Notable news in the last 24 hours (12/11) BTC: 37,266 USD | ETH: 2060 USD | Total market cap: 1.385 billion USD 1️⃣ Tether continues to mint 1 billion USDT on the TRON network. According to a report from Whale Alert, an on-chain analytics account, on the morning of November 11, Tether issued 1 billion USDT tokens on the TRON blockchain. This is the fourth time Tether has issued billions of dollars of USDT this year. Earlier, a similar billion-dollar issuance took place in July 2023. Some argue that the new billion-dollar USDT mint will spur the recovery of cryptocurrencies. However, Tether's chief technology officer, Paolo Ardoino, tweeted that the mint was only for the purpose of chain swaps. 2️⃣ The SEC argued that Binance was unreasonable in asking that the lawsuit be dismissed against them. In its latest court filing, the U.S. Securities and Exchange Commission (SEC) strongly opposed Binance's attempt to dismiss the lawsuit, arguing that there were no valid legal grounds for doing so. According to the SEC, they strongly oppose Binance and Binance.US's request to dismiss the lawsuit, arguing that the two exchanges are violating both federal law and precedent. 3️⃣ The UK regulator issued 146 breach warnings on the first day of the new crypto rule. The UK's Financial Conduct Authority (FCA) issued 146 warnings about misconduct in cryptocurrencies on the first day of the new regulations. The FCA's 32-page guide aims to ensure crypto promotions are "fair, clear and not misleading," reflecting the dynamics of the industry. 4️⃣ The Poloniex exchange was hacked. Poloniex, a centralized cryptocurrency exchange, was hacked, with an estimated $60 million in various cryptocurrencies stolen. Justin Sun, founder of TRON and majority shareholder of Poloniex, ensures full reimbursement and recovery efforts.