Arthur Hayes warns Tether’s Bitcoin and gold bet exposes it to major downside risk

Key Takeaways Arthur Hayes suggests Tether is in the early stages of a massive interest-rate trade, betting that Fed cuts will hurt Treasury income but send Bitcoin and gold higher. He argues that a major drop in Bitcoin and gold positions could wipe out Tether’s equity. Share this article BitMEX co-founder Arthur Hayes argues that Tether is positioning itself for an upcoming Fed rate-cut cycle by shifting a greater share of its reserves into Bitcoin and gold. Hayes wrote on X on Saturday that Tether’s most recent attestation suggests the…

Nasdaq Digital Assets Head Says Tokenized Stocks Are A Priority

The US Nasdaq stock exchange is making SEC approval of its proposal to offer tokenized versions of stocks listed on the exchange a top priority, according to the exchange’s crypto chief. “We’ll just move as fast as we can,” Nasdaq’s head of digital assets strategy, Matt Savarese, said during an interview with CNBC on Thursday, when asked whether the SEC could approve the proposal this year. “I think what we have to really evaluate where the public comments come back in and then answer and respond to the SEC questions…

Ethereum ETF outflows surge to $1.4B in November

Key Takeaways Ethereum ETFs saw $1.4 billion in net outflows in November, indicating reduced investor confidence or rebalancing. Major funds affected include BlackRock’s iShares Ethereum Trust (ETHA) and Fidelity’s Ethereum Fund (FETH). Share this article US-listed spot Ethereum ETFs recorded $1.4 billion in net outflows in November as investors retreated from spot crypto funds during a choppy month for markets. The outflows affected major funds, including BlackRock’s iShares Ethereum Trust (ETHA) and Fidelity’s Ethereum Fund (FETH), both of which track Ethereum’s price performance without requiring direct crypto holdings. Spot Ethereum…