News

According to a report by Bitcoin.com, Tether has filed a lawsuit in the São Paulo court in Brazil, demanding that Titan Holding repay a $300 million defaulted loan. The loan was issued by Tether Investments in March 2025, with a term of 12 months, originally set to mature on March 28, 2026, but has not been repaid. Tether has requested the court to freeze the bank accounts, financial investments, and other assets of the defendants, including Titan and Master Holding, and clarified that this loan is not part of the reserves backing USDT issuance, but rather is part of its lending portfolio. Titan Holding is a subsidiary of the Master group, whose owner, Daniel Vorcaro, was arrested on Thursday.

On May 9, according to CME's 'FedWatch' data, the probability of the Federal Reserve lowering interest rates by 25 basis points in June is currently reported at 5.9%, while the probability of maintaining rates unchanged is at 94.1%.

ChainCatcher news, according to a report by Bitcoin.com, the Venezuelan government has reiterated the nationwide ban on cryptocurrency mining in order to address the current energy crisis. The country's national power system peak demand has reached 15,579 megawatts, hitting a nine-year high, with officials attributing this surge to ongoing heatwaves and national economic growth. The statement emphasized that “digital mining is absolutely prohibited nationwide,” and violators will face legal sanctions. Authorities have established a monitoring plan to enforce this ban.