Federal prosecutors in Albany are chasing more than $12 million USDT, They say it It was You are bound by crypto investment scams. They filed a civil forfeiture complaint in an attempt to retrieve the funds. This is another signal that authorities are dealing with crypto fraud like any other financial crime.

How the scam was unfolded

The scheme began with random text messages that promised profitable investment opportunities. These messages led victims to a fake trading platform called ShakePayex. That’s what the site was like I made it In It looks like It’s a real Canadian crypto exchange, but that wasn’t the case. Those who deposited their funds were hit with fake fees and obstacles when they tried to withdraw. Many people were told to deposit more before they could get their money back. Overall, more than $10 million has been released from unsuspecting users.

us DOJ moves to recover $12 million in USDT related to crypto fraud. Citizens’ forfeitures have become “one of the most important tools in cryptographic investigations” to collect funds and disrupt illegal activities.

– CryptoNews (@BTC_AF) September 10, 2025

Discover: 9+ Best High Risk, High Reward Crypto Buy in September 2025

Cases for confiscation of citizens

The government uses citizen confiscation to recover stolen codes. This approach allows for the seizing of suspected crime-bound assets without a criminal conviction. It has become a reliable way to deal with crypto fraud cases. The idea is simple. They freeze the assets before they disappear and try to return them to their legitimate ownership.

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Part of a larger pattern

This is not the first time the Department of Justice has taken this route. Earlier this year, it filed a similar lawsuit, including $225 million in USDT in connection with pig slaughter fraud. It was the biggest USDT attack on record. In that case, law enforcement worked with Tether and blockchain analysts to track and freeze the funds. The same kind of teamwork is unfolding here again.

Discovery: Next 1000x Ciphers: 10+ Ciphers tokens that could hit 1000X in 2025

Confiscation of citizens for the victims

Citizens’ confiscation was primarily seen as a way for criminals to block the use of stolen money. It is now becoming a way to give victims a path to recovery. By quickly identifying and freezing suspicious wallets, staff can prevent stolen funds from being moved through the mixer or cashed out. If the court approves the forfeiture, those funds can ultimately be returned to those who lost them.

What’s coming next

The next step is for the court to determine whether the seized funds are clearly linked to illegal activities. If so, the government can take legal ownership of the property. It would open the door for victim compensation. The case also prepares for a wider effort to make the crypto market safer. Prosecutors want that strong Enforcement, combined with faster collaboration between platforms, prevents future fraud from becoming this big.

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Last updated: 

September 8, 2025

Crypto investment products experienced $352 million in weekly outflows as Federal Reserve rate-cut optimism failed to boost digital asset sentiment, with Ethereum leading the exodus at $912 million while Bitcoin attracted $524 million in inflows.

CoinShares’ report shows trading volumes dropped 27% week-over-week, suggesting a cooled appetite for digital assets despite improving prospects for September interest rate cuts.

Year-to-date inflows remain strong at $35.2 billion, running 4.2% ahead of last year’s total.

Regional Divergence Amid Fed Uncertainty

The United States recorded $440 million in outflows, while Germany and Hong Kong saw inflows of $85.1 million and $8.1 million, respectively.

Ethereum products experienced daily outflows across seven consecutive trading days spanning multiple ETP issuers.

According to SosoValue, Spot Ethereum ETFs posted a record $788 million in weekly outflows, with no single fund recording net inflows.

Bitcoin spot ETFs contrasted with $246 million weekly inflows, marking two consecutive weeks of positive flows.

Solana extended its streak to 21 consecutive weeks of inflows totaling $1.16 billion year to date, while XRP reached $1.22 billion over the same period.

Both assets continue attracting steady weekly inflows of $16.1 million and $14.7 million, respectively.

The outflows occurred despite weak August payroll data that reinforced rate cut expectations. U.S. job growth slowed sharply, with unemployment rising to 4.3%, the highest level since 2021, strengthening the case for monetary easing.

