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There is a reason this one is worth separating from the usual market noise. Tether Freezes USDT in 131 TRON Wallets Under Updated OFAC Sanctions gives NewsBTC readers a clean angle on Stablecoins at a point where the market is trying to separate durable signals from short-lived noise. According to the source material reviewed for this report, the story turns on a few concrete details rather than vague sentiment. That matters because crypto headlines can move quickly, but the pieces that tend to last are the ones backed by filings, official releases, data dashboards, or protocol-level records. TL;DR Tether froze all USDT held across 131 wallets on the TRON network. The freeze was implemented in coordination with updated U.S. OFAC designations targeting a crypto-funding network linked to ISIS-K. The action represents Tether's ongoing efforts to adhere to international compliance and enforcement standards. The Bigger Picture The immediate relevance is that this development fits into one of the market’s main themes for the day: institutional positioning, network usage, regulatory pressure, protocol development, or asset-specific rotation. In this case, the key topic is Stablecoins , which is why it deserves a dedicated read rather than being buried inside a broader market recap. For traders, the useful part is not simply that the headline exists. It is the way the facts line up with the current market backdrop. When official sources, market data, or protocol records show a fresh shift, readers get a better sense of whether the move is just a one-day reaction or part of something more structural. What The Source Material Shows The core source for this story is ofac.treasury.gov with supporting data from chainalysis.com . That source trail is important because the final article should not rely on discovery-only media links or second-hand summaries. Tether froze all USDT held across 131 wallets on the TRON network. The freeze was implemented in coordination with updated U.S. OFAC designations targeting a crypto-funding network linked to ISIS-K. The action represents Tether's ongoing efforts to adhere to international compliance and enforcement standards. The numerical claims in the pack were tied back to specific source material before writing. '131 TRON wallets' sourced from U.S. Treasury OFAC SDN List Update published July 1, 2026; '134 addresses' sourced from U.S. Treasury OFAC SDN List Update total identifier count; '3 Monero addresses' sourced from U.S. Treasury OFAC SDN List Update privacy coins count Where The Story Goes Next The caution is just as important as the headline. Do not claim that TRON itself is sanctioned; only these specific address IDs are blocked. That means the cleaner read is to treat this as a confirmed development with a defined scope, not as proof of a guaranteed price move or a sweeping market shift. In crypto, the difference matters. A verified data point can strengthen a thesis, but it does not remove execution risk, liquidity risk, regulatory uncertainty, or the possibility that traders fade the initial reaction. For now, the story gives the market another piece of evidence to weigh. If follow-up filings, dashboard updates, protocol records, or official statements confirm further momentum, the angle can develop into something larger. If not, it still stands as a useful snapshot of where activity is concentrating today. This report is based on information from ofac.treasury.gov and chainalysis.com . This article was written by the News Desk and edited by Samuel Rae . Source: OFAC

