Tether reportedly paid $6.3 million to Nxum, a consulting firm co-owned by former White House cryptocurrency adviser Bo Hines, while he was involved in advancing the GENIUS Act, a federal stablecoin regulation law. Hines retained ownership in Nxum during his government service but the firm denied his involvement in dealings with Tether at that time. After leaving the White House, Hines joined Tether to lead its US stablecoin operations. The payments and Hines' role raised ethical questions as the GENIUS Act included provisions favorable to stablecoin issuers like Tether. The law's full implementation is still pending, with regulatory details expected by late 2026.
Tether's market cap stands at Rp3.301,17 trillion with a 24-hour trading volume of Rp1.513,93 trillion, reflecting significant liquidity as of Oct 15, 2026, 13:21 WIB. On Pluang, USDT is priced at Rp17.899, showing a slight 1-day increase of 0.03%. Despite the recent report on payments linked to a former adviser, Tether's trading activity remains steady with a typical hold time of 91 days and a majority of sell orders at 67%.
Tether sent about $6.3 million to Nxum, a consulting firm co-founded by Bo Hines, during the time he served as executive director of the White House's digital assets council. Hines later became CEO of Tether's US operations. This has raised conflict-...
The upcoming CPI data release, expected at 3.6%, could influence Federal Reserve rate decisions and market volatility, impacting Bitcoin's performance in November. Historically, November has been strong for Bitcoin, with significant returns, and rece...
Ethereum saw a $553.1 million increase in tokenized real-world assets (RWAs) over the past week, far outpacing other chains like zkSync Era and BNB Chain. This highlights Ethereum's dominance in institutional and regulated asset tokenization due to i...
In the last 24 hours, Bitcoin (BTC) and Ether (ETH) experienced net outflows of $170.35 million and $73.17 million respectively, indicating some investor withdrawal. Conversely, XRP and Solana (SOL) showed strong net inflows of $34.81 million and $31...
Tron's stablecoin market cap increased by $554.9 million over a single week ending October 11, 2026, driven mainly by Tether's USDT, which makes up 97.8% of Tron's $95.3 billion stablecoin supply. This growth outpaced competitors like OP Mainnet, whi...
