Tether plans to launch a new platform

Tether is known to issue USDT, the most popular stablecoin on the market, and the company recently reported significant efforts under Ardoino to expand its business between issues. stablecoins.

Last year, Tether added a stake in Northern Data, which is engaged in artificial intelligence and gloomy calculations, which brings its growing interest to three.

Although there was little detail about the upcoming platform for piece intelligence, Tether’s ambitions to release a product in this hot space also reinforce the growing trend of cryptocurrencies and piece intelligence.

Last year, Tether added a stake in the Northern Data company, which is engaged in artificial intelligence and gloomy calculations, which brings its growing interest to three.

Although details about the future of the AI ​​platform were not enough, Tether's ambition to release a product in this hot spot is also supported by the growing interplay of cryptocurrencies and AI.

 

Bankrupt Cryptopia Exchange Distributes $225 Million to Hack Victims

Cryptopia's liquidation firm, Grant Thornton, announced on December 20 that it had begun distributions to more than 10,000 verified account holders affected by the 2019 Cryptopia hack.

In just two days, Bitcoin (BTC) and Dogecoin (DOGE) verified account holders received cryptocurrency distributions worth at least NZ$400 million ($225 million), the liquidator said.The payouts mark a major milestone in Cryptopia's liquidation process since Grant Thornton launched the Cryptopia claims portal in 2020.

 

Ripple, Ondo, Coinbase, and Kraken Donate $8 Million to Trump's Inauguration in January

Ripple Donates $5 Million in XRP to Support President-elect's Inauguration President Donald Trump and Vice President J.D. Vance in January.

Other crypto companies like Coinbase, Kraken, and Ondo Finance have also announced large donations to the inauguration fund.

According to Fox Business, Coinbase and Kraken, each contributed $1 million to the Inaugural Trump-Vance Committee. The committee organizes events such as balls, parades and dinners to celebrate the election victory in November. The three-day celebration will take place around the inauguration ceremony on January 20. Ondo Finance also donated $1 million to the inauguration fund. The announcement came after the project's native token ONDO hit an all-time high of $2.14 on the back of a $250,000 investment from World Liberty Financial.

 

Metaplanet Acquires Record 619 BTC

On December 23, 2024, Tokyo-based Metaplanet purchased 619.7 BTC for a total of 9.5 billion yen (equivalent to $60.6 million at the time of writing) as part of its ongoing Bitcoin treasury operations.

The average purchase price is approximately 15.3 million yen ($97,824, respectively) ) for the asset.

In total, the company spent 20.9 billion yen ($133.2 million) on purchasing the first cryptocurrency, with an average cost of 11.9 million yen ($75,611) per 1 BTC.

At the time of writing, the company's total reserves of almost 1,762 BTC are estimated at $168 million. Compared to the previous period, the amount on the company's balance sheet has increased by 54.3%. Recall that on November 19, 2024, Metaplanet acquired 124.11 BTC.

 

Singapore’s IR Exchange Launches RLUSD

Singapore’s Independent Reserve (IR) cryptocurrency exchange has become the first licensed platform in the region to offer its clients a new stablecoin, RLUSD. Starting December 22, 2024, users will be able to trade the digital asset, which promises to change the way transactions are made on the global stage.

RLUSD is a stablecoin pegged to the US dollar at a 1:1 ratio. It is issued on the XRP Ledger and Ethereum platforms, providing flexibility in use for a variety of financial transactions, from cross-border payments to decentralized finance.

RLUSD is issued in accordance with the strict regulatory standards of the New York Department of Financial Services (NYDFS). The stablecoin’s reserves are backed by US dollars and cash equivalents such as government money market funds and Treasury bills. Ripple plans to publish monthly reserve confirmations, which will provide additional transparency and security for investors.

 

The former US presidential candidate's company has filed for an ETF with a focus on bitcoin bonds

Asset management company Strive, founded by entrepreneur and ex-presidential candidate Vivek Ramaswamy, has applied for the listing of a new exchange-traded fund (ETF) focused on investments in convertible bonds.

Among the fund's key assets are the securities of the company MicroStrategy, which is known for its corporate strategy of acquiring cryptocurrencies.

According to the filing, the Strive Bitcoin Bond ETF will be actively managed and will gain access to Bitcoin bonds directly or through financial instruments such as swaps and options. These bonds include securities of companies investing a significant part of their funds in the first cryptocurrency.

The company MicroStrategy, which began buying bitcoin in 2020, invested billions of dollars in the asset. Thanks to this, shares of the company (MSTR) have risen by more than 2,200% over the past four years, outperforming almost all public companies except Nvidia.