MagazinAisle

Blog

  • Tether’s USDT is ‘coming home’ to Bitcoin this month over a decade after debut there

    Tether’s USDT is ‘coming home’ to Bitcoin this month over a decade after debut there

    “It’s coming home,” Tether CEO Paolo Ardoino proclaimed on X last week, referring to the return of his company’s stablecoin, $USDT, to the Bitcoin network.

    Tether’s $USDT, the world’s largest stablecoin with a market cap of nearly $190 billion, began life on Bitcoin in 2014 on its Omi protocol, before Ethereum and later Tron became its primary venues.

    $USDT is now set to return to the world’s oldest blockchain through Tether-backed infrastructure project Utexo, which is expected to begin issuing the world’s largest stablecoin on the Bitcoin network this month.

    Utexo, which was founded in 2025 and raised $7.5 million in funding earlier this year, has been granted the commercial license to issue $USDT on Bitcoin, using the stablecoin’s trademark to bring it to exchanges, wallets and payment providers, Utexo co-founder Viktor Ihnatiuk told CoinDesk in a Telegram message.

    “Tether has always been a Bitcoin company,” Ihnatiuk told CoinDesk in a recent interview. “Bitcoin for them is a stability haven, along with gold. That’s why Tether kept buying $BTC and supporting the Bitcoin community.”

    Tether holds around 100,000 $BTC ($8.4 billion) as of mid-August this year, according to Bitcoin Treasuries.

  • Why rising perpetual funding rates signal growing bullish leverage as bitcoin crosses $86,500

    Why rising perpetual funding rates signal growing bullish leverage as bitcoin crosses $86,500

    Bitcoin derivatives activity is picking up ahead of Friday’s U.S. jobs report, with traders adding positions as the price climbs above $86,000.

    Open interest has risen to approximately 653,000 $BTC ($56.2 billion) from 626,000 $BTC on Sept. 30, according to CoinGlass data, an increase of 27,000 $BTC ($2.3 billion), or roughly 4.3%. Open interest measures the total value of outstanding futures and perpetual contracts that have yet to be closed or settled. Rising open interest indicates that traders are adding exposure, although it does not reveal whether they are betting on prices rising or falling.

    Bitcoin has climbed from around $83,500 to $86,500 over the same period. A price increase coinciding with rising open interest suggests new positions are helping support the rally.

    Meanwhile, the perpetual funding rate has risen from around 3% to 10% in the same time frame. Funding is a periodic payment exchanged between traders holding long and short positions, designed to keep perpetual futures prices close to the spot price. When funding is positive, traders betting on higher prices pay those betting on lower prices.

  • USDC Issuer Circle Objects to Europe’s Stablecoin Rule: Could the 60% Reserve Requirement Change?

    USDC Issuer Circle Objects to Europe’s Stablecoin Rule: Could the 60% Reserve Requirement Change?

    According to Circle, this regulation exposes stablecoin reserves to greater credit and counterparty risks in the banking sector. The company cites the 2023 Silicon Valley Bank collapse, where approximately $3.3 billion in $USDC reserves remained with the bank, causing the token to briefly lose its $1 peg, as an example of these risks.

    Circle is advocating for the consideration of a liquidity requirement that allows a certain portion of reserves to be cashed out within one to five business days, rather than a strict minimum deposit requirement for bank deposits. The European Central Bank and some national central banks also support a similar approach.

    The company also objected to the rule limiting reserve exposure to a single country’s government bonds to 35 percent. Circle argues that this limit makes it difficult for a dollar-based stablecoin to hold a significant portion of its reserves in US Treasury bonds.

    As part of the same review, the Hyperliquid Policy Center also requested that perpetual futures contracts on the chain be evaluated under the existing MiFID II derivatives rules instead of MiCA.

    These are requests submitted by industry organizations. This does not mean that the European Commission has accepted the proposals or amended the MiCA rules. A formal assessment and potential legislative process will need to be completed before a final decision is made.

    *This is not investment advice.

  • Renee Good’s family sues Trump administration over fatal ICE shooting

    Renee Good’s family sues Trump administration over fatal ICE shooting

    Lawsuits accuse Trump officials of recklessness and civil rights violations in Renee Good’s fatal Minneapolis shooting.

    Published On 1 Oct 2026

    The family of Renee Good, one of two US citizens fatally shot by federal immigration agents in the state of Minnesota, has sued the government over her killing during a sweeping immigrant deportation blitz in January.

