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This Week's Bitfinex-Tether Allegations Explained

A quick visual overview of New York's allegations against crypto companies Bitfinex and Tether.

Updated Sep 13, 2021, 9:06 a.m. Published Apr 27, 2019, 11:52 a.m.
bitfinex, tether

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Protocol Research: GoPlus Security

GP Basic Image

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

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Bitcoin's bearish turn deepens as 75 out of top 100 coins trade below key averages; Nasdaq resilient

Trading screen with price monitors and charts (Yashowardhan Singh/Unsplash)

Crypto's bear grip squeezes tighter as 75 of top 100 coins trade below 50- and 200-day SMAs.

What to know:

  • 75 of the top 100 coins trade below their 50-day and 200-day simple moving averages.
  • Major cryptocurrencies like bitcoin, ether, and solana are underperforming the key averages, denting risk sentiment.
  • Only eight of the top 100 coins are considered oversold, indicating that most coins may still have room to fall further.