Day: November 26, 2025

S&P Global Downgrades USDt Stability Rating to Lowest Score Possible

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S&P Global Ratings has downgraded Tether’s USDt to the lowest score on its stablecoin stability scale, questioning the token’s ability to maintain its dollar peg. The “weak” assessment was due to several factors, including Tether backing USDt (USDT) with “higher-risk” assets such as Bitcoin (BTC), gold, loans, and corporate bonds that are subject to higher volatility, according to S&P Global. The report read: “Bitcoin represents 5.6% of USDT in circulation, exceeding the 3.9% overcollateralization margin associated with a collateralization ratio of 103.9%. A decline in the price of bitcoin or…

Bitcoin, Altcoins Bounce, But Bearish Downtrend Prevails For Now

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Key points: Bitcoin has been facing selling near $89,000, but the bulls have not given up much ground, suggesting a rally to $93,500. Several major altcoins have started a recovery, but they are likely to face selling at higher levels. Bitcoin’s (BTC) recovery is losing steam as bears attempt to sustain the price below the $88,000 level. Veteran trader Peter Brandt said in a post on X that BTC’s current recovery was a dead cat bounce. In comparison, network economist Timothy Peterson was slightly more optimistic. Peterson said in a…

Grayscale Files with SEC to List Zcash ETF

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Grayscale is aiming to convert its Zcash Trust into a spot exchange-traded fund in a move that could mark one of the first investment vehicles linked to a privacy coin. In a Wednesday filing with the US Securities and Exchange Commission, Grayscale submitted a Form S-3 registration statement, signaling its intention to convert its fund tied to Zcash (ZEC) into a spot ETF. The move followed Grayscale’s launch of other spot ETFs linked to cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE), and XRP (XRP). Source: Grayscale The simplified…

Ethereum (ETH) Setup Hints at $10K Move If This Key Support Holds

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Ethereum holds above $2,620 support as analysts eye $10K. MVRV Z-Score nears buy zone, while $3K remains key resistance level for bulls. Ethereum is trading around $2,900, with a 24-hour volume above $22 billion, based on data from CoinGecko. The asset has dropped about 6% over the past week but is slightly up over the last day. Market attention is now on whether it can hold its recent support and continue higher. Ethereum Holds $2,622 Support After Bounce ETH recently bounced from the $2,600 level, which marks the 0.5…

Tether fires back at S&P after USDT downgraded to weakest score

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Key Takeaways S&P downgraded USDT’s stability score due to reserve risk and lack of full transparency. Tether responded with a sweeping defense of its reserves, profitability, and systemic relevance in emerging markets Share this article Tether has pushed back against S&P Global Ratings after the agency downgraded USDT’s stability score to 5, its lowest level, citing exposure to risky assets like Bitcoin and lack of reserve clarity. Tether called the downgrade misguided and based on a legacy framework that ignores the stablecoin’s track record and real-world use. It noted USDT…

Why The Only Place To Go Is Up

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XRP may be positioned for a major rally that reshapes its broader market outlook. In a detailed analysis shared on X, crypto strategist Chad Steingraber outlines calculations showing how expanding ETF activity could set the stage for a 100-fold move, pushing XRP toward $225 per token. His commentary consolidates a series of demand-and-supply assessments that map the structural forces he believes define XRP’s potential rally, signaling a market phase increasingly driven by institutional participation. Mapping XRP’s Path To A 100x Rally At $225 According to Steingraber, XRP’s path to $225…

Tether’s 116-Ton Gold Hoard May Be Moving the Market: Jefferies

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Stablecoin issuer Tether holds 116 tons of physical gold, placing it on par with central banks such as those in South Korea, Hungary and Greece. Tether is “the largest holder of gold outside central banks,” Jefferies wrote in a recent analysis, per a report by the Financial Times. The investment bank added that Tether’s growing appetite for gold may be playing a larger role in the metal’s recent surge than previously assumed. According to Jefferies, Tether’s gold purchases last quarter accounted for nearly 2% of total global gold demand and…

Why $88,800 Could Decide Bitcoin’s Next Big Move, According to Alphractal’s CEO

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Staying under the Active Realized Price means discomfort and possible increased selling, which makes $88,800 a crucial level for Bitcoin’s next direction. After a mid-week relief, Bitcoin (BTC) is trading a little above $87,000, but it still stands below a key level that could determine its next move. A new observation suggests that a failure to rise above $88,800 could trigger more profit-taking, as active investors remain at a loss and market pressure builds. Bitcoin Battles the $88.8K Line Bitcoin’s position below the Active Realized Price, currently around $88,800,…

Conor McGregor accuses Khabib Nurmagomedov of scamming fans with $4.4 million NFT sale

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Key Takeaways Conor McGregor accused Khabib Nurmagomedov of scamming fans with a $4.4 million NFT sale themed around Dagestani culture. Nurmagomedov defended the NFT drop as a legitimate celebration of tradition, calling McGregor’s claims false and retaliatory. Share this article UFC star Conor McGregor publicly blasted longtime rival Khabib Nurmagomedov after the retired champion dropped a series of papakha-inspired NFTs, digital versions of the traditional Dagestani hat he made famous during UFC fight nights. Social media posts claimed the release generated around $4.4 million, and after the sale, Nurmagomedov deleted…

S&P Global downgrades Tether’s stability rating to weakest level

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Key Takeaways S&P Global has downgraded Tether’s (USDT) stability rating to its lowest level. The downgrade was prompted by Tether’s increased exposure to volatile assets like Bitcoin and gold in its reserves. Share this article S&P Global, the financial services and credit rating company, today downgraded Tether’s stability rating to its weakest level. The move targets Tether’s stablecoin, USDT, which is the largest in the cryptocurrency market, with more than $184 billion in circulation. The rating agency cited concerns over Tether’s increased exposure to volatile assets like Bitcoin and gold…