The circulation of USDT increased by 4.5 billion in November. The blockchain intelligence platform Arkham recently confirmed this and pointed out that USDT worth about $3 billion was minted on the Tron network. It is worth noting that the Kraken deposit address (starting with TQef1) minted $2.5 billion in stablecoins during this period.

Paolo Ardoino has been appointed as the CEO of Tether, a position he assumed on December 1, 2021, after serving as the company's chief technology officer since 2017. Tether is expected to generate $4.5 billion in profits this year, and Ardoino has revealed that the company is prioritizing diversification and expansion. Tether will be focusing on becoming an infrastructure provider, and Ardoino believes that Keet, a communications app he is the chief strategy officer of, will be a significant driver of Bitcoin and USDT adoption. Tether is also investing in renewable energy and plans to construct hydropower facilities in Uruguay and geothermal facilities in El Salvador.

According to data released by Lookonchain, in November, USDT worth $5 billion was minted on Tron and Ethereum. On the Ethereum blockchain, the whale address "0x1dBb" received about 1.5 billion USDT from Tether Treasury and transferred it to an exchange. On Tron, 2.56 billion USDT was transferred from Tether Treasury to Kraken via the deposit address "TQef1n".

According to data released by Whale Alert, 49,999,994 USDT (valued at $50,005,744) was transferred from Bitfinex to Kraken 40 minutes ago.

Cyvers Alerts on X platform stated that due to a network phishing attack, a certain GnosisSafe address has just lost $100,000 USDT, and the funds have been exchanged to avoid being frozen.

According to Whale Alert monitoring, 90 million USDT has been transferred from Tether Treasury to Kraken.

CoinGecko data shows that the total market value of USDT has exceeded 89 billion US dollars, reaching 89,011,416,179 US dollars at the time of writing, setting a new historical high.

On November 9th, the high-success rate whale (0xb15) of Band ETH, as monitored by Twitter user Yu Jin, transferred 25,700 ETH to Binance, and then withdrew 55.51 million USDT in batches from Binance from November 9th to November 21st. This morning (5 hours ago), he transferred 3.51 million USDT to Binance.

According to Lookonchain monitoring, Tether Treasury minted another 1 billion USDT 9 hours ago. After the minting was completed, Tether Treasury sent 61 million USDT to the whale 0x1dBb. Since October 20th, the whale has received a total of 1.333 billion USDT from Tether Treasury and has deposited all the received USDT into exchanges.

November 28th, Whale Alert monitoring data showed that stablecoin issuer Tether had just issued 1 billion USDT on Ethereum 10 minutes ago. Tether CEO confirmed that the issuance was authorized but not yet distributed.

Santiment posted on social media that from August 19 to October 16, 3.54% of the total supply of USDT and 0.72% of the total supply of USDC were transferred to exchanges. These transfers were a precursor to the overall rebound of cryptocurrencies from late October to mid-November. After a period of cooling off, USDT and USDC have returned.

Tether advisor Gabor Gurbacs stated on social media platform X that if Argentine President Javier Milei wants to both shut down the central bank and delay dollarization, his best choice would be to purchase Bitcoin and hard assets (gold and commodities) to immediately strengthen the Argentine peso. This will inspire confidence. Then, accept loans from the International Monetary Fund to make the US dollar and Bitcoin legal tender.

According to ChainArgos monitoring, Tether has once again blacklisted 8 Tron wallet addresses. These wallets seem to mainly transfer funds between multiple exchanges in Asia and Kraken, and may have interacted with currency service providers such as Al Mutahadun and Dubai For Exchange, which were sanctioned by Israel (not confirmed).

Sun Yuchen stated in a post on X platform that the USDT-TRC20 recharge and withdrawal on Huobi HTX has been fully restored. Earlier, Sun Yuchen stated that the TRX recharge and withdrawal on Huobi HTX has been fully restored.

Bitget's market data shows that SEI has broken through 0.25 USDT and is now reporting 0.25087 USDT, with a 24-hour increase of 21.81%.

According to Santiment data, the price of Bitcoin has reached $38,300 for the first time since May 5, 2022. Among many contributors, the top 100 largest Tether (USDT) addresses have increased their holdings by $1.67 billion in the past six months, with purchasing power growing by 9.7%. If the purchasing power of USDT whales continues to increase, the price of Bitcoin may soon break through $40,000.

Tether and Bitfinex have agreed to give up their opposition to the New York Freedom of Information Law (FOIL) request made by a group of journalists, including ZekeFaux of Bloomberg Businessweek. The two companies stated in a joint statement that this is part of their "commitment to transparency," although opposition does not mean complete disclosure of all their documents. The statement said, "It is necessary to clarify that transparency does not mean bulk release of all our documents, which is not in line with standard business practices."

Santiment has posted on social media that Bitcoin has reached $38,300 for the first time since May 5, 2022. Among many contributors, the top 100 largest Tether (USDT) addresses have increased by $1.67 billion in purchasing power over the past six months, a growth of 9.7%. If the purchasing power of whale USDT continues to increase, BTC above $40,000 may be on the horizon.

Tether and Bitfinex have dropped their initial opposition to a freedom of information (FOIL) request made by several news publications, including Coindesk. The companies have stated that they are committed to transparency but will not be releasing all their documents. They have called for responsible document review before any public release of information. The FOIL request was made after Tether and Bitfinex settled a legal dispute with the New York attorney general's office and agreed to submit quarterly transparency reports for two years.

According to data from Lookonchain, since October 2, a whale has purchased a total of 2 million LDO tokens (worth $3.6 million) at a price of approximately $1.79 per token. Based on current prices, the profit is approximately $1.4 million. The whale has deposited the 2 million LDO tokens ($5 million) into Aave and borrowed 1.56 million USDT to purchase more LDO tokens.