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Vitalik dumps shitcoins before Fed confirms inflation not peaked

Fed chair Jerome Powell warned of more inflation pain but claimed that stablecoins will have a part to play in the financial system.

Exclusive: Tether whale Heka Funds manager explains 100% returns

Heka sub-fund Elysium Global Arbitrage Fund buys Tether from one exchange and sells it on another, taking the difference in the spread.

Sun’s TUSD has seen its market cap go from $750M to nearly $1.2B despite it not being able to get regular attestations from its auditor.

Malta-based Tether client and stablecoin whale Heka Funds regularly turns a profit and since inception has seen returns of 100%.

A Crypto.com spokesperson said that its decision on Tether was made “in accordance with instructions from the Ontario Securities Commission.”