ChainCatcher news, Tether CEO Paolo Ardoino posted on the X platform stating that USDT is the most successful tool for dollar hegemony and emerging market distribution. Over the past decade, Tether has built the most extensive physical and digital distribution network, from thousands of self-service terminals in Africa and South America to digital remittance platforms, from payment backbones to institutional tools.Our team and portfolio companies work on the ground every day in countless regions of developing countries, helping communities increase the utilization, trust, and education level of USDT, thereby impacting the U.S. economy. This is how USDT currently helps over 400 million people and grows at a rate of 35 million new wallets per quarter, with a focus on developing countries, while strengthening the dollar and holding over $115 billion in U.S. Treasury bonds, making Tether the 18th largest holder of U.S. debt.While competitors' business models should focus on creating better products and larger distribution networks, their true intention is to "eliminate Tether." Every business or political meeting they hold has this goal as the ultimate aim. While this may seem exaggerated, it is the truth.For a competitor trying to use legal means to kill off rivals instead of focusing on better products, Tether will not sit idly by. Tether will not allow these attacks to succeed, nor can it permit such a situation to occur. Tether will steadfastly protect the hundreds of millions globally who have been left behind by the traditional financial system, helping them access dollars through USDT.

ChainCatcher message, previously there were rumors in the community that a certain cryptocurrency exchange was negotiating a sale. Binance co-founder He Yi posted on platform X, seemingly responding to the related news. She stated: "So the crisis public relations strategy of our competitors is to buy articles in bulk to create rumors about Binance to divert attention? Since the price of Bitcoin broke a new high, as a business model established by ecological verification, trading platforms, following the principle of leading investments, receive inquiries every month from institutions asking if Binance is open to investment and cooperation. We do not rule out the introduction of strategic partners and are open to mergers and acquisitions. If other trading platforms have sale plans, we welcome them to contact us."

ChainCatcher news, Tether CEO Paolo Ardoino stated on social media, "At the PlanB forum in El Salvador, I was asked this question: Are you worried about competitors to USDT? My answer: Many people do not realize that Tether has built one of the most extensive digital and physical distribution networks in human history over the past 10 years.While some competitors are raising funds from investors and increasing the market value of their stablecoins on their balance sheets by paying incentives to banks, Tether already has hundreds of thousands of partners, establishing service terminals in all developing countries, creating digital platforms with tens of millions of users and amazing technology. The scale of our network is what sets us apart.This is why USDT has been able to successfully empower 400 million users in emerging markets, enabling them to access the global financial system through the USDT stablecoin. There are still billions of people who cannot access basic financial services; these are good people who are simply overlooked by banks because they are too poor. We will continue to fulfill our mission to help them.And in the process, we are helping the U.S. economy by repurchasing hundreds of billions of U.S. Treasury bonds and strengthening the dollar's position as the most widely used fiat currency in the world. So no, I am not worried at all."

ChainCatcher news, according to The Hill, American billionaire Musk hinted in a social media post on December 6 local time that he would not use his growing influence in the Trump administration to harm or retaliate against industry competitors.It is reported that OpenAI CEO Altman and Amazon founder Bezos both expressed this week that they believe Musk will not abuse his relationship with the elected President Trump to strengthen his competitive position. Musk responded to related posts when he retweeted them on his social media platform X on the 6th, saying, "They are right."

ChainCatcher news, according to Jin10, renowned journalist Mark Gurman stated that the initial features of Apple Intelligence are not satisfactory, and more impressive features will be launched later.Compared to the latest products from Google, OpenAI, and Meta, Apple's artificial intelligence still lags far behind. Even some of Apple's internal research reflects this. The research found that OpenAI's ChatGPT is 25% more accurate than Apple's Siri and can answer 30% more questions.In fact, some people at Apple believe that, at least so far, its generative artificial intelligence technology is more than two years behind the industry leaders.

ChainCatcher news, according to the latest report from CCData, Binance's market share has fallen to 36.6%, marking a four-year low. The decline in Binance's market share is mainly influenced by two factors: first, the increasing scrutiny from global regulators on Binance; second, the rapid rise of competitors.Since March 2024, Binance's market share has been continuously declining. Earlier this year, Binance's market share was as high as 42.7%, significantly decreasing within a few months. Additionally, Binance's spot trading market share has dropped to 27%, the lowest point since January 2021.Over the past year, Binance has faced significant regulatory challenges. In 2024, Binance reached a settlement with the U.S. Department of Justice for violating sanctions, paying a fine of $4 billion. Subsequently, Binance co-founder and former CEO Changpeng Zhao resigned due to legal issues and was sentenced to four months in prison.

