Tether is about to launch a real-world ecosystem
Paolo Ardoino, the new CEO of Tether, revealed on social media that the Tether Real World Ecosystem is about to launch.
Tether's CTO to become CEO in surprise management shake-up
Tether's Chief Technology Officer, Paolo Ardoino, will take over as CEO from December, the company announced on Friday. The current CEO, Jean-Louis van der Velde, will transition to an advisory role. Tether issues a stablecoin, also called Tether, which is widely used in crypto-to-crypto trading and has $83.5 billion worth of tokens in circulation, making it the third-largest cryptocurrency after bitcoin and ether. Ardoino, who became CTO in 2017, is known as the public face of the company and has a background in computer science and cryptography.
Tether appoints CTO Paolo Ardoino as CEO
According to official sources, Paolo Ardoino, the Chief Technology Officer of Tether, will become the new CEO of Tether in December 2023. The current CEO, Jean-Louis van der Velde, will become an advisor to Tether and retain his position as Bitfinex CEO. Ardoino will continue to serve as the Chief Technology Officer of Bitfinex and the Chief Strategy Officer of Holepunch.
Tether, Bitcoin and Ethereum account for 83% of Brazilian cryptocurrency demand
According to a report from Chainalysis, between June 2022 and July 2023, Tether, Bitcoin, and Ethereum accounted for 83% of Brazil's cryptocurrency demand. During that period, Tether accounted for about 52% of the country's investor trading demand, Bitcoin accounted for 25%, Ethereum accounted for 6%, while other altcoins totaled just over 17%. Chainalysis categorizes Brazil as a "unique market in Latin America."
More than 451 million USDT funds have been lost on the Tron network due to phishing attacks
Security company Bitrace stated on social media that research shows the activity and scale of zero transfer phishing attacks have been expanding. As of now, over 451 million USDT funds have been lost due to phishing attacks on the TRON network.
Coinbase executive: On-chain data shows Alameda responsible for minting $39.55 billion USDT
Coinbase executive Conor revealed on social media that blockchain data shows Alameda is responsible for the issuance of 39.55 billion USDT, which accounts for 47% of Tether's current circulating supply. It is reported that a previous report by Protoss estimated this number to be around 36.7 billion US dollars.
Director of VanEck: Tether is one of the largest buyers of U.S. Treasury bonds internationally
Gabor Gurbacs, the head of digital asset strategy at global asset management company VanEck, stated on social media platform X that Tether's contribution to the US dollar is greater than any other big-name cryptocurrency platform in the United States, and Tether is one of the largest buyers of US government bonds internationally. Tether provides USDT to people in emerging markets who need it, and Tether deserves more trust.
Tether Makes Strategic Investment into German Crypto Miner Northern Data Group for AI Initiatives
Tether, the firm behind stablecoin USDT, has made a strategic investment in German crypto miner Northern Data Group to support emerging technology, including artificial intelligence, peer-to-peer communications, and data storage solutions. The exact amount of the investment has not been disclosed, but Tether denies Forbes' report of a $420 million investment. <br>
PeckShield: Address 0x2175…f7D9 Was Defrauded of 4.46 Million USDT
According to PeckShield monitoring, address 0x2175...f7D9 was defrauded of 4.46 million USDT. Victim address: 0x2175c0082d052872501f7fe54e1aC59858aaf7D9; scammer address: 0xAbb07822F471773Ff00b9444308ceEB7cf0dACa7.
Tether and Bitfinex CTO to Testify in $1.4 Trillion Lawsuit Amidst Allegations of Financial Misconduct and Insufficient Reserves
Paolo Ardoino, the CTO of Tether and Bitfinex, will testify in a class-action lawsuit this week. The lawsuit, filed in 2019 by LeboBTC co-founder Jason Leibowitz, alleges financial misconduct against both firms and seeks over $1.4 trillion in damages.
Glassnode: USDT Trading Platform Outflow Hits 8-Month Low
On September 9th, the outflow of USDT trading platforms (7-day moving average) reached 18.06 million coins, hitting a new low in 8 months.
