针对 Cake Group 首席执行官有关「Tether 修改了其服务条款，限制了新加坡用户将 USDT 赎回为美元」的言论，Tether 首席技术官 Paolo Ardoino 表示，Tether 早在 2020 年 5 月更新的服务条款中就明确表示新加坡不在其可提供服务的司法管辖区内。

<div>针对 Cake Group 首席执行官有关「Tether 修改了其服务条款，限制了新加坡用户将 USDT 赎回为美元」的言论，Tether 首席技术官 Paolo Ardoino 表示，Tether 早在 2020 年 5 月更新的服务条款中就明确表示新加坡不在其可提供服务的司法管辖区内。</div>

Tether CTO：新加坡数年前开始就不在 Tether 可提供服务的范围内

In response to the Cake Group CEO's remarks that "Tether has modified its terms of service to restrict Singapore users from redeeming USDT for US dollars," Tether Chief Technology Officer Paolo Ardoino said that Tether had already updated its terms of service in May 2020. It is expressly stated that Singapore is not a jurisdiction within which services can be provided.

<div>In response to the Cake Group CEO&#39;s remarks that &quot;Tether has modified its terms of service to restrict Singapore users from redeeming USDT for US dollars,&quot; Tether Chief Technology Officer Paolo Ardoino said that Tether had already updated its terms of service in May 2020. It is expressly stated that Singapore is not a jurisdiction within which services can be provided.</div>

Tether CTO: Singapore has not been within the scope of services provided by Tether a few years ago

Another case of "address poisoning," causing one user to lose $50 million. Photo: Techradar
The attack caused a shock.
A cryptocurrency user lost nearly $50 million USDT after mistakenly transferring the funds to...

Another case of "address poisoning," causing one user to lose $50 million.

Today we saw gold, silver, and palladium all hit new highs! Since the correction at the end of October, gold has been trading above the 25-35 day moving average; silver is rising along the four-hour moving average; and palladium is rising along the three-day moving average.
Synchronization: This "synchronized new highs" usually signifies the start of a major trend. Gold provides "stability," silver provides "elasticity," while the addition of palladium indicates a dual surge in industrial and investment demand.
In this clear upward trend, trading volume has not weakened significantly and no bearish structure has emerged. Don't try to short the short at the top; otherwise, you'll end up with...

Market Analysis | Gold, Silver, and Palladium Hit New Highs! How High Can They Go!?

Chapter 1: Executive Summary and Industry Landscape Analysis
As of December 19, 2025, the global digital asset mining sector is undergoing the most profound structural transformation since the birth of Bitcoin. With Bitcoin's price retreating to the $86,000 range after reaching an all-time high of approximately $125,000 in October 2025, and the total network hashrate surpassing the 1,000 EH/s mark, mining companies face the dual challenges of compressed profit margins and surging capital expenditures in the "post-halving era."

1.1 Industry Differentiation

Figure 1: Analysis of the Relationship between Hashrate and Market Capitalization of Major Mining Companies in 2025

The above figure clearly shows the current...