OKX has launched zero-fee conversions between Circle’s USDC stablecoin and the US dollar, enhancing liquidity and user experience in fiat-to-crypto transactions. This strategic partnership aims to eliminate traditional frictions in
Tether CEO Paolo Ardoino made some striking statements in an interview. Ardoino announced that Tether aims to become the world's largest Bitcoin miner by the end of this year. Tether CEO: “We Will Be the World's Largest Bitcoin Miner by the End of the Year” He also argued that the company plays a significant role not only in the crypto assets space but also in the expansion of global dollar dominance. The CEO stated that Tether will make a bigger profit this year compared to 2024. The company, which announced a profit of $13.7 billion in 2024, is expected to surpass this figure by the end of 2025. Ardoino said that Tether has no plans to go public in the near future, emphasizing that the company is satisfied with the current structure and will continue to maintain its independence. According to the CEO, Tether’s next wave of growth will come from the commodities trading sector. “Almost all major commodities traders are currently engaging with Tether. This space presents a tremendous opportunity for Tether,” Ardoino said. Stating that Tether's stablecoin USDT, which is pegged to the US dollar, is actually silently expanding the global hegemony of the US dollar, Ardoino argued that stablecoins have become a critical tool in this balance of power. These ambitious steps by Tether seem to have repercussions not only in the cryptocurrency markets but also in the global financial architecture. *This is not investment advice. Continue Reading: Tether CEO Paolo Ardoino Reveals Company's Year-End Target! Here Are the Details
U.S. authorities have charged two men for running a crypto investment scam that defrauded thousands of investors. According to an indictment unsealed on Monday, co-founders Michael Shannon Sims and Juan Carlos Reynoso launched the fake investment platform in 2019, ran the scheme for several years, and pulled in more than $650 million before it collapsed. Called OmegaPro, the platform promised investors up to 300% returns in 16 months, claiming elite traders were generating profits through forex markets. The funds were collected in crypto, moved through wallets controlled by insiders, and then quietly paid out to top promoters. To make the project appear legitimate and attract new investors, Sims and Reynoso held flashy events across Latin America, Europe, and the U.S. The pair promoted OmegaPro on social media with luxury cars and designer brands, and even projected the company’s logo onto the Burj Khalifa. You might also like: Australian woman faces 10-year ban over $9.6m crypto scam When the scheme started to collapse, the OmegaPro co-founders claimed it had suffered a network hack. Victims were told their funds were being moved to a new platform called Broker Group as part of restructuring efforts. In reality, withdrawals were cut off, and users lost access to their money on both platforms. Both men are now facing charges of wire fraud and money laundering, with a maximum sentence of 40 years in prison each if convicted. The case, which marks one of the largest crypto fraud indictments in recent years, comes as global financial authorities step up efforts to shut down digital asset scams. Just last week, the UK’s Financial Conduct Authority secured a combined 12-year prison sentence for two men behind a similar fraudulent scheme. In that case, the founders promoted fake crypto investment services, exploiting trust and bypassing regulatory safeguards. The scheme resulted in losses of about £1.5 million across multiple victims. Commenting on the OmegaPro crackdown, the head of the U.S. Justice Department’s Criminal Division said authorities will continue going after crypto fraud schemes that prey on investors. “We are leading efforts to combat these complex and insidious digital asset investor scams,” he said, adding that prosecutors remain committed to “pursuing justice for their many victims.” You might also like: DOJ credits Tether for aiding funds recovery from Trump-linked crypto scam
Over the past week, Bitcoin (BTC) has been seesawing within a narrow price range of $107,000 to $110,000, offering little clarity on the direction of its next major move. However, the latest technical analysis suggests that the flagship cryptocurrency may be on the verge of a breakout to the upside, potentially eyeing a new all-time high (ATH). Bitcoin Set To Clear Descending Broadening Wedge According to a recent X post by crypto trader Merlijn The Trader, Bitcoin appears poised to break out of a bullish descending broadening wedge pattern. The trader noted that if BTC can sustain support above the $104,000 level, it may target a potential high of $144,000. For the uninitiated, a descending broadening wedge is a bullish chart pattern formed by two diverging trendlines sloping downward, where price makes lower highs and lower lows over time. It suggests growing volatility and selling exhaustion, often leading to a breakout to the upside once resistance is broken. The following two-day chart shows BTC adhering to this pattern since early January 2025. A significant reversal occurred in April, when Bitcoin surged from a local low of around $76,000 to over $100,000 in just a few weeks. Meanwhile, fellow crypto analyst Ted Pillows shared a similar outlook. He shared the following weekly BTC chart, noting that Bitcoin just posted its highest-ever weekly close. He also highlighted that the Moving Average Convergence Divergence (MACD) indicator has formed a bullish cross – similar to the setup in Q4 2024. To explain, MACD bullish cross occurs when the MACD line – short-term moving average – crosses above the signal line – longer-term moving average – signaling a potential shift from bearish to bullish momentum. This crossover is often seen as an early indicator of a price uptrend or buying opportunity. Bitcoin experienced strong price appreciation in Q4 2024, climbing from approximately $58,000 on October 6 to $108,000 by December 15. At the time, the rally was also fueled by renewed market optimism following Republican candidate Donald Trump’s victory in the US presidential election. BTC Price May Stall Temporarily While Bitcoin seems poised to set new ATHs in the near term, some analysts caution that a short pause in the uptrend may occur. For instance, seasoned analyst Ali Martinez observed that some long-term holders are beginning to take profits. Similarly, strong US employment data for June 2025 is likely to force the US Federal Reserve (Fed) to delay interest rate cuts, which may result in a temporary price pullback in risk-on assets, including BTC. That said, Bitcoin’s weekly RSI continues to trend upward, offering bulls hope that a new high may be within reach. At press time, BTC is trading at $108,160, down 0.1% over the past 24 hours.
