of $7.23 million and $5.17 million respectively. Funds also flowed into the crypto market from va...
In the past 24 hours, Bitcoin (BTC) and XRP experienced significant net outflows, with BTC seeing the largest withdrawal of $302.61 million. Meanwhile, stablecoins USDC and USDT posted net inflows, led by USDC's $183.59 million inflow. Ethereum (ETH)...
Extended is moving its settlement system from Starknet, an Ethereum Layer 2 solution, to Circle's Arc, a Layer 1 blockchain, starting Oct. 22 at 9 a.m. ET. During this transition, USDT will convert to USDC and Wrapped Bitcoin (wBTC) to cirBTC at a 1:...
On October 21, 2026, Bitfinex transferred $113 million worth of Tether (USDT) stablecoins to Tether Treasury. This large transaction between a major crypto exchange and the stablecoin issuer highlights significant movement in the crypto market. Howev...
