Bitcoin mining company Northern Data spends $360 million to buy GPUs for artificial intelligence services
German data center and Bitcoin mining operator Northern Data spent $360 million to purchase GPUs to support its cloud computing services. This acquisition was made after Tether provided Northern Data with $609 million in debt financing. The purchase brought the company 384 HPE Cray XD supercomputers, equipped with approximately 8,200 NVIDIA H100 Tensor Core GPUs. The company added that its AI cloud facility is "100% carbon neutral," addressing energy-related issues that plague AI, data centers, and Bitcoin miners.
USDT circulation increased by 4.5 billion in November
The circulation of Tether's USDT increased by 4.5 billion in November. The blockchain intelligence platform, Arkham, confirmed this in a post on X on November 28th and pointed out that USDT worth about $3 billion was minted on the Tron network. It is worth noting that the Kraken deposit address "TQef1" minted stablecoins worth $2.5 billion during this period.
USDT circulation increased by 4.5 billion in November, of which approximately 3 billion were minted on the Tron network
The circulation of USDT increased by 4.5 billion in November. The blockchain intelligence platform Arkham recently confirmed this and pointed out that USDT worth about $3 billion was minted on the Tron network. It is worth noting that the Kraken deposit address (starting with TQef1) minted $2.5 billion in stablecoins during this period.
Tether CEO Paolo Ardoino Prioritizes Diversification and Expansion, Plans to Become Infrastructure Provider Beyond USDT
Paolo Ardoino has been appointed as the CEO of Tether, a position he assumed on December 1, 2021, after serving as the company's chief technology officer since 2017. Tether is expected to generate $4.5 billion in profits this year, and Ardoino has revealed that the company is prioritizing diversification and expansion. Tether will be focusing on becoming an infrastructure provider, and Ardoino believes that Keet, a communications app he is the chief strategy officer of, will be a significant driver of Bitcoin and USDT adoption. Tether is also investing in renewable energy and plans to construct hydropower facilities in Uruguay and geothermal facilities in El Salvador.
$5 Billion Worth of USDT Minted on Tron and Ethereum in November
According to data released by Lookonchain, in November, USDT worth $5 billion was minted on Tron and Ethereum. On the Ethereum blockchain, the whale address "0x1dBb" received about 1.5 billion USDT from Tether Treasury and transferred it to an exchange. On Tron, 2.56 billion USDT was transferred from Tether Treasury to Kraken via the deposit address "TQef1n".
Nearly 50 million USDT transferred from Bitfinex to Kraken
According to data released by Whale Alert, 49,999,994 USDT (valued at $50,005,744) was transferred from Bitfinex to Kraken 40 minutes ago.
A GnosisSafe address lost $100,000 in USDT due to an address poisoning attack
Cyvers Alerts on X platform stated that due to a network phishing attack, a certain GnosisSafe address has just lost $100,000 USDT, and the funds have been exchanged to avoid being frozen.
90 million USDT transferred to Kraken
According to Whale Alert monitoring, 90 million USDT has been transferred from Tether Treasury to Kraken.
The market value of USDT exceeded 89 billion US dollars, continuing to hit a record high
CoinGecko data shows that the total market value of USDT has exceeded 89 billion US dollars, reaching 89,011,416,179 US dollars at the time of writing, setting a new historical high.
The giant whale 0xb15 transferred 3.51 million USDT to Binance 5 hours ago
On November 9th, the high-success rate whale (0xb15) of Band ETH, as monitored by Twitter user Yu Jin, transferred 25,700 ETH to Binance, and then withdrew 55.51 million USDT in batches from Binance from November 9th to November 21st. This morning (5 hours ago), he transferred 3.51 million USDT to Binance.
9 hours ago Tether Treasury minted another 1 billion USDT
According to Lookonchain monitoring, Tether Treasury minted another 1 billion USDT 9 hours ago. After the minting was completed, Tether Treasury sent 61 million USDT to the whale 0x1dBb. Since October 20th, the whale has received a total of 1.333 billion USDT from Tether Treasury and has deposited all the received USDT into exchanges.
Tether issued an additional 1 billion USDT on Ethereum 10 minutes ago (authorized but not yet issued)
November 28th, Whale Alert monitoring data showed that stablecoin issuer Tether had just issued 1 billion USDT on Ethereum 10 minutes ago. Tether CEO confirmed that the issuance was authorized but not yet distributed.
Santiment: Before the market rebounded, USDT accounting for 3.54% of the total supply and USDC accounting for 0.72% of the total supply were transferred to the exchange
Santiment posted on social media that from August 19 to October 16, 3.54% of the total supply of USDT and 0.72% of the total supply of USDC were transferred to exchanges. These transfers were a precursor to the overall rebound of cryptocurrencies from late October to mid-November. After a period of cooling off, USDT and USDC have returned.
Tether Advisor: If Milei wants to both shut down the central bank and delay dollarization, the best option is to buy Bitcoin and hard assets
Tether advisor Gabor Gurbacs stated on social media platform X that if Argentine President Javier Milei wants to both shut down the central bank and delay dollarization, his best choice would be to purchase Bitcoin and hard assets (gold and commodities) to immediately strengthen the Argentine peso. This will inspire confidence. Then, accept loans from the International Monetary Fund to make the US dollar and Bitcoin legal tender.
ChainArgos: Tether blacklists 8 Tron wallets again
According to ChainArgos monitoring, Tether has once again blacklisted 8 Tron wallet addresses. These wallets seem to mainly transfer funds between multiple exchanges in Asia and Kraken, and may have interacted with currency service providers such as Al Mutahadun and Dubai For Exchange, which were sanctioned by Israel (not confirmed).
Justin Sun: Deposits and withdrawals of USDT-TRC20 on Huobi HTX have been fully restored
Sun Yuchen stated in a post on X platform that the USDT-TRC20 recharge and withdrawal on Huobi HTX has been fully restored. Earlier, Sun Yuchen stated that the TRX recharge and withdrawal on Huobi HTX has been fully restored.
SEI broke through 0.25 USDT, with a 24H increase of 21.81%
Bitget's market data shows that SEI has broken through 0.25 USDT and is now reporting 0.25087 USDT, with a 24-hour increase of 21.81%.
Analysis: If the purchasing power of USDT whales continues to increase, the price of Bitcoin is expected to exceed $40,000
According to Santiment data, the price of Bitcoin has reached $38,300 for the first time since May 5, 2022. Among many contributors, the top 100 largest Tether (USDT) addresses have increased their holdings by $1.67 billion in the past six months, with purchasing power growing by 9.7%. If the purchasing power of USDT whales continues to increase, the price of Bitcoin may soon break through $40,000.
Tether and Bitfinex drop opposition to New York Freedom of Information Act request
Tether and Bitfinex have agreed to give up their opposition to the New York Freedom of Information Law (FOIL) request made by a group of journalists, including ZekeFaux of Bloomberg Businessweek. The two companies stated in a joint statement that this is part of their "commitment to transparency," although opposition does not mean complete disclosure of all their documents. The statement said, "It is necessary to clarify that transparency does not mean bulk release of all our documents, which is not in line with standard business practices."
Santiment: The purchasing power of the top 100 largest USDT addresses increased by 9.7% in 6 months
Santiment has posted on social media that Bitcoin has reached $38,300 for the first time since May 5, 2022. Among many contributors, the top 100 largest Tether (USDT) addresses have increased by $1.67 billion in purchasing power over the past six months, a growth of 9.7%. If the purchasing power of whale USDT continues to increase, BTC above $40,000 may be on the horizon.
