Gate Insights and Crypto Market Analysis

Gate Insights features in-depth crypto analysis, market trends, and long-form articles to help you understand key movements across the crypto industry.

Tether will end the gold stablecoin aUSDT; holders must redeem XAUT by September 17

On June 17, Tether issued an official announcement saying it will stop operating the Alloy by Tether platform and its gold-backed derivative stablecoin aUSDT. The product was launched in June 2024 and has been operating for about two years so far. Tether said that after evaluating user activity, market demand, and the company’s “broader priorities,” it decided to concentrate resources on product lines with stronger demand. Three-stage timeline for deactivating aUSDT According to Tether’s officia
XAUUSD-1.17%
XAUT-1.19%
MarketWhisper·06-18 05:27
Tether will end the gold stablecoin aUSDT; holders must redeem XAUT by September 17

HSBC Australia admits three breaches and faces an AU$35 million fine

The Australian Securities and Investments Commission (ASIC) announced on June 18 that it is seeking up to A$35 million in penalties over serious failings by HSBC (0005) Australia’s branch in anti-fraud protections. HSBC has fully admitted three major core violations, and by June had already paid A$21.5 million in compensation to affected customers, adding that it will maintain “constructive cooperation” with ASIC. ASIC Announces It Is Seeking a A$35 Million Penalty Against HSBC Australia Accordi
MarketWhisper·06-18 05:16
HSBC Australia admits three breaches and faces an AU$35 million fine

Lagarde is suspected of ordering Greece to reject MiCA license applications, and Binance has turned to France to seek authorization

The Block reporter Gareth Jenkinson, on June 18, cited sources on X saying that ECB President Christine Lagarde directly ordered Greece to reject Binance’s MiCA license application. The report says that before the intervention, Binance had essentially already obtained preliminary approval. Binance has now turned to France as the only remaining path to obtain MiCA authorization, but it has not yet officially submitted an application. Binance’s MiCA application timeline and why the June 30 deadlin
MarketWhisper·06-18 05:12
Lagarde is suspected of ordering Greece to reject MiCA license applications, and Binance has turned to France to seek authorization

ARK Invest Sells $26.7M Robinhood Shares Amid 36% Monthly Stock Surge

ARK Innovation ETF sold 275,572 shares of Robinhood Markets Inc. for $26,650,568 on Wednesday, according to a report from Investing.com. The sale followed recent divestments in the company amid profit-taking in the stock. HOOD shares rallied more than 36% in the last month, extending gains with a ne
HOOD-3.01%
SPCX2.46%
LucasBennett·06-18 04:56
ARK Invest Sells $26.7M Robinhood Shares Amid 36% Monthly Stock Surge