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Tether Secures Tether.ai Domain for Future Developments
February 15, 2025
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The rationale for this article's publication is unrelated to Tether's recent acquisition of the Tether.ai domain, despite its noteworthy nature. As a stablecoin, Tether (USDT) maintains a consistent value of $1, rendering investment based on domain name purchases illogical. This article exemplifies how media outlets may fabricate narratives to explain token movements. Such practices are commonplace, which is why I seldom share articles concerning token prices.

 

News agencies often create speculative stories to rationalize market fluctuations, potentially misleading investors. This approach to reporting can:

  • Overemphasize minor events

  • Misattribute causality to unrelated factors

  • Create artificial hype or concern

It's crucial for investors to critically evaluate cryptocurrency news and focus on fundamental factors rather than sensationalized headlines.

~Namasté 🙏 The Dinarian

 

According to Paolo Ardoino, Tether has successfully acquired the tether.ai domain, which could potentially be used for future developments in AI and blockchain integration. This acquisition might indicate Tether's interest in expanding its technological innovations, which could influence its market positioning and attract investor interest in the AI and blockchain sectors.

On February 15, 2025, Paolo Ardoino, the CTO of Tether, announced the acquisition of the tether.ai domain, signaling Tether's expansion into AI technologies. This event occurred at 10:30 AM UTC, and it was immediately reflected in market movements. Tether's stablecoin, USDT, experienced a slight uptick in trading volume, with an increase of 2.3% to 45.7 billion USDT traded within the hour following the announcement. The price of USDT remained stable at $1.00, as expected for a stablecoin, but the announcement sparked interest in related AI tokens, such as SingularityNET (AGIX), which saw a 5.2% price increase to $0.87 within the same timeframe. The trading pair USDT/BTC saw a volume surge of 1.5% to 12,500 BTC traded, while the ETH/USDT pair saw a volume increase of 1.8% to 23,000 ETH traded. On-chain metrics showed an increase in the number of active addresses for USDT by 3.5%, from 1.4 million to 1.45 million addresses, indicating heightened interest and engagement following the AI domain acquisition.

The acquisition of the tether.ai domain has significant implications for the trading landscape, particularly for AI-related tokens and the broader cryptocurrency market. Following the announcement, the total market capitalization of AI tokens rose by 3.7% to $14.2 billion. This surge was driven by increased investor interest in the potential synergies between Tether's stablecoin infrastructure and AI technologies. The trading volume of AI tokens such as Fetch.ai (FET) and Ocean Protocol (OCEAN) also saw significant increases, with FET volume rising by 6.1% to 15 million FET traded, and OCEAN volume increasing by 4.9% to 2.5 million OCEAN traded. The correlation between the announcement and the performance of major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) was also notable, with BTC experiencing a 0.5% increase to $45,000 and ETH rising by 0.7% to $3,200. This suggests a positive market sentiment towards the integration of AI and blockchain technologies, potentially opening up new trading opportunities in the AI/crypto crossover space.

Technical indicators and volume data further illustrate the market's response to the tether.ai domain acquisition. The Relative Strength Index (RSI) for USDT remained at a stable 50, indicating no overbought or oversold conditions, while the RSI for AGIX rose from 60 to 68, suggesting it was entering overbought territory. The Moving Average Convergence Divergence (MACD) for USDT showed a slight bullish crossover, with the MACD line crossing above the signal line, while AGIX's MACD also indicated a bullish trend with a larger crossover. The trading volume for USDT on major exchanges like Binance and Coinbase increased by 2.7% to 50 billion USDT and 1.9% to 10 billion USDT, respectively, within the two hours following the announcement. On-chain metrics also showed a significant increase in the number of new USDT transactions, rising by 4.2% to 2.5 million transactions, further indicating heightened activity and interest in the stablecoin following the AI domain acquisition. The correlation between Tether's move into AI and the performance of AI tokens highlights the potential for further growth and trading opportunities in this sector.

The acquisition of the tether.ai domain by Tether has a direct impact on AI-related tokens, as evidenced by the immediate price and volume increases in tokens like AGIX, FET, and OCEAN. This event also correlates with movements in major cryptocurrencies like BTC and ETH, suggesting a broader market sentiment shift towards AI integration in the crypto space. The increased trading volumes and positive technical indicators for AI tokens provide clear trading opportunities for investors looking to capitalize on the AI/crypto crossover. Additionally, the rise in on-chain metrics for USDT indicates a growing interest in stablecoins as a foundation for AI-driven financial applications. As Tether continues to develop its AI initiatives, the market is likely to see further fluctuations and trading opportunities in AI-related tokens, making it essential for traders to monitor these developments closely.

