Tether plans a new chapter in dollar-linked tokens, unveiling USAT—a planned U.S.-regulated, dollar-backed stablecoin—and naming Bo Hines as CEO-designate of Tether USAT. Tether’s Next Act: A U.S.-Regulated Dollar Token Called USAT Framed as a U.S. product from day one, USAT will target businesses and institutions that want a digital cash alternative governed by strict standards
Solana hit its highest price since January on Friday, following massive Galaxy buys likely tied to a treasury firm.
According to data from on-chain analytics platform Lookonchain, a whale continues to sell off significant profits from its PUMP investments. The investor in question spent $10 million to acquire 2.5 billion PUMP tokens and is now selling. The address that deposited 250 million PUMP ($1.53 million) to Binance eight hours ago still holds 2.25 billion PUMP ($13.6 million). The investor's total profit exceeds $5 million. Alongside the sell-off in PUMP, whale sales in the HYPE token are attracting attention. 0x746b sold 188,861 HYPE ($10.58 million) in the last 4 hours at an average of $56.01. 0x7be1 has sold 175,000 HYPE ($9.75 million) at an average price of $55.72 in the last 4 days. 0x0e41 sold 113,310 HYPE ($6.32 million) in the last 3 days at an average price of $55.74. 0xe867 sold 50,000 HYPE ($2.77 million) at an average price of $55.53 in the last 20 hours. Related News: Billionaire Bitcoin Bulls Winklevoss Twins Reveal 10-Year Price Forecast for Bitcoin Whale sales continue on the Ethereum side. Address 0xdE03 realized a profit by selling 25,755 ETH ($117 million) six hours ago. Over the past three years, this address had withdrawn and staked 44,661 ETH ($107.7 million) from exchanges at an average price of $2,411, and then deposited 45,132 ETH ($165.5 million) to Binance at an average price of $3,668. The address still holds 3,362 ETH ($15.2 million), bringing its total profit to approximately $73 million. *This is not investment advice. Continue Reading: Attention: This Altcoin’s Big Whale Has Started Selling for Profit
Key Takeaways: DOJ filed a civil forfeiture action to recover $584K in USDT tied to Mohammad Abedini, linked to Iran’s military drone program. The funds were stored in an unhosted wallet allegedly controlled by Abedini or his company, SDRA. Abedini’s firm supplied navigation systems used in IRGC drones and missiles, including one used in a fatal 2024 attack. The U.S. Department of Justice filed a civil forfeiture action to recover $584,741 in USDT allegedly controlled by Mohammad Abedini, an Iranian national charged with supporting Iran’s drone operations. The action was announced in a press release published by the U.S. Attorney’s Office for the District of Massachusetts. DOJ Files Forfeiture of USDT The seized funds were held in an unhosted cryptocurrency wallet believed to be associated with Abedini or his company, San’at Danesh Rahpooyan Aflak Co. (SDRA), which manufactures navigation systems used in the Islamic Revolutionary Guard Corps’ drone and missile programs. Abedini was indicted in December 2024 for providing material support to a designated foreign terrorist organization. The U.S. Department of Justice (DOJ) charged a dozen people for their role in a $263 million crypto crime scheme. #DOJ #CryptoCrime https://t.co/5yBzBytkgy — Cryptonews.com (@cryptonews) May 16, 2025 According to court filings, his company sold the Sepehr Navigation System to the IRGC Aerospace Force. U.S. prosecutors allege that between 2021 and 2022, nearly all of SDRA’s sales of the system were to the IRGC. Authorities linked the system to a drone recovered from a January 2024 attack in Jordan that killed three U.S. service members and injured more than 40. The drone was identified as an Iranian Shahed UAV, and investigators allege that it used navigation technology developed by SDRA. “U.S. law authorizes the forfeiture of assets used to support or fund acts of terrorism against the United States or its citizens,” the DOJ stated. Italian authorities detained Abedini in December 2024, but he was later released. He is currently believed to be in Iran. International Enforcement in the Crypto Sector The case is being handled by prosecutors from the District of Massachusetts and the National Security Division. The forfeiture complaint and criminal charges are allegations. The defendant is presumed innocent until proven guilty in a court of law. Investigators are now placing increased focus on tracing funds linked to dual-use technologies in defense applications, especially when tied to actors under U.S. sanctions. Enforcement agencies have also pushed for closer coordination with international counterparts to monitor digital asset transfers involving sensitive exports. U.S. prosecutors have stated they will continue pursuing forfeiture and criminal actions where digital assets are linked to security threats, even when suspects are beyond physical reach. Frequently Asked Questions (FAQs) How do U.S. prosecutors trace stablecoin transactions from unhosted wallets? Although unhosted wallets lack a central intermediary, blockchain analysis firms and forensic tools allow investigators to link wallets to known actors or flagged transactions, particularly when exchanges are involved at entry or exit points. Could digital asset seizures be used to deter overseas suppliers of military technology? Yes. Freezing or seizing funds related to defense-linked exports can limit financial operations and serve as a method of pressure, especially in the absence of extradition. The post U.S. DOJ to Seize $584K in Crypto Linked to Iranian Drone Supplier appeared first on Cryptonews .
Tokenized private credit is a digital representation of private loans and credit instruments issued on a blockchain. It increases liquidity and investor access by fractionalizing private credit, letting retail and
Ethereum's price increased near 5% to $4,618, driven by market factors. Analysts highlighted accumulation behavior, indicating further ETH price growth. Continue Reading: Ethereum Soars as Smart Money Predicts Market Momentum The post Ethereum Soars as Smart Money Predicts Market Momentum appeared first on COINTURK NEWS .