Tether CEO: Still Focused on Markets Outside the U.S., Planning to Launch Compliant Stablecoin to Attract Institutional Funds

On May 25th, based on HypurrScan data, whale James Wynn has boosted his Bitcoin short position to $825 million (7706.95 BTC). The opening price was $107,052.2, the liquidation price was $111,470, and currently, he is facing an unrealized loss of $920,000.

May 25th: Simon Gerovich, who is the CEO of the publicly traded Japanese company Metaplanet, announced in a Medium post that Metaplanet attained the status of the most-purchased stock within the NISA accounts of Japan's largest online broker SBI Securities during the previous week. In Japan, investors are leveraging the NISA, a tax-exempt investment mechanism, to make indirect investments in Bitcoin while evading capital gains tax. Bitcoin, with zero tax liability and the use of leverage, has become the ultimate choice for Japanese investors as a proxy for Bitcoin.

On May 25th, based on HypurrScan data, the whale trader James Wynn has augmented his Bitcoin short position to $629 million (5877 BTC). The opening price is $107,061.6, the liquidation price is $113,270, and the current unrealized profit is $150,000.

On May 25th, Sui's flagship ecosystem project Turbos Finance released an incident analysis report regarding the Cetus exploit, indicating that the platform resumed normal operation immediately after the Cetus exploit: "At 11:34 AM UTC on May 22, 2025, Cetus announced a vulnerability in its protocol with a value of $2.23 billion. As an ecosystem protocol of the Sui mainnet, Turbos DEX is built on an independent, secure, and resilient codebase that is different from the forked code of any other platform (including Cetus). Nevertheless, our team promptly initiated a comprehensive internal security review. We found that the checked_shlw function related to the Cetus exploit existed in our codebase but was never called or utilized. After searching our CLMM repository, we confirmed that checked_shlw appeared only once in its definition and had no instances of being called, ensuring that there are no vulnerabilities in Turbos' operation. By 12:30 PM UTC, within less than an hour after Cetus

On May 25th, based on HypurrScan data, the whale trader James Wynn has augmented his Bitcoin short position to $488 million (4568.72 BTC). The opening price was $107,103.4, the liquidation price was $115,480, and currently, there is a floating profit of $1.26 million.

Recently, it was reported that Elon Musk will officially leave his position at the US Department of Efficiency by the end of May and focus on his core businesses in the technology and commercial sectors. Meanwhile, the well-known investment bank Wedbush Securities released a new report, increasing Tesla's stock target price from $350 to $500, which reflects the market's optimistic outlook on Tesla's future growth prospects. As a global leader in electric vehicles and new energy, Tesla has been continuously advancing in technological innovation and market expansion, driving up its stock price. Wedbush's adjustment further boosts investors' confidence in Tesla's long-term value. Against the backdrop of the continuous integration of digital assets and the traditional financial market, BiyaPay offers users convenient multi-asset trading services. The platform supports a 1:1 exchange between USDT and various fiat currencies such as the US dollar and the Hong Kong dollar, enabling users to