The post Bankers Filed Suspicious Activity Report Over Farage’s £5M Gift From Tether Billionaire appeared on BitcoinEthereumNews.com.
In brief Bankers reported a £5 million ($6.7 million) gift to Nigel Farage from crypto billionaire Christopher Harborne to the UK’s National Crime Agency, the Guardian has reported. They filed a suspicious activity report in May 2024, saying they could not trace where the money ultimately came from; such a report is not proof of wrongdoing. Reporting on the SAR comes amid a standards investigation into whether Farage should have declared the gift, which he says he was under no obligation to do. Nigel Farage’s £5 million gift from billionaire Tether investor Christopher Harborne was flagged to the UK’s National Crime Agency by bankers, the Guardian has reported. The bankers filed a suspicious activity report, or SAR, with the agency on May 16 2024, according to the Guardian, which noted they were not satisfied they could trace the ultimate origin of the f
The post Tether’s Strategic $2.5 Billion Move: What Does It Mean for the Crypto World? appeared on BitcoinEthereumNews.com.
In a pivotal financial maneuver, Tether has retracted $2.5 billion worth of USDT from the Ethereum network on July 7. This significant withdrawal represents the largest contraction in USDT supply since February, marking a noteworthy shift in stablecoin market dynamics. Continue Reading:Tether’s Strategic $2.5 Billion Move: What Does It Mean for the Crypto World? Source: https://en.bitcoinhaber.net/tethers-strategic-2-5-billion-move-what-does-it-mean-for-the-crypto-world
The post Ethereum holds Q3 gains as Tether burns $2.5B – Yet THIS catalyst remains appeared on BitcoinEthereumNews.com.
H2 is becoming a key period for network upgrades. Notably, Ethereum is right at the center of that. Its biggest upgrade since the Merge has entered the final testing phase. Known as Glamsterdam and targeted for H2 2026, the upgrade focuses on improving how Ethereum works at the protocol level. It introduces parallel transaction processing and gradually raises the gas limit from 60 million toward 200 million, changes designed to boost throughput. From an on-chain perspective, the timing couldn’t be better. Following Q2’s back-to-back DeFi exploits, which wiped more than $10 million from Ethereum’s TVL in immediate outflows, the network is still working to rebuild on-chain liquidity and user activity. As the chart below shows, Aave, Ethereum’s largest lending protocol, has seen its TVL drop to around $13 billion from nearly $35 billion in early Q1. Source: DeFiLlama Ag
The scrutiny over Farage's gift highlights growing concerns about crypto's influence in politics and the need for regulatory clarity.
The post Bankers file suspicious activity report over Farage’s £5M gift from Tether billionaire appeared first on Crypto Briefing.
The post British Pound: Sterling supported as yields retrace – MUFG appeared on BitcoinEthereumNews.com.
MUFG’s Derek Halpenny highlights that implied volatility in GBP/USD has barely moved after Nigel Farage’s decision to resign and recontest his Clacton seat, calling the by‑election a sham with potential further votes if he is sanctioned. He stresses that GBP volatility is more tied to incoming PM Andy Burnham’s economic stance, with lower 10‑year Gilt yields, contained fiscal worries and weaker UK inflation supporting the Pound as a top G10 performer. Politics, yields and Pound performance “Finally, there has also been limited changes to implied vol level in GBP/USD on the back of the announcement from Nigel Farage that he will stand down as MP for Clacton but then contest the same seat in the by-election. This was to protest the investigations by the parliamentary standards committee into his finances on concerns he breached parliamentary rules.” “This will result in the investigat
The post Tether Invests $20M in Mercado Bitcoin to Expand Brazil Operations appeared on BitcoinEthereumNews.com.
Tether backed Mercado Bitcoin with fresh funding to expand payments, lending and tokenized investments. Mercado Bitcoin serves 4.5 million users and has issued more than R$2 billion in tokenized assets. The deal reflects growing interest in Brazil’s regulated digital asset and blockchain finance market. Tether has invested $20 million in a funding round for Brazilian crypto platform Mercado Bitcoin, marking its latest investment in Latin America’s growing digital asset market. The companies announced the investment on July 7, saying the funding will help Mercado Bitcoin expand payments, lending, tokenized investments and capital markets as demand for blockchain-based financial services grows across the region. Mercado Bitcoin confirmed separately that the funding round raised R$100 million through its parent company, 2TM. The investment comes as Brazil continues to streng
The post Tether Burns 2.5 Billion USDT on Ethereum, Largest Supply Cut Since February appeared on BitcoinEthereumNews.com.
USDT News Tether removed 2.5 billion USDT from circulation on the Ethereum network on 7 July, on-chain data shows, the largest single-day burn of the dollar-pegged stablecoin since February. The move cut Tether’s total USDT supply to roughly 189.6 billion, most of it concentrated across Ethereum and TRON. Stablecoin issuers routinely destroy tokens when redeeming them for fiat, so a burn of this size is not, on its own, a directional market signal. Still, the scale stood out: it marked the sharpest contraction in USDT supply in nearly five months and immediately drew attention from traders tracking exchange liquidity and cross-chain flows. Unlike algorithmic stablecoins, USDT is backed by reserves, so burns reflect redemption activity. Separately, a leadership-linked ownership change surfaced at the company. Richard Heathcote, who stepped down as Tether’s chief inv
The post Tether’s USDT supply contracts on Ethereum and TRON appeared on BitcoinEthereumNews.com.
Tether’s USDT supply is contracting, after a $2.5B burn on the Ethereum network. The stablecoin just saw its biggest burn since February, potentially signaling liquidity outflows. Tether’s treasury burned $2.5B worth of USDT tokens on July 7, the largest supply contraction since February. The Tether treasury destroyed $3.5B of tokens on February 10, as a response to general trading contraction and removing USDT from legacy networks. As a result, Tether retains a $189.6B supply of USDT, mostly using Ethereum and TRON for transfers. USDT is closely watched for the effect of Euro Area regulations, and as a general signal for the health of the crypto ecosystem. The supply burn also traces a larger trend in stablecoin liquidity. Active addresses declined by 36.2% in the past 30 days, according to Artemis data. Average daily stablecoin volume is down by 47.5%. USDT and its closest rival, Cir
