Hodler

GroveX Bridged USDT (GRX Chain) | USDT

$0.9999

Coin info

Rank
#27662
Market Cap
$0.00
Volume (24h)
$5,838,563
Circulating Supply
0
Total Supply
11,000,000

Rank
Market Cap
Volume (24h)
Circulating Supply
Total Supply

Do you think the price will rise or fall?

Rise 40%

Fall 60%

Price perfomance

$0.00

$∞

Range 24H

$∞

Depth of Market

Depth +2%

Depth -2%

We recommend

News

11 May 2026, 11:05
Tether QVAC MedPsy-4B Beats Google Model at 7x Smaller Size
Tether's QVAC group released MedPsy, two on-device medical AI models scoring 62.62 and 70.54 on benchmark averages. Both outperform larger Google MedGemma models while running without cloud connectivity.
11 May 2026, 05:20
South Korea Police Intensify Crackdown on ‘Tether Laundromats’ Used by Criminal Gangs
BitcoinWorld South Korea Police Intensify Crackdown on ‘Tether Laundromats’ Used by Criminal Gangs South Korean police have announced a significant escalation in their efforts to dismantle so-called “Tether laundromats,” following a series of high-profile cases where criminal organizations used the dollar-pegged stablecoin Tether (USDT) to launder illicit funds. The National Office of Investigation confirmed it will bolster its virtual asset investigation capabilities to keep pace with increasingly sophisticated financial crimes. Police Strengthen Virtual Asset Investigation Units According to a report by The Korea Economic Daily , Park Seong-ju, head of the National Office of Investigation at the Korean National Police Agency, stated during a press conference in Seoul that authorities are preparing specialized training programs for virtual asset investigations. These programs will be developed in collaboration with key agencies, including the Financial Intelligence Unit (FIU). “While investigations have previously focused on major crimes such as fraud and drug offenses involving virtual assets, they will now invariably include tracing the laundering of criminal proceeds,” Park said. The move signals a broader shift in South Korea’s approach to crypto-related crime, moving from reactive casework to proactive financial forensics. What Are ‘Tether Laundromats’? The term “Tether laundromat” refers to a method used by criminal networks to convert illicit cash into USDT, often through unregistered or loosely regulated over-the-counter (OTC) brokers. Once converted, the stablecoin can be moved across borders quickly and with relative anonymity, bypassing traditional banking oversight. This has made USDT a preferred tool for money laundering in East Asia, particularly in jurisdictions with high crypto adoption but uneven regulatory enforcement. South Korean authorities have previously uncovered cases where drug trafficking rings and online fraud syndicates used Tether to move millions of dollars. The new directive aims to close the gaps that allow these transactions to go undetected. Why This Matters for the Crypto Industry South Korea is one of the world’s most active cryptocurrency markets, with a high proportion of retail traders and a sophisticated digital asset ecosystem. The police crackdown represents a growing global trend where law enforcement agencies are developing specialized skills to trace stablecoin transactions on public blockchains. Stablecoins like USDT, while designed for price stability, operate on transparent ledgers. However, tracing the flow of funds across multiple wallets and exchanges requires advanced analytical tools and cross-border cooperation. The new training programs are expected to give South Korean investigators the technical expertise needed to follow these digital trails. Conclusion The announcement signals a hardening of South Korea’s stance on crypto-related financial crime. By investing in specialized training and inter-agency cooperation, the police aim to disrupt the use of stablecoins for money laundering while maintaining the integrity of the broader virtual asset market. For investors and industry participants, the development underscores the increasing regulatory scrutiny on stablecoin usage worldwide. FAQs Q1: What exactly is a “Tether laundromat”? A: It is a term used by law enforcement to describe a method where criminals convert illegal cash into Tether (USDT) through unregulated brokers, then move the funds across borders using cryptocurrency networks to hide the origin of the money. Q2: Why is South Korea focusing on Tether specifically? A: Tether is the most widely used stablecoin and has been frequently linked to money laundering cases in East Asia. Its dollar peg and ease of transfer make it attractive for criminal networks seeking to bypass traditional banking controls. Q3: Will this crackdown affect ordinary crypto users in South Korea? A: The crackdown is aimed at criminal organizations and unregistered OTC brokers. Legitimate traders and exchanges that comply with existing regulations are unlikely to be directly affected, though enhanced monitoring may lead to stricter transaction reporting requirements. This post South Korea Police Intensify Crackdown on ‘Tether Laundromats’ Used by Criminal Gangs first appeared on BitcoinWorld .
11 May 2026, 05:05
Latam Insights: Venezuela’s Crypto Mining Ban, Tether’s $300M Lawsuit
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Venezuela upholds a crypto mining ban as power demand spikes, Tether sues Titan Holding in Brazil for $300 million, and stablecoins dominate Peru’s crypto market. Venezuela Upholds Crypto Mining Ban as Power Demand
10 May 2026, 17:10
Whale Alert: $300 Million in USDT Moved from Binance to Unknown Wallet
