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DeSci project CureX will use business income to repurchase and destroy CUX tokens According to official news, CureX recently announced that it will use 20% of the sales of its TRC-T product for the treatment of malignant synovial sarcoma to repurchase and destroy CUX. In the f…

The T3 Financial Crime Unit, a joint effort by Tether, TRON, and TRM Labs, has frozen over $100 million in criminal assets. Launched in August 2024, the T3 Financial Crime Unit, also known as the T3 FCU, has rapidly become a model for public-private partnerships in blockchain security. According to a Tether (USDT) release, the unit collaborates with law enforcement agencies worldwide to identify and disrupt criminal networks involved in money laundering, investment fraud, blackmail, and terrorism financing. These crimes have long been a concern for regulators as digital assets gain mainstream popularity. “Criminals now have 100 million reasons to think twice before using TRON,” said Justin Sun, founder of the TRON blockchain. “T3 FCU’s rapid success in freezing criminal assets sends an unmistakable message: if you’re using USDT on TRON for crime, you will be caught.” The T3 Financial Crime Unit (#T3FCU), a collaboration between #TRON, @Tether_to , and @trmlabs, has frozen more than USDT 100 million in criminal assets globally, passing a significant milestone in its fight against cryptocurrency-related financial crime.@CoinDesk… pic.twitter.com/iksHKkZtjJ — TRON DAO (@trondao) January 2, 2025 You might also like: Bitcoin to $225,000? Analysts predict a profitable year for Bitcoin mining stocks T3 Financial Crime Unit The T3 Financial Crime Unit was started to collaborate on combating illicit activity related to USDT on the TRON blockchain. The T3 FCU monitors transactions on the TRON (TRX) blockchain, analyzing millions of transactions across five continents. In total, the T3 FCU has reviewed more than $3 billion in USDT transactions. This comprehensive monitoring enables the unit to detect suspicious activities and freeze criminal assets in real time. “By working closely with authorities across jurisdictions, Tether has been instrumental in freezing criminal assets and ensuring that bad actors do not exploit stablecoins like USDT,” Tether CEO Paolo Ardoino said. You might also like: Tether’s market cap sheds $1.4b as MiCA activates $TRC

Tether burned 1B USDT, what does it mean for Bitcoin ( $BTC ) and the crypto market? Updated: December 31 2024 11:31 AM UTC   In this post: USDT burns may be caused by a shift from TRON-based USDT to its Ethereum version. Tether sent out a transaction burning 2B TRC-20 tokens on TRON, as big exchanges redeemed some of their tokens. Tether is also monitoring EU-based usage, as USDT is considered non-compliant as of December 30. Tether burned 1B of USDT supply on the last day of 2024, at the end of a year when record USDT liquidity was injected into the market. The token burn raised questions about the direction of the crypto market.  Tether, Inc. burned 1B Tether (USDT), with no explanations on technicalities. The burn decreased the USDT supply from 138B to 137B, arriving after a series of smaller liquidity withdrawals.  Tether (USDT) supply climbed for most of 2024 but switched direction in the last weeks after it peaked at 140B. | Source: Coingecko The removal of $1B liquidity followed 10 days of gradually decreasing the supply, causing one of the first supply contractions since 2022. The recent removal of USDT was the biggest single burn for the past week, increasing the rate of reversal of USDT growth for the past year. The leading stablecoin expanded its supply constantly for the past 12 months. 

Tether burned 1B USDT, what does it mean for Bitcoin ( $BTC ) and the crypto market? Updated: December 31 2024 11:31 AM UTC   In this post: USDT burns may be caused by a shift from TRON-based USDT to its Ethereum version. Tether sent out a transaction burning 2B TRC-20 tokens on TRON, as big exchanges redeemed some of their tokens. Tether is also monitoring EU-based usage, as USDT is considered non-compliant as of December 30. Tether burned 1B of USDT supply on the last day of 2024, at the end of a year when record USDT liquidity was injected into the market. The token burn raised questions about the direction of the crypto market.  Tether, Inc. burned 1B Tether (USDT), with no explanations on technicalities. The burn decreased the USDT supply from 138B to 137B, arriving after a series of smaller liquidity withdrawals.  Tether (USDT) supply climbed for most of 2024 but switched direction in the last weeks after it peaked at 140B. | Source: Coingecko The removal of $1B liquidity followed 10 days of gradually decreasing the supply, causing one of the first supply contractions since 2022. The recent removal of USDT was the biggest single burn for the past week, increasing the rate of reversal of USDT growth for the past year. The leading stablecoin expanded its supply constantly for the past 12 months.