US Senate investigators have found that 84% of the 846 crypto wallets sanctioned with ties to Iran executed transactions primarily using USDT, prompting Democrats to call for an official investigation into Tether.
Tether’s argument
Tether counters that it proactively assisted authorities in freezing nearly $550 million in USDT related to Iran in 2026, and views its compliant cooperation as evidence of its governance responsibility rather than complicity.
California Governor Gavin Newsom signed and issued AB 2409, which bans state and local officials from issuing memecoins, effective from January 1, 2027.
Regulatory signal
The bill also expands anti-money-laundering regulations and strengthens enforcement for digital assets, presented as a “Trump-opposed” stance regarding political tokens.
Impact on the industry
Digital asset service providers serving California residents must face new restrictions in listing political-related tokens.
Bitget was compromised with losses of $387.5 million on September 24 via a chain of compromised signing authorizations—not due to a private key leak— with $185 million withdrawn in less than a minute.
Money-laundering trail
The stolen funds, including $83 million in XRP, were moved across multiple wallets; about 4 BTC were traced via Wasabi CoinJoin after being routed through THORChain, along with suspicions involving a North Korean hacker.
Industry debate
THORChain refused to block the attackers’ addresses on the grounds of decentralization, drawing a great deal of fierce criticism.
Bitwise’s Solana ETF staking fund recorded net inflows of more than $110 million this week, signaling strong institutional confidence.
Ecosystem growth
Solana’s stablecoin supply reached an all-time high of $17.3 billion, while the Alpenglow upgrade aims to complete transactions in 150 milliseconds.
Key risks
A transfer of 500,000 SOL (~$60 million) to a centralized exchange raised concerns about potential selling pressure from whales, especially as the RSI indicator is currently in overbought territory.
Market Insight: XRP leads the market today with aggressive bullish momentum, pushing close to its 24-hour peak near $1.64 on a strong $0.49B volume inflow. A decisive bounce off the $1.49 support zone reflects robust institutional accumulation and sustained spot buying on Binance. If buyers manage to flip the $1.64 resistance into a solid support level, the door opens for an extended rally targeting the $1.75 psychological zone. However, traders should maintain risk discipline as short-term consolidation may occur following this rapid +7.83% upward expansion.
SUI Price Update - TOP GAINER Today - Latest Binance Data: * SUI: around 1.03 USD * 24h Change: +9.34% (TOP GAINER) * 24h High: 1.08 USD * 24h Low: 0.93 USD * 24h Volume: around 0.23B USD
Market Insight: SUI has demonstrated exceptional bullish momentum today, successfully reclaiming the crucial $1.00 psychological barrier backed by robust volume of over $230M. The aggressive recovery from the $0.93 daily low indicates strong institutional and spot demand stepping in to absorb selling pressure. Sustaining price action above the $1.02–$1.00 support flip is critical to confirm this breakout and target the next resistance level near $1.12. However, short-term traders should anticipate potential volatility and minor pullbacks as the asset digests rapid intraday gains.