Crypto today: Trust Wallet outage, Tether buys BTC, Bitcoin slips
News
Today’s crypto recap: Trust Wallet’s browser extension on the Chrome Web Store was taken offline due to a reported store issue, Tether purchased 8,888 Bitcoin to close out 2025, and Bitcoin ended the year lower despite the April 2024 halving.
Trust Wallet browser add-on temporarily unavailable on Chrome Web Store due to ‘bug,’ CEO says
The Trust Wallet browser extension is “temporarily unavailable” on the Chrome Web Store, delaying a planned update that includes tools for users affected by the Christmas Day security incident, according to CEO Eowyn Chen.
“We hit a Chrome Web Store bug while releasing a new version,” Chen said in an X post, noting the update contains a feature for victims to verify and submit reimbursement claims. She added, “So far, we’ve identified 2,596 affected wallet addresses. From this group, we’ve received around 5,000 claims, which indicates a significant number of false or duplicate submissions attempting to access victims’ reimbursements.”
Chen cautioned users to be alert to fraudulent Trust Wallet extensions on the Chrome Web Store until the new version is live. Trust Wallet was exploited on Christmas, with over $7 million drained from user funds, and the company has committed to reimburse impacted users.
Source: Eowyn Chen
Tether acquires 8,888 BTC, becoming fifth-largest Bitcoin wallet
Tether bought 8,888 Bitcoin on New Year’s Eve, lifting its disclosed Bitcoin holdings to more than 96,000 at the close of 2025, CEO Paolo Ardoino said.
The USDt (USDT) issuer is now among the largest active Bitcoin holders, with its on-chain address ranking behind Binance, Robinhood, and Bitfinex, and placing second among privately held corporate BTC treasuries. The purchase continues Tether’s pattern of quarterly Bitcoin accumulation, in which the firm allocates up to 15% of earnings to BTC. The latest tranche was valued at about $780 million at the time of purchase.
Beyond Bitcoin, Tether acquired 26 tons of gold in Q3 2025 — a larger quarterly addition than any reporting central bank — bringing total holdings to 116 tons and placing it among the world’s top 30 gold holders.
Tether is now the fifth-largest BTC address. Source: BitInfoCharts
Bitcoin ends post-halving year lower
Bitcoin finished 2025 below its opening level, the first decline recorded in a year following a halving event. Halvings occur roughly every four years and cut miners’ rewards in half, reducing new supply. In prior cycles, the year after halving saw a rally to new highs in 2012, 2016 and 2020, followed by a correction and multi-year bear market.
This cycle diverged. Despite the latest halving in April 2024, Bitcoin is trading more than 30% below its all-time high of $126,080 set on Oct 6 and ended the year down versus where it began, according to CoinGecko data.
Source: Charlie Bilello
#Cryptocurrencies #Business #Gold #Tokens #Bitcoin Halving #Bitcoin Futures #Tether #Futures #Stablecoin #Trust Wallet #Industry
Stay informed, read the latest news right now!
Disclaimer
The content on TrustsCrypto.com is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, always do your own research before making decisions.
Some content may be assisted by AI and reviewed by our editorial team, but accuracy is not guaranteed. TrustsCrypto.com is not responsible for any losses resulting from the use of information provided.
