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Tether CEO refutes US senator's doubts: related measures caused a 94% drop in Iran-related stablecoin transaction volume
Wu reported that Tether CEO Paolo Ardoino posted a rebuttal to U.S. Senator Richard Blumenthal's analysis of Tether sanctions reports, stating that since 2023, Tether has frozen involved addresses about 4 weeks earlier on average than the official sanctions implemented by OFAC and NBCTF, and that 99% of the related addresses were frozen before being flagged by Chainalysis. Ardoino said that Tether's measures have led to a 94% drop in stablecoin transaction volume related to Iran, emphasizing tha
US CFTC rebuts CME's lawsuit on perpetual futures regulatory policy: the latter failed to prove actual losses
The U.S. CFTC rebutted CME Group's lawsuit against the perpetual futures regulatory policy in its latest court filing, stating that CME failed to prove that the new policy caused it actual or imminent financial harm, and that CME's cryptocurrency futures trading volume actually increased after the policy adjustment. In May this year, the CFTC approved Kalshi to launch the first Bitcoin perpetual futures contract in the U.S. and plans to regulate such products as futures on a case-by-case basis.
Mesh partners with Visa: supports users to pay directly using cryptocurrency and stablecoin balances
Crypto payment infrastructure company Mesh has partnered with Visa to allow users to pay directly with cryptocurrency and stablecoin balances from participating wallet apps at over 175 million Visa merchant locations worldwide, without needing to apply for a physical or virtual payment card or pre-sell or transfer assets. The solution supports online and offline payments through Visa payment credentials configured in the backend, with Mesh handling transaction fund allocation and asset conversio
Mastercard launches stablecoin payment risk assessment service, expected to be commercialized globally by 2027
Mastercard launches Stablecoin Security, a stablecoin payment risk assessment service that analyzes the source of funds, transaction background, and potential risks related to fraud, scams, and sanctions before stablecoin funds are put on-chain. It provides risk scores to financial institutions via API to integrate with existing anti-fraud and compliance systems. Borderless and Keyrails are the first partners. The service will first launch in North America, with commercial services expected glob
AnchorWatch receives Nevada regulatory approval to launch Bitcoin custody service, with a maximum single client coverage of $370 million
According to The Block, AnchorWatch Trust Company, authorized by the Nevada state regulator in the United States, has officially launched Bitcoin custody services targeting institutional and high-net-worth clients. It uses a multi-party key custody solution in cooperation with BitGo and CoinCorner. Custody fees can be up to $10,000 per month, and optional insurance underwritten by Lloyd's of London is offered, with a maximum coverage of $370 million per client, covering risks such as violent coe
German Savings Banks Association: First customers can now trade BTC and other crypto assets via the bank app
According to the German Savings Banks Association DSGV, the first Sparkassen customers can already trade BTC, ETH, XRP, SOL, and MATIC through the existing banking app. It is expected that 30 to 40 new participating institutions will be added each month thereafter, with plans to connect most interested Sparkassen by the first half of 2027. The related services are provided by DekaBank, and the crypto assets are custodied jointly by DekaBank and Börse Stuttgart.
Tether Investments participates in AI chip company Tenstorrent's $1.5 billion Series E funding round
AI chip company Tenstorrent announced the completion of a $1.5 billion Series E financing round, with a post-investment valuation of $6.2 billion, more than doubling the valuation from the previous round in December 2024. The round was led by Trace Capital and Innovation X, with participation from Tether Investments, ARK Invest, Fidelity, Morgan Stanley, SanDisk, Virtu Financial, and others. The funds will be used to expand mass production of chips and servers as well as global operations.
After nearly two years of operation, the Aptos ecosystem BTCFi protocol Echo Protocol announced its gradual shutdown
The Aptos ecosystem BTCFi protocol Echo Protocol announced that after nearly two years of operation, it has decided to gradually shut down the protocol. Currently, lending services have stopped accepting new deposits and loans, and related interest accrual has ceased; Strategy and LSD products have also stopped accepting new deposits and staking. Users can still repay loans, withdraw assets, and request unstaking, but outstanding loans may face collateral liquidation. The official statement said