In this post: Tether CEO Ardoino declared in a post on X on November 11 that Tether’s Treasury has generated 2B USDT on the Ethereum Network in order to restock its stock. According to Ardoino, the USDT was approved but not yet released; it would be utilized for chain swaps and issuance upon the subsequent request or requests. On November 6th, the stablecoin issuer said that it will work with a large third-party exchange to carry out a chain swap. Without altering the overall quantity of USDT in circulation, Tether was transferring a portion of its USDT cold wallets from five distinct blockchains to USDT on the Ethereum blockchain. Specifically, Tether combined 60 M USDT from Avalanche, 300 M from NEAR, 75 M from CELO, 600 M from Avalanche, and 1B USDT from Tron. 2B USDT minted on ETH amid Tether’s big shift to boost liquidity The cryptocurrency world speculated after the Tether Treasury made 2 billion USDT on the Ethereum network. One of its tactics to increase liquidity on a platform with more Ethereum activity was the single-transaction reallocation of […]

In this post: Ki Young Ju, the CEO of CryptoQuant, has made an astonishing forecast about the price of Bitcoin at the end of 2024.  The market is anticipating more gains as Bitcoin finally reached a new all-time high of $77,252.75. Ki Young Ju, though, says the asset might let the market down. Bitcoin may turn around and close around $58,897 before the end of the year, per Ki Young Ju’s essay on X. But he included a disclaimer to indicate that he might be wrong about the prediction. His recent comment comes after Bitcoin made an impressive leap to hit a new all-time high of $77,252.75, per Coinmarketcap. CryptoQuant CEO predicts a 24% drop in Bitcoin’s price The CryptoQuant CEO’s prediction signals a 24% drop in the price of the asset before the end […]

In this post: With the state council’s consent, China’s Ministry of Finance announced that it will offer $2 billion in dollar-denominated bonds in Saudi Arabia the next week. The MOF of the Asian nation also stated that specifics of the issuance would be disclosed at a later date. On November 5, China’s finance ministry declared that, with state council permission, it plans to sell $2 billion of US sovereign bonds in Riyadh. It is anticipated that the action will assist the Chinese government in opening up its financial sector to global investors. How the BRICS de-dollarisation is going: China will issue $2 billion of dollar-denominated bonds in Saudi Arabia next week. https://t.co/J2Dvwr3yUE — adam wolfe (@adamkwolfe) November 5, 2024 China to issue dollar bonds in Saudi Arabia after three years hiatus Since 2021, China has made Saudi Arabia its preferred country for issuing dollar bonds, demonstrating the nations’ dedication to fortifying their diverse relationships. The crown prince of Saudi Arabia, Mohammed bin Salman, stated that he hopes Chinese investment would help realize his 2030 modernization program. […]

In this post: Regarding the Coinbase fee structure for listing cryptocurrency assets on the exchange, Justin Sun raises concerning assertions. He claimed that he was required to pay 500 million TRX, or roughly $80 million, to the largest cryptocurrency exchange in the US. This contradicts recent remarks made by Coinbase CEO Brian Armstrong, who implied […]

In this post: Following Judge Katherine Polk Failla’s decision on November 1, the trial of Roman Storm, a co-founder of Tornado Cash, has been rescheduled for April 2025, four months later than originally planned. In order to give the parties time to exchange information on the expert witnesses they could call to settle their differences, […]

In this post: Through Chainlink’s scale initiative, the HBAR Foundation has become a part of the Chainlink ecosystem. Chainlink Data Feeds and Chainlink CCIP will be integrated on the Hedera testnet as part of the partnership to provide developers with the variety of services they need to create feature-rich dApps. The organization that drives advancements […]

In this post: For the first time since June, Bitcoin (BTC) broke through $71,000, making headlines. What is propelling this bullish run close to a record high? Is it the significant inflows into Bitcoin ETFs or the rumors swirling around the US election next week? As the entire value of digital assets increased by 5% […]

In this post: The SEC’s tight grip on the cryptocurrency market is drawing criticism from all sides. When online celebrity Nic Carter jumped on a post by professor Omid Malekan of Columbia Business School, who claimed that the SEC’s policies are pushing people into meme currencies, he didn’t hold back. Carter supported this by claiming […]

In this post: As Halloween is just around the corner, Stake.com has released new exclusive and early access games for October along with new slot games. These come from industry leading providers like Pragmatic Play and Evolution. The latest Halloween theme games at Stake.com include Jeff’s Gems by Twist Gaming, and Blood and Shadow 2. The latter is a […]