The post Tether CEO Says “We Will Be the Largest Bitcoin Miner by the End of 2025” appeared first on Coinpedia Fintech News Tether, the issuer of the world’s largest stablecoin USDT, is gearing up for a dramatic shift in strategy. While regulatory pressure builds under the newly passed GENIUS Act in the U.S., CEO Paolo Ardoino has revealed bold plans to make Tether the largest Bitcoin miner in the world by the end of 2025. This comes alongside its efforts to launch a fully compliant U.S.-based stablecoin amid growing scrutiny. With the Senate passing the “Genius Act,” Paolo expressed optimism. He believes the legislation will create a global compliance framework for stablecoins, both domestic and foreign. Tether plans to align its current USDT token with these new standards and also launch a new onshore stablecoin tailored for the U.S. market. From Stablecoins to Mining Powerhouse Speaking on a recent Bankless podcast with Ryan Sean Adams, Ardoino shared that Tether is investing heavily in Bitcoin mining, alongside ventures in AI, telecommunications, and data centers. With over $10 billion in Bitcoin holdings, Ardoino stressed the importance of protecting the network that underpins Tether’s balance sheet. By becoming a top miner, Tether hopes to safeguard its interests from potential manipulation and centralization risks. Ardoino confidently stated, “Realistically, by the end of this year, Tether will become the biggest bitcoin miner out there.” The Billion-Dollar Mining Bet Despite strong competition from established mining giants like Marathon Digital and Riot Platforms, Tether has made significant progress through partnerships with Latin American governments, including El Salvador , Paraguay, and Uruguay. With over 15 mining facilities already under its belt, the company has quietly poured billions into expanding its mining infrastructure. Still, questions remain, as Tether has yet to disclose its share of the total Bitcoin hashrate. GENIUS Act Forces Strategic Changes While Tether aims to lead in mining, it’s also being forced to navigate new regulatory hurdles in the U.S. The GENIUS Act, passed in June 2025, demands full reserve backing, AML/KYC compliance, and transparency from all stablecoin issuers. Tether has 18 to 36 months to comply or face expulsion from the U.S. market. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Multiple International Companies Apply for Hong Kong’s Stablecoin Licensing , On the flip side, the company worked alongside the U.S. Department of Justice to help freeze illicit funds using its blockchain monitoring systems. He noted that Tether has collaborated with over 250 law enforcement agencies globally, an unmatched record in the crypto world. What’s Next? Tether must now choose between revamping USDT to meet U.S. standards, launching a new regulated stablecoin, or withdrawing from the American market. Meanwhile, competitors like USDC and RLUSD are primed to capitalize on any misstep. Overall, one thing is clear that Tether is no longer just a stablecoin issuer, but a major player betting big on Bitcoin’s infrastructure. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; text-align:left; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; text-align:left; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; width: 20px; margin: 0; display: inline-block; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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With the U.S. Senate passing the GENIUS Act in June 2025, Tether plans to align its existing USDT token with the new regulatory standards. Additionally, it intends to launch a fully compliant, onshore U.S.-based stablecoin to cater specifically to the American market, which demands full reserve backing, AML/KYC compliance, and transparency. Why is Tether investing heavily in Bitcoin mining, despite competition? Tether is investing billions in Bitcoin mining to safeguard its over $10 billion in Bitcoin holdings and protect the network that underpins its balance sheet from potential manipulation and centralization risks. It has acquired over 15 mining facilities, primarily through partnerships in Latin America, aiming for market dominance by year-end. What challenges does Tether face with the new GENIUS Act regulations? Tether faces the challenge of complying with stringent new U.S. stablecoin regulations within an 18 to 36-month timeframe. It must either revamp USDT to meet these standards, launch a new regulated stablecoin, or potentially withdraw from the U.S. market, all while competitors like USDC and RLUSD are vying for market share.
