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- 11:51Tether CEO: No Bitcoin has been sold, only part of the reserves have been allocated to XXIJinse Finance reported that Tether CEO Paolo Ardoino stated on the X platform: "Tether has not sold any bitcoin, but has allocated part of its bitcoin reserves to XXI. As the world becomes increasingly uncertain, Tether will continue to invest part of its profits in safe assets such as bitcoin, gold, and land. Tether is a stable company."
- 11:21ether.fi Foundation: 73 ETH of protocol revenue was used this week to purchase 264,000 ETHFIChainCatcher news, the ether.fi Foundation released an ETHFI token buyback update on the X platform, disclosing that it has used 73 ETH (approximately $314,000) of protocol revenue to purchase 264,000 ETHFI. In addition, about 155,000 ETHFI have been burned, and approximately 108,000 ETHFI have been distributed to sETHFI holders.
- 10:52Analysis: Venezuela's inflation rate reaches 229%, USDT becomes the preferred local settlement methodJinse Finance reported that as Venezuela's annual inflation rate soared to 229%, stablecoins such as USDT have become the "de facto" currency for millions of Venezuelans within the financial system. It is reported that locals refer to Bitcoin as "exchange dollars," while the country's currency, the bolivar, has virtually disappeared from daily commercial activities. Hyperinflation, strict capital controls, and a fragmented exchange rate system have led people to increasingly prefer stablecoins over cash or local bank transfers. From small grocery stores to medium-sized businesses, USDT has replaced fiat cash as the preferred settlement method locally.