
Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.

To Watch This Week
AIRDROPS + ALPHAApr 1, 2025
Law and Order
Top Lawmaker Shuts Down Coinbase Plea for Interest-Bearing Stablecoins
As stablecoin legislation races toward the finish line in both chambers of Congress, crypto leaders have issued increasingly direct appeals to make those bills more favorable to their industry—but they're encountering resistance from lawmakers. One emergent sticking point has been whether U.S.-regulated stablecoins should be allowed to generate interest for holders moving forward. On Coinbase, for instance, users can currently earn 4.1% APY on their USDC deposits—an attractive feature that coul...
Mar 28, 2025
Law and Order
Stablecoin Legislation Shouldn’t Force Issuers to Comply With Bank Secrecy Act: Rep. Tom Emmer
In a potential sign of brewing tensions regarding key language in multiple stablecoin bills circulating in Congress, House Majority Whip Tom Emmer (R-MN) said this week he doesn’t believe stablecoin issuers like Tether should have to comply with the anti-money laundering Bank Secrecy Act—a major sticking point of both the Senate’s stablecoin-focused GENIUS Act, and the House’s parallel STABLE Act. Including such a provision in the legislation could box out foreign issuers while favoring U.S. co...
Mar 27, 2025
Business
Tether Pours Capital Into Media, Agriculture Companies Amid Investment Spree
Tether revealed Thursday it is investing in a pair of firms unrelated to the crypto industry, continuing an investment spree that has only intensified since the company reported record profits earlier this year. The El Salvador-based company snapped up 49,596,510 shares of Latin American-focused agricultural firm Adecoagro, growing its stake in the business to 70%, according to an SEC filing published Thursday. "Our investment aligns with Tether's broader strategy to back infrastructure, techn...
Mar 21, 2025
Law and Order
Tether Engaging With 'Big 4' Accounting Firm on Independent Audit: Report
Stablecoin giant Tether has said that it is in talks with a Big Four accounting firm to get independently audited, according to a report on Friday by Reuters. The company—which is now based in El Salvador—has struggled to get a top accounting firm to independently audit what backs its stablecoin. The company is "engaging" with one of the top firms, the firm's CEO Paolo Ardoino said, according to Reuters. The Big Four accounting firms are PwC, EY, Deloitte and KPMG. Tether did not immediately...
Mar 17, 2025
DeFi
PancakeSwap CAKE Jumps 37% Amid Meme Coin Resurgence and Binance Tether Delisting
PancakeSwap, a decentralized exchange on Binance Smart Chain, has the largest trading volume over the past 24 hours—beating even Ethereum-based competitor Uniswap. And according to CoinGecko, all that volume has sent the price of its CAKE token surging as much as 40% in the past day. This comes after Binance delisted Tether from its centralized exchange, prompting an increase in Tether volume on PancakeSwap, and an unrelated surge of interest in meme coins on Binance Smart Chain. CAKE is up 37%...
Mar 10, 2025
Law and Order
Thailand Approves USDT, USDC for Trading On Crypto Exchanges
Thailand’s Securities and Exchange Commission has approved Tether’s USDT and Circle’s USD Coin (USDC) for trading on digital asset exchanges—the latest sign that stablecoin adoption is accelerating globally. The stablecoin pairs will become available for trading in Thailand on March 16, Thailand's Securities Commission said Monday in a statement. “We are committed to supporting the long-term success and adoption of stablecoins in Thailand and look forward to contributing to the growth of the...
Mar 7, 2025
Law and Order
FBI Puts $10M Bounty on Ex-Olympian Who Allegedly Laundered Drug Money With Tether
U.S authorities have slapped a $10 million bounty for the capture of Ryan Wedding, a former Canadian Olympic snowboarder, who faces serious allegations of running a transnational cocaine empire. The Federal Bureau of Investigation (FBI) announced on Thursday that the Canadian is now added to the Ten Most Wanted Fugitives list in a desperate bid to catch him sooner. The U.S. Department of State’s Bureau of International Narcotics and Law Enforcement Affairs has offered a $10 million reward under...
Mar 6, 2025
Law and Order
Russian Crypto Trading Platform Garantex Seized by Secret Service
The U.S. Secret Service, with international law enforcement, seized and removed the website of Russian crypto exchange Garantex, citing alleged ties to sanctioned Russian banks and criminal groups. The Garantex homepage, which is now timing out, had previously said that the platform’s domain had been taken by the agency, which received a warrant from the U.S. Attorney’s Office for the Eastern District of Virginia. A spokesperson for the Secret Service, Nate Herring, said that the seizure was par...
Mar 3, 2025
Law and Order
India Police Shut Down $2.4 Million Crypto Scam That Duped 2,000 Victims
Police in India have uncovered a large-scale crypto fraud operation that duped over 2,000 victims and led to losses of $2.4 million. In a late-night operation on Sunday, Assam police said they have arrested three individuals in connection with the scam—Asadul Islam, Hashanur Zaman, and Kobad Ali Mollah—all accused of operating a fraudulent scheme under “RSN crypto.” The scam targeted residents in Assam and the neighboring state of Meghalaya, luring victims with promises of lucrative returns thro...
Mar 3, 2025
Business
Binance to Delist Tether and Other Stablecoins for EEA Users, Due to MiCA Regulations
Binance, the biggest centralized crypto exchange in the world, will delist nine stablecoins for those in the European Economic Area (EEA), including coins issued by Tether, as they are not compliant with the EU’s Markets in Crypto Assets (MiCA) regulations. Starting March 31, the assets affected will be USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC and PAXG, the crypto exchange said in an announcment. Binance will continue to allow anyone to withdraw or deposit these coins but encourages EEA use...
