According to a new attestation report from BDO, Tether's reserves were made up of approximately 86% cash and cash equivalents as of September 30, which is the highest percentage ever. The report shows that $56.6 billion worth of reserves are in U.S. Treasury bills with a maturity date of less than 90 days, while another $8.8 billion was held in reverse repurchase agreements involving these bills. Tether has reduced its reliance on secured loans, which now make up only $5.1 billion worth of USDT reserves. BDO publishes attestations of Tether's reserves every quarter, with a one-month lag between the end of the quarter and the publication of the report.

Tether's Q3 attestation, verified by BDO Italy, revealed that the stablecoin has $3.2 billion in excess reserves supporting its value, including $72.6 billion in exposure to U.S. Treasuries. The attestation also disclosed $86.4 billion in assets in reserves as of September 30, with $83.2 billion in liabilities. Tether's CEO, Paolo Ardoino, has promised to introduce real-time data about reserves in the future, as the company aims to reduce its secured loans to zero by 2023. The company's USDT stablecoin remains the most popular, with an $84 billion market capitalization.

According to data from the Brazilian Federal Revenue Service, the usage of USDT has significantly increased in the country, with its trading volume far surpassing that of all other cryptocurrencies. Currently, 80% of cryptocurrency transactions are related to USDT, with a trading volume exceeding 2,710 Brazilian reals (approximately $54 billion), which is twice the trading volume of Bitcoin (approximately $30 billion). The Federal Revenue Service stated that with the significant increase in the usage of USDT in the country, it may have a significant impact on digital asset taxation and regulatory environment, as well as additional legislation for the digital asset industry.

According to data from Brazil's revenue service agency, stablecoin Tether (USDT) has become increasingly popular in Brazil, accounting for 80% of all cryptocurrency transactions in the country. USDT transactions in Brazil amounted to $271 billion Brazilian reais (~$55 billion) as of mid-October, almost double the volume of Bitcoin (BTC) transactions in the country. The Brazilian tax agency tracks crypto-related activities of citizens using a sophisticated system that relies on artificial intelligence and network analysis, and is also targeting crypto investments held by the country's citizens overseas. The local Congress passed legislation that recognizes cryptocurrencies as "financial assets" for tax purposes in foreign investments, with taxes applied at a rate of 15% to 22.5%.

According to Arkham monitoring, the address that transferred more than 520 million USDT last night is not an unknown wallet, but rather the hot wallet of Binance. These USDT transfers are part of Binance's internal wallet management, transferred from the Binance hot wallet to the cold wallet. Earlier reports stated that at 21:23:42 on October 28th, Beijing time, 520,253,676 USDT worth $520,663,700 was transferred from an unknown wallet to Binance on the Tron chain, according to Whale Alert monitoring.

FDUSD's global trading volume has also surged, ranking sixth among over 10,000 existing cryptocurrencies on Saturdays. According to Coingecko's data, the global FDUSD trading volume reached as high as $1.62 billion in the past 24 hours.

In response to the Wall Street Journal's article claiming that Tether is suspected of assisting terrorists in illegal financing using cryptocurrency, Tether CEO Paolo Ardoino stated in a post that since its establishment, Tether has cooperated with dozens of law enforcement agencies including the United States, Ukraine, and Israel. The use of cryptocurrency by malicious actors accounts for only a small portion of illegal activities in the traditional financial industry. The deceptive article by the Wall Street Journal deceived good people with false information.

Senator Cynthia Lummis and Representative French Hill have written to the Department of Justice urging them to conclude their investigations and make a decision on whether Binance and Tether should face criminal charges for their possible involvement in aiding Hamas. The lawmakers emphasized the importance of holding bad actors accountable for facilitating illicit activity, even if the reported level of funding is inaccurate. Lummis and Hill, who are both advocates for reasonable regulation of crypto, alleged that Binance and Tether knowingly allowed their platforms to be used by terrorist organizations. Binance and Tether have not yet commented on the matter.

The BLOCK PRO reported that US lawmakers are calling on the Department of Justice to consider bringing criminal charges against Binance and to further investigate the possibility of Tether's involvement in illegal finance.

According to Whale Alert monitoring, 63.86 million USDT was transferred from an unknown address to Binance.

According to Whale Alert monitoring, at 17:21:54 Beijing time, 318,596,539 USDT (318,694,507 USD) was transferred from Binance to an unknown address.

Cyvers Alerts issued a tweet warning that a phishing address (currently in progress) has been identified: 0xb7dae3e6428f5c762f0755df54b5a28f3077ddd5. The address has accumulated a value of 156,000 USDT, of which 77,000 USDT has been transferred to EOA.

Software development company Input Output Global (IOG) announced the establishment of a stablecoin company and appointed W. Sean Ford as the CEO of this newly established subsidiary focused on stablecoins, with David Markley as the Chief Operating Officer.

Whale Alert monitoring shows that at 16:40:24 today Beijing time, 221,193,384 USDT was transferred from an unknown wallet to Binance.

According to market data, ETH briefly touched 1800 USDT and is currently priced at 1808 USDT, with a 24-hour increase of 8.01%.

According to Whale Alert monitoring, a whale deposited 65,231,312 USDT into Binance, equivalent to approximately $65 million.

Tether, the largest stablecoin issuer, plans to release real-time proof-of-reserves reports by next year, according to incoming CEO Paolo Ardoino. While there is no set deadline for the plans, Tether already provides daily reserves reports on its website, which currently shows $84.15 billion in USDT. Ardoino also aims to increase tech investments, engage with regulators, and expand into renewable energy. Recently, blockchain analytics platform Santiment reported that large amounts of Tether are returning to crypto exchanges, which may signal a bullish trend.

According to Whale Alert, a blockchain data tracking service, Tether Treasury transferred a total of 140 million USDT in two transactions, with each transaction consisting of 70 million USDT. One transaction was transferred to an unknown wallet, while the other was transferred to the cryptocurrency exchange Bitfinex.

According to Whale Alert monitoring, at 20:20:24 Beijing time, 107,693,079 USDT was transferred from an unknown wallet to Binance, worth $107,731,849.

According to Whale Alert monitoring, a certain address made three large transfers to Binance today, totaling 323.5 million USDT. The transfers occurred 6 hours, 5 hours, and 3 hours ago, respectively.