SoSo Crypto Daily | Sideways Market Holds Firm; Tether Eyes Massive Funding as Institutional Adoption Accelerates

SoSo Crypto Daily | El mercado lateral se mantiene firme; Tether busca una financiación masiva a medida que se acelera la adopción institucional

SoSo Crypto Daily | Le marché latéral reste ferme ; Tether lorgne un financement massif alors que l'adoption institutionnelle s'accélère

SoSo Crypto Daily | 横ばいの相場は堅調を維持。機関投資家の採用が加速するにつれて、Tetherは大規模な資金調達を目指す

SoSo Crypto Daily | Mercado Lateralizado Mantém-se Firme; Tether Olha para Financiamento Massivo à medida que a Adoção Institucional Acelera

SoSo Crypto Daily | Боковое движение рынка остается устойчивым; Tether нацелен на масштабное финансирование по мере ускорения институционального внедрения

SoSo Crypto Daily | 加密市場橫盤震盪；Tether尋求200億美元融資，UXLINK上演黑吃黑事件，摩根士丹利加速加密資產佈局

SoSo Crypto Günlük | Yatay Piyasa İstikrarını Koruyor; Kurumsal Benimseme Hızlanırken Tether Büyük Bir Finansman Hedefliyor

SoSo Crypto Daily | Thị trường đi ngang vẫn vững chắc; Tether nhắm đến nguồn tài trợ lớn khi việc chấp nhận của các tổ chức đẩy nhanh

SoSo Crypto Daily | 加密市场横盘震荡；Tether寻求200亿美元融资，UXLINK上演黑吃黑事件，摩根士丹利加速加密资产布局

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="5b0aa413-62ef-4ccd-90fc-ed36a0bc03bd"><div class="bn-block" data-node-type="blockContainer" data-id="5b0aa413-62ef-4ccd-90fc-ed36a0bc03bd"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><em>The crypto market stayed mostly flat with a slight 0.27% gain to $3.97 trillion, as Bitcoin and Ethereum dipped marginally and sector movements remained muted except for CeFi and SocialFi, which rose 2%. Tether is seeking to raise up to $20 billion, valuing it near $500 billion and positioning it as one of the world’s most valuable private companies, while Circle’s stock was volatile and its market cap lags far behind, highlighting differing profitability and regulatory exposure between the stablecoin issuers. SEC Chair Paul Atkins signaled plans for “innovation exemptions” by 2025 to foster blockchain growth, potentially boosting institutional adoption. On the security front, social platform UXLINK was hacked for $11.3 million, with the attacker ironically falling for a phishing scam, and the incident has prompted trading suspensions amid speculation about the exploit’s origins. Finally, Morgan Stanley will enable E*Trade clients to trade Bitcoin, Ethereum, and Solana by next year, reflecting accelerating crypto adoption among major U.S. banks in response to evolving regulation.</em></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b9a8e3a0-cbb3-4547-bbb5-cbe66c696014"><div class="bn-block" data-node-type="blockContainer" data-id="b9a8e3a0-cbb3-4547-bbb5-cbe66c696014"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br><br class="ProseMirror-trailingBreak"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d5f7b17e-8b51-4326-8bda-05f13bcbffe7"><div class="bn-block" data-node-type="blockContainer" data-id="d5f7b17e-8b51-4326-8bda-05f13bcbffe7"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br class="ProseMirror-trailingBreak"></p></div></div></div></div>

