USDT stablecoin issuer Tether co-led an $8 million funding round for Speed, which is building via the Bitcoin Lightning Network. https://t.co/4rV0NNZUZK ...

Key TakeawaysChina Vanke (2202.HK) faces heightened default risk after a critical plan to extend a RMB2 billion local bond, originally due December 15, 2025, failed to secure sufficient bondholder approval, rattling confidence in the Chinese property sector.Cryptocurrency giant Tether has launched a substantial €1.1 billion all-cash bid to acquire a majority stake in Italian football club Juventus Football Club (JUVE), signaling a significant move by crypto firms into traditional sports asset ownership.A co ...

USDT stablecoin issuer Tether is halting its Bitcoin mining operations in Uruguay due to high energy costs, local media has reported. https://t.co/g2hknCEgM7 ...

RT Token Terminal 📊 (@tokenterminal)Top 5 tokenized assets on @solana, based on market cap:🥇 USDC stablecoin 📉🥈 USDT stablecoin 📉🥉 PYUSD yieldcoin 📈4⃣ USDG yieldcoin 📈5⃣ BUIDL yieldcoin 📈Key takeaway?Assets that share economics w/ users are growing faster than those that don't. https://t.co/WnYZjmH2u9 ...

Market Overview - Solana 上市值排名前五的代币化资产包括 USDC、USDT、PYUSD、USDG 和 BUIDL [1] - 与用户共享经济效益的资产增长速度快于不共享的资产 [1] Asset Classification - USDC 和 USDT 被列为稳定币 [1] - PYUSD、USDG 和 BUIDL 被列为收益币 (yieldcoin) [1]

Core Insights - A Beijing court has sentenced five individuals to prison terms of two to four years for running an illegal foreign exchange operation involving over $166 million through crypto channels, highlighting a significant crackdown on crypto-related financial crimes in China [1][2][3] Group 1: Legal Proceedings and Sentencing - The case was revealed during the 2025 Financial Street Forum Annual Meeting, showcasing Beijing's enhanced capabilities in tracking and prosecuting cross-border crypto transactions [2] - The defendants were involved in a scheme that processed 1.182 billion yuan ($166 million) through various accounts between January and August 2023, converting client funds into USDT stablecoins for illegal transfers [3][4] - The Haidian District People's Court issued its first-instance judgment on March 21, 2025, with all five defendants accepting their sentences without appeal [6] Group 2: Operational Details - The operation was led by Lin Jia, who collaborated with four other individuals to convert incoming yuan payments into USDT via multiple Tether trading platform accounts [4] - The group profited from each exchange while disguising foreign exchange trading through virtual currency [3][4] Group 3: Investigative Techniques - Prosecutors utilized advanced forensic methods to trace crypto transactions, combining financial data analysis with blockchain tracing to identify suspicious fund flow patterns [5] - The investigation addressed the "evidence collection dilemma" in cross-border economic crimes, ensuring legal compliance while building the case against the defendants [5][6]

Core Viewpoint - Celsius Network has filed a lawsuit against Archblock Inc., alleging a multimillion-dollar fraud involving mismanagement of customer funds related to stablecoins [1][2]. Group 1: Lawsuit Details - The lawsuit was filed in the U.S. District Court for the Northern District of California, claiming that Archblock and its subsidiaries misrepresented their TrueCurrency tokens as fully collateralized [2]. - Celsius alleges that instead of backing the tokens with cash, Archblock funneled customer funds into speculative offshore investments while marketing the coins as risk-free [2]. - Celsius minted over $14 million worth of TrueCurrency assets between 2019 and 2022, relying on Archblock's assurances that each token was redeemable one-to-one for its fiat equivalent [3]. Group 2: Bankruptcy Context - During its bankruptcy process in 2023, Celsius attempted to redeem approximately $12.9 million in holdings but was allegedly denied by Archblock, citing lost access to reserves due to the collapse of escrow partners [3]. - Celsius, which filed for Chapter 11 bankruptcy in July 2022, was a crypto lending company that allowed users to deposit cryptocurrencies to earn yields or take loans [5]. Group 3: Related Legal Actions - In August 2024, Celsius also filed a lawsuit against Tether, seeking $3.5 billion in returns, damages, and legal fees related to misappropriated assets [6]. - The complaint against Tether included allegations that Celsius had pledged 39,542.42 BTC as collateral for a USDT loan, which was liquidated prematurely by Tether [7]. - Tether agreed to settle the lawsuit by paying $299.5 million [8].

Core Insights - The Blockchain Recovery Investment Consortium (BRIC) announced that Tether has settled claims from the Celsius Network bankruptcy estate for $299.5 million, resolving a lawsuit filed in August 2024 in the U.S. Bankruptcy Court [1][5] - Tether had previously rejected Celsius's lawsuit, which sought to recover approximately 39,542 Bitcoin, valued at nearly $4.5 billion, claiming it was a "baseless shakedown" [2] - Tether maintained that it acted lawfully under a 2022 agreement requiring Celsius to post additional collateral when Bitcoin prices fell, and liquidated Bitcoin to cover an $815 million debt when Celsius failed to meet margin requirements [3] Legal Proceedings - Celsius alleged that Tether did not provide the required 10-hour window to deposit additional collateral before liquidating Bitcoin, which destroyed Celsius's residual interest [4] - A federal judge ruled in July that the lawsuit against Tether could proceed, allowing the case to continue [6] Management and Recovery Efforts - BRIC was established in early 2023 to maximize asset recovery in complex crypto bankruptcy cases and was appointed as the complex asset recovery manager and litigation administrator for Celsius after its emergence from bankruptcy protection in January 2024 [5] - The consortium is overseeing a portfolio of illiquid and litigation assets for the Celsius estate during its wind-down phase, aiming to benefit creditors [6] Background on Celsius Network - Celsius Network co-founder and former CEO Alex Mashinsky was sentenced to 12 years in prison in May for securities and commodities fraud, having misused customer funds and manipulated the price of the CEL token [7]

Core Insights - Tether has appointed Benjamin Habbel as its chief business officer to expand its investments beyond digital assets [1][3] - The company aims to enhance its growth strategy and portfolio, which includes sectors like AI, telecommunications, bitcoin mining, energy, cloud computing, and real estate [2][3] - Tether's USDT stablecoin has a market capitalization of approximately $173 billion [2] - The firm invested $200 million in Blackrock Neurotech last year, acquiring a majority stake in the U.S. brain implant company [2] - Tether is positioning itself as a technology and financial services company, moving beyond its identity as a stablecoin issuer [3][4] - The company is looking to expand its presence in the U.S. market, benefiting from favorable regulatory conditions [3]

Stablecoin Liquidity - Aave正逐渐发展成为稳定币流动性的中心 [1] Loan Activity - Aave平台上Tether (USDT) 稳定币的活跃贷款自年初以来增长约170% [1]