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…

Interpol Reports Over 60 Countries Hit by Human Trafficking-Fueled Crypto Scams

Interpol’s updated crime data reveals increasingly sophisticated crypto scam networks overlapping with drug, firearms, and wildlife trafficking markets worldwide. International Criminal Police Organization (Interpol) has formally designated crypto-enabled fraud as a global criminal threat, following the adoption of a new resolution at its General Assembly, which aims to tackle the rapid expansion of transnational scam centres implicated in large-scale fraud, human trafficking, and severe abuse. According to the organization, these criminal hubs often lure victims with promises of high-paying overseas jobs before coercing them into compounds where they are…

Bitcoin Mining Difficulty Projected To Rise in December After Brief Drop

The Bitcoin (BTC) mining difficulty is projected to increase during the next difficulty adjustment scheduled for December 11, as hashprice, a critical metric that measures expected miner profitability per unit of computing power, sits at record lows.  Bitcoin’s next mining difficulty adjustment is expected to occur at block 927,360 at about 12:09:34 AM UTC, marginally increasing the difficulty from 149.30 trillion to 149.80 trillion, according to CoinWarz. The most recent adjustment, which occurred on Thursday, decreased the difficulty from 152.2 trillion to 149.3 trillion, resulting in an average blocktime of about…

Hyperliquid Team Confirms 1.75M HYPE Tokens Unlocked Today

The team behind the Hyperliquid decentralized exchange (DEX) disclosed a 1.75 million HYPE token unlock for its developers and core contributors on Saturday, valued at over $60.4 million at the time of this writing. Saturday’s token unlock was previously announced and is part of HYPE’s vesting schedule, according to pseudonymous Hyperliquid developer iliensinc, who celebrated the first anniversary of Hyperliquid’s historic airdrop and token generation event. He said: “For perspective, about 270 million tokens were fully unlocked on Nov 29, 2024, in the largest airdrop in history, measured in today’s…

Spot Volume Hits $375B as ETFs Add $35B Punch

ETH trading volumes surged from mid-year acceleration to a $599 billion peak. The trading activity of Ethereum (ETH) has remained high throughout 2025. Interestingly, CryptoQuant data now reveals that spot trading volume across exchanges reached $375 billion in November. Meanwhile, exchange-traded fund (ETF) volume climbed to nearly $35 billion. Institutional Money Pours In According to the analysis, Ethereum began the year with significant volatility in monthly trading activity, with total volume fluctuating between roughly $280 billion and $380 billion before accelerating sharply in the middle of the year. That…

Bitcoin Leverage Flush Wipes Out $8B in Open Interest as Whales Accumulate

A brutal leverage wipeout pushed Bitcoin into a “value zone,” with capitulating traders and mid-sized whales quietly buying the dip. Bitcoin (BTC) is showing tentative signs of stabilization after a turbulent month, with a massive $8 billion evaporation from futures markets signaling a painful but necessary cleansing of excessive speculation. This dramatic leverage reset, combined with steady accumulation by larger investors, suggests the foundation for a potential recovery is being laid, even as prices tread well below recent peaks. Bitcoin Price Mounts Necessary Market Reset Over the past month,…

SEC Commissioner Hester Peirce ‘Baffled’ That Self-Custody is Even Debated

Hester Peirce, a commissioner of the United States Securities and Exchange Commission (SEC) and head of the SEC’s Crypto Task Force, reaffirmed the right to crypto self-custody and privacy in financial transactions. “I’m a freedom maximalist,” Peirce told The Rollup podcast on Friday, while saying that self-custody of assets is a fundamental human right. She added: “Why should I have to be forced to go through someone else to hold my assets? It baffles me that in this country, which is so premised on freedom, that would even be an…

Bitcoin Faces Additional Downward Pressure as Traders Increase Exchange Deposits: CryptoQuant

Large investor deposits are driving exchange inflows, boosting the average deposit sizes for BTC and ETH. The ongoing bitcoin correction may get worse in the coming weeks due to a current trend among traders and large investors. Analysts at the crypto research firm CryptoQuant have discovered that BTC traders are sending large amounts of their holdings to exchanges. Historically, large exchange deposits have preceded major sell-offs, while withdrawals from trading platforms signal that investors are moving their assets to self-custody. In this situation of increasing BTC deposits, traders intend…