Binance has published a new proof-of-reserves snapshot showing that user USDT holdings fell by 928.2 million tokens over eight days, while Bitcoin, Ethereum, and BNB balances increased. According to figures from Binance, the exchange held approximately 24.3 billion USDT on… Ethereum drops below $2,000 as an Ethereum Foundation-linked wallet sells 2,000 ETH, while liquidations mount and other whales continue buying.
Crypto wallet firm Trezor has cut its reseller network by 80% following the discovery of more spy implants in devices sold by Malaysian vendor CryptoBilis. Trezor’s latest update on the spyware incident revealed it has implemented stricter rules for vendors in order to protect its supply chain. However, only 20% of vendors were able to abide by the new rules that focus on “how devices are sourced, stored and who has access to them.” Trezor stressed, however, that the dropped resellers “were trustworthy and…
Robinhood, Kalshi, and Crypto.com will soon hear from the Supreme Court whether or not their sports contracts can be exempt from paying federal wagering tax on the grounds that they’re not gambling. The companies, which haven’t been collecting wagering tax from their booming prediction markets, are set to receive a decision on their main argument at the same time. Robinhood asked the Supreme Court on September 10 to review its Ninth Circuit loss to Nevada’s gambling commission, and that case is now due for Nevada’s response on December 7.