Feb 26, 2025
Law and Order
South Korea Police Arrest Four Linked to Murder by Stabbing, Crypto Theft
Police in South Korea have arrested four individuals in connection with the murder of a Chinese man in his thirties. Authorities say he had travelled to the island city of Jeju to complete a private crypto exchange. Police discovered the body of the victim, identified only as Mr. A, on Monday afternoon after an acquaintance of the man telephoned 112 because they were concerned that he had not heard from Mr. A. Mr. A was dead at the scene by the time officers from Jeju Western Police Station arri...
Feb 20, 2025
Business
Stablecoin Legislation Could Unleash 1,000 Tether and USDC Rivals, Expert Says
As lawmakers hash out a federal framework for stablecoins in the U.S., corners of the crypto industry may soon face competition from the likes of Uber and Meta. Senate Banking Committee Chairman Tim Scott (R-SC) vowed this month that a stablecoin bill, dubbed the GENIUS Act, will be passed by both chambers of Congress and signed into law within the first 100 days of President Donald Trump’s administration. As the bill gains momentum, some experts say the industry may be at a crossroads. While th...
Feb 20, 2025
Law and Order
Woman Who Defrauded Bybit Out of $4.2 Million Gets 10-Year Jail Sentence
A woman who defrauded Bybit out of more than $4 million in crypto, and spent the ill-gotten gains on luxury items, has been jailed for almost 10 years. Ho Kai Xin, who's from Singapore, worked for a company called Wechain Fintech, which handled payroll processing on behalf of the crypto exchange. The 32-year-old manipulated Excel spreadsheets to show USDT payments were due to digital wallets she controlled, when no money was owed. Millions were then transferred over a three-month period in 2022....
Feb 16, 2025
Business
Coinbase Targets USDT Stablecoin Rival Tether With an $86 Billion 'Stretch Goal' for USDC
Coinbase CEO Brian Armstrong said Thursday that the crypto heavyweight is taking off its gloves for a renewed fight in the stablecoin ring. During the company’s fourth-quarter earnings call, Armstrong said the firm will aim to challenge Tether’s position as the industry’s reigning stablecoin issuer. The ultimate goal is to make Circle’s USDC the world’s “number one dollar stablecoin.” Armstrong characterized this new aim as a “stretch goal,” signaling it represents an ambitious yet potentially a...
Feb 14, 2025
Business
Stablecoin Giant Tether Buys Minority Stake in Juventus Soccer Club
Tether Investments, the investment wing of stablecoin issuer Tether, announced it purchased a minority stake in Italian Serie A soccer club, Juventus. The firm said the investment aims to “build a new synergy between sports and digital assets,” ultimately moving further toward its goal of integrating stablecoins and digital assets into everyday life. Financial details of the investment were not disclosed. “Aligned with our strategic investment in Juve, Tether will be a pioneer in merging new te...
Feb 13, 2025
Law and Order
Tether May Need to Sell Bitcoin to Meet Proposed US Stablecoin Rules, Says JP Morgan
Stablecoin giant Tether may have to sell some of its Bitcoin in order to comply with proposed U.S. regulations, according to a report from the world’s biggest bank, JP Morgan. In a Wednesday report, the banking giant said that under potential new regulations in the U.S. seeking to keep a close watch on stablecoin issuers, a significant chunk of Tether’s current reserves would not be compliant. Tether is the biggest issuer of stablecoins, or cryptocurrencies backed by less-volatile assets. Stab...
Feb 12, 2025
Coins
Tether Chooses Ethereum L2 Arbitrum for Cross-Chain USDT Infrastructure
Tether has picked Layer 2 Ethereum protocol Arbitrum to provide the infrastructure for its new cross-chain initiative, Legacy Mesh. The news follows Tether’s launch of a new token, dubbed USDT0, in mid-January to facilitate smoother cross-chain transfers of USDT outside of blockchains that already support it. The aim was to do it without needing to use techniques like wrapping tokens or blockchain bridges. USDT0 is pegged one-to-one with Tether’s flagship stablecoin, USDT. It's currently the wor...
Feb 11, 2025
Law and Order
Former Supreme Court Star Has Bail Revoked as Feds Uncover Crypto Trail
A Maryland federal judge ordered the rearrest of prominent Supreme Court attorney Thomas Goldstein on Monday, following an earlier release on bail. Goldstein, who faces a criminal tax evasion case for "concealing millions of dollars in cryptocurrency transactions from the IRS," had been involved in "misconduct" that spanned "more than half a decade," the case file reads. Federal prosecutors later claimed that he showed "urgent risk of flight," given his connections to "wealthy individuals." The...
Feb 10, 2025
Law and Order
Thai Police Seize $2.5 Million USDT from Alleged Scam Operation
A Thai and Chinese police collaboration led to two arrests and the seizure of $2.5 million worth of Tether’s USDT stablecoin, the investigators said. The stablecoin holdings were obtained through a large-scale scam operation, according to a recent report by local English-language news outlet Khaosod English. The arrests were carried out on Feb. 5, with the two Chinese nationals having reportedly resisted arrest and attempting to delete data of their phones. The suspects, 29-year-old Ye Wanyou an...
Feb 6, 2025
Markets
Trump Crypto Agenda Could Speed Up Digital Euro: ECB Board Member
President Donald Trump’s support for crypto and stablecoins could accelerate the progress of a European central bank digital currency, or CBDC, according to one European Central Bank (ECB) board member. In an interview with Reuters, ECB board member Piero Cipollone said he “hoped” the European Union’s Parliament and Council could finalize work on digital euro legislation before the summer of 2025, allowing the rules to be finished in November. "The political world is becoming more alert to this,...