According to Reuters, Standard Chartered has revised its projection to expect 50 basis point cuts at September’s Federal Open Market Committee meeting, doubling its previous forecasts.

Markets price in a 90% probability of 25-basis-point reductions with a 10% chance of larger cuts.

Similarly, Morgan Stanley and Deutsche Bank maintain that August employment data wasn’t weak enough for 50-basis-point cuts, though consecutive meeting reductions remain possible.

Fed Chair Jerome Powell previously indicated that rate cuts were possible while cautioning about persistent inflation threats.

Traditional Markets Rally While Crypto Cools

Stock markets responded positively to rate cut optimism, with S&P 500 futures gaining 0.2% on Monday following weak employment data.

European and Asian shares rose 0.3% and 0.6%, respectively, as Treasury yields held at lower levels.

Gold surged to record highs above $3,630 per ounce, gaining 38% year to date after a 27% increase in 2024.

Lower borrowing costs enhance non-yielding bullion appeal while geopolitical uncertainty drives safe-haven demand amid Fed independence concerns.

China’s central bank extended gold purchases to 10 consecutive months in August as part of dollar diversification efforts.

Additionally, Goldman Sachs projects gold could reach $5,000 per ounce if Federal Reserve independence deteriorates and investors shift from Treasuries.

The Trump administration moves to exempt gold bullion from country-based tariffs, formalizing previous customs rulings.

Political uncertainty in Japan and France contributed to dollar weakness despite rate-cut expectations supporting traditional risk assets.

Oil prices climbed more than 2% after OPEC+ agreed to slower output increases from October amid weaker global demand expectations.

Brent crude and West Texas Intermediate both posted strong gains following the production adjustment announcement.

Industry Outlook Amid Rate Cut Cycle

Earlier this month, Crypto.com CEO Kris Marszalek expected a strong fourth-quarter performance if September rate cuts materialize, citing improved liquidity conditions for risk assets.

This projection came as the exchange generated $1.5 billion in revenue last year with a $1 billion gross profit.

However, late last month, Santiment warned that social media discussion of Federal Reserve rate cuts reached an 11-month peak, historically indicating euphoric levels preceding market corrections.

Bitcoin exchange supply accumulation has risen by approximately 70,000 coins since June.

Ethereum technical indicators suggest caution despite strong price performance, with short-term MVRV approaching 15% and long-term readings at 58.5%.

These levels historically correspond with profit-taking activity and potential retracements.

Manufacturing PMI data could influence rate-cut timing, with forecasts expecting ISM Manufacturing PMI at 48.9 versus the previous 48.0. Levels below 49.5 typically extend correction periods while improvements support recovery narratives.

Amid this fed rate-cut optimism, European Central Bank President Christine Lagarde warned, in regard to Trump’s threats to the Fed chair, that undermining Fed independence would create “very serious danger” for global economic stability.

She believes that political control over monetary policy carries “very worrying” implications for worldwide markets.

Tether, the issuer of the world’s largest stablecoin USDT, is reportedly discussing deepening its investment in gold mining companies as part of its wider expansion strategy.

According to a Sept. 5 Financial Times report, the company has held discussions with mining and investment groups to explore opportunities across the entire gold supply chain.

If the plan materializes, it would allow Tether to participate in every stage of the process, from mining and refining to trading and royalties.

Tether has not responded to CryptoSlate’s request for comment as of press time.

Meanwhile, the discussions coincide with renewed strength in the gold market.

Investors seeking safe-haven assets during the current global economic environment have pushed the precious metal’s price to a new all-time high of $3,550 per ounce.

This price rally has created a favorable backdrop for Tether’s interest in the sector.

Tether’s gold embrace

Tether’s reported interest in gold mining builds on its earlier moves into the sector.

The company spent nearly $90 million in June to secure a controlling stake in Canadian royalty firm Elemental Altus Royalties Corp. The deal involved purchasing 78.4 million common shares from La Mancha Investments, giving Tether 31.9% ownership and the option to raise its stake to 50%.