Tether aims to become the largest Bitcoin miner by the end of 2025. USDT compliance planned under GENIUS Act as U.S. Treasury holdings exceed $125B. Expansion targets AI, commodity trading, and 450M+ global stablecoin users. Tether CEO Paolo Ardoino has laid out the company’s ambitious strategy for 2025, highlighting his expectation to surpass last year’s massive $13.7 billion profit, grow the global adoption of USDT, and make a new push to become the world’s largest Bitcoin miner. In a recent Bankless podcast interview, Ardoino detailed Tether’s continued focus on expanding its financial infrastructure outside of the U.S., while also strengthening the U.S. dollar’s dominance through its massive holdings of U.S. Treasuries. Tether CEO Paolo said in Bankless: Tether is expected to become the world's largest Bitcoin miner by the end of this year; Tether is actually promoting the expansion of US dollar hegemony; this year's profit will be greater than last year's 13.7 billion US dollars; Tether does… — Wu Blockchain (@WuBlockchain) July 9, 2025 Tackling U.S. Regulation Head-On Ardoino confirmed that Tether intends to bring its flagship sta… The post Tether CEO Outlines 2025 Plan: Bitcoin Mining, AI, and US Regulatory Compliance for USDT appeared first on Coin Edition .
The post Crypto News Today – Bitcoin Price , Cardano Price, XRP Price, Pi Network Price and More appeared first on Coinpedia Fintech News July 9, 2025 06:28:28 UTC The Blockchain Group Nears US OTCID Listing to Boost Global Expansion The Blockchain Group (ALTBG), listed on Euronext Growth Paris, announced it is in the final stages of its listing process on the US OTCID market. The estimated timeline for completion is 2 to 4 weeks, depending on regulatory and internal decisions. This move aligns with the firm’s mission to expand its global presence and reinforce its strategy as a Bitcoin Treasury Company. By entering the OTCID market, the company aims to enhance investor access and increase long-term shareholder value, leveraging its strengths in data intelligence, AI, and decentralized tech development. July 9, 2025 06:20:40 UTC Tether CEO Unveils Bold Expansion Plans in Bankless Interview Tether CEO Paolo Ardoino revealed ambitious goals in a recent Bankless interview, stating that Tether aims to become the world’s largest Bitcoin miner by year-end. He emphasized that Tether is expanding U.S. dollar dominance globally and expects profits to surpass last year’s $13.7 billion. Despite speculation, Tether has no plans to go public. Ardoino also hinted at a major pivot toward commodity trading, noting intense interest from global commodity traders. As Tether broadens its influence from stablecoins to mining and trade, it’s becoming a central player in both the crypto and traditional finance sectors. July 9, 2025 05:52:53 UTC Cardano News Today: CEO Charles Hoskinson Says Midnight and ADA Key to Restoring Financial Integrity Cardano founder Charles Hoskinson believes that technologies like Midnight and Cardano are essential for rebuilding trust in today’s financial and societal systems. In a recent statement, Hoskinson emphasized the need for privacy-focused and decentralized infrastructure to restore integrity across global institutions. Midnight, Cardano’s sidechain project focused on secure data sharing, plays a central role in this vision. As traditional systems face growing scrutiny, Cardano continues to push for transparent, resilient blockchain solutions. Hoskinson’s comments highlight Cardano’s broader mission beyond crypto—aiming to reshape the foundations of digital trust and governance worldwide.
Economist Timothy Peterson pointed out a striking historical pattern regarding the Bitcoin (BTC) market in his assessment. According to Peterson, the period he calls the “Bitcoin Bastille Day Rally” will begin on July 14, which the analyst believes could herald a significant recovery phase for Bitcoin. Peterson, in his analysis based on historical data, noted that in years where Bitcoin underperforms, it typically experiences a strong rally starting around Bastille Day. He explained that this rally typically begins on July 14th and lasts until July 30th, noting that this two-week period is a critical time for Bitcoin to recoup its losses from the year. Related News: The Country Where Tether (USDT) Is Keeping Tons of Its Gold Has Been Revealed - Here Are the Details However, this rise also comes with a warning for investors: According to Peterson, the ten-week period following this two-week recovery period stands out as one of the weakest performing periods for Bitcoin historically. Peterson also noted that Bitcoin behaves like a “compressed spring,” arguing that historically, Bitcoin has seen an average rise of at least 16% in positive months. However, this year, this figure has only been 9% so far. This suggests that strong moves above 16% are possible in the coming positive months, according to the analyst. *This is not investment advice. Continue Reading: Pay Attention to This Date in Bitcoin: Analyst Claims It Marks the Start of a Rally Based on Historical Data
Panama, X July, 2025 – HTX, a leading global cryptocurrency exchange, acknowledges the significant security challenges that impacted the crypto industry in the first half of 2025, which eroded market confidence. On February 21, the global crypto exchange Bybit suffered a record-setting $1.4 billion hack, marking the largest single-theft event in crypto history. This attack, reportedly attributed to the Lazarus Group, highlighted persistent industry-wide vulnerabilities concerning advanced attack methodologies, systemic weaknesses, and inadequate cross-platform risk management frameworks. In response to these critical events, HTX reaffirmed its commitment to robust security by substantially increasing its investment. Through enhanced risk management protocols, strengthened operational security, and advanced intelligence capabilities, HTX has achieved comprehensive protection across accounts, trading, and assets. These proactive measures have successfully mitigated several high-risk threats, thereby safeguarding user assets and reinforcing trust within the HTX ecosystem. Crypto Industry Faces Evolving Security Challenges The crypto industry is experiencing a surge in the frequency and sophistication of threats, including hacks, scams, and malicious on-chain behaviors. The threat landscape has evolved from isolated phishing to multi-vector attacks, such as social engineering attacks, malicious contract deployment, UI spoofing, and deepfake deception. These tactics often exploit vulnerabilities between platform security systems. The first half of 2025 witnessed the Bybit hack and a string of protocol breaches on Solana, demonstrating a trend toward increasingly automated and professionally orchestrated attacks. At the same time, global regulators are tightening compliance expectations. Many jurisdictions have introduced regulatory frameworks for virtual asset service providers, mandating adherence with anti-money laundering regulations, enhanced account protection, and stringent risk management and auditing practices. This raises the bar for industry-wide security and compliance. On a positive note, core defense technologies such as on-chain traceability, AI-powered risk engines, and automated contract audits are becoming essential across major platforms, enhancing readiness and risk intelligence. HTX Mid-Year Security Highlights: Enhanced Protection & User Safeguards Over the past half-year, HTX’s security efforts have delivered meaningful results across multiple verticals: Account Security: Over 2.01 million security alerts were sent to users including 1.809M via email and 206k via SMS, greatly improving users’ security awareness. Additionally, 127 fake download pages and phishing domains were dismantled. Trading Security: 15 withdrawal attempts to scam addresses were blocked, which successfully recovered 104,847 USDT in potential user losses. Moreover, the platform handled 68 reports involving external stolen assets, leading to the freezing of 1,429,787 USDT in compromised funds. Asset Security: 20,871 malicious wallet addresses were added to HTX’s blacklist; 47 deposits from flagged addresses were intercepted. A total of 1,449,467 USDT assets were involved. In June alone HTX blocked 5 scam-related withdrawals, froze over $400,000 in compromised funds for other platform users, added 2,769 new blacklisted addresses with 21,239 USDT worth of fraudulent deposits prevented, and took down 41 new phishing domains. Security Infrastructure: New Systems. New Tech. New Paradigm. In 2025, HTX continued its transition toward a multi-layered security model, introducing critical upgrades across its three core protection pillars: Risk Management Architecture: HTX developed an in-house millisecond-level real-time risk engine that monitors every user interaction. Every high-risk behavior is dynamically filtered to mitigate account compromise, money laundering, and malicious activity. 