    The two lawsuits – filed on Thursday by Good’s partner, Becca Good, and Renee’s brother, Brent Ganger – say officials from US President Donald Trump’s administration were reckless and violated the civil rights of Good and others in Minneapolis. The lawsuits are demanding a jury trial and financial damages.

    The lawsuits are the first major civil actions taken against the Trump administration over its unprecedented deportation crackdowns in Minneapolis last winter, dubbed Operation Metro Surge.

    The first lawsuit seeks damages for Good’s wrongful death under Minnesota law, citing claims of assault, battery, false imprisonment, negligence and intentional infliction of emotional distress.

    The second lawsuit alleges a civil rights conspiracy among numerous defendants including the immigration officer and shooter Jonathon Ross, who was named alongside high-ranking Trump administration officials, including White House Deputy Policy Chief Stephen Miller, former Homeland Security Secretary Kristi Noem, former Border Patrol commander Gregory Bovino and Trump’s longtime campaign adviser, Corey Lewandowski.

    Good, a mother of three, was shot and killed in her car by an Immigration and Customs Enforcement (ICE) agent in south Minneapolis when she and her wife joined one of the city’s daily demonstrations against masked and armed federal agents deployed to the city to arrest migrants for deportation.

    Widespread cellphone footage taken by eyewitnesses captured the moment in which Good was killed, after agent Ross fired into the windshield, shooting her in the head, arm and torso.

    Federal officials at the time said the officer acted in self-defence and that Good had engaged in “an act of domestic terrorism”.

    In a statement posted on Truth Social at the time, Trump defended the deadly ICE shooting, saying that the reason those “incidents” were happening was that “the Radical Left is threatening, assaulting, and targeting our Law Enforcement Officers and ICE Agents on a daily basis”.

    Days after the shooting, officials from the US Department of Justice, including then-Deputy Attorney Todd Blanche, blocked federal prosecutors from pursuing a criminal civil rights case against the agents involved in her killing, which prompted at least half a dozen of those prosecutors to resign in protest.

    Minnesota sued the Trump administration in March to gain access to the evidence it gathered at the shooting scenes, but investigations stalled after the Justice Department halted its routine cooperation and evidence-sharing with the Minneapolis Police Department.

    None of the agents involved in Good’s killing has faced any charges.

  • Nithya Raman Reaches Out To David Ellison To Make Sure L.A Production & Jobs Return Now That ParaBros Deal Is Done

    Nithya Raman Reaches Out To David Ellison To Make Sure L.A Production & Jobs Return Now That ParaBros Deal Is Done

    Leading in polls in the Los Angeles mayor’s race, Nithya Raman went on a charm offensive Thursday with the film and TV industry, and Paramount‘s CEO David Ellison in particular.

    “To David Ellison, to his co-CEO, I don’t just want those dollars that you’ve committed to productions to be spent in America — I want them to be spent in Los Angeles,” the two-term councilmember said today at the Bloomberg Screentime conference, which is taking place in her Hollywood district. Raman said that though she was opposed to $111 billion merger of Paramount and Warner Bros Discovery, now that the deal has been approved she has no interest in “relitigating this into eternity.”

    As has been the case many times in the past, the home of Hollywood has some unlikely bedfellows when it comes to the bottom line. It is unknown whether Raman has directly reached out to Paramount brass since U.S. District Judge Araceli Martínez-Olguín signed off Tuesday on the antitrust settlement between the Ellison-run company and a dozen state attorneys general. Paramount reps did not respond to Deadline’s request for comment on any communication between the councilmember and the CEO.

    David Ellison

    Paramount CEO David Ellison

    Getty

    In full campaign mode, Raman emphasized during today’s panel interview that she will be a “relentless advocate” for uncapping the state’s current $750 million a year film and TV tax incentive program as a further move to get production back to California and L.A. With a room full of execs before her, the spouse of TV comedy scribe Vali Chandrasekaran also reiterated she would “ensure that we had a film office in the mayor’s office that was liaising with other jurisdictions, that was making it as simple to shoot here as possible, as low cost to shoot here as possible, and that work would be established almost immediately.”

    To that, with production significantly on the decline over the past six years and more than 50,000 jobs lost, Raman followed the headlines as Ellison and his newly minted co-CEO Ynon Kreiz prepare to meld the two iconic Hollywood companies.

