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$USDC USDT (Tether) — The Backbone of Crypto Stability
USDT is the world’s largest and most trusted stablecoin, designed to maintain a 1:1 peg with the US Dollar, giving traders a safe and stable asset even during high market volatility.
Key Details About USDT: USD-backed stablecoin – each USDT aims to be supported by reserves High Liquidity – one of the most traded assets in the entire crypto market Fast & Low-cost Transfers – supported across multiple blockchains like Tron, Ethereum, BNB Chain, Solana & more Perfect for Traders – ideal for hedging, taking profits, and avoiding market dips Widely Accepted – used in DeFi, exchanges, payments, and P2P transactions globally
USDT has become a core asset in crypto, powering seamless trading and offering stability in a rapidly changing market.
Learn something new every day to prevent blockchain fraud.
The cryptocurrency harvesting case on the Xinkangjia platform involved false packaging combined with a pyramid scheme, which in less than 8 months swindled 1.3 billion yuan from 2 million investors, and the process was highly deceptive:
Creating credibility through false packaging: The platform registered shell companies, forged authorization documents from the Dubai Gold and Commodities Exchange, and even hired extras to pose as overseas executives to hold offline summits, falsely claiming to be its Chinese branch. It also forged cooperation agreements with PetroChina, misused experts' images for recommendations, and even mimicked legitimate financial apps for the interface, connecting to fake blockchain browsers, misleading investors into thinking the project was legitimate. It also launched different investment packages, claiming an annualized return of over 365%, and even had promotions offering a Tesla for investments of 500,000 yuan to attract investors.
Pyramid scheme model for new recruit expansion: The platform set up a nine-level structure from "soldiers" to "commanders," with higher levels guaranteeing higher annual salaries, and "commanders" earning over 3 million yuan annually. Investors who brought in new members could receive direct push rewards, and teams could earn commissions based on their levels, with "commanders" enjoying passive income of 1% of the platform's total revenue. Additionally, the platform opened over 300 new recruitment studios nationwide, attracting middle-aged and elderly individuals with free rice, flour, and oil, and using offline brainwashing to complete new recruit expansion.
Mandatory USDT deposits hiding traps: Investors must exchange yuan for USDT to invest, in order to evade regulation. Only 5% of the platform's rebates are cash, while the remainder consists of platform points, and investors must recruit 3 people to register to activate withdrawals. Moreover, all transaction data are fabricated in the backend, making it impossible for investors to verify whether their assets truly exist.
Extracting the last value before collapsing and fleeing: In June 2025, the platform first closed the withdrawal channels, falsely claiming that accounts were frozen and requiring a 10% USDT recharge for tax payments, while also imposing a high withdrawal fee of 50%. Days later, the operator left provocative comments in the group, disbanded all investment groups, and shut down the app and official website. Subsequently, a core team of 23 escaped to a Southeast Asian country and used mixers, offshore accounts, and other channels to transfer funds, making it extremely difficult for investors to recover their assets.
$BTC $ETH #加密市场观察 #ETH走势分析 The Trump Effect" intensifies expectations for policy shifts Trump has openly pressured the Federal Reserve to cut interest rates, and this political factor has made the already strong expectations for rate cuts even more dramatic and irreversible. Regardless of the direct impact of his statements, this clearly conveys a signal: the political and social pressure for a shift towards accommodative monetary policy is unprecedentedly increasing. This pressure will further constrain the Federal Reserve, ensuring that once the rate-cutting cycle begins, it will not easily stop, providing the market with a longer-lasting and more stable expectation of easing. To cut or not to cut? yes/on
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