Adecoagro owns farmland and industrial facilities across Argentina, Brazil and Uruguay.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The stablecoin issuer's investment arm said it is acquiring a minority stake in the Italian club.
Tether's minority stake acquisition into Juventus, or Juve, aligns with the stablecoin issuer's goal of bringing digital assets mainstream.
Tether has refuted claims made by JPMorgan analysts regarding its Bitcoin reserves and ability to comply with upcoming US stablecoin regulations. In a Feb. 13 statement to CryptoSlate, the stablecoin issuer confirmed that it is closely monitoring developments around US stablecoin regulations while actively engaging with local regulators. Tether acknowledged ongoing discussions surrounding the proposed […]
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The project, which also claims Tether's Paolo Ardoino as an investor, aims to enhance stablecoin adoption through a Bitcoin sidechain that allows zero-fee USDT transactions.
Company data suggests that Tether's reserves are 66% compliant under the STABLE Act and 83% under the GENIUS Act, the report said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Tether CEO Paolo Ardoino told The Block that JPMorgan analysts "don't understand either Bitcoin nor Tether."
JPMorgan analysts estimate that only 66%–83% of Tether's reserves comply with proposed U.S. stablecoin regulations, potentially requiring asset restructuring.
There have been recent concerns within the crypto community regarding Binance’s recent activities after a claim surfaced that the exchange had been offloading large amounts of Bitcoin and Ethereum. The Binance selloff trend was first noted on social media platform X by a market participant known as AB Kuai.Dong (@_FORAB), who noted that the crypto exchange had allegedly been selling off its Bitcoin and Ethereum holdings. Did Binance Trigger The Market Crash? The crypto market has endured a turbulent two weeks, with Bitcoin at the center of a series of price crashes. The downturn began as Bitcoin plunged to $92,000 on February 3. Although a brief recovery saw BTC climb toward $98,000 on February 11, the momentum proved short-lived. Bitcoin has since struggled to regain momentum and is hovering around $95,000. Related Reading: Bitcoin Long-Term Holders Complete Largest Market Sell-Off Since 2021, Is The Top Here? Unsurprisingly, Bitcoin’s price crash rippled across the market, dragging down other cryptocurrencies. On the same day Bitcoin hit its local low, Ethereum fell below $2,470. As noted by AB Kuai.Dong, Binance may have contributed to the downturn. Data shows that crypto addresses owned by Binance have seen a drastic decline in their holdings in recent few days. Particularly, AB Kuai.Dong noted that Binance had allegedly been selling off a huge part of its crypto holdings, which cuts across Bitcoin, Ethereum, Solana, BNB, and some stablecoins. On-chain data revealed that Binance has experienced a drastic 94.1% reduction in its Bitcoin holdings between January and February. The outflow was even more extreme for Ethereum, where balances dropped by 99.9% over the same period. BNB, Solana, and Tether USDT have also been reduced by 16.6%, 99%, and 99.9%. Interestingly, AB Kuai.Dong noted these assets were primarily past revenue generated by the platform rather than user funds. He also pointed out that a significant portion of the sold cryptocurrencies had been converted into USDC, which has increased by 57.5% in Binance’s wallets. Binance Responds To Market Crash Allegations AB Kuai.Dong quickly gained traction among crypto traders and investors on X, particularly those searching for explanations for the recent drop in Bitcoin and Ethereum prices. As the biggest crypto exchange in the world, a major selloff by Binance would be one of the worst things to happen to the cryptocurrencies involved. Related Reading: Analyst Says Prepare For Ethereum Price To Hit $17,000, Here’s Why However, Binance was quick to address the concerns, firmly denying that it had sold any assets. In an official statement on X, the exchange clarified that what had been observed was merely an internal accounting adjustment within the Binance treasury. As such, Binance reassured users that their funds remained safe and secure as always. At the time of writing, Bitcoin is trading at $95,740, having declined by 2.6% in the past 24 hours. Ethereum is trading at $2,600 and is on a 4.2% decline in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com
Tether CEO Paolo Ardoino has shown interest in a proposal for a quantum-powered initiative aimed at retrieving lost Bitcoin. The idea, originally put forward by Bitcoin investor Brad Mills, suggests launching a white-hat treasure hunt to locate an estimated 3.7 million BTC that have vanished from circulation. Ardoino acknowledged the concept’s potential but emphasized the […]
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USDt explained for beginners: Learn how Tether works, why it’s popular and how it stacks up against other stablecoins.
