Core Insights - Tether's Q3 2025 attestation shows it holds approximately $22.8 billion in gold and Bitcoin, raising concerns about potential risks associated with this diversification strategy [1] - CEO Paolo Ardoino claims Tether has a multi-billion-dollar excess reserve buffer and total Group equity nearing $30 billion, while critics argue this diversification could lead to insolvency [1][3] - Hayes warns that a 30% decline in Tether's gold and Bitcoin positions could render USDT theoretically insolvent, with significant implications for its Treasury income [2] Financial Position - Tether reported approximately $7 billion in excess equity and $23 billion in retained earnings, with total assets around $215 billion against $184.5 billion in stablecoin liabilities [3] - Gold and Bitcoin constitute only 12.6% of Tether's reserves, indicating a broader asset base [3] Criticism and Defense - Ardoino accused critics of misrepresenting Tether's financial position, highlighting that S&P Global's downgrade overlooked additional Group equity and monthly profits from U.S. Treasury yields [4] - Industry experts, including Joseph Ayoub, emphasize that Tether's disclosed assets do not encompass all corporate holdings, suggesting a more complex financial structure [5]

Market Overview - Bitcoin (BTC) is trading at $86,800, down 5% over 24 hours, with a low of $85,732 during early Asian hours, indicating a weak start to December [1] - The CoinDesk 20 and CoinDesk 80 Indices are down more than 6%, reflecting a broader risk-off sentiment in the crypto market [1] Economic Influences - Concerns over potential Bank of Japan rate hikes and disappointing Chinese economic data are impacting risk appetite across regional equities and digital assets [2] - QCP Capital highlights that markets are questioning the easing of global liquidity, with potential selling of BTC holdings if shares fall below net-asset value [2] Security Concerns - Yearn, a DeFi platform, suffered a $9 million loss due to a hack, contributing to a total of over $9 billion lost to scams, hacks, and exploits in the past year [3] - Recovery from hacks remains low, with only $154 million recovered over the same period, raising significant concerns about security in the crypto space [3][4] Investor Sentiment - The lack of adequate security measures and recovery technologies is damaging investor confidence, prompting calls for institutional-grade security in the crypto market [4] - The upcoming speech by Federal Reserve Chair Jerome Powell is anticipated to influence market direction, with bulls hoping for dovish signals to support BTC [4] Upcoming Events - Key events include the trading debut of 21Shares Core XRP Trust on Cboe BZX Exchange and the mainnet upgrade of Ontology, which reduces ONG supply from 1 billion to 800 million [5] - The Federal Reserve is ending quantitative tightening, which may stabilize financial markets amid tightening liquidity conditions [5][6]

Core Viewpoint - Metavesco, Inc. has approved a significant reduction in its authorized shares from 15 billion to 7.5 billion, reflecting a commitment to disciplined governance and long-term shareholder alignment [1][2][3]. Group 1: Share Reduction Details - The reduction in authorized shares is a response to the company's decision to abandon a large acquisition, making the previously authorized shares unnecessary [3]. - The company’s stock has increased over 100% since the last forward split, indicating positive market performance [3]. - The reduction will be filed with the State of Nevada and will be reflected in the company's corporate records [3]. Group 2: Strategic Direction and Developments - Metavesco is focused on the development of the OTCfi ecosystem and the upcoming launch of the ACCESS platform, which aims to enhance communication, data, and liquidity for OTC issuers [4]. - The CEO expressed confidence in the company's vision and commitment to protecting shareholder value through this share reduction [5]. - A presentation highlighting the OTCfi ACCESS opportunity suggests a potential valuation of $1.08 billion [5]. Group 3: Company Overview - Metavesco is a diversified holding company that manages assets across various sectors, including consumer packaged goods and staffing services, with a focus on long-term growth through strategic acquisitions and market solutions [7].