 

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​WATCH: A live demonstration of a truly decentralized, peer-to-peer crypto trade.

We've bonded physical silver to NFTs on @base, creating a new asset class for a censorship-resistant, digital bartering economy.

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OP: https://x.com/ReggieMiddleton/status/1970275265340117235

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“For too long, the SEC and the CFTC have operated in parallel lanes, too often in conflict with each other…we are charting a new course.”

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SWIFT has chosen to work with Consensys on a prototype for its groundbreaking blockchain-based ledger, aiming to bring its hallmark security, resiliency, and scalability to the world of tokenized digital finance. This marks a pivotal step in extending SWIFT’s trusted platform into a new era of 24/7, instant cross-border payments and digital asset settlement.

🔑 Key Points:

🔹 Project Launch: SWIFT and Consensys are collaborating on a conceptual prototype for a shared blockchain ledger designed to facilitate secure, real-time transactions between financial institutions. The initiative will start with a focus on regulated tokenized value and real-time global payments, leveraging SWIFT's robust reputation in global finance.

🔹 Bank Consortium: More than 30 leading banks—including JPMorgan, Bank of America, HSBC, and Deutsche Bank—are actively involved in the design and pilot phase, ensuring the new system meets compliance and ...

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🚨 SWIFT PARTNERS WITH CONSENSYS ON BLOCKCHAIN LEDGER 🚨

SWIFT has chosen to work with Consensys on a prototype for its groundbreaking blockchain-based ledger, aiming to bring its hallmark security, resiliency, and scalability to the world of tokenized digital finance. This marks a pivotal step in extending SWIFT’s trusted platform into a new era of 24/7, instant cross-border payments and digital asset settlement.

🔑 Key Points:

🔹 Project Launch: SWIFT and Consensys are collaborating on a conceptual prototype for a shared blockchain ledger designed to facilitate secure, real-time transactions between financial institutions. The initiative will start with a focus on regulated tokenized value and real-time global payments, leveraging SWIFT's robust reputation in global finance.

🔹 Bank Consortium: More than 30 leading banks—including JPMorgan, Bank of America, HSBC, and Deutsche Bank—are actively involved in the design and pilot phase, ensuring the new system meets compliance and ...

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

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The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

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Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

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US Dept of Commerce to publish GDP data on blockchain

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While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

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List Of Cardano Wallets

Well-known and actively maintained wallets supporting the Cardano Blockchain are EternlTyphonVesprYoroiLaceADAliteNuFiDaedalusGeroLodeWalletCoin WalletADAWalletAtomicGem WalletTrust and Exodus.

Note that in case of issues, usually only queries relating to official wallets can be answered in Cardano groups across telegram/forum. You may need to consult with specific wallet support teams for third party wallets.

Tips

  • Its is important to ensure that you're in sole control of your wallet keys, and that the keys used can be restored via alternate wallet providers if a particular one is non-functional. Hence, put extra attention to Non-Custodial and Compatibility fields.
  • The score column below is strictly a count of checks against each feature listed, the impact of specific feature (and thus, score) is up to reader's descretion.
  • The table represents current state on mainnet network, any future roadmap activities are out-of-scope.
  • Info on individual fields can be found towards the end of the page.
  • Any field that shows partial support (eg: open-source field) does not score the point for that field.

Brief info on fields above

  • Non-Custodial: are wallets where payment as well as stake keys are not shared/reused by wallet provider, and funds can be transparently verified on explorer
  • Compatibility: If the wallet mnemonics/keys can easily (for non-technical user) be used outside of specific wallet provider in major other wallets
  • Stake Control: Freedom to elect stake pool for user to delegate to (in user-friendly way)
  • Transparent Support: Easy approachability of a public interactive - eg: discord/telegram - group (with non-anonymous users) who can help out with support. Twitter/Email supports do not count for a check
  • Voting: Ability to participate in Catalyst voting process
  • Hardware Wallet: Integration with atleast Ledger Nano device
  • Native Assets: Ability to view native assets that belong to wallet
  • dApp Integration: Ability to interact with dApps
  • Stability: represents whether there have been large number of users reporting missing tokens/balance due to wallet backend being out of sync
  • Testnets Support: Ability to easily (for end-user) open wallets in atleast one of the cardano testnet networks
  • Custom Backend Support: Ability to elect a custom backend URL for selecting alternate way to submit transactions transactions created on client machines
  • Single/Multi Address Mode: Ability to use/import Single as well as Multiple Address modes for a wallet
  • Mobile App: Availability on atleast one of the popular mobile platforms
  • Desktop (app,extension,web): Ways to open wallet app on desktop PCs
  • Open Source: Whether the complete wallet (all components) are open source and can be run independently.

Source

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XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

 

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