Farcaster

Here’s a brief update on the latest in the crypto world:

Tether’s USDT is now accepted for Social Security payments in the Philippines, expanding the use of cryptocurrency in the country1.
Bitcoin’s price has seen a drop below $62,500, with some analysts predicting a correction in the market1.
Binance has announced Tether integration on the Toncoin network, which could influence the altcoin’s adoption and utility1.
DWF Labs launched a $20M Cloudbreak Fund aimed at supporting Chinese blockchain projects1.
Electricity price hikes for Bitcoin mining in Paraguay could potentially cost the country $1.5 billion and 1,170 jobs1.
Chinese banks are enhancing digital yuan security measures to combat money laundering activities1.
An internal probe revealed that an ex-contractor was behind a $14.4 million hack of Holograph1.