Competitors want to ‘kill Tether,’ most altcoins ‘won’t make it’ in 2025: Finance Redefined

Tether’s rivals are exerting more and more extra stress to push the world’s largest stablecoin issuer out of the crypto market, together with political stress aimed toward decreasing the agency’s main market share.

In the broader crypto markets, analysts are suggesting that most cryptocurrencies gained’t see a widespread “altcoin season” rally in 2025, and solely choose tokens with sustainable investor curiosity and revenue-generating fashions can be ready to outperform the remainder of the tokens.

Paolo Ardoino: Competitors and politicians intend to “kill Tether”

Tether’s rivals are working to push the world’s largest stablecoin issuer out of the crypto market, in accordance to the corporate’s CEO, Paolo Ardoino.

Tether, the issuer of the world’s largest stablecoin, USDt (USDT), has a market capitalization of greater than $142 billion — over twice as giant as Circle’s USD Coin’s (USDC) $56 billion, in accordance to Cointelegraph information.

However, the stablecoin issuer faces mounting stress from competing corporations and politicians, Ardoino mentioned in a Feb. 25 X submit.

“While our competitors’ business model should be to build a better product and even bigger distribution network, their real intent is ‘Kill Tether.’ Every single business or political meeting that they have culminates with this intent.”

“I’ll leave it to you to define a competitor trying to use lawfare to kill an opponent, instead of focusing on better products,” Ardoino added.

Tether will proceed specializing in its mission to promote world monetary inclusion, notably in underdeveloped economies, Ardoino mentioned, noting that USDT is utilized by greater than 400 million individuals and beneficial properties 35 million new wallets every quarter.

Ardoino’s feedback adopted Tether’s exclusion from the checklist of 10 corporations permitted to problem stablecoins beneath the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework.

Continue studying

Altseason 2025: “Most altcoins won’t make it,” CryptoQuant CEO says

Most cryptocurrencies past Bitcoin and Ether could not expertise a widespread “altcoin season” rally in 2025, however tasks with robust fundamentals and revenue-generating fashions may outperform the broader market, in accordance to Ki Young Ju, the founder and CEO of CryptoQuant.

“Most altcoins won’t make it” throughout the 2025 market cycle, Ju wrote in a Feb. 25 X submit.

Cryptocurrencies with potential exchange-traded fund (ETF) approvals, sturdy revenue-generating fashions and sustained investor consideration could outperform the remainder of the market, Ju mentioned. Still, “The era of everything pumping is over,” he added.

Ju’s outlook comes as 24% of the 200 largest cryptocurrencies have fallen to their lowest ranges in greater than a yr, sparking hypothesis about doable market capitulation.

The present downturn could sign an incoming market capitulation, in accordance to Juan Pellicer, senior analysis analyst at crypto intelligence platform IntoTheBlock.

“The recent market correction, with significant liquidations (especially in assets like Solana) and a drop in total crypto market cap to $3.13 trillion, points toward possible capitulation as overleveraged positions are flushed out,” Pellicer advised Cointelegraph.

Continue studying

Bybit hacker launders $335M as funds proceed to transfer

The hacker behind the $1.4 billion Bybit exploit has laundered greater than $335 million in digital property, with investigators persevering with to monitor the motion of stolen funds.

Crypto investor sentiment was hit by the most important hack in crypto historical past on Feb. 21, when Bybit misplaced over $1.4 billion in liquid-staked Ether (STETH), Mantle Staked ETH (mETH) and different digital property.

Onchain information exhibits that the hacker has moved 45,900 Ether (ETH) — value about $113 million — in the previous 24 hours, bringing the whole quantity laundered to greater than 135,000 ETH, valued at $335 million.

That left the hacker with about 363,900 ETH, value round $900 million, in accordance to pseudonymous blockchain analyst EmberCN.

Continue studying

US lawmakers advance decision to repeal “unfair” crypto tax rule

US lawmakers in the House of Representatives have superior a decision to repeal the “DeFi broker rule,” which requires brokers to report digital asset transactions to the Internal Revenue Service.

Set to take impact in 2027, the IRS dealer regulation was permitted on Dec. 5 and would increase current reporting necessities to embrace decentralized exchanges. It would require brokers to disclose gross proceeds from gross sales of cryptocurrencies, together with data relating to the taxpayers concerned in the transactions.

During its Feb. 26 committee markup, the House Ways and Means Committee, a key group inside the House that offers with monetary points, voted 26 to 16 to advance the decision.

In a press release, Miller Whitehouse-Levine, the CEO of DeFi advocacy group the DeFi Education Fund, mentioned the rule is an “unlawful and unconstitutional overreach” and wanted to be overturned to “protect Americans’ freedom of choice in how they transact.”

Continue studying

MetaMask provides fiat off-ramp for 10 blockchains to enhance crypto accessibility

Ethereum-based cryptocurrency pockets MetaMask is increasing its fiat off-ramp companies to help 10 extra blockchain networks. The transfer, in partnership with funds supplier Transak, is aimed toward simplifying the method of changing digital property into conventional foreign money.

MetaMask customers have been beforehand compelled to swap property into Ether (ETH) tokens earlier than having the ability to convert them into fiat cash, including additional steps and transaction charges.

However, as a part of MetaMask’s ongoing partnership with Transak, the pockets will add help to 10 new networks: the Arbitrum mainnet, Avalanche C-Chain mainnet, Base, BNB Chain, Celo, Fantom, Moonbeam, Moonriver, Optimism and Polygon.

The first 4 tokens to obtain speedy off-ramping help embrace ETH on Ethereum, ETH on Optimisim, BNB (BNB) and the Polygon (POL) token. Support for the extra six networks can be progressively rolled out.

“By expanding off-ramping capabilities with Transak, MetaMask is removing barriers between crypto and traditional currency, allowing users to convert a broader range of tokens directly to cash,” mentioned Lorenzo Santos, senior product supervisor at Consensys.

Continue studying

DeFi market overview

According to information from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the purple.

The Solana-based decentralized alternate Raydium’s (RAY) token fell over 55% because the week’s greatest loser, adopted by the Lido DAO (LDO) token, down over 34% on the weekly chart.

Thanks for studying our abstract of this week’s most impactful DeFi developments. Join us subsequent Friday for extra tales, insights and training relating to this dynamically advancing area.