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On Sept. 4, the stablecoin issuer agreed to expand its stake in the gold-focused firm by acquiring an additional $100 million worth of the company shares.

Beyond equity deals, Tether already issues Tether Gold (XAUT), a leading gold-backed digital token. The firm disclosed in July that XAUT is backed by more than 7.66 tons of gold stored in Switzerland.

Notably, Tether has also reported that its gold holdings represent over 5% of the reserves for its USDT stablecoins.

Tether’s expansion into gold signals a strategy of linking tangible assets with blockchain finance at a time when both safe-haven demand and stablecoin adoption are rising

USDT dominance continues

While expanding into gold, Tether’s core business remains unmatched in the crypto industry.

Data from Token Terminal shows that USDT transfer volumes reached a record $1.32 trillion in August, facilitated by 14 million unique addresses.

With a circulating supply exceeding $170 billion, USDT represents 59.2% of the $288 billion stablecoin market.

That scale makes it the sector’s most important token, cementing its role as the backbone of global crypto liquidity.

Mentioned in this article

Institutional investors increased their Ethereum (ETH) exposure via exchange-traded funds (ETFs) by 388,301 ETH in the second quarter, with investment advisors commanding the largest share of adoption across traditional finance sectors.

According to data shared by Bloomberg ETF analyst James Seyffart, investment advisor firms control $1.35 billion in Ethereum ETF exposure, representing 539,757 ETH and capturing 219,668 ETH in net additions during the past quarter.

Investment advisors dwarf other institutional segments, with hedge fund managers ranking second at $687 million in exposure. Their holdings are equivalent to 274,757 ETH, representing a 104% increase from the first quarter.

Growing institutional adoption

Goldman Sachs leads individual institutional holders with $721.8 million in Ethereum ETF positions, equivalent to 288,294 ETH exposure.

Jane Street Group follows at $190.4 million, while Millennium Management commands $186.9 million in ETF shares.

The concentration among top-tier Wall Street firms demonstrates institutional acceptance of Ethereum as a legitimate asset class within traditional portfolios.

Brokerage firms generated the third-largest exposure category at $253 million, adding 13,525 ETH (15.4%) positions during the quarter.

Private equity and holding companies contributed $62.2 million and $60.6 million, respectively, while pension funds and banks reduced their hands on Ethereum exposure.

Total institutional exposure across all categories tracked by Bloomberg Intelligence reached $2.44 billion by the end of the second quarter, representing 975,650 ETH in combined holdings.

The third quarter could also potentially show substantial increases in institutional participation based on the numbers so far.

Data from Farside Investors shows Ethereum ETF inflows surged from $4.2 billion on June 30 to $13.3 billion by Aug. 26, marking an over threefold increase and a new all-time high in cumulative inflows. August alone generated approximately $3.7 billion in additional flows.

The acceleration follows the continued adoption of Ethereum as a corporate treasury asset. Data compiled by the Strategic ETH Reserve shows that 17 publicly listed companies hold 3.4 million ETH, worth nearly $15.7 billion.

SharpLink registered the latest acquisition on Aug. 26, adding 56,533 ETH to its treasury, bringing its total to 797,704 ETH. However, it remains significantly lower than BitMine’s 1,713,899 ETH hoard, worth nearly $8 billion.

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Amin Ayan

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Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has…

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August 18, 2025

Digital asset investment products recorded $3.75 billion in inflows last week, the fourth-largest on record, signaling a sharp rebound in institutional appetite after weeks of muted sentiment.

The surge was highly concentrated, with iShares capturing the bulk of the flows through a single product, according to a Monday report from CoinShares.

Total assets under management (AuM) climbed to a record $244 billion on August 13, boosted by price gains across major cryptocurrencies.

US Accounts for 99% of $3.75B Crypto Inflows

The United States dominated activity, accounting for 99% of inflows ($3.73 billion).

