USDT in the spotlight: latest news

The Crypto Fear and Greed Index has increased to 29 today, up from 23 yesterday, indicating a shift in market sentiment away from "extreme fear," according to Alternative data reported by BlockBeats News on October 19.

Crypto influencer Ansem stated that for Bitcoin to enter a bull market, it must rise above $112,000. He expressed skepticism about the current market trends, as indicated by the weekly charts of XRP, SOL, and ETH.

Michael Saylor has reiterated the Tracker information on the X platform, stating, "The most important orange dot is always the next one." He suggests that he may reveal details about Bitcoin accumulation next week.

According to CoinStats, the prices of most cryptocurrencies are experiencing an upward trend as the week comes to a close. Bitcoin (BTC) is showing significant movement in the BTC/USD pair.

Zerobase has officially appointed Constantin Gao as Chief Governance Officer. In this role, Gao will concentrate on governance matters within the organization.

Steak 'n Shake has begun accepting Bitcoin payments worldwide, significantly reducing transaction fees by 50% for the fast food chain. This decision highlights the company's commitment to integrating cryptocurrency into its payment system.

According to Coinglass data, the total open interest for Bitcoin futures contracts across the entire network is 640,840 BTC, which is approximately $68.47 billion.

The daily trading volume of the Chinese decentralized contract exchange Sun Wukong reached 86 million USDT on October 17, as reported by ChainCatcher. Additionally, the liquidity depth of the exchange has increased threefold, according to official social media sources.

MicroStrategy Founder and Chairman Michael Saylor recently shared new "Bitcoin Tracking" data on the X platform. In his post, Saylor emphasized the importance of monitoring Bitcoin trends.

A retiree has lost Rs 1.84 crore in a Tether cryptocurrency investment scam, where fraudsters posed as legitimate investment advisors to deceive him.

A sudden spike in the price of Tether (USDT) on Bithumb, reaching ₩5,755 on October 11, has resulted in forced liquidations, leading to investor losses totaling ₩50 billion. This event has sparked significant backlash against the platform.

Tether has minted an additional 1 billion dollars, signaling the return of stablecoin giants to the market.

The Saudi Arabian crypto-AI project Astra Nova launched its token on Saturday, but its value dropped nearly 50% after a hack involving a market maker resulted in a loss of $10 million. The project has pledged to buy back tokens to stabilize the situation.

Tether has issued an additional $1 billion in USDT to enhance liquidity following the recent market crash. Since the crash on October 11, Tether and Circle have collectively minted $6 billion in stablecoins, indicating a strong response to market conditions.

Stablecoin issuers operate within a unique economy, with Tether being the largest among them. The revenue model of Tether primarily revolves around transaction fees and interest earned on the reserves backing its stablecoins.

Tether (USDT) has become a fundamental component of the cryptocurrency ecosystem, and its minting activities on the Ethereum blockchain are significantly influencing the market.

A newly created wallet address has made significant moves in the cryptocurrency market, withdrawing $3 million in USDC from an exchange. The address then proceeded to invest $41 million in ENA while simultaneously shorting $42 million in Ethereum (ETH) and Bitcoin (BTC) as a hedging strategy.

Stablecoin protocol STBL has announced on the X platform its plans to mint 100 million USST stablecoins in the fourth quarter. The associated work will be launched shortly.

According to ChainCatcher, Whale Alert has reported that 200 million TRX, valued at approximately $63,517,911, were transferred from an unknown wallet to the Bitget exchange.

A cryptocurrency whale, identified by the address 0x579f...e5ff, has deposited $2.91 million USDC into Hyperliquid within the last two days.

Buyers are making an effort to take control of the market, as reported by CoinStats. The price of Bitcoin (BTC) has increased by 1.11% according to Bitget crypto news.

Japan's largest banks, including MUFG, SMBC, and Mizuho, are collaborating to introduce a stablecoin pegged to the yen and the dollar, aimed at facilitating global settlements.

The article discusses the implications of gold potentially reaching $5,000 per ounce and its effects on Bitcoin. It highlights the relationship between the two assets and how a surge in gold prices may influence Bitcoin's market dynamics.

BestChange, the largest cryptocurrency exchange aggregator in Russia, has implemented restrictions on the availability of Russian ruble offers across multiple trading platforms.

Tether has introduced an open-source Wallet Development Kit (WDK) designed to facilitate global self-custody. This toolkit aims to assist developers in creating secure wallet solutions for users.