A court filing alleges that Tether, the largest stablecoin issuer, influenced US stablecoin legislation through Howard Lutnick, its banker and Cantor Fitzgerald executive. Senators Warren and Wyden question a loan from Tether to a trust benefiting Lutnick's family, suggesting a conflict of interest tied to the GENIUS Act, which favored Tether's operations. The controversy raises concerns about regulatory fairness and national security risks, with calls for a full audit of Tether's reserves still unmet. Investors should watch for potential changes to the law and market confidence impacts if scrutiny intensifies.
Jack Mallers has stepped down as CEO of Twenty One, a Bitcoin treasury firm backed by Tether, after just seven months due to disagreements with the board over the company's future. His departure follows public questioning of Twenty One's financial me...
Bitcoin is trading near $66,300, showing price stability despite a decline in market buying power. On-chain data reveals stablecoins have been leaving crypto exchanges for 35 consecutive days, reducing liquidity needed to support Bitcoin demand. Addi...
Bitcoin and Ethereum experienced net inflows of approximately $216 million and $77 million respectively, indicating strong investor interest. In contrast, USD Coin (USDC) saw a significant net outflow of about $236 million, the largest among stableco...
Tether's USDT stablecoin market cap fell by about $5.4 billion from May to July 2026, dropping from nearly $190 billion to around $184 billion. This decline is part of a broader $10 billion contraction in the stablecoin market, with USDT and USDC lea...
US stablecoin regulations under the GENIUS Act are tightening, with key rules due by mid-2026 and major restrictions starting in 2028. Tether's USDT, primarily a foreign-issued stablecoin, faces uncertainty in the US market unless it meets new compli...