Tether CTO: Tether Currently Holds US$72.5 Billion in U.S. Treasury Bonds, Becoming the 22nd Largest Holder in the World
September 5th, Tether's Chief Technology Officer Paolo Ardoino posted on social media that Tether currently holds 72.5 billion US dollars of US Treasury bonds, surpassing countries such as the United Arab Emirates, Mexico, Australia, and Spain, and becoming the 22nd largest holder in the world.
A Giant Whale Deposits 36 Million USDT to Binance and Transfers 9819 ETH
According to Lookonchain monitoring, a certain whale deposited 36 million USDT into Binance and then transferred out 9,819 ETH worth 15.9 million US dollars.
A Certain Whale Transferred 36 Million USDT to Binance
September 5th, according to on-chain information, a whale starting with 0xB154 transferred 36 million USDT to Binance 7 minutes ago.
0x362 the Giant Whale Is Suspected of Doing More ETH Through Revolving Loans
September 4th, @EmberCN reported that a whale with an address starting with 0x362 exchanged 11,200 ETH (approximately $18.36 million) for 9839 wstETH, then mortgaged the wstETH to borrow 10 million USDT. They then used the 10 million USDT to purchase 6081 stETH at an average price of $1644.
5 Days Ago, the Address Starting With 0x8b9 To Do Long ETH With Leverage Continues To Do Long ETH With Leverage
According to Chainalysis by Yu Jin, 5 days ago, leveraged long ETH was done through an address starting with 0x8b9. 40 minutes ago, leveraged long ETH was continued through another address (starting with 0x362): 11,200 ETH ($18.36 million) was exchanged for 9,839 wstETH, which was then mortgaged to borrow 10 million USDT. The 10 million USDT was used to buy 6,081 stETH at an average price of $1,644.
Tether Partners with Private Bank Britannia Bank & Trust to Process U.S. Dollar Transfers
Stablecoin issuer Tether has partnered with Bahamas private bank Britannia Bank & Trust to handle US dollar transfers. Insiders say that although it is unclear when the banking relationship began, Tether has instructed clients to transfer funds to Britannia's bank account in recent months. The total circulation value of Tether stablecoins has grown by about 24% this year, reaching $82 billion. <br>
Data: A Giant Whale Used Leverage To Do Long ETH 3 Hours Ago
Data analyst Yu Jin reported that a whale used leverage to go long on ETH about 3 hours ago: the whale first exchanged 11,000 ETH ($18.18 million) for 9,671 wstETH, then used the wstETH as collateral to borrow 5.5 million USDT + 170 WBTC ($4.44 million). The borrowed USDT and WBTC were then used to buy 5,256 wstETH ($9.9 million).
Currently, the whale holds 14,948 wstETH ($28.12 million, 17,014 ETH), with the liquidation price of the ETH collateral being $800.
In addition, the whale was also one of the drivers behind the LINK price increase on July 20th.
Bitrace: In 2022, more than 14.6 billion black-related USDT related to Southeast Asia will flow into the trading platform
On August 28th, according to DeTrust, a risk data platform under Bitrace, more than 115 billion USDT flowed into some Southeast Asian-related platform addresses in 2022, including 37.16 billion gambling funds and 69.78 billion money laundering funds. There were less than 460 million USDT involved in fraudulent USDT. In the same year, there were also more than 14.64 billion USDT involved in black USDT, which directly or indirectly flowed into centralized trading platforms from known Southeast Asian entity-related addresses. This includes 7.71 billion USDT in gambling funds, 4.86 billion USDT in money laundering funds, 1.88 billion USDT in other illegal activity funds, and a small amount of fraudulent funds of 190 million USDT.
Data: The 1inch Team Purchased About 6088 ETH at an Average Price of $1655
The 1inch team address (tag: 1inch: Team Investment Fund Collection) purchased 6,087.7 ETH using 10 million USDT and 70,000 USDC (a total of 10.07 million USD) 5 hours ago at an average price of 1655 USD, as monitored by on-chain analyst Yu Jin.
