Do you have any insights on what has happened to the 'thether over lightning' initiative?

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No clue. Haven’t heard anything about it. Might have been tied to or put aside due to taproot assets. Seems like it’s basically being done, just haven’t heard tether specifically talk about it recently.

they are working on an alternative to lightning built with pear

Like nostr:npub1c7rl7fykx80r0n65m2sca463n8kzv7yr5nhz52eh9vmyquv4whmqde8vcp said, rumor has it that they are building an entirely different, non-blockchain system built on the pear stack. Supposedly have been working on it for some time. Hopefully they have something for it soon. What I’ve heard sounds really interesting