BUSINESSR/CRYPTOCURRENCY
Tether froze $344M for Iran sanctions and nobody’s talking about what that means
Tether froze $344 million in USDT linked to Iran sanctions, highlighting stablecoins' role in enforcement. Crypto faced $606 million in hacks in April, with Drift Protocol and KelpDAO (both tied to Lazarus) accounting for 95% of losses. Institutional players like Grayscale and Bitmine staked $500 million in ETH.
Mentioned