ChainArgos: Tether blacklists 28 new wallets
Blockchain analysis company ChainArgos posted on social media that Tether has blacklisted 28 new wallets, which may be a daily record. These wallets have sent and received billions of USDT in value throughout their lifetimes, with $161 million coming from a single exchange.
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.
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".
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.
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).
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.
