According to a report by blockchain intelligence firm Crystal Blockchain, Ukraine has received $225 million in cryptocurrency donations since the start of Russia's invasion last year. These donations have been used to purchase crucial war supplies such as weapons, ammunition, and medical equipment. While the total amount of crypto donations has continued to increase, the monthly donation amounts have stagnated since late 2022 and never exceeded $10 million a month since May 2023. The majority of donations were in the form of USDT, followed by ether and bitcoin, and were primarily for humanitarian initiatives rather than military-oriented campaigns. On the other hand, Russia's military and paramilitary units have also been using crypto to receive material support, but these fundraising efforts have been more clandestine and have raised much smaller amounts.

The market capitalization of USDT, the largest stablecoin, hit an all-time high of $83.76 billion according to IntoTheBlock. However, other data aggregators reported that the asset had surpassed that level earlier this month. USDT has been one of the biggest winners in the crypto market since the COVID-19 pandemic, with its market capitalization increasing from $4 billion in January 2020 to over $83 billion as of writing.

Speculation is rife on Crypto Twitter that former FTX chief Sam Bankman-Fried (SBF) may be cooperating with the Department of Justice (DoJ) on various ongoing and pending crypto-related investigations. This comes after SBF was seen walking near the office of the Southern District New York DoJ, with many suggesting that he may have turned state's evidence.

Accordign to Whalealert, $70 Million Tron USDT transferred from Bitfinex to Tether Treasury.

According to Whale Alert monitoring, 72,999,970 USDT were transferred from unknown wallets to Binance.

The market capitalization of Circle's stablecoin USDC has fallen by approximately 50% in the past year, with its current market cap standing at around $26.7 billion. This is due to competition from Tether, which has seen a 27% increase in market cap since July 2022. USDC's credibility has also been affected by a temporary de-pegging to $0.97 following the insolvency of Silicon Valley Bank.

imToken has introduced a cross-chain bridge transfer feature, now supporting the transfer of TRON's USDT to Ethereum wallets in just one step.

According to Whale Alert data: 50,000,000 USDT transferred from Bitfinex to Tether Treasury

CCData, a cryptocurrency analysis platform, released a report stating that from the beginning of this month to July 17, the total market value of stablecoins dropped to $127 billion, accounting for 10.3% of the total cryptocurrency market value, which is a slight decrease from June. The market value of stablecoins has been declining for 16 consecutive months, falling to nearly a two-year low.

Circle's USDC stablecoin has experienced a decrease in circulating supply of around $100 million in the past week due to redemptions exceeding new coin issuance. This trend has been ongoing for the past year, resulting in a reduction of approximately $28 billion from USDC's market capitalization.

New York-based hedge fund, Fir Tree Partners, is launching a new fund that will focus on distressed crypto assets. The Fir Tree Digital Asset Opportunities Fund is set to launch on August 1st, according to an email seen by CoinDesk. The firm believes that digital assets are currently mispriced, dislocated, and complex, making it an ideal opportunity for them to capitalize on. Fir Tree has previously been involved in the crypto industry, having shorted Tether's USDT stablecoin and been in a legal dispute with bitcoin fund manager Grayscale.

DEGAMEFI, the strongest web3 community in the CIS region, is organizing the largest web3 annual conference in the Caucasus region. The DEGAMEFI WEB3 CONFERENCE 2023 will be held in Tbilisi, Georgia from October 7th to 8th and will attract a diverse range of participants, including developers, investors, entrepreneurs, and enthusiasts.

Telegram's integrated crypto and payment solution, Wallet, is launching Wallet Pay, which allows for Bitcoin, Tether, and Toncoin payments within the messaging app. Users can make instant and secure payments for goods and services with just a few taps.

Tether plans to deploy an additional 1 billion USDT on the Tron network, leading to more on-chain activity related to stablecoins. Tron's CEO, Justin Sun, confirmed the launch of stUSDT on the network, making it a popular choice for stablecoin issuers due to its fast-paced user growth.

Kava, a blockchain that combines the power of Ethereum and Cosmos, has launched the Kava 14 upgrade which allows for seamless conversion of native Cosmos assets to and from Ethereum's ERC20 token standard. Tether has chosen Kava as the gateway for issuing native USDt on Cosmos, and with the launch of Kava 14, USDt can now be minted and easily converted on Cosmos to USDt on other layer one networks.

According to Kava team, Curve Pool is Live with Kava Native USDT.

Hong Kong police are on the hunt for a group of scammers who conned a victim out of HK $1 million in Tether during an over-the-counter exchange. The victim was lured to a shop in Tsim Sha Tsui after seeing an Instagram ad offering high exchange rates. The scammer impersonated a shop employee and offered fake bank notes in exchange for Tether, before disappearing with the victim's money. This incident is part of a series of crypto scams in Hong Kong, which has recently implemented licensing laws for crypto operators in an attempt to standardize the industry.

Bitget released the eighth asset reserve certificate (snapshot date 7-6), the user's BTC assets are 2311.23 pieces, an increase of 7% from the previous (6-8), an increase of 150.24 BTC; the user's ETH assets are 11,200 pieces, compared with the previous The second increase was 9%, an increase of 955.47 ETH; the user's USDT assets were 346 million pieces, an increase of 4% from the previous time, an increase of 13 million USDT.

Stablecoins are an essential component of the cryptocurrency industry, providing a stable asset for trading and gaining traction in cross-border payments due to their efficiency and traceability.

Huobi released the latest asset reserve certificate. The user’s BTC asset accumulation increased by 53.3% compared with June, an increase of 8,300 BTC; the user’s ETH asset accumulation increased by 7.2% compared with June, an increase of 9,500 ETH; the user’s HT asset accumulation compared with June A month-on-month increase of 0.7%, an increase of 1.46 million HT; users’ USDT asset deposits increased by 13% compared with June, an increase of 72 million USDT.