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BitMEX co-founder expects $BTC to hit $110K before retesting $76.5K Arthur Hayes, co-founder of the BitMEX crypto exchange, forecasted via X that Bitcoin (BTC) is likely to tap $110,000 before retesting $76,500. U.S. Federal Reserve (Fed) Chairman Jerome Powell noted that the

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Tether is reportedly looking to tap a Big Four auditor for its U.S. dollar pegged stablecoin’s reserves. According to Paolo Ardoino, the chief executive officer of Tether, the company is “engaging” one of the top accounting firm in the world with a view to getting its Tether ( USDT ) reserves audited. Reuters highlighted this development in a report published on Friday, March 21, 2025. Per the report, Ardoino sees the crypto regulatory environment under U.S. President Donald Trump as a positive development for the industry. Getting a Big Four auditor – the global professional services firms Deloitte, EY, formerly Ernst & Young, PricewaterhouseCoopers and KPMG – to audit Tether’s USDT reserves is possible in the US under Trump, Ardoino noted. Controversy has surrounded Tether and its reserves since the company’s unveiling of the stablecoin in 2014. The company has weathered most of the criticism since, emerging as one of the most important crypto projects in the market. So far, Tether has issued over $140 billion USDT, stating in various attestation reports that every dollar-pegged token is backed 1:1. But many have pointed to what they call a lack of transparency. Given the latest regulatory developments including in the U.S., having one of the top accounting and consulting firms take up Tether’s reserves audit may be a huge step forward for the company. “It’s our top priority,” the Tether exec said. “Now we are living in a landscape where it’s actually feasible.” While Ardoino notes this move is in the pipeline, he did not disclose any specifics with regard to who the stablecoin issuer is talking to, or when the audit may happen. Reports that Tether is looking to engage a Big Four accounting firm to verify USDT reserves comes as the U.S. heads towards a stablecoin regulation bill. Earlier in the week, in an address at the Digital Asset Summit in New York, President Trump urged Congress to pass the stablecoin legislation. Meanwhile, Tether recently appointed Simon McWilliams as its chief financial officer. As CFO, McWilliams’ role includes heading Tether’s effort to have a full financial audit.

Standard Crypto has backed a $140 million raise for Walrus Foundation, an organization looking to build a highly scalable decentralized storage solution on Sui. The Walrus protocol is a blockchain-based data storage platform currently in testnet . Per details in a announcement , the funding from a private token sale will help Walrus Foundation to scale the data storage network on Sui ( SUI ). “This investment is a significant milestone to redefine decentralized storage. By leveraging Sui’s unique architecture, we’re making storing data programmable, interactive, and secure,” Rebecca Simmonds, managing executive of Walrus Foundation, said in a statement. Walrus plans to capitalize on the rising demand for programmable storage across the market, which it can now pursue following this capital injection, Simmonds added. The Sui-based platform, developed by Mysten Labs, is gaining traction as developers and projects tap into its solution for on-chain and off-chain data management. Any application can leverage Walrus to publish, read, and program data files, using Move-based smart contracts. Combining storage, availability, and decentralized computing means users have access to a solution that vastly improves on what legacy storage solutions offer. According to the Walrus team, storage goes beyond just storage—it’s about being “dynamic, verifiable, and programmable.” The use of artificial intelligence datasets, blockchain history, and rich media all come into play with Walrus. Standard Crypto co-founder and managing director Adam Goldberg said in a comment: “We’ve been backers of Mysten Labs since the very beginning and, inspired by their ability to transform research breakthroughs into breakout products, we’re thrilled to deepen our partnership through a new investment in Walrus.” Walrus’ $140 million raise also attracted several top crypto venture capital firms, including a16z crypto, Electric Capital, Franklin Templeton Digital Assets and Comma3 Ventures. As well as the funding news, Walrus Foundation revealed the Walrus protocol’s mainnet is set to go live March 27, 2025.