Three crypto projects hit by separate exploits this year are choosing different methods of moving forward, and users are currently caught in the crossfire, facing uneven odds of getting their money back. Reflect, following its exposure to the Drift Protocol exploit, opened a recovery program for its USDC+ holders on July 2, one day after Drift completed a rebrand to Velocity DEX. Coincidentally, Humanity Protocol also pivoted toward enterprise AI after suffering its own $36 million theft. Reflect picks up the pieces Reflect, a stablecoin yield protocol backed by the venture firm a16z, launched a voluntary recovery plan for USDC+ holders on July 2. The recovery plan was created for users affected by the April Drift hack, but the connection is indirect. Reflect had integrated with Drift’s smart contracts to generate yield for its USDC+ product. So when Drift was exploited, funds backing those positions were frozen or drained, leaving Reflect’s users unable to access their money. Reflect said in a June 19 post that it had “been aware of this and positioned for it ahead of the announcement.” The project told beta-USDC+ users that their DFX allocation sits at the program level rather than in individual wallets, so rather than requiring each user to file separately, the recovery can be processed by centralizing claims. The program gives users 180 days to sell their positions to Palindrome Engineering. Holders can receive 0.20 USDC plus 80 Reflect Credits for each unit they hold, but must give up any claims against Drift if they accept the offer. The program is already funded and operates separately from Drift’s own recovery process. Cryptopolitan reported that Drift Protocol rebranded to Velocity DEX after losing over $280 million in an April 1 hack linked to North Korea’s Lazarus Group. Now it operates a token-based compensation system for its affected users. Each wallet received recovery tokens pegged to $1 of verified loss, but those tokens become redeemable only after a recovery pool crosses the $5 million threshold. The pool was launched with $3.8 million already in it from remaining assets. It is expected to grow through quarterly revenue, Tether’s $127.5 million credit line, and up to $20 million from strategic partners. Users who cash out from the pool early receive a pro-rata share of whatever the pool holds at that moment and forfeit the rest of their claim. The platform is also replacing Circle’s USDC with Tether’s USDT as its primary stablecoin. Humanity moves on from its own hack Humanity Protocol, a decentralized identity project backed by $50 million in venture funding from Pantera Capital and Animoca Brands, lost $36 million in a June 9 hack . The breach started with a phishing email that compromised a developer’s laptop, exposing private keys tied to a Humanity Foundation member. The attackers drained roughly 141 million H tokens and minted an additional 100 to 200 million on the BNB Chain. The H token fell from around $0.68 to under $0.08, erasing more than $1 billion in market capitalization. H currently trades near $0.07 with a market cap of roughly $217 million. The project is issuing a new audited ERC-20 token under the same H ticker. Existing holders will receive an airdrop intended to partially restore their holdings. How likely are the victims of hacked exchanges to recover stolen funds? Of the three projects, users with direct exposure to Reflect can be the most optimistic, as the project is offering a clear but partial payout within a set timeframe. The 180-day window gives users a firm deadline to decide whether to accept the offer or pursue other recovery options. Velocity DEX’s redemption system with a minimum pool threshold and early-exit penalties is well structured, but the DRIFT governance token trades near $0.017, close to its all-time low, raising concerns about how long the pool will need to reach the necessary $5 million threshold. Humanity Protocol took the most pessimistic stance, with its founder Terence Kwok saying that recovery of the stolen funds is unlikely. He compared the situation to Bybit’s difficulty recovering its own losses. Regardless, Kwok contacted law enforcement in Hong Kong and the U.S. regarding the theft. If you're reading this, you’re already ahead. Stay there with our newsletter .

🚀 Crypto card investments just smashed through the $10 billion mark! 💡 The adoption rate jumped by 250 percent annually in recent months. 🌎 Massive surge in global $USDT stablecoin payments is driving the trend. 📊 Crypto cards are quickly entering the financial mainstream worldwide. Continue Reading: Crypto card investments have soared past $10 billion with 250 percent annual growth! What is behind this explosive rise? The post Crypto card investments have soared past $10 billion with 250 percent annual growth! What is behind this explosive rise? appeared first on COINTURK NEWS .

