Roger Ver was arrested in April this year while attending a cryptocurrency conference in Barcelona. He is currently awaiting a decision from a Spanish judge on whether he will be extradited to the United States. If extradited, Ver's case would be the first to go to trial solely on cryptocurrency-related tax charges. After spending a month in jail, Ver was released on bail and has since relocated to Mallorca.
- 0 replies
- 0 recasts
- 0 reactions
According to PANews, EMC Labs has reported significant developments in the cryptocurrency market following the conclusion of the U.S. elections. The U.S. stock market experienced a substantial rise as traders bet on increased corporate profits due to anticipated tax cuts and a low-interest-rate environment. In this context, Bitcoin ETFs saw an inflow of $1.728 billion in a single week, while stablecoin channels recorded an inflow of $4.776 billion, totalling $6.504 billion. This marks the largest weekly inflow since 2024.
- 0 replies
- 0 recasts
- 0 reactions
According to Odaily, monitoring data from Lookonchain reveals that a substantial amount of USDT has been transferred to exchanges since November 6. Specifically, a total of 2.54 billion USDT has flowed from Tether into various trading platforms. This movement of funds is noteworthy as it may indicate increased trading activity or potential market shifts. The influx of such a large volume of USDT could have implications for market liquidity and trading dynamics, potentially affecting cryptocurrency prices and investor strategies. Market participants are closely observing these developments to assess their impact on the broader cryptocurrency ecosystem. #USDT
- 0 replies
- 0 recasts
- 0 reactions