USDT and Major Cryptocurrencies Surge Amid Elon Musk’s X Platform Integration Rumors

Dogecoin (DOGE), Tether (USDT), and XRP are currently dominating cryptocurrency discussions as speculation grows about their potential integration into Elon Musk's X platform. According to Santiment data, DOGE, DOT, and USDT are leading the trending token charts, driven by debates surrounding Dogecoin's unlimited supply and mining economics. Despite facing resistance at the 20-EMA, DOGE has managed to hold above $0.16, with a potential breakout possibly pushing it toward $0.26. This development highlights the increasing influence of social media and high-profile endorsements on cryptocurrency markets, with USDT playing a pivotal role in trading pairs and liquidity.

DOGE, USDT, XRP Gain Traction Amid Elon Musk's X Integration Speculation

Dogecoin, Tether, and XRP dominate crypto discussions as rumors swirl about potential integration with Elon Musk's X platform. Santiment data shows DOGE, DOT, and USDT leading trending token charts, fueled by debates over Dogecoin's unlimited supply and mining economics.

The memecoin holds above $0.16 but faces critical resistance at the 20-EMA. A breakout could propel Doge toward $0.26, while failure risks a retreat to $0.14 support. Market participants increasingly speculate about X evolving into a financial hub, with crypto assets potentially serving as native payment rails.

Crypto Scam Markets Rebound Despite Telegram's Crackdown

Cryptocurrency scam markets have swiftly regrouped following Telegram's shutdown of Huione Guarantee, previously the largest illicit marketplace. Tudou Guarantee has emerged as the dominant successor, processing over 300,000 transactions by mid-June—eclipsing Huione's pre-ban volume within weeks.

Blockchain analytics firm Elliptic reports at least 30 new markets now operate on Telegram, with platforms like Shuangying and Fully Light tripling in size. The resurgence highlights the resilience of Asia's cybercrime networks, which rely on Tether's USDT stablecoin for transactions.

While Huione's USDT activity collapsed to NEAR zero after its May 13 ban, the migration to alternative platforms suggests enforcement actions merely displace rather than eliminate illicit activity. The combined volume of successor markets reportedly approaches $27 billion.

Telegram Crypto Darknet Markets Surge Post-Huione Shutdown

Blockchain analytics firm Elliptic reports a proliferation of Telegram-based crypto darknet marketplaces following the shutdown of Huione Guarantee. Over 30 platforms have seen increased activity since May, when Telegram removed Huione's public channels.

Tudou Guarantee has emerged as the primary beneficiary, with user numbers doubling and transaction volumes matching Huione's former levels. Merchants have migrated en masse, continuing to offer illicit services including stolen data sales and money laundering infrastructure.

On-chain data reveals Huione's attempted pivot to private escrow services failed, with USDT transaction volumes becoming negligible by late May. The report clarifies some ongoing activity was misattributed to Huione Guarantee, as related entities like Huione Pay continue processing significant but distinct transaction volumes.