Join The Pool Party 🤿🏖️ + Tether Settles 🧑‍⚖️

Introducing our solution to obscene gas prices

Here are today’s trends to watch from Curve Market Cap

It’s a bull market for gas prices! Congrats to Eth miners, who are the new whales in the ecosystem.

DeFi activity continues when gas prices spike. Whales don’t particularly care, with $350MM in Curve volume over the last day. Sadly, it makes things difficult to impossible for retail users.

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Elsewhere, a source of much FUD evaporated, as Tether settled with the NY Attorney General’s office.

Bitfinex @bitfinex

Bitfinex & @Tether_to have reached a settlement with @NewYorkStateAG. After 2.5 years and 2.5M pages of info shared, we admit to no wrongdoing and will pay US$18.5M to resolve this matter. 1/3

Tether admitted no wrongdoing in the settlement.

"Contrary to online speculation, there was no finding that Tether ever issued tethers [USDT] without backing, or to manipulate crypto prices."

Jason Weinstein, Bitfinex/Tether counsel

Tether paid $18.5MM as part of the settlement, a relatively small amount relative to its nearly $35B market cap.

The Wolf Of All Streets @scottmelker

Now shut up about tether and let’s move on. 18.5m is nothing and they admitted no wrongdoing. Pure FUD after years of speculation.

theblockcrypto.comBitfinex, Tether settle with New York’s Attorney General for $18.5 millionCrypto firms Bitfinex and Tether have settled with the New York Attorney General’s office, ending a legal dispute that began in mid-2019.

Tether agreed to provide a public quarterly transparency report as part of the settlement. Will this end Tether concern trolling? Unfortunately, almost certainly not.

Alistair Milne @alistairmilne

Tether FUD was one of the longest-running and most persistent we've seen in the #Bitcoin industry so far After >2 years the NYAG found no evidence of unbacked printing nor price manipulation, because it didn't happen There will be more conspiracy theories in future, be ready

We can at least confidently say that the doomsayers predicting a mid-January market bloodbath were wrong… or at very least off by a month.

Alex Krüger @krugermacro

Tether and the NYAG settled. Consequences: just a fine. Exactly what I said one should expect. Tether is not bringing #bitcoin and all crypto markets down, as fudsters have insisted since 2017. Bullish 🚀

New York celebrated by doing what makes them happiest: escalating their war against innovation.

NY AG James @NewYorkStateAG

We're ending @bitfinex and @Tether_to's virtual currency trading in New York after the companies covered up about $850 million in losses around the globe and deceived the market by overstating reserves. Those trading virtual currencies in New York cannot avoid our laws, period.

Bitcoiners also called for further investigations

russ @RussellOkung

I’m amazed how the Federal government jumps in to audit Tether but won’t thoroughly audit the Federal Reserve. 🤔🤔🤔

Overall, despite the relatively bearish markets, bulls have been largely celebrating:

Adam Back @adam3us

a good day in #bitcoin. @Tether_to FUD dead, NYAG investigation resolved/closed, and BTC still on sale below $50k! a good day. @bitfinex onwards and upwards. congrats. @paoloardoino @bitcoinlawyer and team. UNUS SED LEO indeed.

Paolo Ardoino @paoloardoino

We won't ever forget people that supported @Tether_to and @bitfinex all along. Thanks guys ❤️

Tether price skyrocketed amidst the frenzy.

Riccardo Spagni @fluffypony

Tether pumping on the news

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For more info, check our live market data at https://curvemarketcap.com/ or our subscribe to our daily newsletter at https://curve.substack.com/. Newsletter is an independent roundup of interesting trends in cryptocurrency, never financial advice. Author stakes $CRV, owns no Tether