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Tether introduces QVAC, its new AI development platform for privacy-focused applications that run on local devices without dependence on centralized services. #Tether #TetherUpdate
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Catch up on the crypto market news over the last 24 hours.
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$1.2B in ETH Vanishes From Exchanges in Just One Week $ETH
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Pi Network Ventures has officially launched—a $100 million initiative, held in Pi and USD, to invest in startups and businesses that advance the utility and real-world adoption of Pi. Go to the Pi mining app home screen to learn more. This strategic program intends to invest in high-quality startups and companies across sectors, driving innovation and ecosystem growth. By providing early support to more innovative utility creation and real-world integration, this moment marks a pivotal step forward for Pi. #pi
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$8.4B Crypto Crime Network Busted on Telegram: The Xinbi Guarantee Scandal A shadowy Chinese-language black market known as Xinbi Guarantee has quietly facilitated over $8.4 billion in illicit crypto transactions since 2022, according to a joint investigation by WIRED and blockchain analytics firm Elliptic. Operating primarily on Telegram, Xinbi Guarantee offered a range of criminal services, including money laundering, fake IDs, stolen personal data, and support for large-scale scams such as “pig butchering” — where victims are tricked into fake investment schemes. The platform also shockingly listed services related to surrogacy, harassment-for-hire, and other highly illegal and unethical activities. What’s more alarming is that despite its illicit activity, Xinbi Guarantee was legally incorporated in Colorado, USA, likely to add a facade of legitimacy and ease access to US-based financial systems. Much like other illicit networks, transactions were conducted mostly in Tether (USDT) — a stablecoin known for its speed and pseudonymity — making it easier to launder large amounts of money across borders. Following exposure by investigators, Telegram banned the group's associated channels. However, given the resilience of these underground markets, experts warn that similar platforms may reappear under new names. This case highlights the growing challenges of policing crypto-fueled crime networks — and the urgent need for tighter regulation and global cooperation.
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