ChainCatcher news, according to The Block, BlackRock's head of digital assets Robert Mitchnick stated at the Bitcoin 2024 conference that despite the launch of a spot Ethereum ETF this week, it is unlikely that funds tracking other crypto assets will emerge.He believes that Bitcoin and Ethereum are not competitors, but rather complementary. Bitcoin serves as a global currency alternative, while Ethereum is a technological platform.Mitchnick pointed out that although there are currently no completely clear regulatory guidelines, the SEC has explicitly stated that it will not approve spot Ethereum ETFs with staking components. Mitchnick believes that crypto assets as a category will not disappear and there will be more opportunities to enter the market. For example, competitor VanEck is the first company to apply for a Solana ETF, but experts believe the chances of that ETF being approved are slim.

ChainCatcher news, according to Bloomberg, as retail investors' interest in digital assets cools, Robinhood Markets Inc.'s cryptocurrency trading volume dropped by more than half in April, exceeding the decline of competing exchanges.In an operational report on Wednesday, Robinhood stated that last month's nominal cryptocurrency trading volume was $10.1 billion, a 57% decrease from March's trading volume of $23.6 billion. However, it still represents a 173% increase compared to the same period last year. Additionally, the average daily revenue trading volume (which indicates the number of trades that generate commissions each day) for the stock trading platform fell by 43%, to about 400,000 trades.This decline is more pronounced than that of other cryptocurrency exchanges. Data from research firm CCData shows that the spot trading volume of centralized exchanges such as Coinbase, Binance, and Kraken (excluding Robinhood) plummeted by 32.6% last month, to $2 trillion. This marks the first decline in seven months, as investor demand for crypto assets was affected by Bitcoin's retreat from its historical high in March.

ChainCatcher news, the new CEO of the Hong Kong Stock Exchange Group, Charles Li, stated in an interview with the Shanghai Securities Journal that the competitors of the Hong Kong Stock Exchange come not only from other securities market exchanges but also from outside the industry, such as virtual asset exchanges. Customer demand is evolving, and technological innovation is rapid. The Hong Kong Stock Exchange must maintain a balance between daring to innovate and business stability, continuously expanding its resources for listed companies and enhancing market services.

ChainCatcher news, Arkham posted on the X platform stating that two competitors are spreading rumors about ARKM token transfers in an attempt to create FUD (but did not disclose the names of these two competitors). Arkham clarified that the related ARKM token transfers, like all previously conducted ARKM transfers, are based on the token economics released here to unlock the tokens, and both transfers involve unlocked tokens:20 million ARKM transferred from the foundation treasury to a separate wallet, which has been approved in a recent Arkham governance proposal;5 million ARKM from the ecosystem fund, these tokens are unlocked according to the released token economics, and the ecosystem fund currently holds 260 million ARKM.

ChainCatcher news, Solana Labs co-founder toly (Anatoly Yakovenko) posted on the X platform, stating that cryptocurrency is not competing with a low-margin financial system established before the advent of the internet, but rather competing with the Web2 monopolistic companies that have emerged in the past 20 years.

ChainCatcher news, according to Forbes, Coinbase CEO Brian Armstrong revealed that lawmakers in the U.S. and around the world are discussing the long-awaited regulation of the cryptocurrency industry, which will help them overcome smaller competitors, while also stating that Coinbase, whose stock price has fallen by 80%, is severely undervalued.Brian Armstrong stated, "I’m glad to be listed on Nasdaq, and Coinbase is helping the market better understand the cryptocurrency cycle. Because this is somewhat like our company’s history, Coinbase doesn’t mind being misunderstood or questioned for a few years; what we value is the long term." (Source link)

ChainCatcher news, BitMEX founder Arthur Hayes expressed his high hopes for Ethereum, stating that competitors like Solana will not defeat it. "The Ethereum ecosystem is more important than transaction volume per second or lower Gas fees. Ethereum has thousands of developers, while others have at most a few hundred, and that is what matters most." (source link)