Tether's competitors are increasing pressure to push the world's largest source in the world from the encryption market, including political pressure that aims to reduce the company's leading market share.
In the broader encryption markets, analysts suggest that most cryptocurrencies will not witness a large -scale gathering for the “Altcoin season” in 2025, and the choice of distinctive symbols only with sustainable investor models and revenue generation models will be able to outperform the rest of the symbols.
Paulo Erdino: Competitors and politicians intend to “kill the rope”
Tether's competitors push the world's largest source in the world from the encryption market, according to the CEO of the company, Paulo Erdino.
At Tether, the source of the largest Stablecoin in the world, USDT (USDT), the market value of more than $ 142 billion – more than twice the size of the USDC at a value of $ 56 billion, according to Cointelgraph data.
However, Stablecoin Source faces increasing pressure from competing companies and politicians, said Erdino on February 25 x mail.
“Although our competitors' business model must be a better product building and even a larger distribution network, their true intention is” Kill Tether “. Every meeting or one political meeting crowned with this intention.”
Erdino added: “I will leave you to determine a competitor trying to use Lawfare to kill a discount, instead of focusing on better products.”
Erdino said that Tether will continue to focus on its mission to enhance global financial integration, especially in underdeveloped economies, noting that USDT is used by more than 400 million people and earns 35 million new portfolios per quarter.
Ardoino's comments followed Tether's exclusion from the list of 10 approved companies to issue Stablecoins in the framework of the European Union markets in the regulatory framework of the European Union (MICA).
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Altseason 2025: “Most of Altcoins will not make it,” says Cryptoquant CEO.
Most cryptocurrencies outside Bitcoin and Ether may not face a wide gathering of the “Altcoin season” in 2025, but projects with strong basics and forms generated from revenue can outperform the broader market, according to Ki Young Ju, founder and CEO of Cryptoquant.
“Most of Altcoins will not make” during the 2025 market cycle, Joe books In the publication February 25.
Joe said that cryptocurrencies with potential approvals for the exchange fund (ETF), and strong forms of revenue generation and the constant investor's interest may outperform the rest of the market. However, “the age of everything has ended,” added.
source: Ki Young Jo
JU's view that 24 % of the largest 200 encrypted currencies have decreased to their lowest levels in more than a year, which sparked speculation about the surrender of the potential market.
The highest 200 encrypted currencies. source: Jimmy Cots
The current decline may refer to a surrender in the incoming market, according to Juan Pelic, chief research analyst at Crypto Intelligence Platform InTothheblock.
“Correcting the last market, with a large rank (especially in assets such as Solana) and a decrease in the total number of encryption market to $ 3.13 trillion, indicates a possible surrender where excessive positions are stopped,” said Cointelegrar.
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Bybit Hacker, $ 335 million, with money continuing to move
The infiltrators of BYBIT of $ 1.4 billion washed more than $ 335 million of digital assets, as investigators continued to track the stolen money movement.
Crypto's investor feelings were exposed to the largest penetration in the date of encryption on February 21, when Bybit lost more than $ 1.4 billion in liquid liquid, Mantle Stake ETH (METH) and other digital assets.
Onchain data shows that the infiltrator has transferred 45,900 ETHER (ETH) – at a value of about $ 113 million – in the past 24 hours, up to the total amount that is washed to more than 135,000 ETH, at a value of $ 335 million.
That infiltrator left about 363,900 ETH, at a value of about $ 900 million, According to To Blockchain analyst EmbercN.
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American legislators make a decision to cancel the “unfair” encryption tax base
American lawmakers in the House of Representatives have developed a decision to cancel the “DEFI Boy Base”, which requires brokers to report digital assets transactions to internal revenue service.
It is scheduled to enter in 2027, it was the List of the Broker of the Tax Authority consent On December 5, current reporting requirements will expand to include decentralized exchanges. The brokers will require the disclosure of the total returns from encrypted currency sales, including information on tax drivers participating in transactions.
During the mark of the February 26 Committee, the Roads and Means Committee, a major group within the House of Representatives that deal with financial issues, voice 26 to 16 to apply accuracy.
source: Roads and Means Committee
In a statement, Miller Watthaus Levin, CEO of Defi Advocacy The Fund Thread Defi, said that the rule is “illegal and unconstitutional” and must turn to “protecting freedom of choice from Americans in how they are treated.”
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Metamask Fiat adds outside the slope to 10 Blockchains to improve access to encryption
ETHEREUM based metamask expands its services outside the slope to support 10 additional Blockchain networks. This step, in partnership with the Transak payment provider, aims to simplify the process of converting digital assets into a traditional currency.
Metamask users have previously been forced to switch assets in the distinctive ether symbols (ETH) before they can convert them into Fiat funds, add additional steps and transaction fees.
However, as part of the Metamask continuous partnership with Transk, the portfolio will add support to 10 new networks: Mainnet Mainnet, Avalanche C-ChaIN Mainnet, Base, BNB Chain, Cello, Fantom, Moonbeam, Moonriver, Optlizism and Polygon.
The first four codes that receive immediate support outside the ETH round include ETHEREUM, ETH on Optimisim, BNB (BNB) and Polygon (POL). Support for additional six networks will be offered gradually.
“By expanding ice capabilities with Transak, Metamask removes barriers between encryption and traditional currency, allowing users to convert a wider set of symbols directly to cash,” said Lorenzo Santos, chief product manager at Consensys.
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Defi market overview
According to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest encrypted currencies ended according to the weekly market value in red.
The Solana -based decentralized exchange code has decreased, as more than 55 % of the largest loser per week, followed by the Lido Dao code (LDO), decreased by more than 34 % on the weekly graph.
Total closed value in Defi. Source: Devillama
Thanks for reading our summary of the most influential Defi developments this week. Join us next Friday for more stories, visions and education regarding this dynamically advanced space.