XRP continues to consolidate in a narrow range on both USDT and Bitcoin-paired charts, with the broader trend still favoring the sellers. However, the latest technical signals suggest downside momentum may be fading as the market defends key support while early signs of bullish divergence begin to emerge. Ripple Price Analysis: The USDT Pair Against USDT, XRP remains confined within a well-defined descending channel, with the price trading below the 100-day and 200-day moving averages. This keeps the higher time frame structure bearish despite the recent stabilization. The asset is currently holding around the $1.08 support area, which also coincides with a major horizontal demand zone. After the sharp sell-off in June, sellers have so far failed to extend the decline, allowing XRP to build a short-term base above support. The RSI has formed a clear bullish divergence, printing higher lows while the price registered lower lows. This typically signals weakening bearish momentum and raises the probability of a relief rally if buyers manage to reclaim higher levels. The first resistance lies around the $1.15 supply zone, while stronger resistance remains near the 100-day moving average around the $1.25 region. A recovery above these levels would improve the broader outlook, whereas losing the $1 support could expose the lower boundary of the channel near $0.80. Source: TradingView The BTC Pair Against Bitcoin, XRP is also trading inside a long-term descending channel, reflecting persistent relative weakness. The pair remains below the major moving averages, indicating that the broader trend has yet to shift in favor of XRP. Recently, XRP briefly broke below the key 1,700 sats low before quickly reclaiming it, creating what appears to be a fake breakdown. This rejection below support suggests sellers failed to maintain control and may have triggered a liquidity sweep before the price recovered back into the previous range. Despite the recovery, the pair still faces immediate resistance around 1,850 sats, with a stronger supply zone located near 2,000 sats, where horizontal resistance converges with the declining 200-day moving average. A decisive move above these levels would strengthen the case for a broader recovery toward the upper boundary of the channel. As long as XRP holds above 1,700 sats, the fake breakout scenario remains valid and could support additional upside. However, a confirmed daily close below this level would invalidate the bullish setup and likely open the door for another leg lower toward the critical 1,500 sats support area. Source: TradingView The post Ripple Price Analysis: Bullish Divergence Emerges as XRP Defends $1 Support Zone appeared first on CryptoPotato .

TRON News Stablecoin issuer Tether froze funds across all 131 sanctioned Tron (TRX) wallets on July 1, after the US Treasury's Office of Foreign Assets Control added the addresses to its updated IS...

Centralized crypto lending loan books fell 6% in Q1 2026 to $23.3 billion, marking the sector’s first quarterly contraction since Q3 2024. Tether remains dominant, but Maple, Nexo and Coinbase gained share as Galaxy and Ledn saw the steepest pullbacks. CeFi Crypto Lending Falls 6% as Maple, Nexo and Coinbase Gain Market Share Centralized finance

🚨 Tether froze USDT in 131 TRON wallets tied to ISIS K after the updated OFAC sanctions list. 🔒 Over $1.4 million had flowed into these wallets and $880,000 was transferred out since 2023. 🛡️ OFAC’s crackdown shows stricter controls on illegal crypto use, and compliance moves in $USDT are speeding up. Continue Reading: Tether froze USDT in 131 TRON wallets linked to ISIS K after updated US sanctions The post Tether froze USDT in 131 TRON wallets linked to ISIS K after updated US sanctions appeared first on COINTURK NEWS .

TRON recorded its highest-ever network transaction throughput and active user levels in June 2026, reinforcing its position as one of crypto’s busiest stablecoin settlement networks. The chain’s activity follows a strong Q1 period in which TRON reportedly settled $1.96 trillion in stablecoin transfers. TL;DR TRON reportedly hit record transaction throughput and active user levels in June. The network settled $1.96 trillion in stablecoin volume during Q1 2026. Most of the activity is tied to stablecoin transfers, especially USDT. The data should be framed as settlement strength, not broad dApp dominance. TRON has carved out a very specific role in crypto. It may not always dominate developer conversation in the way Ethereum or Solana do, but it remains deeply important in stablecoin payments and transfers. For many users, especially outside the US, TRON-based USDT is a practical tool for moving dollar value quickly and cheaply. Stablecoins are the real TRON story The record activity should be understood through that lens. TRON’s transaction metrics are heavily concentrated in stablecoin settlement rather than a broad mix of DeFi experiments, NFT activity, gaming, or complex smart contract usage. That is not necessarily a weakness. It just means TRON’s strength is more payment-like than app-like. For users who need to move USDT, the chain offers low-cost settlement and wide exchange support. That has helped TRON become a default rail for stablecoin movement in many markets. The result is high throughput that looks less like speculative experimentation and more like recurring payment infrastructure. Why the numbers matter A $1.96 trillion stablecoin settlement period is difficult to ignore. Even if some activity comes from exchanges, market makers, and large wallets, the scale shows that TRON is embedded in crypto’s dollar-transfer plumbing. Stablecoins are now one of the most used parts of blockchain finance, and TRON is one of their main highways. That also makes TRON a useful reminder that crypto adoption does not always look like the newest app or most fashionable chain. Sometimes it looks like users repeatedly choosing the same network because it is cheap, available, and familiar. The caveat: activity quality Record activity can sound automatically bullish, but the quality of the activity matters. Stablecoin transfers are valuable, but they do not always create the same economic flywheel as a diverse dApp ecosystem. TRON’s challenge is to show that its network activity can translate into broader ecosystem value, not just large transfer totals. For now, the clean conclusion is that TRON remains a dominant settlement layer for stablecoins. That may not be the flashiest crypto story, but it is one of the clearest signs of real utility in the market. For readers, altcoin network data is most useful when it explains what people are actually doing on-chain . High activity can be meaningful, but the quality of that activity matters just as much as the raw totals shown on a dashboard. This report is based on information from TRONSCAN . This article was written by the News Desk and edited by Samuel Rae . Source: TRONSCAN

