Tether Ban in the EU Adds to Bearish Market Sentiment

The cryptocurrency market is facing increased bearish pressure as regulatory shifts in the #EuropeanUnion add to investor uncertainty. A key factor is the impending delisting of #Tether 's #USDT , the world’s largest #stablecoin , from crypto exchanges operating in the EU. This move is part of the bloc's Markets in Cryptoassets (MiCA) regulation, which takes full effect on December 30, 2024.

USDT has long been a cornerstone of crypto trading, providing liquidity and a stable medium of exchange. Its removal from European markets is causing significant concern among traders and market executives, who fear a reduction in trading volumes and market depth. The absence of USDT is also forcing investors to rely on less liquid alternatives or fiat currencies like the euro, which could further dampen market activity.

The timing of this development is particularly critical as other global markets, particularly the US, gear up for a potential crypto boom under Donald Trump’s incoming administration. This stark contrast in regulatory approaches is driving speculation that capital and innovation could migrate out of Europe, deepening the bearish sentiment.

Combined with other macroeconomic uncertainties, the EU’s Tether ban is emerging as a key driver of the current downturn in the crypto market.
let's see how it keeps up for regulated alternatives like $USDC

Tether's AI Is Coming

Paolo Ardoino shared progress on Tether's AI platform. “Goosebumps,” he wrote, announcing an early 2025 release.
#Tether
$BNB

$XRP

Rumble Secured A Massive $775M strategic investment from $USDT - Tether. This partnership could redefine decentralized content and payments.

The Future Of Free Speech and blockchain innovation is getting brighter.
#Tether #CryptoNews

🚀Companies like Rumble and Northern Data Group may stand to benefit immensely👀

🚀 Exciting news! Tether is set to launch its AI platform in Q1 2025, paving the way for innovative collaborations! 🤖✨

Rumble: With Tether's $775M investment, Rumble can enhance its video-sharing platform using AI, improving user experience and content delivery.

Northern Data Group: As a pioneer in high-performance computing, this partnership will bolster AI-driven solutions, making data storage and processing more efficient.

🌍 Together, they are shaping the future of tech and finance! #DYOR #Tether #AI #Rumble #Notherndata #Flicky123Nohawn

Disclaimer:Do your own research before investing or any advice. This isn't Financial advice.

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📣 Exciting News from Tether!

Tether’s CEO has announced plans to launch Tether AI by the end of Q1 2025. 🚀
The move is expected to bring innovative solutions to the intersection of AI and blockchain technology.

📌 This is not financial advice. Always do your own research before making investment decisions.

#Tether #ParrotBambooCrypto

#Rumble announces $775M strategic investment from #Tether

Crypto Recap:

1/ Remote x Stripe 🤝 enable U.S. companies to pay contractors in 69 countries with $USDC ! Simplifying global payroll with fast, borderless payments. 💸 #USDC

2/ Binance Alpha is live! 🚀 A 24-hour window for exploring new tokens, purely educational, no guarantees. A new way to discover fast opportunities. 🪙 #BinanceAlpha

3/ Tether backs StablR Amid market uncertainty, Tether provides tokenization tech to Malta-based StablR, boosting its stablecoin ecosystem. 💪 #Tether

4/ Semler Scientific $SMLR joins the BTC treasury club! 🏦 Now optionable, holding 2,084 $BTC (~$220M), making it a stock to watch. 📈 #SMLR

5/ Bitcoin Overbought Alert! RSI >70 + tight Bollinger Bands signal caution. When prices skyrocket too fast, corrections may follow. Traders, stay sharp! 📊 #BTC

6/ USDtb makes waves 🌊 Ethena Labs' stablecoin hits $65.4M TVL on day 1! Backed by BlackRock’s BUIDL fund, USDtb is off to a strong start. 💥 #EthenaLabs

A snapshot of Binance's Proof of Reserves (PoR) dashboard.

Audit Time and Verification:
The audit is dated 01/12/24 at BTC Block Height 872689.
Verification Mechanism: zk-SNARKs (a zero-knowledge proof method ensuring data privacy while proving reserves).

Merkle Root Hash:
Displays the cryptographic root hash used to verify reserves (unique identifier of the audit data).

Reserve Ratios and Assets:
Shows the reserve ratios for several cryptocurrencies and stablecoins, highlighting how well Binance is covering its customer net balances.

Asset Breakdown:

BTC (#Bitcoin ):
Reserve Ratio: 108.21% (over-collateralized).
Customer Net Balances: 580,111.242 BTC.
Binance Net Balances: 627,745.577 BTC.