    “If I get to be mayor, I want to work with you and ensure and fight as hard as I possibly can to make sure that every single one of those shoots are happening here in Los Angeles,” the candidate said, addressing Ellison and Kreiz directly in absentia. “And I will do everything in my power to make sure that happens.”

    Although Raman leads incumbent Mayor Karen Bass by double digits in many polls, the fact is one-third of voters in the City of Angels remain undecided just more than a month before the election. To that, the candidate has to win over a portion of those who voted for ex-The Hills regular Spencer Pratt in the three-way primary earlier this year — and she had a pitch.

    “To every voter who voted for Spencer Pratt in the primary who is disappointed that he’s not in this general election, I want to speak directly to you,” Raman said of the Donald Trump ally. “I want to speak directly to them, and to say that I share your frustration with City Hall, and I will work with every molecule of my being to ensure that this city is working for you.”

    Among his various post-primary endeavors, former Palisades resident Pratt has been instrumental, by all bipartisan accounts, in the crafting of federal film and TV tax incentive legislation — a bill Raman has said she also supports.

    Leaning into her own outsider status, even with years on the L.A. City Council, Raman added, again addressing Pratt voters: “The frustrations that Angelinos have with the direction of our city is warranted. We have, under this mayor’s leadership, we have moved in the wrong direction and and away from actually delivering the kinds of services that we were able to deliver just a few years ago because of fiscal mismanagement under her leadership.”

    “So, to those Pratt voters, I just want to say to you, I will do better for you,” she said.

  • Ethereum’s Controversial Reward Burning Plan Withdrawn: What’s Next for ETH Supply?

    Ethereum’s Controversial Reward Burning Plan Withdrawn: What’s Next for ETH Supply?

    However, industry participants and Ethereum core developers indicated that a broader discussion was needed regarding the proposal’s potential impact on security, economic incentives, and solo validators. How the burning curve would be calculated, the impact of liquid staking protocols, and the structure of the validator set were among the main points of contention.

    The withdrawal of the proposal does not mean that the idea of reducing or burning staking rewards on Ethereum has been completely abandoned. The authors of the EIP plan to conduct a review process for $ETH supply policy independent of the network update.

    According to the new schedule, one of the first comprehensive meetings will be held at the Devcon event in November. A new forum is being considered for January at the cryptoeconomics workshop at Columbia University. Technical workshops are planned for February and March, and a more concrete proposal will be worked on with developers at the EthCC event in April.

    Therefore, EIP-8363 is not expected to be implemented in the Hegota update. However, the discussion about Ethereum’s long-term supply and staking incentives will continue in a separate process.

    *This is not investment advice.

  • Bitcoin ETF’s $3.1 Billion Positive Streak Ends: The Biggest Exit Came from Fidelity! Here Are the Details

    Bitcoin ETF’s $3.1 Billion Positive Streak Ends: The Biggest Exit Came from Fidelity! Here Are the Details

    The largest portion of the daily outflows came from Fidelity’s FBTC fund, with approximately $125.6 million withdrawn. Bitwise’s BITB fund saw a net outflow of $13.6 million. BlackRock’s IBIT fund also completed its nine-day inflow streak with a $9.5 million outflow. Other spot Bitcoin ETFs did not see any significant net movement.

    The single-day outflow of $148.7 million does not indicate a mass exodus of investors from spot Bitcoin ETFs. The funds have generated cumulative net inflows of over $57 billion since their inception in January 2024. Net inflows calculated from the beginning of 2026, despite the recent outflow, remain at approximately $970 million.

    The total assets managed by the funds are reportedly over $100 billion. However, cumulative flows remain approximately $5 billion below the peak reached on October 10, 2025.

    On the same day, approximately $59.6 million also flowed out of Ethereum ETFs. This extended the outflow from Ethereum funds to two days, following a net inflow of approximately $850 million over the previous seven days.

    While ETF flows are an important indicator of institutional demand, they alone do not determine the future direction of Bitcoin’s price. Futures contracts, interest rate expectations, and overall risk appetite can also influence the market.

    *This is not investment advice.

  • Despite praise and White House visits, Trump avoids endorsing Netanyahu

    Despite praise and White House visits, Trump avoids endorsing Netanyahu

    In a Time interview, Trump avoids directly endorsing Netanyahu but defends him over reports of warnings before October 7 attacks.