Canada ($33.7 million), Hong Kong ($20.9 million), and Australia ($12.1 million) posted smaller contributions, while Brazil and Sweden recorded outflows of $10.6 million and $49.9 million, respectively.

Ethereum led the charge with $2.87 billion in inflows, representing 77% of the weekly total and pushing its year-to-date inflows to a record $11 billion.

By comparison, Bitcoin drew $552 million last week, with YTD inflows representing just 11.6% of its AuM versus Ethereum’s 29%.

Other altcoins also attracted strong interest. Solana saw $176.5 million in inflows, and XRP $125.9 million.

Meanwhile, Litecoin and Ton suffered small outflows of $0.4 million and $1 million, highlighting a continued concentration of investor interest in larger-cap digital assets.

Notably, spot Bitcoin and Ether ETFs recorded their busiest week ever, according to Bloomberg ETF analyst Eric Balchunas.

In just four trading days, trading volumes hit $40 billion, with Ether ETFs accounting for $17 billion — a new weekly record.

“ETHSANITY: Ether ETFs weekly volume was about $17 billion, blowing away [the] record, man did it wake up in July,” Balchunas wrote on X.

Nate Geraci, president of ETF firm NovaDius, echoed the sentiment, noting that spot Ether ETFs “absolutely obliterated” their prior record. He added: “Wonder if there are any ‘no demand’ naysayers still out there.”

Grayscale Moves Forward With Dogecoin ETF Plan

As reported, Grayscale is pushing ahead with its bid to launch a Dogecoin exchange-traded fund, revealing the ticker “GDOG” in its latest US Securities and Exchange Commission filing.

The company said Friday it plans to rename its existing Grayscale Dogecoin Trust to the Grayscale Dogecoin Trust ETF.

If approved, the fund would list on NYSE Arca, which has already filed paperwork to support the listing. “The Shares are expected to be listed on NYSE Arca under the ticker symbol ‘GDOG,’” the filing stated.

Grayscale’s proposal enters a crowded field. Competitors Rex-Osprey and Bitwise have also submitted applications for similar products as the SEC weighs dozens of crypto ETF requests.

Recent filings cover a wide spectrum, from SOL- to XRP-tracking funds, reflecting a shifting regulatory climate under the Trump administration.

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US President Donald Trump is preparing to sign an executive order this Thursday that could shake up how Americans invest for retirement. The move would allow 401(k) plans to include a wider range of assets — like private equity, real estate, and yes, even cryptocurrency.

The order, as reported by Bloomberg News, tells the Labor Department to take another look at the current rules under ERISA — that’s the Employee Retirement Income Security Act — and figure out how to give retirement plan administrators more room to include less traditional, higher-risk investments.

Trump: Rewriting The Playbook

Labor Secretary Lori Chavez-DeRemer has been tasked with working alongside the Treasury, the Securities and Exchange Commission, and other federal agencies to make this happen. The main goal? Give plan sponsors a clearer roadmap to offer more diverse investment options, without falling foul of the law.

Donald Trump will sign an executive order that aims to allow private equity, real estate, cryptocurrency and other alternative assets in 401(k)s https://t.co/IXetIBnTzL

— Bloomberg (@business) August 7, 2025

Right now, most of the $12 trillion sitting in 401(k)s is invested in good old-fashioned stocks and bonds. But with this new push, savers might soon get the option to invest in assets that were once out of reach.

That said, it’s not as simple as just adding a few new buttons on a retirement dashboard. Offering private equity or crypto means plan administrators will have to show that they’ve done their homework — that the managers are qualified, the fees are fair, and that everything lines up with fiduciary standards.

BTCUSD trading at $116,349 on the 24-hour chart: TradingView

Winners And Warnings

Supporters of the move argue that expanding into private markets could lead to better long-term returns, especially in times when public markets are lagging. Critics, however, worry about the downsides — like high fees, limited access to funds, and the risks that come with less liquid investments.

Big players like Blackstone, Apollo, and KKR could benefit big-time from the change. In fact, BlackRock is already planning to roll out a new 401(k) fund with private investments in 2026. Empower Retirement is expected to launch similar offerings later this year.