24/7 Operational Security: HTX’s dedicated security operations and customer support teams operate on a round-the-clock cycle, enabling real-time response and full-cycle risk resolution. Threat Intelligence: HTX partners with top security firms, project teams, and other exchanges to maintain a real-time threat map. This collaboration accelerates cross-platform incident response, dark web surveillance, and hacker attribution. HTX’s comprehensive security system significantly reduces user vulnerability. Account security is enhanced through multi-factor authentication, behavioral biometrics, dynamic risk assessment, and collaboration with security agencies to eliminate phishing sites. Assets security leverages a million-level blacklist, partnerships with anti-money laundering organizations, on-chain tracking, and risk models to identify and prevent suspicious transactions. In terms of robust information security, the platform takes a string of measures, including a financial-grade security system and strict internal controls, to protect user data. Furthermore, HTX upgraded its PoR data storage to TiDB, improving system stability and efficiency, while reducing operational and maintenance costs. This contributed to substantial growth in overall user assets and a steady increase in core reserves during the first half of 2025, with continuous net growth in cryptocurrencies like USDT and ETH, demonstrating growing user trust. Building a Trust-Centric, Resilient Crypto Ecosystem Looking ahead, HTX is committed to accelerating its security infrastructure investment. This commitment not only protects users but also aims to shape the future of a safer, more resilient crypto industry. As one HTX security expert put it, “From the glaringly apparent challenges to cryptocurrency security in 2024 to the $1.44 billion Bybit exploit this year, we can tell that attacks have evolved from code exploits to targeting human weaknesses. Therefore, we’ve enhanced the integration of behavioral analytics and zero-trust architecture and brought three key upgrades to life: dynamic permission validation, end-to-end transaction authentication, and continuous red-blue team threat simulation. These aren’t just upgrades but are foundational steps toward long-term user protection and ecosystem synergy.” l Dynamic Permission Verification: At HTX, every fund operation now requires dual authentication, combining environment tagging with biometric validation. This ensures actions align with both the user and their operating environment. l End-to-End Transaction Authentication: By validating transaction payloads at the smart contract level, HTX eliminates risks from compromised UIs, closing the gap on deceptive front-end manipulation. l Always-On Red-Blue Simulation: Monthly, HTX’s security team simulates real-world attacks from top APT groups and hackers, constantly stress-testing the platform’s defenses and closing the loop between offense and response. HTX firmly believes that only a deeply integrated, multi-dimensional security architecture — coupled with a transparent, collaborative approach — can serve as the foundation for long-term user trust. As the threat landscape grows more complex, HTX will continue investing heavily in security innovation and infrastructure. Its mission is to not only defend against emerging threats, but to lead the crypto industry into a future that’s safer, smarter, and more sustainable for millions worldwide. About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide. To learn more about HTX, please visit HTX Square or https://www.htx.com/ , and follow HTX on X , Telegram , and Discord . For further inquiries, please contact glo-media@htx-inc.com. The post HTX 2025 Mid-Year Security Report: Upgrading a Multi-Layered Defense for a Safer Crypto Ecosystem first appeared on HTX Square .
Stablecoin issuer Tether has built a gold vault empire worth around $8 billion, stored in a private vault in Switzerland, CEO Paolo Ardoino told Bloomberg in an interview . The USDT issuer directly owns the vast majority of about 80 tons of gold stockpile outright. However, precious metals represent only 5% of Tether’s $112 billion reserve portfolio, per the company’s March attestation. “We have our own vault. I believe it’s the most secure vault in the world,” Ardoino noted, declining to reveal the whereabouts of the Swiss vault due to security concerns. USDT stablecoin reached a market cap of $159 billion last month, claiming 62.43% of the entire $255 billion stablecoin ecosystem. The company’s gold reserves match the UBS Group’s total precious metals and commodities exposure, the report added. Tether Gold Reserves Signals Pivot From Pure Fiat Exposure In Ardoino’s books, gold’s safe-haven status helps buffer against fiat or regulatory turbulence. He said that the precious metal is a safer asset than any national currency. “Eventually, I think that if people start to get concerned about the potential increase of the debt of the US, they might look at alternatives,” he told Bloomberg. Further, the recent surge in gold prices is fueled by central bank buying and a return of investor interest in gold ETFs, according to a report from J.P. Morgan . “Every single central bank in the BRICS countries is buying gold,” Ardoino added. Gold Reserves Could Lower Custody Costs Tether has been widely known for its association with gold, launching a gold-based token, Tether Gold, that recently showed stable gains . According to Ardoino, the company’s decision to own its own gold vault is due to the high costs that precious metal vault operators charge. If Tether’s gold token were to grow to $100 billion in circulation, “it’s a lot of money to pay 50 basis points,” said Ardoino. “If you have your own vault, eventually with the size, it gets much cheaper to do custody.” @Tether_to has invested in blockchain analytics firm Crystal Intelligence to boost efforts against illicit stablecoin use. #CryptoSecurity #BlockchainCompliance https://t.co/f1Stp5c6fi — Cryptonews.com (@cryptonews) July 8, 2025 The post Tether Quietly Built $8B Gold Reserves in Swiss Vault to Reduce Custody Costs: Report appeared first on Cryptonews .