BitcoinWorld Whale Alert: $300 Million in USDT Moved from Binance to Unknown Wallet A significant cryptocurrency transaction has caught the attention of the market monitoring service Whale Alert. On [Date of event, e.g., May 22, 2026], the platform reported that 300,000,000 USDT—worth approximately $300 million—was transferred from the Binance exchange to an unidentified wallet address. The transaction, one of the largest stablecoin movements of the month, has sparked discussion among analysts regarding its potential implications for market liquidity and exchange flows. Details of the Transfer According to the Whale Alert data, the transfer originated from a known Binance hot wallet. The destination wallet, which has not been publicly labeled, now holds the full $300 million in Tether (USDT). While large transfers between exchanges and private wallets are routine, the sheer size of this movement—coupled with the anonymity of the recipient—often invites speculation. Historically, similar movements have preceded shifts in market sentiment, either signaling a large investor preparing to enter a position or a custodian moving funds for security purposes. Market and On-Chain Context Stablecoin transfers of this magnitude are closely watched because they can indicate institutional activity. A withdrawal of USDT from a centralized exchange like Binance typically reduces the available supply on the order book, which can, in theory, reduce immediate selling pressure. Conversely, a deposit of a large amount of USDT to an exchange is often seen as a precursor to buying activity. In this case, the movement is an outflow, which some analysts interpret as a whale accumulating stablecoins in a private wallet, possibly for a future large purchase or for DeFi participation. It is important to note that without further on-chain attribution, the intent remains unknown. The transaction does not appear to be related to any known exchange cold wallet or custodial service, adding to the intrigue. Implications for Binance and Exchange Flows Binance, as the world’s largest cryptocurrency exchange by volume, regularly processes billions of dollars in daily transfers. A single $300 million outflow is notable but not unprecedented. Data from Glassnode and CoinMetrics shows that exchange net flows for USDT have been relatively stable this quarter. This particular transfer could be part of a routine treasury management operation by Binance itself, or it could be a high-net-worth individual moving funds for personal custody. Without a public statement from Binance or the wallet owner, the event remains a data point rather than a definitive signal. Conclusion The $300 million USDT transfer from Binance to an unknown wallet is a significant on-chain event that underscores the ongoing monitoring of large capital movements in the crypto ecosystem. While the immediate market impact has been neutral, the transaction serves as a reminder of the transparency of public blockchains and the importance of tools like Whale Alert for tracking whale activity. As always, readers should treat such data as informational and avoid drawing premature conclusions about market direction. FAQs Q1: What is Whale Alert? Whale Alert is a popular service that tracks and reports large cryptocurrency transactions in real-time across multiple blockchains. It is commonly used by traders and analysts to monitor whale activity. Q2: Why does a $300 million USDT transfer matter? Large stablecoin movements can signal changes in market sentiment or institutional activity. An outflow from an exchange like Binance might indicate a whale is moving funds to a private wallet for long-term holding or DeFi use, rather than for immediate trading. Q3: Can the destination wallet be identified? At this time, the receiving wallet is unlabeled and not publicly associated with any known entity. On-chain analysis tools may eventually link it to a specific organization or individual if further transactions are made, but currently, its owner remains unknown. This post Whale Alert: $300 Million in USDT Moved from Binance to Unknown Wallet first appeared on BitcoinWorld .
10 May 2026, 15:33
Stablecoin Market Adds $2 Billion in 7 Days as USDT Holds Near $190 Billion
After hovering slightly above the $320 billion threshold last week, the stablecoin sector pulled in more than $2 billion in fresh capital over the past seven days. Data from Defillama shows the stablecoin economy now carries a combined market capitalization of $322.74 billion. Stablecoin Market Starts Swelling Again As of this weekend, tether ( USDT)
10 May 2026, 12:00
USDT On Ethereum Sees Largest Exchange Outflow Since February — Details
According to the latest on-chain data, the Ethereum-native iteration of USDT, the world’s largest stablecoin, has just witnessed its largest exchange outflow in recent months. 1.29 Billion USDT Flow Out Of Crypto Exchanges In a May 9th post on the X platform, blockchain analytics firm Santiment revealed that USDT on the Ethereum network recently recorded its largest flow out of exchanges in months. Around 1.29 billion stablecoins (the highest since February) were transferred out of exchanges on Friday, May 8th. This on-chain observation is based on the change in the Exchange Flow Balance indicator, which measures the net amount of tokens moving into and out of centralized exchange addresses. Related Reading: This 1 Chart Explains Why Bitcoin Is Winning And Ethereum Is Losing Right Now A spike in the Exchange Flow Balance metric indicates that more tokens (USDT, in this case) are flowing to centralized exchanges. On the other hand, when the indicator declines, it suggests that investors are withdrawing assets from these trading platforms. Santiment explained the significance of investors moving their USDT away from exchanges, noting that this would ordinarily mean they are withdrawing their buying power from trading platforms where they can use it for instant cryptocurrency purchases. On the surface, this reduction of buying power (or capital) on exchanges is a bearish signal for crypto markets. However, the analytics firm believes that the significant USDT outflows (of this reported magnitude) suggest that institutional investors are moving capital to self-custody wallets, DeFi protocols, or OTC (over-the-counter) desks ahead of larger planned transactions. Therefore, capital is believed to be flowing out of the ecosystem, not entirely, but being repositioned for even larger purposes. Santiment also highlighted the pattern often surrounding exchange outflow spikes of this magnitude. For instance, as observed in the chart below, the Bitcoin price witnessed a mini-pullback over the subsequent two weeks following the 3.72 billion USDT outflow on February 9. What’s more interesting is that this pullback birthed the buying opportunity that has seen the Bitcoin price jump by more than 30% in the past few months. Santiment concluded in the social media post: Whether this current capital re-enters exchanges as buying pressure in the near term is the key variable to monitor. If USDT begins flowing back onto exchanges in the coming days, it would signal that deployment into crypto assets is imminent. Crypto Market Capitalization As of this writing, the total cryptocurrency market capitalization stands at around $2.66 trillion, up nearly 4% over the past week. Related Reading: 14,600 Bitcoin Sold in Profit in One Day: Here Is How BTC’s Own Structure Broke It Below $80K Featured image from iStock, chart from TradingView

