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Bitfinex's newly introduced Tether tokenized bond, initially celebrated as the start of a “new era for capital raises,” has fallen short of attracting the expected level of investment and interest.

The ALT2611 tokenized Tether bond from Bitfinex has only managed to raise 15% of its target two weeks after launch.

The largest Tether (USDT) whales have been growing their holdings over the past six months, adding in $1.67 billion worth of the stablecoin, in an accumulation trend that suggests they're getting ready to buy cryptocurrencies on the market and potentially helped BTC's price surpass $40,000.

Since roughly the middle of October, seemingly all eyes became fixated on cryptos to watch. From a total market capitalization of $1.

Bitcoin experienced a turbulent start this month, plummeting over 5% on Tuesday following Changpeng Zhao's (CZ) resignation as Binance CEO. However, the flagship cryptocurrency demonstrated remarkable resilience, surging to $38,360 on Friday to mark its highest level since May 2022, before consolidating over the weekend.

USDT's market cap climbed to new highs during November 2023 as tokens in the broader crypto ecosystem and defi recorded price sprints due to significant cash inflows.

USDT extends its dominance of the stablecoin market as its market cap reaches a new all-time high.

Leading crypto analytics firm Santiment says that the largest Tether whales have been gobbling up the stablecoin USDT in the past six months. Santiment notes that the top 100 USDT addresses have added $1.67 billion worth of the top stablecoin by market cap over a six-month period, indicating a nearly 10% rise in buying power.

The native token of the Cortex blockchain, CTXC, gained bullish momentum as the asset became the top trading pair with USDT on the largest crypto exchange, Binance.

In a spectacular turn of events, Bitcoin showcased remarkable strength, breaching the $38,300 level for the first time in over a year. This surge, witnessed on November 25th, brought a glimmer of positivity to the cryptocurrency market, capping off a week marked by the departure of Changpeng “CZ” Zhao from Binance, the world's foremost cryptocurrency exchange.

Alongside the traditional trading competition, Binance futures participants can engage in a Copy Trading Competition and a Trading Bots Competition.

Facing the turmoil of the largest cryptocurrency exchange, Binance, and recent rocky charts that have seen most crypto assets experience a cutback on their gains, investors are now left wondering what is next on the horizon.

Stablecoin issuer Tether has moved to freeze a whopping $225 million believed to belong to an international human trafficking group in Southeast Asia to assist the U.S. Department of Justice.

Binance's future in flux as CEO departure sparks concerns, impacting stability and cryptocurrency market dynamics, warranting close scrutiny.

In a groundbreaking departure from their previous stance, cryptocurrency behemoths Tether and Bitfinex have chosen to withdraw their opposition to a Freedom of Information Law (FOIL) request. This pivotal decision could usher in a new era of transparency in the often opaque world of cryptocurrency regulations, shedding light on intricate details surrounding Tether's USDT token, the largest stablecoin globally.

In a remarkable turn of events, Bitcoin has once again captured the crypto spotlight, surging by 1.5% and reaching $38,000. This renewed bullish momentum is not just a price movement; it's a symphony of factors that paint a compelling picture of Bitcoin's strength and resilience in the current market landscape.

Binance saw USDT withdrawals worth 100 million. Regardless, the exchange's daily trade volume crossed $11 billion.

Tether and Bitfinex, key players in the cryptocurrency arena, have taken a noteworthy step towards transparency by retracting their opposition to a Freedom of Information Law (FOIL) request in New York.

In the realm of digital currencies, Bitcoin's latest upswing to $38,000 echoes a resilient resurgence, hinting at an imminent breakthrough beyond the coveted $40,000 mark. This bullish trajectory isn't merely a stroke of fortune but is meticulously supported by a compelling factor: the amplified holdings of Tether (USDT), a stablecoin indicating formidable buying power within the crypto sphere.

Bitcoin's price soared to $38,000 with many USDT holders showing bullish sentiment. Tether continued to showcase support for BTC, further strengthening the relationship between Bitcoin and USDT The post Bitcoin: How USDT whales can aid BTC in its move to $40K appeared first on AMBCrypto.

Tether is like the king of stablecoins, firmly establishing itself as the cornerstone in this crypto world. It's not just sitting still; Tether has smartly spread out across different blockchains, encouraging new ideas and advancements.

Bitcoin continues to make strong moves with the BTC price shooting another 1.5% moving all the way to $38,000 levels earlier today. As per several on-chain metrics, bulls seem to be gaining an upper hand while setting up their eyes on $40,000 and beyond.

Tether's resurgence in the stablecoin realm heralds its unwavering dominance, reshaping the landscape for cryptocurrency enthusiasts and investors.

Tether and Bitfinex abandon their opposition to a FOIL request, affirming their commitment to transparency.