Tether announced its assistance to US authorities in freezing and reissuing approximately $1.6 million in USDT, which is related to the Gaza BuyCash company and has been accused of terrorist financing. This action is part of a civil confiscation case involving approximately $2 million in digital assets by the US Department of Justice. Tether has stated that it has frozen over $2.9 billion in USDT, collaborated with 275 law enforcement agencies covering 59 jurisdictions, and pledged to continue supporting global law enforcement agencies in combating illegal activities.
BlockBeats News: On July 24th, London listed company Nativo Resources (LON: NTVO) announced today that it has adopted a digital asset fiscal policy that allows the gold focused mining company to allocate some of its free cash flow and future financing proceeds to hold Bitcoin. The company is preparing to restart its gold mining operations in the Tesoro (LON: 0JYA) gold mining concession area in Peru, and has stated that this policy will enable it to hold Bitcoin as a long-term fiscal reserve asset while meeting its operating capital needs.
According to a press conference statement, Nativo has partnered with Copper.co to provide institutional level custody services for its digital assets and expects to receive additional security services from Nemean Services. The board of directors of the company stated that they believe holding gold and Bitcoin can provide shareholders with diversified inflation hedging tools, pointing out that the fixed supply and decentralized characteristics of Bitcoin complement the traditional value storage characteristics of gold.
Nativo acknowledges that there are several risks associated with this policy, including potential fluctuations in stock prices, uncertainty in digital asset regulation, and security issues related to cryptocurrency custody.
According to a report by Golden Finance, NLNico has revealed that Nativo Resources has joined an increasing number of gold mining companies in adopting Bitcoin as their capital reserve strategy.
According to Lookonchain monitoring, a private equity investor named "PumpTop Fund 2" mistakenly recharged 2 billion PUMPs to Binance 8 days ago, with a price of $0.0064 at the time. Due to Binance not having launched spot trading for PUMP, these 2 billion PUMPs (worth $6.93 million today) were likely returned to him 23 hours ago. After receiving these 2 billion PUMPs, he immediately transferred them to Bybit. This operational error caused it to miss the best selling opportunity, and choosing the current selling may result in a loss of approximately $6 million.
