The crypto market showcases sharp contrasts where Tether establishes itself as a key player, Ethereum faces rising sell-offs while Unstaked succeeds in its presale.
Tether Strengthens Its Position in Stablecoin Market
Tether CEO Paolo Ardoino revealed that the company now holds approximately $125 billion in U.S. Treasuries, making it the 18th largest holder globally if compared to countries. In 2024, Tether became the fifth-largest buyer of Treasuries, highlighting its strategic positioning in global finance.
Ardoino emphasized Tether's mission to extend U.S. dollar access to underserved populations, especially in growing markets. He also voiced support for regulatory efforts like the GENIUS Act aimed at providing clear legal frameworks for the stablecoin sector in the U.S.
Ethereum Faces Selling Pressure: Whale Sell-Offs
Ethereum (ETH) is under significant selling pressure after a major whale sold $12.11 million worth of ETH, with another wallet reportedly depositing $28.9 million in ETH to Binance. This resulted in Ethereum's price dropping to $2,240, down 8% over 24 hours and 10% over the past week.
This sell-off triggered over $300 million in ETH liquidations, contributing to a total of $712 million in liquidations in a single day. Despite positive ETF inflows, Ethereum continues to struggle for upward momentum.
Unstaked Success: $10.6M Raised in Presale
Amid these developments, Unstaked is successfully building its presale success story, raising over $10.6 million. Now in Stage 22, the project distinguishes itself with transparency and utility-focused strategies rather than speculation. Unstaked allows users to deploy autonomous AI agents for community engagement and growth management.
The presale emphasizes active participation, contrasting with common practices of passive holding among investors.
The crypto market illustrates different scenarios: Tether is strengthening its foothold, Ethereum encounters risks due to sell-offs, and Unstaked successfully executes its initiatives. These developments highlight the dynamic evolution and volatility of the cryptocurrency market.