    United States President Donald Trump has avoided directly endorsing Benjamin Netanyahu in an interview ahead of Israel’s upcoming elections, despite repeatedly heaping praise – and White House visits – on the Israeli prime minister.

    Trump thrice avoided making an endorsement in an interview with Time magazine published on Thursday, instead pivoting to his own popularity in Israel and actions in support of Israel’s government.

    Recommended Stories

    list of 3 itemsend of list

    The US president was initially asked if the “Israeli people should give Netanyahu another term?”

    “Well, I can only say that I’m not involved in politics any more, except that we’re popular,” Trump said, claiming “99 percent” popularity in Israel.

    When pressed a second time on whether Netanyahu should have another term, Trump pointed to Washington’s continued security support for Israel and his decision to move the US embassy from Tel Aviv to Jerusalem during his first term.

    The interviewer responded: “It seems like you’re doing a lot of work for him. Should he have another term?”

    Trump replied: “No, my primary thing – I do want to help them defend Israel. My thing that I mention all the time is Iran cannot have a nuclear power because they are crazy and you can’t let crazy people have nuclear weapons.”

    Trump has repeatedly hailed his relationship with Netanyahu throughout his second term, even as government officials have leaked accounts of private discord between the two leaders.

    Trump has met with Netanyahu at least seven times since January 2025, more than any other leader, and has publicly pushed for a pardon in the Israeli leader’s ongoing corruption trial.

    Still, the latest statements come as Trump and his Republican Party have contended with growing discontent with his administration’s policy towards Israel, particularly amid perceptions that the Israeli government influenced Trump to launch the US-Israel war against Iran in February.

    The conflict, which has driven up petrol prices in the US, has become a key vulnerability ahead of the US midterm elections in November, which will determine whether Democrats or Republicans control the US Senate and House of Representatives for Trump’s final two years in office.

    Nevertheless, Trump hosted Netanyahu most recently at the White House in July, flouting concerns over Israeli obstructions to ending the conflict, as well as to achieving a more lasting peace in Israel’s genocidal war in Gaza.

    Speaking to Time magazine, Trump defended the war with Iran, saying he may still seek to “annihilate” Iran and could resume bombing after the midterm vote.

    Trump also came to Netanyahu’s defence, batting away reports that Egypt and the United Arab Emirates had warned Netanyahu of the impending Hamas-led attacks on southern Israel on October 7, 2023.

    “I think if he would have known, he would have done something about it,” he said.

    He later acknowledged that “people have written off Bibi many, many times, just like they’ve written off me many, many times”, using Netanyahu’s nickname.

    “I wouldn’t underestimate Bibi,” he added.

    Trump was also asked if US security support would change if Gadi Eisenkot, whose opposition bloc has been leading in  Israeli polls, were to win the October 27 vote.

    He replied: “Well, I don’t know. I don’t hear bad things about him.”

  • Nithya Raman Reaches Out To David Ellison To Make Sure L.A Production & Jobs Return Now That ParaBros Deal Is Done

    Nithya Raman Reaches Out To David Ellison To Make Sure L.A Production & Jobs Return Now That ParaBros Deal Is Done

    Leading in polls in the Los Angeles mayor’s race, Nithya Raman went on a charm offensive Thursday with the film and TV industry, and Paramount‘s CEO David Ellison in particular.

    “To David Ellison, to his co-CEO, I don’t just want those dollars that you’ve committed to productions to be spent in America — I want them to be spent in Los Angeles,” the two-term councilmember said today at the Bloomberg Screentime conference, which is taking place in her Hollywood district. Raman said that though she was opposed to $111 billion merger of Paramount and Warner Bros Discovery, now that the deal has been approved she has no interest in “relitigating this into eternity.”

    As has been the case many times in the past, the home of Hollywood has some unlikely bedfellows when it comes to the bottom line. It is unknown whether Raman has directly reached out to Paramount brass since U.S. District Judge Araceli Martínez-Olguín signed off Tuesday on the antitrust settlement between the Ellison-run company and a dozen state attorneys general. Paramount reps did not respond to Deadline’s request for comment on any communication between the councilmember and the CEO.

    David Ellison

    Paramount CEO David Ellison

    Getty

    In full campaign mode, Raman emphasized during today’s panel interview that she will be a “relentless advocate” for uncapping the state’s current $750 million a year film and TV tax incentive program as a further move to get production back to California and L.A. With a room full of execs before her, the spouse of TV comedy scribe Vali Chandrasekaran also reiterated she would “ensure that we had a film office in the mayor’s office that was liaising with other jurisdictions, that was making it as simple to shoot here as possible, as low cost to shoot here as possible, and that work would be established almost immediately.”

