BitMEX Shuts September 23. Its Futures Were Due to Settle the 25th.
BitMEX settles four September futures 46 days early on August 10. Three adjustment rates came back at 1.00, one at 1.03, and 18 contracts go Tuesday.
BitMEX settles four September futures 46 days early on August 10. Three adjustment rates came back at 1.00, one at 1.03, and 18 contracts go Tuesday.
Treasury sanctioned two more Iranian crypto venues on August 7. The June round covered 72% of inflows; the new case names flows of $2 million.
Seoul police say a fake Flare staking site took 3.4 million XRP from 71 investors. The wallets behind it moved more than twice that sum.
June stablecoin volume hit a record $1.79 trillion while supply shrank. USDC turned over its float 16 times. USDT managed three.
Hormuz Safe settles maritime cargo insurance in Bitcoin, bypassing SWIFT entirely. Iran's Ministry of Economic Affairs says the platform could generate $10 billion. The website is already up. Whether anyone outside Iran will use it is another question.
SoftBank contributed roughly 10,500 BTC when Twenty One Capital launched. Six months later, Tether bought the entire position, removed SoftBank's board seats, and took uncontested control of a company sitting on 43,514 BTC worth $3.4 billion.
Treasury Secretary Scott Bessent told Fox Business the US has seized roughly $1 billion in Iranian crypto since the war began in February. His phrasing was blunt: "Just outright grabbed the wallets. Some of them may be typing in right now and might not realize their wallet has been grabbed." Iran was allegedly moving $400 to $500 million a month through crypto.
The stablecoin issuer transferred 951 BTC from a Bitfinex hot wallet into its cold reserve on April 15. Tether's BTC position now exceeds $7.1 billion with $2.175 billion in unrealized gains. The company has never sold from the reserve.
Tether's USDT dominates with $185 billion in market cap but faces ongoing transparency questions. Circle's USDC is smaller at $78 billion but audited monthly by Deloitte, MiCA-compliant, and now leads in transaction volume. Here is what the data says about which one to trust with long-term holdings.
The $150 million recovery plan will fund user reimbursements as Drift relaunches with USDt as its settlement asset. Circle faced heavy criticism for not freezing $232 million in USDC that the North Korea-linked attacker moved through its own bridge.
Tether's USDT underpins $187 billion in crypto liquidity. It settles more daily volume than most traditional payment networks. If it failed, the damage would not be contained to one token. It would cascade through DeFi, centralized platforms, and emerging market payment rails simultaneously.
Two Tron wallets holding $212.9M and $131.3M were blacklisted in a coordinated move with US authorities, roughly doubling Tether's previous record freeze.
PUSD moves into a network co-built by First Abu Dhabi Bank, opening a direct path into a $3 trillion finance corridor.