Crypto Takes A Step In

What really stands out in this executive order is its nod to crypto. It’s the latest in a series of moves that show Trump warming up to digital assets. Just this past summer, the White House hosted “Crypto Week,” discussed new rules for stablecoins, and even floated the idea of a national Bitcoin reserve.

The new order reportedly asks the SEC to loosen restrictions that have kept crypto out of most retirement plans. If successful, this could open the door for Bitcoin, stablecoins, and other digital assets to become part of Americans’ retirement portfolios.

Featured image from The Traveller Mindset, chart from TradingView

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While President Donald Trump’s tariff war aims to spark a manufacturing boom at home, corporate America’s spending focus remains firmly on “bits” rather than “bricks and mortar.”

This contrast is evident in the spending patterns of the Magnificent 7 (Mag 7) stocks – a group comprising large-cap tech companies, including Alphabet (parent company of Google), Amazon, Apple, Meta Platforms (parent company of Facebook and Instagram), Microsoft, Nvidia, and Tesla.

These firms are expected to cumulatively spend an astonishing $650 billion this year on capital expenditure (capex) and research and development (R&D), according to data tracked by Lloyds Bank. That amount is larger than what the U.K. government spends on public investments in a year, the bank noted in a Thursday note.

If that number alone doesn’t impress you, consider this: the total economy-wide investment spending on IT equipment and software has continued to surge this year, accounting for 6.1% of GDP, while both private fixed and fixed non-residential investment, excluding IT, have shrunk for consecutive quarters.

FOMO and AI

According to Lloyds’ FX Strategist Nicholas Kennedy, the decline in investments across other sectors of the economy could be due to several reasons, including the fear of missing out (FOMO) on the artificial intelligence (AI) boom.

“There might be some explanations other than a crowding out by IT spending and political/trade uncertainties that you could call on; the building boom that was triggered by Biden’s CHIPS act, which boosted structures, has faded, for instance. There is also a FOMO effect at work, firms encouraged to divert investment resources from what they traditionally do towards fashionable AI-related projects. So they’re just spending elsewhere,” Kennedy said in a note to clients.

The chart indicates that U.S. corporate spending on IT equipment and software has increased to $1.45 trillion, representing a 13.6% year-over-year rise. The tally makes up over 40% of the total U.S. private fixed investment.

The U.S. second-quarter GDP estimate, released by the Bureau of Economic Analysis early this week, showed that private fixed investment in IT increased by 12.4% quarter-on-quarter.

Meanwhile, investment in non-IT sectors or the broader economy fell by 4.9%, extending the three-quarter declining trend.

From ‘bricks’ to ‘bits’

This continued dominance of “bits” spending in corporate America should calm the nerves of those worried that the administration’s focus on manufacturing may suck capital away from technology markets, including emerging avenues like cryptocurrencies.

Bitcoin and NVDA, the bellwether for all things AI, both bottomed out in late November 2022 with the launch of ChatGPT and have since enjoyed incredible bull runs, demonstrating a powerful correlation between technology’s rise and the crypto market.

“Whether that [AI spending boom] generates a return is another matter, but it does reshape plans towards bits from bricks,” Kennedy said.

Moreover, the crypto market has also found a significant tailwind in the form of a favourable regulatory policy under Trump. The administration has demonstrated its pro-crypto bias through the signing of several key pieces of legislation aimed at clarifying regulatory oversight for digital assets and stablecoins, including measures that have garnered bipartisan support. Additionally, the administration has made strategic appointments to financial regulatory bodies.

DigitalX Limited, an Australian digital Investment manager, has made headlines with a new Bitcoin (BTC) acquisition, signaling renewed institutional confidence in the market. The ASX-listed crypto fund manager has expanded its Bitcoin treasury by a whopping 74.7 BTC, marking a significant addition to its already existing holdings.

