US prosecutors charged two men for allegedly running the crypto fraud scheme OmegaPro, which promised 300% returns to investors.

US charges 2 men over $650M OmegaPro crypto scam

Biosig Technologies and Streamex Exchange have secured up to $1.1 billion in 
financing to launch a gold-backed treasury strategy and expand real-world 
asset tokenization in the commodities sector. Nasdaq-Listed Biosig Eyes $16 
Trillion RWA Tokenization Market With Massive Gold Treasury Plan Biosig 
Technologies (Nasdaq: BSGM), following its merger with Streamex Exchange 
Corporation, has announced definitive […]

Biosig and Streamex Secure $1.1 Billion to Launch Gold-Backed RWA Tokenization Strategy

Emirates and Crypto.com will work together to introduce crypto payments and 
launch promotional campaigns to boost adoption.

Emirates airline signs MoU with Crypto.com to enable crypto payments

This content is provided by a sponsor. PRESS RELEASE. Cluj-Napoca, 9 July 
2025—Bitget, the world’s leading cryptocurrency exchange and Web3 company, is 
turning up the volume on its global expansion by partnering with UNTOLD—one of 
the top three music festivals in the world, as an official sponsor of UNTOLD X 
this August, with the partnership […]

Bitget Partners With UNTOLD Festival: Where Crypto Takes the Main Stage

Tether Holdings, the issuer of the market’s largest stablecoin, USDT, has 
revealed that it maintains a vault in Switzerland to safeguard an impressive 
$8 billion stockpile of gold. According to Bloomberg, the firm&#8217;s significant 
reserve of nearly 80 tons positions Tether as one of the largest gold holders 
globally, surpassed only by central banks and sovereign nations with the 
company based in El Salvador expressing intentions to expand its gold reserves 
further. Tether Reveals 5% Of Reserves In Precious Metals In a recent 
interview, Tether&#8217;s CEO, Paolo Ardoino, emphasized the security of their 
vault, claiming it to be among the most secure facilities worldwide. While he 
confirmed the vault’s location in Switzerland, he opted not to disclose its 
exact whereabouts, citing security concerns. Related Reading: PEPE Traders 
Spot Breakout Echo—Explosive Surge Back On The Table? Tether is best known for 
its stablecoin, USDT, which aims to maintain a one-to-one value with the US 
dollar. According to CoinMarketCap data, USDT dominates the stablecoin market 
with a capitalization of $158 billion. Circle’s USDC follows closely behind 
with a capitalization of $61 billion. However, both companies are expected to 
see a major surge in this metric as the recently approved US Senate stablecoin 
bill, the GENIUS Act, aims to provide issuers with a new regulatory framework 
that could further boost adoption and usage of the assets by traditional 
financial companies. The company also generates revenue by exchanging dollars 
for USDT tokens and investing the collateral in various assets, including US 
Treasuries. According to Tether&#8217;s latest financial report, precious metals now 
account for nearly 5% of the company’s reserves. Benefits Of The Gold-Backed 
XAUT Token In addition to USDT, Tether has introduced a gold-backed token 
known as XAUT, with each token representing one ounce of gold. Token holders 
have the option to redeem their XAUT for physical gold, which can be collected 
directly from the Swiss vault. Related Reading: Ethereum Sees $6 Billion In 
Tokenized Funds As Big Players Jump In Ardoino articulated a growing belief in 
gold as a safer asset compared to national currencies, particularly in light 
of rising concerns over the increasing debt levels in the United States. He 
noted that as these concerns grow, investors may seek alternatives, such as 
gold. The firm’s CEO further highlighted that every central bank within the 
BRICS nations is actively purchasing gold, which he believes has contributed 
to the rising price of the precious metal. Per the report, the decision to 
establish Tether&#8217;s own vault rather than relying on traditional precious 
metals vault operators was primarily influenced by cost considerations. As of 
press time, Circle’s newly launched stock, CRCL, has closed the trading day at 
$204, approximately a 31% gap between current valuations and their record 
price of $298. Featured image from DALL-E, chart from TradingView.com

Tether Secret Swiss Vault: The $8 Billion Gold Reserve Behind The Stablecoin

SOL price analysts believe in the altcoin’s potential to rally to new all-time 
highs as a spot Solana ETF is likely to be approved this year.