Stablecoin issuer Tether is advancing its AI initiatives with a focus on translating brain signals into speech. In a Feb. 6 post on X, Tether CEO Paolo Ardoino revealed that Tether Data’s research and development (R&D) team has built an electrocorticography (ECoG) plugin. This technology interprets neural signals, forming the foundation for brain-to-text communication. Initial tests […]
The post Tether’s new AI tech translates brain signals into speech appeared first on CryptoSlate.
Tether CEO Paolo Ardoino has once again refuted claims that the company is developing its blockchain. On Feb. 5, Ardoino took to X to clarify that Tether has no intention of launching a blockchain, calling the speculation baseless. His statement addressed comments from crypto influencer Ansem, who was one of the many industry voices speculating […]
The post Tether dismisses blockchain rumors, doubles down on AI innovation appeared first on CryptoSlate.
Tether, the issuer of the world’s largest stablecoin, is expanding its artificial intelligence (AI) capabilities. On Feb. 4, Paolo Ardoino, the company’s CEO, revealed that the firm is working on several AI-driven applications while preparing to launch an open-source software development kit (SDK) platform. According to him: “Tether Data, preview of some of the AI […]
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The Senate has pushed stablecoin bills before, but the chamber is now led by Republicans who want to make Hagerty's latest effort happen.
This coincided with the launch of Donald Trump's memecoin $TRUMP which caused a wave of inflows to the network
The group also increased its bitcoin holdings last quarter for the first time since March, holding nearly 84,000 BTC worth about $7.8 billion as of year-end.
According to a report from crypto exchange CEX.IO, stablecoin transfers reached $27.6 trillion in 2024, outpacing Visa and Mastercard’s combined transaction volume by 7.68%. The report pointed out that stablecoins consistently outperformed traditional payment providers throughout the year despite a dip in Q3 due to broader market slowdowns. This trend signals a shift in global […]
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The firm also saw its direct and indirect exposure to U.S. Treasuries hit a record high of $113 billion.
The stablecoin market has grown by almost $40 billion since President Trump won the U.S. election.
CryptoQuant highlighted that the expansion of stablecoins in circulation is likely to be a key driver for the next cryptocurrency rally.
Stablecoins are increasingly popular for everyday uses like payments, remittances and savings, and Tether's expansion aims to spur activity to the Bitcoin-based ecosystem.
Tether is touting its tokenization platform Hadron and its investment in Quantoz as part of its European strategy amid regulatory pressures that have led to USDT delistings under the EU’s Markets in Crypto-Assets (MiCA) framework. In a statement to CryptoSlate on Jan. 30, Tether confirmed its commitment to pushing Hadron and Quantoz while finalizing its […]
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Authorities in Spain say they've arrested 23 people and seized $26.4 million thanks to assistance from T3.
Howard Lutnick, President Trump's pick to run the Department of Commerce, is probed by the senator on the Tether connection of his firm, Cantor Fitzgerald.
U.S. Commerce Secretary nominee Howard Lutnick faced questions about his firm's relationship with Tether during a hearing on Wednesday.
Crypto.com will be delisting Tether’s USDT stablecoin by Jan. 31 as part of efforts to comply with Europe’s Markets in Crypto-Assets (MiCA) regulation, according to emails obtained by CryptoSlate. The exchange will also remove nine other tokens, including Wrapped Bitcoin (WBTC), DAI, Pax Dollar (USDP), PayPal USD (PYUSD), Crypto.com’s Staked ETH (stETH), Staked SOL (stSOL), Liquid […]
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The T3 Financial Crime Unit (T3 FCU)—a joint task force formed by Tether, TRON, and TRM Labs—has frozen $26.4 million in crypto tied to a large-scale European money laundering operation, according to a Jan. 27 statement shared with CryptoSlate. The operation, conducted in partnership with Spain’s Guardia Civil, represents the task force’s most significant milestone […]
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