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-of-interest questions because Hines helped promote the GENIUS Act, a law regulating stablecoins like Tether's USDT. Nxum claims Hines was not involved in Tether business while in government, but payment records suggest otherwise, putting scrutiny on the timing and ethics of these transactions. This controversy could impact Tether's efforts to expand under the new stablecoin regulations.
Tether's USDT remains stable on Pluang, trading at Rp17.899 with a marginal 1-day increase of 0.02% as of Oct 15, 2026, 11:51 WIB. Despite the controversy over payments to Bo Hines' firm, USDT holds a significant market cap of Rp3.299,36 trillion and a high 24-hour trading volume of Rp1.487,4 trillion. The platform shows a majority sell order activity at 67%, contrasting with 33% buy orders, and investors typically hold USDT for about 91 days, indicating steady engagement despite regulatory scrutiny.
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...
In the latest 24-hour crypto fund flows, Ethereum experienced a net outflow of approximately $68.36 million, indicating investors pulled more funds out than they put in. Meanwhile, Solana (SOL), Tether (USDT), and Bitcoin (BTC) attracted net inflows ...
