There doesn't seem to be any particular new development, just a string of unsubstantiated rumors and hoaxes: https://blokt.com/news/too-much-fud-bitcoin-pumps-t

There doesn't seem to be any particular new development, just a string of unsubstantiated rumors and hoaxes: https://blokt.com/news/too-much-fud-bitcoin-pumps-tether-dumps-on-fake-news-bitfinex-temporary-withdrawal-pause https://blokt.com/news/too-much-fud-bitcoin-pumps-tether-dum... That's not to say that Tether does not have major credibility issues and dubious liquidity, just that no new publicly available information would justify the movement. On the other hand, when a bank run is in progress, it's irrelevant if it was started by a rumor because the rumor becomes a self fulfilling truth, especially in the face of shaky financials.