DigitalX Buys 74.7 BTC

In a recent X social media post on July 23, DigitalX confirmed the addition of 74.7 BTC to its treasury. The acquisition, completed at an average price of $117,293 per BTC, reflects the company’s ongoing commitment to its Bitcoin-led strategy. This latest purchase has raised the crypto fund manager’s total Bitcoin holdings to 499.8 BTC, valued at approximately $91.3 million. 

Related Reading

Notably, the company also announced and expanded on the details of this large-scale Bitcoin purchase in an official statement on Investorhub. Of its total 499.8 BTC holdings, 306.8 BTC are held directly by DigitalX, while the remaining 193 coins are held indirectly through 881,000 units in its ASX-listed Bitcoin ETF, BTXX. 

The recent addition of 74.7 Bitcoin follows an earlier acquisition of 57.5 BTC disclosed by the company on July 18, 2025. These back-to-back purchases demonstrate a continued reallocation of DigitalX’s digital asset treasury toward Bitcoin. The firm’s total treasury, excluding cash, now exceeds $104.4 million.

As part of its long-term crypto strategy, DigitalX’s targeted portfolio adjustment reinforces its role as a leading institutional-grade Bitcoin investment vehicle on the Australian Securities Exchange. The crypto fund manager highlights its latest acquisition as a key step in its ongoing effort to establish Bitcoin as its core treasury reserve asset. 

Shareholder Focus Sharpens As Bitcoin Treasury Value Rises

According to its official statement, DigitalX’s strategy goes beyond simply growing its BTC reserve. It also aims to enhance shareholder value through consistent and transparent reporting. The crypto fund manager now tracks its Bitcoin holdings per share in Satoshis (Sats), the smallest unit of BTC. 

Related Reading

As of the latest update, DigitalX’s BTC per share stands at 33.88 Sats, marking a 58% increase in its Bitcoin treasury value since June 30, 2025. This figure reflects the impact of recent acquisitions and provides a somewhat measurable benchmark for investors assessing exposure to the company’s considerable portfolio. 

By prioritizing Bitcoin accumulation and optimizing its treasury structure, DigitalX continues to position itself as a prominent crypto-centric firm—one that views shareholder value as directly tied to the strength and growth of its BTC holdings. The company is also doubling down on its long-term vision of leveraging the flagship cryptocurrency as a strategic financial foundation. 

Leigh Travers, former CEO and present Non-Executive Chairman of DigitalX, reaffirmed the company’s commitment to its digital asset goals, stating that it aims to steadily grow its BTC portfolio throughout the year and well into the future.

Featured image from Pixabay, chart from Tradingview.com

Top stablecoin issuer Tether (USDT) is unveiling its investment branch’s portfolio, which includes over a hundred different companies in multiple sectors.

In a new thread on the social media platform X, Tether chief executive Paolo Ardoino says the investments were made with the company’s own profits and that he expects the portfolio to grow.

“Today Tether publishes (a portion) of its investment/venture portfolio. Overall Tether group invested in more than 120+ companies and this number is expected to grow significantly in the next months and years.

These investments have been made with Tether’s own profits ($13.7 billion in 2024), outside of USDT (and other stables) reserves and are part of Tether Investments arm.”

Some noteworthy companies Tether has invested into include the video sharing platform Rumble, brain-to-interface medical equipment firm Blackrock Neurotech, blockchain intelligence firm Crystal Intelligence, Bitcoin (BTC) treasury company Twenty One, various stablecoin-related businesses, and Juventus, one of the most popular and successful European soccer clubs in the world.

According to Tether Ventures, it is aiming to back firms that further decentralization and individual sovereignty.

“Our focus spans critical sectors including payment infrastructure, renewable energy, Bitcoin, agriculture, artificial intelligence, and tokenization. Our capital is not merely financial; it is a catalyst for change.

We back projects that reduce reliance on centralized systems, promote privacy, and empower individuals globally. Through strategic investments and partnerships, we are actively shaping a more resilient and equitable world.”

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