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TylerFoustπ©βοΈπ―
@tylerfoust.eth
Good afternoon guys π₯ π Key Updates: Tether, EU Regulations, and Chainlink 1. Tether (USDT): - Expected to close 2024 with a $10 billion profit. - Investments for the year will total $5 billion. - Plans to launch an AI platform in Q1 2025. 2. EU Regulations and USDT Ban: - European exchanges are instructed to delist USDT by December 30 due to non-compliance with MiCA regulations. - Potential impact: reduced liquidity and capital outflows from the European market. 3. Chainlink (LINK): - Unlocked: 11.25M $LINK (~$258M). - Distribution: - 10.625M $LINK (~$243.5M) sent to Binance. - 625K $LINK (~$14.4M) transferred to a multisig wallet β0xD50.β Takeaways: - Tether strengthens its position despite regulatory challenges. - Chainlinkβs fund movements suggest preparations for major initiatives. - EU traders face increasing obstacles under tightened crypto regulations.
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@koomelodis
Good morning Tyler.. It's been long since you replied to my comment...π₯² Have a good day dearπ
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