American financial services firm Cantor Fitzgerald with over 5,000 institutional clients has partnered with SoftBank, Tether, and Bitfinex to launch a $3 billion Bitcoin investment vehicle named Twenty One Capital. This initiative, announced on April 23, 2025, aims to emulate MicroStrategy’s strategy of holding substantial Bitcoin reserves. Key Details of the Venture Formation of Twenty…
USDT stablecoin issuer Tether has failed to secure a court order to block its former bitcoin mining partner, Swan Bitcoin, from pursuing a lawsuit in California, the Financial Times reported. The UK High Court dismissed Tether’s request for an injunction, marking another twist in the deteriorating relationship between the two firms. The legal dispute involves…
Want the latest crypto updates? StealthEX and CryptoDaily have you covered! Each week, we bring you the biggest stories shaping the market. No fluff—just clear and concise insights. Stay informed and ahead of the trends with our easy-to-digest recap. Let’s get started! Ethereum Fees Drop to Four-Year Low as Network Activity Slows Ethereum transaction fees…
The former CEO of stablecoin firm behemoth Tether is throwing his support behind a new USDT rival, according to Bloomberg. Tether co-founder Reeve Collins is now the chairman and co-founder of Pi Protocol, the maker of a new USDT competitor, USP, Bloomberg reports. The Pi stablecoin is scheduled to roll out on the Solana (SOL)…
The chief executive of USDT stablecoin issuer Tether is reportedly working with US authorities to construct laws around dollar-pegged crypto assets. In a new post on the social media platform X, Fox Business journalist Eleanor Terrett reports that Paolo Ardoino and Tether are “actively engaging” with the US government on how to best form laws…
Juventus FC, one of Italy’s most iconic football clubs, found an unexpected backer in the cryptocurrency space. Tether, the issuer of the $140 billion stablecoin USDT, has acquired a minority stake in the club, signaling a broader expansion into sports investments. The announcement sent Juventus shares climbing and sparked a dramatic rally in the club’s…
Bloomberg’s Suvashree Ghosh reports that Tether, the leading issuer of stablecoins, is embarking on a bold foray into artificial intelligence (AI) filmmaking, signaling an ambitious innovation agenda. Tether Boss Discusses Bold Step Into AI Filmmaking Renowned for its commanding role in the stablecoin sphere, Tether manages roughly $137 billion USDT in circulation. The company has…
Why is Crypto market in Red today? Reasons are many, but one obvious jumps out – Overbought – Correction is not only necessary, but underway…. So what happened today : Over the past 24 hours, the global crypto currency market capitalization saw another drop. It’s down 3.3% to $3.41 trillion. At the time of…
Tether, the issuer behind the world’s largest stablecoin, USDT, has announced its decision to discontinue support for its euro-backed stablecoin, EURT. The move reflects both shifting market dynamics and evolving regulatory conditions in the European Union. Tether emphasized that community interest remains central to its decision-making process. The company stated that it continuously evaluates its…
November 25, 2024November 25, 2024 Howard Lutnick, Donald Trump’s pick for Commerce Secretary, is in talks with Tether to launch a $2 billion project lending dollars to clients against Bitcoin. Howard Lutnick’s firm, Cantor Fitzgerald, is in talks with Tether for financial support to fund a project that could…