Stablecoins shed $12.7B as crypto liquidity thins
@DefiLlama data shows $USDC supply fell $878.72M over seven days to $71.743B, adding to concerns about crypto buying power. Tokenized Treasuries complicate the picture. #Update #Stablecoins $USDC
Tether (USDT)
Ledger Investigates $86M Crypto Wallet Losses
Ledger users report $86M in crypto losses, linked to Southeast Asian reseller. @Ledger advises caution with affected devices. Investigation ongoing. #Breaking #Security $BTC
Tether Sued Over $2.76M USDT Freeze
Conduit Technology sues @Tether_to over a $2.76M USDT freeze, claiming unauthorized seizure of funds without police request; seeks unfreeze and damages. #Breaking #Legal
Tron Moves $30T TRX Price Stagnant
Tron DAO announced $30 trillion settled on Tron, with $92.6B USDT supply, yet $TRX remains flat over the year. #Update #Crypto $TRX
USDT Scam Targets Venezuelan Merchants
Scammers in Venezuela exploit cloned $USDT tokens, tricking merchants with zero-value transactions. Experts advise verifying Tether contract addresses or using @Binance to avoid losses. #Update #Crypto $USDT
Bitcoin Vanishes: $230M Lost on USBs
Poland’s @Orlen lost up to $424M after a $230M USDT advance for Venezuelan crude vanished, highlighting counterparty risks. Three ex-execs face prison; arbitration underway. #Breaking #Crypto $USDT
Bitcoin Hacker Urged Return $100M Funds
Liquid Network paused after hackers drained 4,000 BTC from its wallet; L-BTC now backed by 4.7%. Hackers promise return once bug is fixed. #Breaking #Crypto $BTC
Tether Faces $42M USDT Freeze Lawsuit
Tether froze $42.4M in $USDT linked to Thai investors without a warrant, leading to a lawsuit seeking damages and blacklist removal. #Update #Legal $USDT
Tether CEO Challenges BIS Tokenization Push
Tether CEO Paolo Ardoino defends stablecoins against BIS’s tokenized deposits push, citing full backing and potential deposit flight fears from banks. #Update #Crypto $USDT
Bitcoin Ethereum USDT Back Sber Loans
Sberbank plans to accept $BTC, $ETH, and $USDT as loan collateral, pending Russia’s new crypto regulations. #Update #Crypto $BTC
Bitcoin Chief Dismisses Stablecoin Credibility
Pablo Hernández de Cos criticized stablecoins at Jackson Hole, noting issues like par redeemability and financial integrity. Global stablecoin supply reached $308B. #Update #Crypto $USDT
Coinbase Launches Stablecoin Payments for 1000+ Merchants
Coinbase partners with Checkout.com to enable stablecoin payments for over 1,000 merchants, allowing USDC and USDT acceptance while settling in dollars. #Update #Crypto $USDC
Stablecoin Market Surges $2B in 7 Days
Tether’s $USDT holds 58.76% of the stablecoin market at $189.63B, while Circle’s $USDC gains $1.61B in 7 days, signaling renewed demand. #Update #Crypto $USDT
Tether Loan Sparks Senate Scrutiny
Senators Warren and Wyden probe @Tether_to and Howard Lutnick over a loan linked to Lutnick’s family trust, citing conflicts and national security risks. Responses due by May 13. #Update #Crypto $USDT