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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.

$LTC | Overview Waiting for the tap of the 4H OB, want to see a impulsive move from that on a 15m timeframe for entries. Currently price is in Bearish trend.

The Interchain Foundation is funding the Tharsis Labs team to release an open-source evmOS, the Ethereum-compatible layer 1 solution targeted at boosting interoperability between Ethereum and Cosmos. The funding will see Tharsis Labs open-source evmOS, bringing Cosmos’ ( ATOM ) functionality to users on the Ethereum ( ETH ) network. Interchain Foundation, the entity helping to advance the Cosmos ecosystem and its Inter-Blockchain Communication protocol, announced the development on March 18. With evmOS, developers can build EVM-powered decentralized applications and chains using the Cosmos software development kit. Tharsis Labs will open-source the Ethereum virtual machine-compatible software under the Apache 2.0 license, Interchain Foundation said. In this case, ICF will fork evmOS’ technology and rename it Cosmos EVM, which will allow the Cosmos ecosystem’s steward to continue the project’s development. Cosmos EVM will be part of the Interchain Stack and be built under the Interchain Labs team. “We feel this is the right thing for the community for the longevity of the code we’ve developed, and are excited about the ICF’s support of this. I look forward to contributing to this next phase in a strategic advisory role,” said Federico Kunze Küllmer, co-founder of evmOS and representative of Tharsis Labs. According to the ICF, an open-source provenance will see further integration of the forked tech stack, bringing permissionless innovation to the space. The integration of evmOS as the main EVM solution for Cosmos targets benefits such as cross-chain communication for the scaling of DeFi applications. Despite the funding and forking of the evmOS, the ICF says it remains committed to the projec’s roadmap. As well as Ethereum compatibility, the Interchain Foundation aims to build evmOS into the solution all proof-of-stake networks can tap into for fresh web3 adoption. “evmOS has been a critical piece in bridging the Ethereum and Cosmos ecosystems, and we are excited to support its continued evolution under the Interchain Foundation umbrella,” Josh Cincinnati, president of the ICF’s Foundation Council, said. In July last year, LayerZero Labs partnered with Initia Labs for an interoperability standard for Cosmos. The collaboration aimed to bring omnichain interoperability to Cosmos SDK and LayerZero-enabled chains.

Earlier in the day, Aptos shared a cryptic post on X, featuring the logo of Pump.Fun accompanied by the phrase ‘Aptos pilled’. Naturally, this has led to speculation of Pump.Fun potentially migrating to the Aptos blockchain, or at the very least, some kind of a collaboration between the two. While there’s no concrete evidence to confirm anything, it’s worth noting that platforms similar to Pump.Fun, such as Emojicoin, have already been developed on Aptos, indicating that the ecosystem supports such initiatives. Emojicoin enables users to create, trade, and swap emoji-tickered meme coins, adding a layer of creativity to the meme coin space. On the other hand, Pump.Fun is a popular platform that allows users to create and trade meme tokens, primarily operating on the Solana blockchain. It has already established itself as a popular choice, though it has seen better days as of late. Starting from mid-February toward today, the platform’s graduation rate (the percentage of tokens that progress from incubation to full tradeability on Solana decentralized exchanges) has fallen below a measly 1%. This points to a huge decrease in the success of newly launched memecoins on the platform. In addition, Pump.Fun’s revenue has been declining since it reached a four-month low. Today, the platform’s protocol fee revenue stood at just slightly below $800,000, which is a big decline compared to late January when it was over $15 million. This could indicate a waning interest in Solana-based meme coins or just meme coins in general. Technically speaking, there are some grounds on why Pump.Fun would utilize Aptos. For instance, multi-chain expansion is becoming more common, as projects seek to tap into different liquidity pools and communities. Furthermore, Solana is already filled with meme coin projects and on Aptos, the competition is much lower. So will this be one big nothingburger or is there some merit to the rumors of collaboration or even migration? Overall, it’s hard to say but considering Pump.Fun’s current state, it makes sense for something to happen. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.