Tether has reportedly secured funding at a valuation of $500 billion, marking a significant milestone for the stablecoin issuer. This development highlights the growing interest and confidence in Tether's role within the cryptocurrency ecosystem. In the United States, new regulatory measures are set to introduce innovation exemptions for the crypto industry, aiming to foster growth and technological advancement. Meanwhile, Chinese-backed crypto businesses in Hong Kong are temporarily pausing operations amid regulatory uncertainties. Additionally, the Digital Yuan International Operations Center has officially commenced operations in Shanghai, signaling China's continued push towards integrating digital currency into its financial infrastructure.