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Crypto Biz: Tether to track USDT usage, Cipher gets takeover offer, and more

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This week’s Crypto Biz also explores Tether’s new hiring, a takeover bid for Cipher, Grayscale new decentralized AI fund, Ether ETFs, and more.

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Coin Market

UAE-regulated stablecoins to develop AED-USD conversion rails for institutional settlement

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The framework will enable near-instant conversion between dirham- and dollar-denominated stablecoins under the United Arab Emirates’s regulated payment token system.

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Coin Market

Trump-linked American Bitcoin reports $82M Q1 loss, revenue miss

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Donald Trump’s sons’ company, American Bitcoin, missed analyst revenue estimates and posted narrower losses as it ramped up its mining capacity.

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Coin Market

Samourai Wallet co-founder appeals for donations to pay $2M legal fees

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Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill were sentenced to five and four years in prison, respectively, for their involvement in the crypto protocol.

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