Chilean exchange Orionx is shutting down after a forensic audit found a more than $7 million custody gap, freezing withdrawals and leaving customer recovery uncertain. The case also raises regulator and governance questions, with former executives denying wrongdoing.
Read Full Article
Stablecoins are going mainstream: Circle is putting USDC on Chelsea’s shirt, Tether is facing a New York lawsuit over a $42.4 million freeze, and regulators are scrambling as digital dollars become both a payment tool and a power struggle.
Read Full Article
A 21-bank consortium led by Bank of America, Citi, Goldman Sachs and UBS is planning a dollar stablecoin, with a euro token to follow, in a direct challenge to Tether and Circle. The push could reshape payments and crypto settlement if the banks can actually deliver.
Read Full Article
Sberbank is reportedly set to accept Bitcoin, Ethereum and USDT as loan collateral from Sept. 1, but the claim comes with no official details or confirmation. If true, it would signal another step for crypto in traditional lending — but for now, treat it as intriguing, not settled.
Read Full Article
Tether is pushing back against the BIS, arguing fully reserved stablecoins are safer and more useful than bank-led tokenized deposits. The real battle is over who controls digital dollars: open, reserve-backed money on blockchain rails, or permissioned bank money kept inside the financial system.
Read Full Article
JPMorgan is reportedly exploring a public stablecoin as U.S. banks race to build digital dollar rails under the new GENIUS Act. The shift shows stablecoins are moving from crypto niche to core financial infrastructure, with big implications for Tether, Circle, and Wall Street control.
Read Full Article
USDT reportedly added 1.6 million holders in a week, but the metric is noisy and doesn’t prove 1.6 million new users. What it does show is that Tether still dominates liquidity as stablecoin rivals, yield incentives, and even banks ramp up the pressure.
Read Full Article
Tether’s big Bitcoin mining bet in Uruguay unraveled after a dispute with state utility UTE over power terms and unpaid bills led to a cutoff in July 2025. The collapse is a blunt reminder that mining runs on cheap, reliable electricity—not hype.
Read Full Article
U.S. Treasury has opened rulemaking on the GENIUS Act, setting up new stablecoin rules that could reshape payments, compliance, and the fate of foreign issuers in the U.S. market. The deadline for public comments is October 20, 2025.
Read Full Article
Bitcoin’s “digital gold” pitch is facing a reality check: gold is outperforming BTC right now, even as Saylor argues Bitcoin is the better long-term store of value. The bigger takeaway? Smart treasury players like Tether aren’t picking a religion — they’re holding both.
Read Full Article