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On-chain data shows that Tether has recently added more than 8,800 Bitcoin to its reserves. The purchase is worth about $1 billion, showing continued interest in Bitcoin from one of the biggest stablecoin issuers in the market. Such large-scale acquisitions often draw attention because they highlight how major players are positioning themselves in the crypto space.

 

At the same time, I noticed BingX has introduced a 50% cashback offer on any coin purchase, with a minimum of 50 USDT per trade and up to 100 USDT cashback. 

What’s your take on Tether’s big move and BingX’s cashback event? Would you consider joining in?

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