Core Viewpoint - A coalition of over 125 cryptocurrency companies and advocacy groups is actively opposing US banking lobbyists regarding the rights to pay interest on stablecoin deposits, highlighting a significant conflict between traditional banking and the crypto industry [1][5]. Group 1: Banking Lobby's Position - The GENIUS Act currently prohibits stablecoin issuers from paying dividends, but a loophole allows third-party platforms to pass stablecoin yields to users, prompting banks to lobby for closing this loophole [2]. - Banking groups argue that allowing unregulated fintech platforms to offer high yields on cash-equivalent tokens poses systemic risks, potentially leading to a capital flight of up to $6.6 trillion from commercial banks to digital asset platforms [3]. - They contend that such a shift would undermine the capital base necessary for banks to underwrite mortgages and business loans, resulting in increased borrowing costs for American households [4]. Group 2: Crypto Coalition's Response - The crypto coalition has urged lawmakers to reject attempts to expand the scope of the GENIUS Act, arguing that reopening this issue would undermine the predictability of regulatory frameworks and introduce unnecessary risks [5][6]. - They dismiss the banks' concerns as a protectionist effort to maintain a monopoly on low-interest deposits, claiming that banks are trying to protect their profit margins by preventing consumers from accessing higher yields available in the Treasury market [6]. - The coalition argues that stablecoin reward programs allow platforms to share value directly with users, enabling households to benefit from higher rates rather than suffering losses due to inflation [7].

🚨JUST IN: Paolo Ardoino, "Tether is hiring a Lead software engineer for our mobile Crypto (and AI powered) wallets."What are they cooking? https://t.co/B6nPTrIY46 ...

RT Token Terminal 📊 (@tokenterminal)Does @ethereum L1 have a moat?@Tether_to (stablecoin issuer) would lose half of its current business without Ethereum L1.Discuss. https://t.co/oa13KNqx80 ...

RT Jonaso (@Jonasoeth)When you look at DeFi fees ➞ 5 sectors stand out: DEXs, Lending, Liquid Staking, Stablecoins, and Derivatives.These are the products with real product-market fit ➞ They keep DeFi alive in every market.- 2021 was driven by DEXs and Lending with Uniswap and Aave- 2023 belonged to Liquid Staking with Lido Finance- 2025 is the breakout year for Stablecoins and PerpDEX with Tether, Circle, Ethena and HyperliquidEspecially, derivatives are also stronger than ever ➞ @HyperliquidX changed the ...

Does @ethereum L1 have a moat?@Tether_to (stablecoin issuer) would lose half of its current business without Ethereum L1.Discuss. https://t.co/oa13KNqx80 ...

Tether CEO Paolo Ardoino posted on X that Tether is hiring a Lead Software Engineer to lead the development of its mobile cryptocurrency (and AI powered) wallet. According to the post, the wallet technology will be powered by WDK and QVAC. Paolo later shared an internal product screenshot showing an interface for creating a new wallet. https://t.co/RmzDh87fU3 ...

（来源：吴说） 吴说获悉，Tether CEO Paolo Ardoino 在 X 平台发文表示，Tether 正在招聘一名首席软件工程师，负责 其移动加密货币（和人工智能驱动）钱包的开发。据悉，钱包技术将由 WDK 和 QVAC 提供支持。随 后 Paolo 发布了一张相关产品内部截图，界面显示内容为创建新钱包功能。 ...

🔥 HUGE: Tether processed $156B this year from transactions $1,000 and under alone. https://t.co/tDOVAwHyWm ...

Crypto & Blockchain Developments - JPMorgan tokenizes a money-market fund [1] - MetaMask rolls out native Bitcoin support [1] - Tether's $1.3 billion Juventus bid gets nixed [1]

Core Viewpoint - Tether's subsidiary Northern Data is selling its Bitcoin mining business, Peak Mining, for up to $200 million to companies controlled by Tether's founder and CEO [1] Group 1: Transaction Details - Northern Data's Peak Mining business is being sold for a maximum price of $200 million [1] - The acquiring companies include Highland Group Mining and 2750418 Alberta ULC, which are controlled by Tether's founder Giancarlo Devasini and CEO Paolo Ardoino [1] Group 2: Subsequent Developments - Shortly after the sale announcement, Tether's nearly 50% owned conservative social platform Rumble agreed to acquire Northern Data for approximately $767 million [1] Group 3: Regulatory Issues - Northern Data faced a surprise investigation by the EU earlier this year, being accused of large-scale tax fraud, which the company denies and claims to be cooperating with the investigation [1]