Notable news in the last 24 hours (14/10) BTC: 26,918 USD | ETH: 1,554 USD| Total market cap: 1,032 billion USD 1️⃣ Tether appoints new CEO. On the evening of October 13, 2023, Tether, the world's largest issuer of the USDT stablecoin, promoted its longtime CTO holder Paolo Ardoino to the position of CEO. Ardoino will begin his new role in December 2023, succeeding Jean-Louis van der Velde, who will move into an advisory role at Tether and CEO of Bitfinex, a cryptocurrency exchange platform closely linked to stablecoin issuer USDT. 2️⃣ Binance Labs announces investment in Initia. Binance Labs, the venture capital arm of the Binance exchange, announced on October 12, 2023 its investment in Initia, a Layer-1 blockchain project on the Cosmos network. Initia will use the newly raised capital to provide infrastructure for developers to build their own Layer-2 scaling solution. This allows them to extend their product tools and develop decentralized applications (dApps), expanding the Initia ecosystem. Details of the investment amount were not disclosed. 3️⃣ Terraform Labs accused Citadel Securities of causing the collapse of the UST stablecoin. Terraform Labs, the organization behind the Terra (LUNA) blockchain, has once again criticized market maker Citadel Securities for their role in a "deliberate, proactive effort" to cause the devaluation of Terra's stablecoin in 2022. On October 10, Terraform Labs filed an application with the U.S. District Court for the Southern District of Florida to charge Citadel Securities LLC with conducting suspicious trading activities in May 2022. 4️⃣ Genesis halted withdrawals following a court decision involving FTX. Genesis Global Trading (GGC) has been ordered to pay a whopping $175 million to FTX. The directive stems from a lawsuit in which FTX, along with its affiliate Alameda Research, sought significant financial compensation from Genesis. Furthermore, recent reports suggest that Genesis allegedly halted customer withdrawals in its lending division.