usdt

The world's largest stablecoin Tether (USDT) saw its market capitalization decline by 0.8% this month to $18.361 billion, continuing a trend of falling approximately 1% from its historical high of $18.684 billion, which may record a second consecutive month of contraction. This marks the first occurrence of consecutive monthly shrinkage since the collapse of TerraForm Labs in 2022, and is seen as a signal of tightening market liquidity.Analysts point out that stablecoins are the "liquidity fuel" of the crypto market, and a contraction in their supply typically indicates net outflows of funds. Against this backdrop, demand for U.S. spot Bitcoin ETFs remains sluggish, leading to a cautious assessment of the sustainability of any rebound. In terms of price, Bitcoin has failed to gain sustained momentum since it stopped falling around $60,000 on February 6, although it briefly rebounded above $70,000, it has now retreated to oscillate around the $65,000 range.Meanwhile, another major stablecoin, USD Coin (USDC), has seen its market capitalization rise from a low of $70 billion in January to about $75 billion, but overall growth for the year has stagnated, indicating a simultaneous slowdown in the expansion momentum of major stablecoins. Market participants believe that if the supply of stablecoins does not expand again, the overall recovery of the crypto market will still face liquidity constraints.

According to Coinglass data, Binance has seen a net outflow of 33,833,600 USDT in the past hour.

According to official news, Gate will launch a Crazy Wednesday reward doubling event from February 25 at 14:00 to March 1 at 16:00 (UTC+8). Users can complete multiple tasks such as flash exchanges, spot trading, contracts, and deposits to unlock a mysterious blind box, winning prizes like XPIN, lucky bags, NVIDIA graphics cards, and gold, with a 100% chance of winning.Users who successfully register for this event will also automatically unlock the eligibility for double rewards, which will be distributed uniformly after the event ends. The event will simultaneously launch a USDT 14-day fixed-term financial product with an annualized return of up to 10%. In addition, both new and existing users can participate in financial products like USDD, 0G, APT, and AZTEC, enjoying an annualized return of up to 205%.

The U.S. Attorney's Office for the Eastern District of North Carolina announced the seizure of over $61 million in USDT. These funds were traced to cryptocurrency addresses associated with "pig butchering" cryptocurrency investment scams.The investigation revealed that criminals often gain victims' trust under the pretense of establishing romantic relationships, then claim to have professional skills in generating high profits through cryptocurrency trading, guiding victims to use fake trading platforms that mimic legitimate ones. These platforms showcase fictitious high-return portfolios to entice victims to increase their investments. When victims attempt to withdraw funds, the scammers further extract money under the pretext of needing to pay "taxes" or "fees."

According to Coinglass data, Binance had a net inflow of 32,505,600 USDT in the past hour.

According to Coinglass data, Binance has seen a net inflow of 49.5507 million USDT in the past hour.

A theft occurred at a cryptocurrency trading platform in Tsim Sha Tsui, Hong Kong, where a 34-year-old network engineer is suspected of stealing approximately 20 customers' USDT (Tether), totaling about 2.67 million USDT, equivalent to around 20.87 million HKD. The police have arrested him.

According to the official announcement, Gate will launch the sixth phase of the Flash Exchange Lucky Draw event from February 24, 18:00 to March 2, 00:00 (UTC+8). During the event, users can initiate flash exchange transactions with a minimum of just $1 after completing registration, with a maximum daily win of 1,000 USDT.During the event, users can unlock multiple lottery chances by completing beginner tasks, trading tasks, and inviting new user tasks. Among them, new users can earn 1 lottery chance by completing their first flash exchange transaction of no less than $10; trading tasks can unlock up to 8 lottery chances in a single day; and invitation tasks can earn up to 10 lottery chances per person. The total prize pool is $60,000.It is reported that Gate Flash Exchange currently supports over 2,200 types of cryptocurrency assets, offering zero fees, rapid transactions, and smart exchange rate matching services, helping users easily complete multi-currency one-click exchanges.

OKX will delist the following perpetual contracts on February 27, 2026, at 16:00: CATUSDT, MOGUSDT, XANUSDT, FUNUSDT, ACEUSDT, and PROMPTUSDT.When the contracts are delisted, trading of the contracts will cease, all user orders will be canceled, and the arithmetic average of the OKX index one hour before delisting will be used as the settlement price. Users are advised to pay attention to risk control.

According to Coinglass data, on February 24 at 14:50, 124 million USDT was monitored being transferred from Binance to an unknown wallet.

UPBIT will launch trading for Espresso (ESP) on February 24, 2025, at 17:00, supporting KRW, BTC, and USDT markets. Users can make deposits 1 hour and 30 minutes after the announcement is published. Please pay attention to subsequent announcements for specific trading times.

According to Coinglass data, on February 24 at 13:57, 53.0645 million USDT was detected being transferred from an unknown wallet to Binance.

According to Coinglass data, Binance had a net inflow of 46.826 million USDT in the past hour.

UPBIT will launch trading for Seeker (SKR) on February 24, 2025, at 16:00, supporting KRW, BTC, and USDT markets. Users can start making deposits 1 hour and 30 minutes after the announcement is released, and trading will officially begin at the aforementioned time.

Hong Kong police have arrested an employee of a cryptocurrency trading platform who is suspected of stealing approximately 2.67 million USDT from about 20 customers, worth around 20.87 million HKD. The arrested individual is a 34-year-old network engineer surnamed Choi, who has worked at the company for 4 years and is primarily responsible for managing the mobile application.The company began receiving reports from customers about lost funds in early January this year. Investigations revealed that the employee had logged into the company database and accessed relevant customer accounts. The incident took place at an investment company located in the South Tower of Hong Kong Science Museum Road, Tsim Sha Tsui, which provides a cryptocurrency settlement platform. The case has now been handed over to the Ninth Team of the Criminal Investigation Unit of the Yau Tsim Police District for further investigation.

According to Coinglass data, Binance had a net inflow of 227 million USDT in the past 24 hours.

According to market news, the cryptocurrency exchange Binance has recently implemented stricter risk controls for Venezuelan users using bank card payment channels.Official reports indicate that users purchasing cryptocurrencies with bank cards issued by Venezuelan banking institutions and virtual dollar cards issued in Panama (such as Zinli or Wally) are facing high rejection rates and operational restrictions. The main issues encountered by users include failure to receive verification codes, additional restrictions on virtual cards, and the complete disappearance of certain account payment options. This situation has led to a significant increase in customer service requests at Binance.Analysts point out that these restrictions are related to the current currency arbitrage phenomenon in Venezuela. Users purchase dollars at the official exchange rate and transfer them to international debit cards, then buy USDT on Binance, and subsequently sell it at a higher exchange rate through the peer-to-peer (P2P) market for profit.

According to Coinglass data, Binance has seen a net inflow of 194 million USDT in the past 24 hours.

According to Coinglass data, Binance has seen a net outflow of 57,840,500 USDT in the past hour.

According to Coinglass data, Binance has seen a net inflow of 127 million USDT in the past hour.