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Paolo Ardoino, CTO of stablecoin (USDT) issuer Tether, said that Tether plans to further reduce the holdings of commercial debt in its reserves and continue to improve Tether’s transparency. As a result, the share of commercial debt in Tether’s total reserves in the fourth The quarter of 2021 has fallen to around 30% from more than 44% in the third quarter, and Tether has moved the corresponding funds from commercial paper to US Treasurys.
The on-chain data shows that Luna Foundation Guard has accumulated a total of 2508.95BTC today, and the address currently holds 42406.93 BTC. BTC was trading around $41,000 and is up by 3.7% over the past 24 hours. The 20-day exponential moving average ($42,967) could stop the relief rally, which suggests that bears are selling on rallies if the price turns down from this resistance. The downsloping 20-day EMA and the relative strength index (RSI) below 44 suggest a minor advantage to sellers. A downward-sloping 20-day EMA and a relative strength index (RSI) below 44 points to a slight advantage for sellers.
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