**📊 Crypto Market Update: Key News to Know Today**
🟡 **Tether doubles down on gold**
Tether has invested **US$150 million** in **Gold.com**, acquiring a **~12% stake**. The move strengthens its gold strategy by integrating its gold-backed token **XAU₮** with a large physical gold platform.
XAU₮ is **1:1 backed by physical gold** (≈140 tons), and Tether says the gold-backed stablecoin market has grown to **US$5.5B**, with XAU₮ holding **60%+ share** 🏅.
📉 **Altcoin price update**
* **XRP ($XRP ):** US$1.41 (**-3.5%**)
* **Solana ($SOL ):** US$84.50 (**-3.9%**)
🔻 **Bitcoin dips below key level**
Bitcoin broke below **US$70,000**, falling as low as **~US$60,300** before stabilizing near **US$65,000**.
The **Fear & Greed Index dropped to 9**, signaling extreme fear 😨, while liquidations and defensive positioning increased.
🇰🇷 **South Korea tightens crypto oversight**
Regulators stepped up scrutiny after **Bithumb’s BTC distribution error**, which caused panic selling and a **30% price gap** versus global markets. Nearly all mistakenly distributed BTC has now been recovered. Authorities plan **tougher penalties** for IT failures and stronger real-time monitoring 🛡️.
🇺🇸 **FDIC settles crypto ‘pause letters’ case**
The **FDIC agreed to pay US$188,440** and release crypto-related “pause letters,” ending a FOIA lawsuit linked to alleged debanking practices. Coinbase called it proof of coordinated pressure on banks 📄.
⚡ *Markets remain volatile — risk management is key.*
