🚨 🚨 🚨 🚨 🚨 100,000,000 #USDT (100,061,750 USD) transferred from Tether Treasury to #Bitfinexhttps://t.co/5Drh67KMdi ...

🚨 🚨 🚨 🚨 🚨 120,000,000 #USDT (120,077,520 USD) transferred from #Bitfinex to Tether Treasuryhttps://t.co/GFXstnh3PH ...

Core Insights - Tether (USDT) is a leading stablecoin that is often aligned with Bitcoin, providing a safe haven during high liquidity periods in the crypto market [1] - Each USDT token is pegged to the US dollar, making it one of the safest cryptocurrencies available [1] Transparency Concerns - Tether Limited has faced scrutiny regarding its transparency since 2017, with investigations revealing that it did not maintain a full 1-for-1 backing of USDT during 2017 and 2018 [3] - The company used reserve funds intended for USDT backing to cover financial shortfalls at its sister company, Bitfinex, leading to both companies being banned from conducting business in New York [3] - Tether's use of offshore banking partners raises concerns about operational oversight due to looser disclosure requirements compared to U.S. regulations [4] Comparison with Competitors - USD Coin (USDC) is viewed as a more transparent alternative, with its issuer Circle being publicly traded and subject to SEC disclosure requirements [5] - Circle reports USDC's full reserves monthly, while Tether Limited only provides quarterly reports on USDT's reserves [5] - The trade-off between transparency and liquidity is evident, as Tether has significantly higher trading volume and twice the market cap compared to USD Coin [6] General Stablecoin Risks - No stablecoin is entirely risk-free, as they can de-peg from the dollar due to market conditions, liquidity issues, and regulatory changes [7] - Investors should be aware that selling stablecoins may result in receiving less value in fiat currency [7] Investment Considerations - Tether is the most traded stablecoin, but potential investors should weigh the importance of transparency against liquidity [8] - USD Coin may be a better option for those prioritizing transparency over liquidity [8]

LATEST: 📊 Crypto spot trading volumes have dropped 66% from January's peak to around $250 billion last week, with Bitfinex saying the decline mirrors periods in earlier cycles where such lulls often preceded the next leg up. https://t.co/3qcaAPb8lV ...

🚨 🚨 🚨 🚨 🚨 100,000,000 #USDT (100,025,499 USD) transferred from #Bitfinex to Tether Treasuryhttps://t.co/2PLPiZU2N2 ...

🚨 MARKET: Crypto spot volumes are down 66%.Bitfinex says it's a lull that often comes before the next move. https://t.co/WxUxd3XR2H ...

Santa Browser launched a Xeet flash tournament yesterday with $30k USD worth of Santa tokens in rewards.The cool thing is you can earn a share of that just by doing your normal browsing activity on Santa.They have a big focus on privacy but also allow you to turn your browsing activity into rewards and already have more than 2M users.Plus they are backed by some big names, including Aptos, Polygon Ventures and Bitfinex and 2,500+ cashback brands connected.I tried them out yesterday and it's pretty cool, hel ...

🚨 🚨 🚨 🚨 🚨 110,000,000 #USDT (110,034,925 USD) transferred from Tether Treasury to #Bitfinexhttps://t.co/PsHTJkaGQh ...

🚨 🚨 🚨 🚨 🚨 110,000,000 #USDT (110,040,424 USD) transferred from #Bitfinex to Tether Treasuryhttps://t.co/fhmyJhMbGK ...

Core Insights - Twenty One Capital experienced a significant decline of over 24% on its opening day, closing at $10.80 after its Wall Street debut [1] - The company is primarily a crypto treasury firm, holding over 43,500 Bitcoins, making it the third-largest corporate holder of Bitcoin globally [2] - The current market value of its Bitcoin stash exceeds $4 billion, but the timing of its public offering coincides with a 28% drop in Bitcoin prices from its October all-time high [3] Company Overview - Twenty One Capital went public through a SPAC deal backed by Cantor Fitzgerald, with a small ownership stake from SoftBank [2] - The company is in its early stages, currently employing only four full-time staff members [4] - There is no clear timeline or roadmap for product launches, making the upcoming months critical for the company's future [5] Strategic Direction - The leadership at Twenty One Capital aims to leverage Bitcoin reserves to build a more substantial business rather than merely holding assets [6] - Future product offerings may include Bitcoin credit and lending products, indicating a shift towards operational growth [6]