Sense

Good afternoon guys 🔥

📊 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 “0xD50.”

Takeaways:
	- Tether strengthens its position despite regulatory challenges.
	- Chainlink’s fund movements suggest preparations for major initiatives.
      - EU traders face increasing obstacles under tightened crypto regulations.

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