Authorities in a town in Tennessee are warning residents about a new texting scam that has been impersonating local banks.

The Shelbyville Police Department says the scam texts have been circulating through the local community.

“Several citizens have reported receiving messages claiming to be from local banks, urging them to click a suspicious link. DO NOT click any links or provide personal information.

These texts are not legitimate and are designed to steal your sensitive information. Below is an example of the text. If you receive one of these messages, delete it immediately and contact your bank directly if you have concerns.”

In a similar vein, Suffolk County Executive Ed Romaine warned last month that a crew of con artists had been calling seniors on Long Island and pretending to be their banks.

The fraudsters tell the seniors that their bank accounts are under attack and that their credit and debit cards have malfunctioned. The scammers subsequently offer to pick the cards up from the victims and attempt to lure them to reveal their PINs, Romaine explained.

“And guess what? Then they go to the ATM machine and steal their money. And this happened to a number of seniors.”

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Tether continues to expand its global presence and support for cryptocurrency adoption, with the stablecoin giant’s latest move being a strategic investment in Chile-based crypto exchange Orionx.

Tether, the issuer of leading stablecoin Tether (USDT), announced its investment in the Chilean Chilean digital assets and infrastructure company on June 3, 2025. According to details, the investment is part of Orionx’s series A funding round, which Tether led.

Orionx has operations across Latin America, offering its crypto cross-border payments solution in Chile, Peru, Mexico and Colombia. The funding will allow the platform to consolidate its operations in the region, Tether noted in a blog post.

The company will also use the capital injection to  scale its stablecoin-powered infrastructure, targeting further adoption of its solution for remittances, treasury services and payment collection across LATAM. Orionx will also target the region’s huge number of unbanked adults, with this key given LATAM users received almost $415 billion in crypto between July 2023 and June 2024.

“By closing Orionx’s series A round, we are not only supporting a high-impact company but also advancing our broader vision of making stablecoin-powered financial tools accessible to underserved communities across the region,” said Paolo Ardoino, chief executive officer of Tether.

Investment in Orionx adds to Tether’s other notable strategic moves, including the USDT issuer’s backing of self-custodial crypto wallet Zengo in February 2025. 

A couple of months later, in April, Tether invested in Fizen Limited, a fintech company focused on digital payments and crypto self-custody wallets. The deals aim at supporting Tether’s quest to enhance global stablecoin adoption, including in regions with high numbers of unbanked and underserved populations.

Orionx will support this initiative via the Tether collaboration, said Joel Vainstein, CEO of Orionx.

“Having Tether, the undisputed global leader in stablecoins, by our side will allow us to accelerate this path with digital, flexible, and scalable solutions,” Vainstein.

AVAX broke through key resistance levels on high volume, establishing new support zones around $21.30 as traders navigate complex market conditions influenced by international trade disputes and monetary policy speculation.

Technical Analysis

• AVAX climbed from $20.52 to $21.31, representing a 3.8% gain with a total range of $1.28 (6.2%).

• Price formed a clear uptrend with higher lows and higher highs, breaking through key resistance at $20.90.

• Exceptionally high volume (1.33M) confirmed the breakout.

• Strong support established at $21.15 following the surge.

• Most significant price movement occurred when AVAX surged past the $21.00 psychological level.

• Pronounced correction saw price drop 5.8% on the highest volume spike (40,669).

• Decreasing volume suggests consolidation after volatile price action.