The U.S. federal government is investigating cryptocurrency company Tether for possible violations of sanctions and anti-money laundering rules, The Wall Street Journal reported, citing people familiar with the matter. The criminal investigation, led by prosecutors from the U.S. Attorney's Office in Manhattan, aims to find out whether cryptocurrencies are used by third parties to finance illegal activities such as drug trafficking, terrorism and hacking, or to launder proceeds from these activities. At the same time, the U.S. Treasury Department has been considering sanctions against Tether because individuals and groups subject to U.S. sanctions use this stablecoin.

Tether CEO Paolo Ardoino said he currently has no plans to take Tether public because he believes it would undermine the company's ability to move quickly and "break the status quo." He said he believes a company should go public when it needs access to capital and liquidity, and Tether, which has made $12 billion in profit in the past two years, does not face this problem.

After the hackers returned the funds, the US government has now moved the assets to a new wallet. Address: 0x0CaB63E3e978D1f66c19C480c206b01fB62F1243.

According to data shared by crypto KOL Milk Road, Aave has more than $20 billion in net deposits, almost twice the total of all other lending protocols.

The suspected hacker has begun returning funds to the US government, and the US government wallet has received 13.19 million aUSDC and 2,408 ETH worth $6.1 million from the hacker's address.

Binance announced the launch of the revamped Binance Connect, a fiat-to-crypto channel service designed to support Web3 projects. It enables users to trade cryptocurrencies directly from their existing Binance accounts through DeFi wallets such as Trust Wallet. Binance Connect supports over 100 fiat currencies, 300 cryptocurrencies, and 300 payment methods, providing flexible trading options and competitive pricing. Binance Connect simplifies the integration process for cryptocurrency businesses, requiring minimal technical resources while complying with regulatory requirements.

MicroStrategy founder Michael Saylor posted on the X platform that if Microsoft CEO Satya Nadella wants to make another trillion dollars for Microsoft shareholders, please contact me.

Analysts at BitMEX Research believe that it is "extremely unlikely" that MicroStrategy will be forced to sell its Bitcoin holdings based on its current debt structure. However, the analyst said that given the volatility of cryptocurrencies, "everything is possible."

Solana’s on-chain DEX transaction volume in the past 7 days reached $16.061 billion, ranking first in the entire chain, twice that of Ethereum. Ethereum ranked second, with an on-chain DEX transaction volume of $8.162 billion in the past 7 days.

A dormant address holding 400 BTC (about $27,284,805) was just activated after 12.4 years (worth $2,149 in 2012).

For the team behind Layer2 blockchain Polygon, one of the biggest breakout successes this year has been the decentralized prediction market Polymarket. Polymarket has surged in popularity among mainstream users, with traders betting nearly $2.4 billion on whether Trump or Harris will win the US election in November. But Polymarket has only generated a small amount of dollar revenue for the Polygon team, and the price of the native POL token has barely risen at all.

On the eve of the second anniversary of ChatGPT's launch, there was news that OpenAI plans to launch the next-generation cutting-edge flagship model Orion. Unlike the two models 4o and o1 released by OpenAI this year, Orion will not be widely released through ChatGPT, but will first grant access to companies with close partnerships so that they can build their own products and features first. Subsequently, OpenAI CEO Sam Altman publicly refuted the rumor, calling it out-of-control fake news.

Hongmeng announced that it has built an open ecosystem of meta-services, including the digital RMB. This means that Hongmeng users can use the corresponding services without downloading the digital RMB App, and can use digital RMB to pay as soon as they get their mobile phones, innovatively realizing the deep integration of legal digital currency functions and mobile phone systems.

As chain abstraction concepts and technologies mature, this will drive the Crypto industry towards a more user-friendly, developer-friendly, and highly interoperable direction, and give birth to truly killer applications that ordinary people can use.