🪙 #Tether printed 3 billion #USDT in the last 4 days.

What are your thoughts on this? Does this signify an impending market crash?

#News

#Opinion

🪙 S&P Global states that if the United States passes a new law on stablecoins, it will limit the issuance volume for organizations without a banking license to $10,000,000.

In easy terms, if the #Tether law is passed, it won't be able to print #USDT in the billions anymore 💧

⚡️The US will start fighting against #Tether

Brad Garlinghouse, the CEO of Ripple Labs, announced the US government's confrontation with the USDT issuer on Chris Vasquez's podcast.

🎙Brad called Tether an essential part of the crypto ecosystem and noted that organized pressure on the company, in his opinion, could have unpredictable effects on the entire industry and become another "black swan" event.

Do you share the opinion of the CEO of Ripple Labs? 🤔

🪙 CryptoQuant believes that the recent surge in stablecoin inflows could lead to increased volatility in BTC

#KickEX_Explains

🔼 The influx of new stablecoins into the market is a traditional bullish signal for traders. The introduction of new stablecoins into the market represents the conversion of fiat money into digital currencies, which market participants view as an influx of new funds into the crypto ecosystem.

🕯 Often, news that the company #Tether has issued several billion #USDT indicates that someone has come and bought them for the equivalent of fiat money, and presumably, these billions will be spent on buying cryptocurrencies.

🎢 This, in turn, encourages traders to increase their activity in cryptocurrency speculation in anticipation of catching a good upward movement.

#Analytics

🪙 #Tether has frozen 4 addresses holding a total of $53 million

As the issuer, Tether has full control over the issued #USDT, which, despite the convenience of stablecoins, makes these funds almost as controllable as fiat currencies.

Remember this 🧠

#News

🆘 SCAM ALERT 🆘

Beware of any emails received in the last 24 hours that promise an airdrop or are about account security

A popular email marketing service among crypto projects has been hacked, so this warning applies to emails from any company.

The hacking incident was reported by Paolo Ardoino, the head of #Tether. Bobby Ong, the co-founder of #CoinGecko, also confirmed this information, stating that there are already examples of phishing emails sent from the official CoinGecko address.

An investigation is currently underway, protect your assets🛡

#ScamAlert #Security

⚡️KickEX has received a brokerage license and become a Bitcoin service provider!

We are pleased to announce that KickEX has received a brokerage license from the state of El Salvador, thus significantly expanding the range of features on our platform. As an official #Bitcoin service provider, we can offer you even more valuable services.

Here’s what the license enables:

🪙Storage and management of Bitcoin: secure storage and management of our users' Bitcoin.

📊Exchange and trading services: the ability to trade Bitcoin on our platform.

🔒Digital wallets: providing secure and convenient digital wallets for Bitcoin.

🔗Payment processing: managing payment processes related to digital currencies.

This important achievement opens up great prospects for growth and innovation. Additionally, our team plans to obtain licenses for working with #Ethereum (#ETH), #Tether (#USDT), and other assets. Read more about this on our official blog and stay tuned for further updates!

Sincerely,
The KickEX Team

🔼 This figure is 587% higher than in 2020. Among the major holders are companies like #MicroStrategy, #Tether, #BitMEX, and #Xapo.

#NumberOfTheDay

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

📌 #TheWallStreetJournal accuses #Tether of creating a shadow economy.

The publication released a new article claiming that the company behind #USDT is contributing to the creation of a "parallel economy," which operates beyond the reach of U.S. regulators and law enforcement.

Moreover, the journalists argue that the public wallet freezes are merely "for show" and that Tether is not making any serious efforts to combat the "criminal world."

📈 Meanwhile, the company denies all accusations and counts its profits: last year, USDT's turnover surpassed Visa’s, and the total earnings exceeded those of #BlackRock — $6.2 billion versus $5.5 billion.

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

🪙 #Tether Under Pressure Again

Consumers' Research, a consumer advocacy group, has published a new report accusing the issuer of #USDT of a lack of transparency and the absence of a full audit of the reserves backing their stablecoin.

The report calls Tether the new #FTX, pointing to the possibility of a similar collapse with their crypto dollar's value dropping to zero. In addition to the report, Consumers' Research sent an open letter to the governors of all U.S. states and launched social media ads on radio and the internet.

😨 — Everything is lost; #USDT is done for
😎 — I’ll wait for the panicking crowd to move their capital to #BTC

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

🌍 Weekly #CryptoDigest News:

🪙 BTC.D (Bitcoin Dominance over Altcoins) — 59.46%.

🧭 Fear and Greed Index — 72

🇺🇸 30.10 15:30 USD — GDP (Q3). Forecast — 3.0%. Previous value — 3.0%

🇺🇸 30.10 17:30 USD — Crude Oil Inventories. Previous value — 5,474M

🇺🇸 31.10 15:30 USD — Core Personal Consumption Expenditure Price Index (m/m) (sept). Forecast — 0.3%. Previous value — 0.1%

🇺🇸 31.10 15:30 USD — Core Personal Consumption Expenditure Price Index (y/y) (sept). Previous value — 2.7%

🇺🇸 31.10 15:30 USD — Initial Jobless Claims. Forecast — 231K. Previous value — 227K

🇺🇸 01.11 15:30 USD — The average hourly wage for October. Forecast — 0.3%. Previous value — 0.4%

🇺🇸 01.11 15:30 USD — Unemployment Rate for October. Forecast — 4,1%, Previous Value — 4,1%

🇭🇰 Hong Kong is set to increase the number of crypto exchange licenses issued by the end of this year.

🐶 Elon Musk continues to pump #DOGE — the coin rose by 3% after his tweet with a meme. Experts suggest that #Dogecoin may grow if Trump wins the election.

🚀 In Switzerland, #BTC was launched to the moon — a symbolic rocket with the coin's logo was created in the night sky using drones.

🪙 #WallStreetJournal continues its attacks on #Tether. The company issuing #USDT called the new investigation "an irresponsible and fabricated accusation based on rumors."

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

🕯 Funds are investing in #Bitcoin, while #Tether prints money

While #BTC was climbing towards its price peaks in an attempt to break through the #ATH, and all BTC holders were in profit, according to #IntoTheBlock, two more events added fuel to the market:

🔼 Spot #ETFs on digital gold brought in $870 million in yesterday's session, marking the third-largest inflow since the instrument's launch.

🪙 The issuer of #USDT released another 1 billion coins on the #TRON blockchain.

Meanwhile, Bitcoin dominance has reached 60%, and experts anticipate an upcoming market shift toward altcoins. However, this is likely only after a new potential BTC growth trigger, driven by a key interest rate cut in the U.S., expected as soon as November 7, with a 98% market expectation.

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.