Bitmex founder Arthur Hayes discussed the ultimate demise of Tether and other stablecoin companies. Hayes explained that Tether's business model involves acquiring US dollars and investing in government bonds, and when big banks like JPMorgan are allowed to issue fiat-backed stablecoins, they will eventually eat into Tether's market share. Although Tether has positioned itself as an excellent product in the cryptocurrency market, its position is only achieved because the US refuses to provide similar products through the banking system.

According to Whale Alert, a blockchain data tracking service, on the evening of December 29th around 9:35 PM Beijing time, Tether Treasury transferred 98,901,098 USDT to an anonymous wallet starting with "TT2T17", worth approximately $99,014,112.

According to Whale Alert monitoring, around 17:05 on December 26th Beijing time, 200,000,000 USDT was transferred from an unknown wallet to Binance.

Tether announced today that it has made an undisclosed investment in the A-round investment of the Academy of Digital Industries. The Academy of Digital Industries is a progressive education platform located in Georgia that offers a wide range of digital course training and master classes.This investment will continue and provide long-term financial assistance to establish and promote new fields of education, offering a wide range of digital and traditional courses.

According to Whale Alert monitoring, 50,000,000 USDT on the Tron chain was transferred from Bybit to an unknown wallet.

According to ChainArgos monitoring, Tether has once again blacklisted two wallet addresses on the Tron network. These two addresses are TBACGhUxvjiwgFbZ9JwUXUjr95mfQFC3uT and TYM61sqCgM4m5Sm14kWKsJtnZ6MpoEndBr.

China Taiwan's "Dodo Blind Box" is involved in virtual currency fraud of nearly 10 million new Taiwan dollars. The platform uses the virtual currency Tether, with each blind box costing at least 300 Tether and the most expensive being 2000 Tether. After people grab the blind box, the platform immediately adds 3% and then sells it on the platform. Currently, at least 8 people have been deceived, with the amount involved reaching over 9 million new Taiwan dollars.

According to ChainArgos monitoring, Tether has once again blacklisted six wallet addresses.

Bitrace, a blockchain data analysis company, stated in an article that illegal USDT transactions generally deviate from the market exchange rate. When the stablecoin system is filled with funds contaminated by illegal transactions, the token will inevitably experience a depreciation impulse.

According to data monitored by Whale Alert, at around 20:25 Beijing time today, 50,624,860 USDT were transferred from Tether Treasury to an unknown wallet.