Day: October 14, 2025

Tether Pays $299.5M to Settle Celsius Bankruptcy as CEO Paolo Ardonio Targets $20B Fundraise

Key Notes The settlement represents one of the largest crypto bankruptcy recoveries in recent US history involving offshore entities. Tether’s USDT dominates with $180B market cap and $5.7B H1 2025 profit, outperforming Circle by 8000%. The fundraise aims to expand operations amid growing competition from Trump-backed USD1 and Ripple’s RLUSD stablecoins. On Oct. 14, the Blockchain Recovery Investment Consortium (BRIC), a joint venture between GXD Labs and VanEck, announced a $299.5 million settlement with Tether in connection with the Celsius Network bankruptcy case. The lawsuit, filed in the US Bankruptcy…

Bitcoin Tumbles as US-China Tensions Rise Again

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The world’s two largest economies continue to tussle over key industries related to defense and national security. U.S.-China Tensions Trigger Mid-Morning Bitcoin Slump Washington and Beijing were at it again on Tuesday morning as China moved to sanction five U.S. subsidiaries of Hanwha Ocean, a South Korean ship manufacturer with alleged links to the U.S. […] Original

BlackRock CEO Larry Fink Declares “Tokenization of All Assets” Era Has Begun

Key Notes BlackRock targets $4.1 trillion in digital wallets through asset tokenization, converting traditional products into digital formats. Ethereum ETFs experienced $428.5 million in net outflows on Oct 13, with BlackRock contributing $19.1 million to the selloff. Bitcoin maintains position above $112K support level despite short-term bearish pressure and technical indicator divergence. BlackRock CEO Larry Fink stated the financial industry is at “the beginning of the tokenization of all assets” during an Oct. 14 interview on CNBC’s Squawk on the Street. The comment came as the firm’s iBIT Bitcoin ETF surpassed…

Rootstock plans unlock $260b in idle institutional Bitcoin

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RootstockLabs launched Rootstock Institutional, aiming to deploy $260 billion in institutional Bitcoin into DeFi. Summary RootstockLabs launched Rootstock Institutional to explore institutional Bitcoin uses Major institutions currently own $260B in BTC that remains idle Institutions could deploy this idle BTC in DeFi, earning yield for investors Over 2.6 million Bitcoin (BTC) held by institutions remains idle, but this could soon change. On Tuesday, October 14, RootstockLabs, a key contributor to Rootstock, the first Bitcoin layer-2, announced the launch of Rootstock Institutional. The new team will focus on ways that institutions…

NYC Mayor Signs EO Establishing Digital Assets and Blockchain Office

New York City Mayor Eric Adams announced the establishment of a municipal digital assets and blockchain office in a bid to cement his crypto agenda in the final months of his term. In a Tuesday notice from the mayor’s office, Adams said he had used an executive order under his authority to create the Office of Digital Assets and Blockchain Technology. Moises Rendon, who has worked as a digital assets and blockchain policy adviser for New York City since April 2024, will head the newly established office. “Our city has…

Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

U.S. seizes $15b Bitcoin in forced-labor crypto scam case

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U.S. federal agents have seized a historic $15 billion in Bitcoin, allegedly the proceeds of a Cambodian criminal network that forced trafficked individuals to run sophisticated cryptocurrency “pig butchering” scams on a global scale. Summary U.S. authorities seized $15b in Bitcoin from unhosted wallets tied to Prince Group founder Chen Zhi, marking the DOJ’s largest forfeiture in history. Prosecutors allege Zhi ran forced-labor compounds in Cambodia where trafficked workers executed global “pig butchering” crypto scams. The indictment details how Prince Group used its multinational business network to launder funds through…

Liquid Cooling Bitcoin Miners: The Future of Crypto Mining? #shorts

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Immersion mining offers a liquid cooling solution for Bitcoin and crypto ASIC hardware. A year or two ago, it was a phenomenal solution for small, medium, and large-scale deployments in the mining game. #immersionmining #bitcoin #cryptomining #liquidcooling ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version