Everything web3, crypto, defi, degen
Stablecoin giant Tether furthered its push into the United States on Friday, announcing a previously teased U.S.-specific stablecoin designed to comply with new laws. The token project, dubbed USAT, will be led by Bo Hines, former executive director of the White House’s digital assets working group. Hines will serve as USAT’s CEO from Charlotte, North Carolina,…
In brief The U.S. DOJ has filed a civil forfeiture action to recover over $500,000 in USDT from an Iranian national. Per the DOJ, Mohammad Abedini is founder of Iranian firm SDRA, which supplies technology used in Iran’s Shahed military drones. The USDT tokens were said to be kept in an unhosted cryptocurrency wallet, posing questions…
September 12, 2025 | Asset Listings We’re thrilled to announce that XAUt is available for trading on Kraken! Funding and trading XAUt trading is live as of September 12, 2025. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’. Make sure to deposit your tokens…
In brief Projects are fighting over who will take control of the USDH ticker to create a “Hyperliquid-aligned” stablecoin. Major companies like Ethena, Paxos, Sky, and Agora have submitted proposals, most of which include a way to give back to the Hyperliquid community. But the relative newcomer Native Markets is currently looking most likely to…
In brief Federal prosecutors have filed a complaint to forfeit USDT funds traced to a spoofed trading platform. Victims were recruited through text messages and directed into fake investment accounts. Civil forfeiture is being used as a tool to disrupt scams and recover funds for victims, Decrypt was told. Federal prosecutors in Albany have filed…
In brief Ethena presented a proposal for Hyperliquid’s stablecoin. USDH would be indirectly backed by BlackRock’s tokenized BUIDL fund. Ethena would divert USDH revenue back into Hyperliquid’s ecosystem. Ethena Labs, makers of the synthetic-dollar protocol, cast its name into the USDH ring on Tuesday, presenting itself as a potential suitor for issuing Hyperliquid’s stablecoin.The decentralized…
In brief Hyperliquid has set a new all-time high as it pumped 22% over the past week. It comes after the network has opened proposals for teams to launch a stablecoin using the USDH ticker. Established stablecoin teams like Paxos, Frax Finance, and Agora have tossed their hats in the ring. Validator votes start Sunday.…
In brief Shengsheng He was sentenced to 51 months for laundering nearly $37M stolen in a crypto investment scam. The funds were moved through a Bahamas-based shell company, converted to crypto, and sent to scammer wallets. The case is part of a wider DOJ crackdown on global crypto fraud and online money laundering. Shengsheng He,…
In brief Cantor Fitzgerald has debuted a new Bitcoin fund. The fund also gives investors exposure to gold—for downside protection. Gold rose to a record high near $3,680 on Monday, while BTC is trading about 9% off its all-time best, set last month. Wall Street giant Cantor Fitzgerald debuted a new fund Monday that aims…
BTC HOLDS SUPPORT, MAJORS ALL UP, PUMP +40% IN A WEEKBTC holds $110k support, sentiment back to neutral. Robinhood to join S&P 500, Strategy misses out. Whales sold $12.7b BTC over past month. Companies currently buying 1755 BTC per day. SOL gets new treasury vehicle with $1.65bn cash. ETH ETFs saw 2nd largest daily outflow…