USDT

UXLINK

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="7091a68c-e2f2-4eee-9281-502f020e5fe5"><div class="bn-block" data-node-type="blockContainer" data-id="7091a68c-e2f2-4eee-9281-502f020e5fe5"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Market Update</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="48fdd244-11e9-4ff1-83ea-7efa6e2a813b"><div class="bn-block" data-node-type="blockContainer" data-id="48fdd244-11e9-4ff1-83ea-7efa6e2a813b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The cryptocurrency market remained largely range-bound over the past 24 hours, with total market capitalization inching up by just 0.27% to $3.97 trillion. Bitcoin (BTC) slipped 0.13% to $112,300, while Ethereum (ETH) declined 0.18% to $4,190. Notably, the CeFi sector saw a 2% gain, buoyed by strong performance from BNB, while SocialFi rebounded 2% thanks to TON. Other sectors registered muted movements within a 1% band, underscoring the prevailing lack of clear directional momentum.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e1dfbd71-35c4-484f-b7c0-3a4c7f34df36"><div class="bn-block" data-node-type="blockContainer" data-id="e1dfbd71-35c4-484f-b7c0-3a4c7f34df36"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Tether Targets Historic $20 Billion Raise</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6fd3b81a-0c00-4e64-8c4f-5dca486c3bca"><div class="bn-block" data-node-type="blockContainer" data-id="6fd3b81a-0c00-4e64-8c4f-5dca486c3bca"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Bloomberg reported Tuesday that Tether, the leading stablecoin issuer, is in talks with investors to raise as much as $20 billion, which would value the company at approximately $500 billion. If successful, Tether would become one of the most valuable private companies globally, rivaling the likes of OpenAI and SpaceX. The proposed funding would represent about 3% of company equity and would involve the issuance of new shares, not secondary sales by existing investors. Sources indicated, however, that these are ambitious targets and the final amount could be much lower.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="25237cb3-5f44-4a20-a9c5-1e4fd45eebf0"><div class="bn-block" data-node-type="blockContainer" data-id="25237cb3-5f44-4a20-a9c5-1e4fd45eebf0"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">In contrast, Circle, the company behind USDC, saw its stock drop 5% today before rebounding 1.5% after hours. Its current market cap stands at $30 billion—less than a tenth of Tether's fundraising target. While USDT’s circulating supply is $170 billion compared to USDC’s $70 billion, the profitability gap between the companies is more pronounced, especially as investors question stablecoin issuers' ability to generate returns from their reserves in a lower interest rate environment. Tether, in particular, is perceived to have more flexibility due to lighter regulatory oversight compared to Circle.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6fb88d89-e648-41e6-9a13-f8bfb1c3bdb0"><div class="bn-block" data-node-type="blockContainer" data-id="6fb88d89-e648-41e6-9a13-f8bfb1c3bdb0"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Regulatory Signals: SEC Chair Pushes for Innovation Exemptions</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="13ca8547-5098-4df8-ac4b-627d99e42ad3"><div class="bn-block" data-node-type="blockContainer" data-id="13ca8547-5098-4df8-ac4b-627d99e42ad3"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Paul Atkins, the current Chairman of the U.S. Securities and Exchange Commission (SEC), told Fox Business that he hopes to implement “innovation exemptions” by the end of 2025. Atkins has directed his staff to consider such exemptions to rapidly enable companies to bring on-chain products and services to market. This regulatory stance signals a friendlier environment for blockchain innovation and could further accelerate institutional participation.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f807c7dc-1a3a-42dc-91c3-e4cc48cee2b8"><div class="bn-block" data-node-type="blockContainer" data-id="f807c7dc-1a3a-42dc-91c3-e4cc48cee2b8"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>UXLINK Exploited in Dramatic $11.3 Million Hack</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a365e19d-a19f-4963-b536-5bcb4237ede6"><div class="bn-block" data-node-type="blockContainer" data-id="a365e19d-a19f-4963-b536-5bcb4237ede6"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">In a chaotic series of events, on-chain social network UXLINK suffered a major exploit, losing over $11.3 million in assets. The attacker minted an additional one billion tokens, causing UXLINK’s token price to plummet by over 80% at its lows. The market cap collapsed from $150 million to under $50 million, and major exchanges OKX and Bybit suspended trading pairs to contain volatility. In an unusual twist, the hacker reportedly fell victim to a phishing attack by another group, losing 542 million UXLINK tokens—a "black eats black" scenario that has become infamous in the community. Speculation remains about whether the original exploit was due to insider leaks or external compromise, but no concrete evidence has surfaced.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="8007c11c-1be9-42a7-9f49-a3fb5be866a3"><div class="bn-block" data-node-type="blockContainer" data-id="8007c11c-1be9-42a7-9f49-a3fb5be866a3"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Morgan Stanley to Enable Crypto Trading for ETrade Clients</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ce37a1f5-ad2a-444d-b434-58e22eddfdfe"><div class="bn-block" data-node-type="blockContainer" data-id="ce37a1f5-ad2a-444d-b434-58e22eddfdfe"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Morgan Stanley is partnering with crypto infrastructure provider Zero Hash, aiming to allow ETrade customers direct access to Bitcoin, Ethereum, and Solana trading by the first half of next year. According to Jed Finn, head of wealth management, this initiative marks only the first phase, with comprehensive wallet solutions to follow. The move underscores a broader shift among major U.S. banks, who are ramping up digital asset offerings in response to significant regulatory changes following the new administration’s stance on crypto.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b1b78575-13cb-4505-b757-40b0751eedc2"><div class="bn-block" data-node-type="blockContainer" data-id="b1b78575-13cb-4505-b757-40b0751eedc2"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br><br><br class="ProseMirror-trailingBreak"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3d5c8635-4fb4-4371-aed3-781551194349"><div class="bn-block" data-node-type="blockContainer" data-id="3d5c8635-4fb4-4371-aed3-781551194349"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br><br class="ProseMirror-trailingBreak"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5430c13f-d9b3-4fe2-aa84-9fa2cfb43d6b"><div class="bn-block" data-node-type="blockContainer" data-id="5430c13f-d9b3-4fe2-aa84-9fa2cfb43d6b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br class="ProseMirror-trailingBreak"></p></div></div></div></div>

Sideways Market Holds Firm; Tether Eyes Massive Funding as Institutional Adoption Accelerates