GroveX Bridged USDT (GRX Chain) | USDT

Coin info

Rank

Market Cap

Volume (24h)

Circulating Supply

Total Supply

Rank

Market Cap

Volume (24h)

Circulating Supply

Total Supply

Do you think the price will rise or fall?

Price perfomance

Depth of Market

Depth +2%

Depth -2%

We recommend

News

Tether QVAC MedPsy-4B Beats Google Model at 7x Smaller Size

South Korea Police Intensify Crackdown on ‘Tether Laundromats’ Used by Criminal Gangs

Latam Insights: Venezuela’s Crypto Mining Ban, Tether’s $300M Lawsuit

Whale Alert: $300 Million in USDT Moved from Binance to Unknown Wallet

Stablecoin Market Adds $2 Billion in 7 Days as USDT Holds Near $190 Billion

USDT On Ethereum Sees Largest Exchange Outflow Since February — Details

Top Markets

GroveX Bridged USDT (GRX Chain) | USDT

Rank

Market Cap

Volume (24h)

Circulating Supply

Total Supply

Tether QVAC MedPsy-4B Beats Google Model at 7x Smaller Size

South Korea Police Intensify Crackdown on ‘Tether Laundromats’ Used by Criminal Gangs

Latam Insights: Venezuela’s Crypto Mining Ban, Tether’s $300M Lawsuit

Whale Alert: $300 Million in USDT Moved from Binance to Unknown Wallet

Stablecoin Market Adds $2 Billion in 7 Days as USDT Holds Near $190 Billion

USDT On Ethereum Sees Largest Exchange Outflow Since February — Details