Tether Outlines New Organizational Structure, Aptos Partners with Microsoft, Brevan Howard, and SK Telecom

Apr 18, 2024
Market Update Traditional markets are finding some relief in Thursday’s trading after four consecutive sessions of losses. The SPY and QQQ have gained approximately 0.30%, while the IWM (+0.99%) is showing outsized gains. Crypto markets are finding larger relief, with $BTC rising 3.92% to $63.7k, and $ETH gaining 2.71% to exceed $3,050. Injective ($INJ) is one of the leading tokens today, gaining 9.37% following news of a partnership with JamboPhone to bring blockchain-powered financial solutions to emerging markets. JamboPhone is a low-cost mobile phone sold in over 100 countries, which will now come with Injective dApps, bringing increased awareness and access to millions of users.Tether has outlined a plan to divide the organization into four new divisions: Tether Data, Tether Finance, Tether Power, and Tether EDU. Tether Data will be focused on developing and investing in emerging technologies such as artificial intelligence or person-to-person payments. Tether Finance will be the cornerstone of USDT, other stablecoin products and services, and Tether’s upcoming tokenization platform. Tether Power will be the mining and energy division, focusing on sustainable Bitcoin mining operations. In Q4 of 2023, Tether announced its plans to invest $500 million into Bi

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