    To that, with production significantly on the decline over the past six years and more than 50,000 jobs lost, Raman followed the headlines as Ellison and his newly minted co-CEO Ynon Kreiz prepare to meld the two iconic Hollywood companies.

    “If I get to be mayor, I want to work with you and ensure and fight as hard as I possibly can to make sure that every single one of those shoots are happening here in Los Angeles,” the candidate said, addressing Ellison and Kreiz directly in absentia. “And I will do everything in my power to make sure that happens.”

    Although Raman leads incumbent Mayor Karen Bass by double digits in many polls, the fact is one-third of voters in the City of Angels remain undecided just more than a month before the election. To that, the candidate has to win over a portion of those who voted for ex-The Hills regular Spencer Pratt in the three-way primary earlier this year — and she had a pitch.

    “To every voter who voted for Spencer Pratt in the primary who is disappointed that he’s not in this general election, I want to speak directly to you,” Raman said of the Donald Trump ally. “I want to speak directly to them, and to say that I share your frustration with City Hall, and I will work with every molecule of my being to ensure that this city is working for you.”

    Among his various post-primary endeavors, former Palisades resident Pratt has been instrumental, by all bipartisan accounts, in the crafting of federal film and TV tax incentive legislation — a bill Raman has said she also supports.

    Leaning into her own outsider status, even with years on the L.A. City Council, Raman added, again addressing Pratt voters: “The frustrations that Angelinos have with the direction of our city is warranted. We have, under this mayor’s leadership, we have moved in the wrong direction and and away from actually delivering the kinds of services that we were able to deliver just a few years ago because of fiscal mismanagement under her leadership.”

    “So, to those Pratt voters, I just want to say to you, I will do better for you,” she said.

  • Ben Affleck’s ‘Animals’ Cast Wants Him to Run for Office: ‘Maybe They Hate Me’

    Ben Affleck’s ‘Animals’ Cast Wants Him to Run for Office: ‘Maybe They Hate Me’

    Ben Affleck plays a Brentwood businessman running for Los Angeles mayor in the new thriller “Animals.”

    The Oscar winner, who directed and co-wrote the film, is also a longtime political activist who has supported the presidential campaigns of Barack Obama, Hillary Clinton, Joe Biden and Kamala Harris.

    Now, his “Animals” cast would like him to run for elected office.

    “Maybe they hate me,” Affleck cracked at the “Animals” premiere on Wednesday night in Los Angeles.

    Kerry Washington co-stars as Affleck’s wife in the movie. “We keep telling him that he should, but he doesn’t want to,” she told me. “You know, we’re in a place in our politics right now where anything is possible, but I would hope that the people who are running for office want to be there and he has been very explicit in saying that he doesn’t want to run for office.”

    Luis Gerardo Méndez plays an undocumented Mexican immigrant in the film who finds himself unexpectedly — and dangerously — thrust into the mayoral hopeful’s life. “I would definitely vote for him,” Méndez said. “Go Ben Affleck! He’s smart and sexy — that’s all you need.”

    Affleck, however, isn’t announcing a candidacy anytime soon.

    “We don’t ask the question of what are your qualifications to hold public office any longer,” the Oscar winner said. “It’s, ‘You wanna join the circus? Who’s the biggest carny?’ I think that there is a whatever side of the aisle you’re on, one of the interesting things that people can agree on is a collective disappointment with the way that American politics has trended.”

    Affleck continued, “There’s nobody alive now who thinks, hey, we’re really doing it right and things are going great and I love this political system. And that’s a problem.”

    Being in office, Affleck says, is no longer about serving the people.

    “It’s just about money, raising money, it’s just about playing a sort of adolescent game of who can make fun of the other person better or be more reductive and stupid about something rather than actually trying to talk about the issues,” he said. “I think the thing that’s missing from politics, frankly, is you have to lead. You can’t just scare people. You can’t just hector them. You can’t lecture them. You can’t guilt them into it. You’ve got to inspire them. Otherwise they don’t want to vote for you.”

    And then he added, “Selfishly, I just see what a difficult grind of a job it is and I’d rather make movies about it.”

    Animals will be released on Netflix and in select theaters on Oct. 9.