Millions Worth of Bitcoin and Tether Used to Pay Chinese Companies Involved in Fentanyl Crisis, Says Elliptic
A chemicals supplier in China said the business’s Mexico-based clients “always use USDT or Bitcoin to pay.”
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
What the Tether audit means for the crypto industry
In news that will shock anyone who’s been involved in the crypto industry for any significant amount of time, Tether announced las...
Tether has publicly listed a company that partially controls USDS
Tether invested $134 million in failing biopharmaceutical firm NovaBay in March, turning it into a stablecoin holding company. The...
Treasury’s New Stablecoin Rule Could Force US Exchanges to Delist Tether
Austin Campbell, founder of Zero Knowledge Group, said on the Bits + Bips podcast that Treasury’s newly proposed rules for the GEN...
Multicoin Capital moves millions in HYPE to Coinbase Prime, raising sell pressure questions
Multicoin's large HYPE transfers to Coinbase Prime may signal risk management or potential market impact, affecting investor senti...
Maple Finance ranks as second-largest crypto lender behind Tether
Maple Finance's rise highlights the shift towards secured lending in crypto, emphasizing risk management and institutional trust i...
Mysterious trader buys millions in ETH ahead of Trump’s 2:30 PM meeting with crypto executives
The trader's actions highlight potential regulatory gaps in crypto markets, raising concerns about insider knowledge and market tr...