Follow real-time updates and key trends shaping the crypto market today, on Sept. 24.
Tether is considering a private funding round targeting a select group of high-profile investors to significantly expand its operations across existing and new business lines.
The stablecoin issuer aims to raise $15–$20 billion for roughly a 3% stake. This would value Tether at approximately $500 billion, which could place it alongside tech giants like OpenAI and SpaceX, and far ahead of its closest competitor, Circle, which is valued at around $30 billion.
Data from SoSoValue shows that US spot Bitcoin ETFs saw $103.61 million in net outflows on Tuesday, Sept. 23. This marks a second straight day of withdrawals and brings the two-day total to nearly $467 million.
Fidelity’s FBTC accounted for the bulk of the losses with $75.56 million in redemptions, followed by $27.85 million from ARK 21Shares’ ARKB and $12.76 million from Bitwise’s BITB.
Kraken co-CEO Arjun Sethi has announced a $1 million donation to the Digital Freedom Fund PAC, as well as an increase of the company’s commitment to America First Digital to $1 million.
Earlier, the Winklevoss twins contributed more than $21 million in Bitcoin to help launch the openly pro-Republican Digital Freedom Fund PAC.
Bitcoin (BTC) is trading below $113,000 early today, on Sept. 24.
Major altcoins such as Ethereum (ETH), Solana (SOL), XRP (XRP), and Litecoin (LTC) also posted minor losses, with the Market Fear & Greed Index at 39 (Fear), according to CoinMarketCap.
ASTER led the gains, surging nearly 27% in 24 hours. Meanwhile, 0G, which was yesterday’s top performer, turned into the biggest loser with an 11% daily decline.
