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US Treasury sanctions $24B scam platform Xinbi as it shifts from Tether to rival stablecoin USDD

Market News
09 Sep 2026
Unchained
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Bearish
US Treasury sanctions $24B scam platform Xinbi as it shifts from Tether to rival stablecoin USDD

The US Treasury Department sanctioned Xinbi Guarantee, a Chinese-language scam marketplace that processed over $24 billion since 2022, accusing it of transnational criminal activity. Xinbi took over customers from the shut-down Huione Pay and moved to avoid law enforcement by shifting to encrypted messaging and a new wallet. Authorities froze $52.8 million in Tether wallets linked to Xinbi and seized infrastructure and digital wallets. Xinbi responded by condemning Tether's freezes and switching to USDD, a stablecoin without freeze controls. This crackdown highlights ongoing efforts to disrupt Southeast Asia-based crypto scams targeting US victims.

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Phase II study shows Vilamakitug improves 12-month survival in refractory metastatic colorectal cancer.

Phase II study shows Vilamakitug improves 12-month survival in refractory metastatic colorectal cancer.

XBiotech announced positive final results from the Phase II TASKIN study, showing that adding Vilamakitug (XB2001) to standard chemotherapy improved 12-month overall survival to 61.3% in patients with refractory metastatic colorectal cancer, surpassi...

Market News
Bullish
2 hours ago
XBiotech's phase II trial shows 61.3% 12-month survival in refractory metastatic colorectal cancer with vilamakitug.

XBiotech's phase II trial shows 61.3% 12-month survival in refractory metastatic colorectal cancer with vilamakitug.

XBiotech announced positive final efficacy results from its phase II TASKIN trial for vilamakitug (XB2001) in refractory metastatic colorectal cancer. The study, funded by the French National Cancer Institute, showed a 61.3% overall survival rate at ...

Company Fundamentals
Bullish
2 hours ago
Dorchester Minerals to acquire 4,300 net royalty acres in North Dakota's Williston Basin

Dorchester Minerals to acquire 4,300 net royalty acres in North Dakota's Williston Basin

Dorchester Minerals, L.P. has agreed to acquire mineral and royalty interests covering about 4,300 net royalty acres in three counties within North Dakota's Williston Basin. The deal involves a non-taxable contribution and exchange agreement with an ...

Company Fundamentals
Bullish
3 hours ago
BHP plans major underground expansion at Olympic Dam using block cave mining.

BHP plans major underground expansion at Olympic Dam using block cave mining.

BHP is preparing for a multi-billion-dollar underground expansion at its Olympic Dam copper mine in South Australia, using block cave mining to access more ore. This method allows cost-effective extraction of lower-grade ore by letting the rock above...

Market News
Bullish
4 hours ago
Hedera's HBAR token may trade between $0.07 and $0.08, with higher targets at $0.30, $0.60, and $1.

Hedera's HBAR token may trade between $0.07 and $0.08, with higher targets at $0.30, $0.60, and $1.

Crypto analyst Crypto Patel suggests Hedera's HBAR token could return to a price range of $0.07 to $0.08, slightly below its recent spot price of $0.08767 recorded on October 18. He also identified potential higher price targets at $0.30, $0.60, and ...

Analyst Insights
Neutral
4 hours ago
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