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 since payments were made while Hines was shaping crypto policy in the White House. Blumenthal has sent letters demanding details about these business arrangements amid broader scrutiny of Tether's activities. This investigation could intensify if Democrats regain Senate control, with crypto oversight as a key focus for Blumenthal's subcommittee.
Tether's USDT maintains a market cap of Rp3.303,46 trillion and a 24-hour trading volume of Rp1.224,91 trillion on Pluang as of Oct 23, 2026 06:03 WIB. The stablecoin's price is Rp17.998 with a slight 1-day increase of 0.09%, reflecting steady trading activity amid ongoing regulatory scrutiny. Buy orders slightly outnumber sell orders at 51% to 49%, and typical hold time on Pluang is 91 days, indicating moderate investor confidence despite the investigation news.
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...
On October 21, a large transfer of 500 million Tether (USDT), valued at about $499.8 million, moved from the Binance exchange to Tether Treasury, the issuer of USDT. This shift of a significant stablecoin amount from an exchange to its issuer is clos...
