Tether has exited two Bitcoin mining operations in Uruguay following a conflict with the state utility UTE over electricity supply, leading to a halt in mining activities and losses of about $120 million. The dispute arose from differing interpretations of power allocation limits and was exacerbated by political changes and contract negotiation failures. Despite initial plans to use Uruguay as a base for expanding mining across South America, rising electricity costs and reduced Bitcoin rewards have made the venture unprofitable. Tether continues to invest in mining and renewable energy projects in other countries like Brazil, while some miners shift focus to AI and high-performance computing due to shrinking Bitcoin margins.
Polkadot's (DOT) price surged 10.93% to $1.27 following a major reduction in its annual token issuance by 53.6%, lowering the supply growth and capping total supply at 2.1 billion DOT. Additionally, governance approval for dotUSD, an over-collaterali...
In Q3 2026, stablecoin card spending reached $4.31 billion, with TRON processing the largest share at $998 million, or 23.2% of the total. This growth reflects TRON's role as a key liquidity and settlement layer for USDT, a popular stablecoin. While ...
Stablecoin supply on Ethereum, Arbitrum One, and Base increased by $403.1 million over a week in October 2026, with Ethereum contributing the largest share of $243 million. Ethereum now holds about 47-48% of the total on-chain stablecoin supply, maki...
On October 9, 2026, Tether blacklisted four THORChain vault addresses on the Tron network, freezing about 1.45 million USDT and stopping THORChain's Tron-based cross-chain swaps. The freeze lasted roughly three hours before Tether removed the blackli...
Wallets linked to a $90 million Ledger distributor hack transferred 430.2 ETH (about $1.07 million) to Tornado Cash on Oct. 9, following Tether freezing related funds. The operators also swapped some USDT for USDD and moved part of the assets to a Bi...