USDT (#Tether ):
Reserve Ratio: 108.96%.
Customer Net Balances: 25,219,800,353.691 USDT.
Binance Net Balances: 27,478,766,107.743 USDT.

ETH (#Ethereum ):
Reserve Ratio: 102.68%.
Customer Net Balances: 4,945,692.541 ETH.
Binance Net Balances: 5,078,355.565 ETH.

BNB (#binancecoin ):
Reserve Ratio: 105.54%.
Customer Net Balances: 37,124,817.66 BNB.
Binance Net Balances: 39,182,785.337 BNB.

SOL (#Solana ):
Reserve Ratio: 101.38%.
Customer Net Balances: 27,303,879.491 SOL.
Binance Net Balances: 27,680,909.192 SOL.

FDUSD (First Digital USD):
Reserve Ratio: 124.46% (highly over-collateralized).
Customer Net Balances: 1,260,486,541.802 FDUSD.
Binance Net Balances: 1,568,810,004.975 FDUSD.

XRP (Ripple):
Reserve Ratio: 100.31% (close to exact balance).
Customer Net Balances: 2,906,457,975.426 XRP.
Binance Net Balances: 2,915,403,958.877 XRP.

USDC (USD Coin):
Reserve Ratio: 133.35% (highly over-collateralized).
Customer Net Balances: 1,987,798,991.806 USDC.
Binance Net Balances: 2,650,677,125.227 USDC.
$SOL
$USDC
$BNB

Just In: #Tether has minted another $1B $USDT on the #Ethereum Network.
This month, #Tether has minted a total of $5B $USDT.

#Tether just minted another 1B $USDT, totaling 20B on #Ethereum and #Tron since Nov 6.
That’s nearly half of $USDC's total supply 🤔
#USDT

Breaking News: 1 billion $USDT minted!
This brings the total USDT minted in December to an impressive $5 billion.

#Tether has minted 21B USDT on #Ethereum and #Tron within 40 days.

$BTC $PEPE $XRP

Just In: #Tether has minted $1B $USDT on the #Ethereum Network.

This month, #Tether has minted a total of $4B $USDT.

https://intel.arkm.com/explorer/entity/tether

LARGEST TRANSACTION IN 24 HOURS!

Did you know that the largest transaction in the past 24 hours was approximately $1.1 BILLION in Bitcoin (BTC)?

Here are the top 5 cryptocurrencies by 24-hour volume:

USDT (Tether): $192.6B
BTC (Bitcoin): $82.8B
ETH (Ethereum): $44.6B
XRP (XRP): $15.4B
ADA (Cardano): $12.8B

Stay ahead of the game with the latest crypto market updates!

#CryptoMarket #Bitcoin #Tether #BinanceEarnProgram

🚨BREAKING: $XRP XRP surpasses #Tether (#USDT ) to become the third-largest cryptocurrency on CoinMarketCap with a market cap of $136 billion and rising.

ADGM Recognizes Tether's USDT as AVA!
The Abu Dhabi Global Market's FSRA has officially recognized Tether's $USDT as an accepted virtual asset (AVA).
This move could boost $USDT's market cap of $138B+.
#Tether #ADGM #USDT

#Stablecoins issuer #Tether released its latest attestation report on Thursday, reporting a profit of $700 million in the fourth quarter of 2022, which it says is additional to its reserves.

#crypto2023 #Binance #BNB

✴ Despite the growing adoption of stablecoins in 2022,#Tether had a somewhat difficult year.Over the past year,Tether has seen more concerns raised about its reserves and its solvency following the collapse of Terra UST in May and the FTX crypto exchange in November
#crypto2023

Tether nears 50% of stablecoin market, highest in 14 months

#Tether #Wealthytalkz

1 billion #USDT was newly minted from #Tether Treasury's address. Regarding this, Paolo Ardoino, CTO of Tether, explained, "This is a stock replenishment in the Ethereum network, and it is a quantity for future issuance requests and chain swaps."

📊 24 hour stock flow #analysis

#Bitcoin $BTC
➡️ $254.2M in
⬅️ $256.2M out
📉 Net flow: -$2.0M

#Ethereum $ETH
➡️ $180.9M in
⬅️ $174.4M out
📈 Net flow: +$6.5M

#Tether (ERC20) $USDT
➡️ $285.2M in
⬅️ $224.1M out
📈 Net flow: +$61.1M

#BTC