Survivors and relatives of terror attacks linked to Iran's IRGC have petitioned a Manhattan federal court to compel Tether to release $344 million in frozen USDT. These funds were immobilized after U.S. sanctions identified the assets as belonging to the IRGC, a designated terrorist entity. The petition argues Tether, which controls USDT centrally, has the capability and legal duty to redistribute these assets to victims holding judicial awards. This case is part of a broader legal strategy using cryptocurrency platform controls to enforce terrorism compensation claims. The court has yet to rule on the petition.
USDT's dominance in the crypto market has formed a bullish golden cross, indicating investors are shifting funds from riskier assets like bitcoin into stablecoins. This move suggests growing caution and risk aversion in the crypto market, as USDT dom...
Bitcoin slipped below $63,000 as markets reacted to expanding U.S. regulatory oversight by the CFTC, net outflows from Solana ETFs, and rising malware risks targeting macOS crypto wallets. The CFTC is increasing staff to handle growing crypto regulat...
Investors are exiting risk assets in the crypto market, with stablecoins gaining demand over altcoins and Ethereum. The stablecoin market cap has shrunk by over $7 billion in 21 days, while $400 billion has left the crypto market overall. Notably, Te...
Tether (USDT) briefly overtook Ethereum in market capitalization during a recent market sell-off, becoming the second-largest cryptocurrency. Bloomberg's Mike McGlone predicts that Bitcoin could face a severe crash down to $10,000 due to a looming ma...
Ethereum's market capitalization has fallen to about $186.263 billion, while Tether's stablecoin market cap rose to approximately $187.05 billion, marking a rare flip where Tether overtakes Ethereum. This shift is driven by increased demand for stabl...