Drift Protocol has announced that it is rebranding to Velocity DEX as part of its relaunch effort after the Solana-based perpetual futures exchange lost over $280 million in an April 1 exploit attributed to North Korea’s Lazarus Group. The company’s rebranding is backed by a $127.5 million credit line from Tether . As part of the agreement, USDT will be replacing USDC on the platform. Drift Protocol is rebranding to Velocity Dex Drift Protocol announced a rebrand on X using the project’s official account, which now operates under the handle @VelocityDEX. “Our new name reflects the new and improved platform that we are building,” the team wrote. Drift’s original platform has been offline since April 1, when attackers compromised its multisig wallets and drained assets across 31 transactions in roughly 12 minutes. Blockchain investigator ZachXBT and security firms Elliptic and TRM Labs linked the attack to the Lazarus Group, the same North Korean cyber unit behind the $1.4 billion Bybit hack. Eleven DeFi protocols that used Drift for yield or vault strategies had funds stolen or frozen, including Pyra, which lost all its deposited funds, and DeFi Carrot, which saw half its TVL wiped out. The company struck a deal with Tether, which was announced in April, and commits approximately $127.5 million to support the relaunch. As part of the agreement, the exchange is switching its core stablecoin from Circle’s USDC to Tether’s USDT, a move that affects its 128,000 users and more than 35 ecosystem teams, according to Cryptopolitan’s earlier coverage of the deal. One of the first to defend the rebrand after users began criticizing it, a Velocity DEX protocol engineer, who operates the @redacted_noah handle, stated that the Tether deal is not a bailout. According to the handle, “Tether wants a top perp exchange running on USDT,” but stopped short of going into detail because, by his own admission, he didn’t “know the actual terms of the deal.“ Can users still expect to be compensated? Recovery for affected users runs through a token-based compensation system. Each impacted wallet received recovery tokens representing $1 of verified loss. Users can only cash in their tokens when the recovery pool reaches $5 million. The pool started with $3.8 million from what was left of the protocol’s assets. The pool is expected to grow through quarterly exchange revenue, the Tether commitment, and up to $20 million from strategic partners. Users who redeem early receive only a pro-rata share of whatever the pool holds at that point and forfeit their remaining claim. That structure has drawn sharp criticism, with one user calling a related DAO vote on reallocating Insurance Fund assets “effectively an attempt at money laundering.” Data from DefiLlama shows Drift’s total value is locked at approximately $217 million, down from over $550 million before the exploit. The DRIFT token trades near $0.017, close to its all-time low. Perp volume and DEX volume have both been at zero since the platform went offline, but the company’s annualized fee revenue sits at roughly $35 million based on prior activity. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .