ChainCatcher news, according to Lookonchain monitoring, in the past 2 days, a wallet associated with Cumberland received 454 million USDT from Tether and deposited it into Coinbase, Binance, Bybit, OKX, Kraken, and other trading platforms.

ChainCatcher news, according to Bloomberg, former private equity giant Blackstone's dealmaker is teaming up with Tether co-founder to establish a publicly listed crypto fund with a scale of $1 billion, aimed at building a diversified digital asset portfolio.According to insiders, the fund is raising capital through the SPAC (Special Purpose Acquisition Company) M3-Brigade Acquisition V Corp. supported by both parties, and plans to allocate various crypto assets including Bitcoin, Ethereum, and Solana. Due to the confidentiality of the negotiations, these individuals requested anonymity.The fundraising is still ongoing, and specific details, including the $1 billion target, may still be adjusted.

ChainCatcher news, according to The Wall Street Journal, the upcoming "GENIUS Act" to be passed by the U.S. Congress will incorporate stablecoins into the mainstream financial system, a piece of legislation that has sparked strong interest from startups, banks, and even giants like Walmart.However, under the "GENIUS Act," stablecoin issuers are required to hold reserves in safe assets such as cash and short-term U.S. Treasury bonds, and large issuers must also publish audited annual financial reports. This poses a severe challenge to Tether, which holds a 66% share of the stablecoin market (with a circulation of $156 billion) ------ the company's USDT is currently partially backed by Bitcoin and gold, and it has long refused to fully disclose financial details. Former federal prosecutor Scott Armstrong, who has handled crypto cases, pointed out: "This could lead to Tether being unable to continue operating in the U.S."Tether representatives did not respond to requests for comment. CEO Paolo Ardoino has stated that they may issue localized stablecoins to maintain their U.S. business. The bill sets a transition period for compliance: the Senate version allows a 3-year grace period, while the House's accompanying bill under review requires compliance within 18 months, ultimately needing to be signed into law by President Trump, who supports the bill.

ChainCatcher news, according to The Block, Tether CEO Paolo Ardoino stated during a podcast that the company will become the largest Bitcoin mining enterprise by the end of 2025.It is reported that the stablecoin issuer Tether has a team of fewer than 200 people, but generated approximately $13 billion in profit in 2024. In recent years, the company has invested heavily to actively venture into several other fields, including artificial intelligence, telecommunications, data centers, energy infrastructure, and Bitcoin mining.Ardoino stated that Tether's Bitcoin mining ambitions are not driven by the pursuit of commercial returns, but rather align strategically with its core asset exposure. Ardoino recently disclosed that the company holds over 100,000 BTC and needs to join the "Bitcoin mining security team" to help protect its over $10 billion Bitcoin investment.

ChainCatcher news, according to Businesslive, since June, the daily trading volume of US dollar stablecoins has exceeded $100 billion, significantly surpassing the trading volumes of Bitcoin and Ethereum. According to the quarterly reports of Tether and Circle, it can be inferred that out of the total $250 billion in US dollar stablecoins, US Treasuries account for at least 80% of the reserve assets, which corresponds to an additional demand of $200 billion for US Treasuries.Standard Chartered predicts that by 2028, the stablecoin market size will decrease to $2 trillion, corresponding to a demand for US Treasuries of $1.2 trillion to $1.6 trillion, making stablecoin issuers the second-largest buyers of US Treasuries after the Federal Reserve.

ChainCatcher news, according to Bloomberg, no major European football club has listed a cryptocurrency company as one of its main shareholders before 2025. Tether first disclosed its stake in Juventus Football Club in February this year, and by April, its shareholding had accumulated to 10.7%. According to Bloomberg's data as of this Monday's close, this stake is currently valued at approximately €128 million (about $149 million).Tether is currently the second-largest shareholder, following Juventus' largest shareholder Exor NV. Exor is the investment company of the Italian billionaire Agnelli family, which has managed this football club for over a century. According to a statement from Tether, Tether is also seeking to obtain a seat on the board of Juventus.

According to ChainCatcher news, as disclosed by crypto analyst Cryptadamist, since the recent conflict between Israel and Iran, the stablecoin issuer Tether has frozen 112 wallet addresses on the Tron and Ethereum networks.These wallets held a total of approximately 700 million USDT before being frozen. All of the top 40 wallets are located on the Tron blockchain. The analysis points out that Iranian trading platforms primarily use USDT on the Tron network.

ChainCatcher news, according to the cryptocurrency exchange platform Coinbase, stated on Tuesday that the company "played a key role" in the U.S. Secret Service's action to seize approximately $225 million in "stolen" crypto assets.This case dates back to 2023. Last week, the U.S. Secret Service, the Federal Bureau of Investigation (FBI), and the U.S. Attorney's Office jointly filed a seizure application to confiscate about $225 million in cryptocurrency from suspected fraudsters. As early as December 2023, Tether had frozen approximately $225 million worth of USDT, which was believed to be stored in self-custody wallets and was suspected to be linked to a human trafficking gang involved in "pig butchering" romance scams.As one of the largest crypto companies in the U.S., Coinbase stated that it assisted in tracking the on-chain flow of these stolen funds and helped identify victims eligible for compensation. U.S. Secret Service Special Agent in Charge Shawn Bradstreet stated last week that this operation is "the largest cryptocurrency seizure case in Secret Service history." The U.S. Department of Justice also expressed gratitude for Tether's active cooperation in this investigation.

ChainCatcher message, according to Whale Alert monitoring, Tether Treasury minted an additional 1 billion USDT on the Tron network 1 hour ago. A total of 2 billion USDT has been minted today.Tether CEO Paolo Ardoino stated that this is an authorized but unissued transaction, meaning it will be used as inventory for the next issuance request and on-chain swaps.

ChainCatcher news, according to Whale Alert monitoring, Tether Treasury minted 1 billion USDT on the Tron network 2 minutes ago.Tether CEO Paolo Ardoino stated that this is an authorized but unissued transaction, meaning it will be used as inventory for the next issuance request and on-chain swaps.

ChainCatcher news, in response to the recent $16 billion password leak incident, Tether CEO Paolo Ardoino stated on social media: "Cloud services have disappointed us again."Ardoino announced that his team is developing a new password management solution called PearPass, which is a "fully localized, open-source password manager that does not rely on cloud services, does not rely on servers, and will never experience a leak." This tool will ensure that users' keys are securely stored on personal devices, giving users complete control over their data security.

ChainCatcher news, according to a report by Delphi Digital, the supply of stablecoins has exceeded $250 billion for the first time. Among them, yield-bearing stablecoins are growing rapidly, with Ethena reaching nearly $6 billion since its launch;Tether and Circle still dominate the market, accounting for 86% of the circulating supply combined; the diversity of issuers has increased, with more than 10 stablecoins having a circulation of over $100 million; over $120 billion in U.S. Treasury bonds are locked in stablecoins, creating a liquidity pool outside of traditional markets.

ChainCatcher message, according to Whale Alert monitoring, Tether Treasury minted 1 billion USDT on the Ethereum network at 16:40:47 Beijing time.

ChainCatcher news, BitMEX co-founder Arthur Hayes recently published an in-depth analysis of the stablecoin market landscape. The article points out that the key to the success of stablecoins lies in their distribution channels, which are currently mainly achieved through cryptocurrency exchanges, social media platforms, or traditional banks. Tether has become the dominant stablecoin globally, particularly in the Global South market, thanks to its partnership with Bitfinex and the trust established in the Greater China region; while Circle distributes USDC through its partnership with Coinbase, its market share still lags behind Tether.Hayes warns investors that new entrants face severe challenges with closed distribution channels and predicts that as Circle's IPO succeeds, the stablecoin bubble will continue to expand, but will eventually burst on some project that separates "dumb money." He emphasizes that although stablecoin issuers are highly profitable (mainly from treasury yields), investors should be wary of overvaluation risks, especially for those projects that claim to collaborate with traditional banks but lack actual distribution channels.