Tether’s $4 Billion Bitcoin Move Sparks Market Scrutiny

Tether has transferred a substantial $4 billion worth of Bitcoin to Jack Mallers’ new firm, Twenty One Capital, sparking debate about the legitimacy of the transfer. This move comes days after the launch of Twenty One Capital, a lending platform that echoes past crypto failures such as Celsius and Bitconnect. Critics question whether this transfer was intended to artificially inflate demand for Bitcoin or to shore up market stability. The lack of organic investor interest in Bitcoin raises concerns about the sustainability of this artificial boost.