Core Insights - The Bank of Israel is preparing for more active oversight of stablecoins, recognizing their significant role in global money flows with a market capitalization exceeding $300 billion and monthly transaction volume surpassing $2 trillion [1][2] Group 1: Regulatory Oversight - Governor Amir Yaron emphasized that stablecoins can no longer be treated as a marginal phenomenon, comparing their scale to that of a mid-sized global commercial bank [2] - The concentration risk in the stablecoin market is highlighted, with 99% of stablecoin activity controlled by Tether and Circle, which raises systemic vulnerabilities and the need for regulatory clarity [3] Group 2: Regulatory Framework and Recommendations - Yaron outlined key priorities for private issuers and supervisors, including the necessity for 1:1 reserve backing, liquid reserve assets, and a scalable regulatory framework [3] - The Bank of Israel is accelerating its plans for a Central Bank Digital Currency (CBDC), with a roadmap for the digital shekel set to be released by the end of the year [4][5]

Market Overview - The cryptocurrency market capitalisation has decreased by 5.2%, nearing the $3 trillion mark, currently at $3.01 trillion [1] - Total crypto trading volume stands at $135 billion [1] Price Movements - 96 of the top 100 cryptocurrencies have experienced price declines over the past 24 hours [2][3] - Bitcoin (BTC) has fallen by 5.3% to $86,153 [2][3] - Ethereum (ETH) decreased by 6% to $2,823 [2][3] - Dogecoin (DOGE) saw the highest drop at 8.2%, now priced at $0.1368 [3] - Solana (SOL) dropped by 7.2%, currently trading at $126 [3] - The smallest decrease among the top 100 coins was 1.2% for Tron (TRX), now at $0.2766 [4] Significant Declines - Among the top 100 coins, 96 recorded decreases, with a dozen experiencing double-digit falls [4] - Zcash (ZEC) fell by 21.8% to $359 [4] - Ethena (ENA) decreased by 17.7%, now trading at $0.2386 [4] Liquidations and Market Sentiment - Approximately $608 million in crypto liquidations occurred in the past 24 hours, with longs accounting for over $535 million and shorts for about $73 million [5] - Bitcoin and Ethereum led the liquidations with roughly $185 million and $154 million cleared out, respectively [5] - Investors are seeking macroeconomic signals, particularly from the US, to determine if the current drops are a short-term correction or part of a longer trend [5]

Core Insights - Digital asset investment products experienced a significant inflow of $1.07 billion after four weeks of outflows, driven by renewed investor confidence due to expectations of potential US Federal Reserve rate cuts [1][2]. Group 1: Market Trends - The inflow of $1.07 billion follows a period where digital asset exchange-traded products (ETPs) saw outflows totaling $5.7 billion over the previous four weeks, with last week's outflows reaching $1.94 billion [2]. - Market sentiment shifted positively after comments from FOMC member John Williams, which suggested that monetary policy remains restrictive and fueled speculation about a possible rate cut in December [1][2]. Group 2: Geographic Distribution - The US accounted for 93% of total crypto inflows, while Canada and Switzerland saw inflows of $97.6 million and $24.6 million, respectively, indicating strong demand in established crypto-friendly regions [5]. - In contrast, Germany experienced outflows of $55.5 million, reflecting diverging investor confidence and potential year-end portfolio adjustments [5]. Group 3: Asset Performance - Bitcoin led the inflows with $464 million, followed by Ethereum with $309 million, driven by expectations of network upgrades and increased staking [6]. - XRP saw a record inflow of $289 million, highlighting its growing appeal among institutional investors [6]. Group 4: Investor Behavior - Short-Bitcoin ETPs experienced outflows of $1.9 million, indicating a retreat from bearish positions among traders, aligning with a broader optimism in the market [7]. - Cardano faced outflows of $19.3 million, which erased 23% of its assets under management, suggesting selective institutional interest favoring established leaders over altcoins [7]. Group 5: On-Chain Data Insights - On-chain data indicates notable supply movements that support bullish sentiment, with large amounts of XRP being withdrawn from centralized exchanges as new ETFs launch [8].

There is an 88% chance that the Fed will cut 0.25% off interest rates on Dec. 10, according to the rarely wrong CME FedWatch futures market. But that implied promise of a fresh round of cheaper money wasn’t enough to boost U.S. stock futures this morning. S&P 500 futures were down 0.64% premarket; Nasdaq 100 futures were down 0.78%.The pessimism started in Asia, with Japan’s Nikkei 225 down 1.89%, and the South Korea KOSPI down 0.16%. Europe was little better. The STOXX Europe 600 was down 0.21% in early t ...

Can Bitcoin really hit a price of $21 million? One of the world's foremost Bitcoin bulls thinks it's possible.In a span of just two months, Bitcoin (BTC 5.03%) has slumped in value from an all-time high of $126,000 to a current price of $85,000. For good reason, crypto market sentiment is at a nadir right now, with the Crypto Fear & Greed Index registering "extreme fear."But Bitcoin bulls remain undeterred. According to Michael Saylor, founder and executive chairman of Strategy (MSTR +0.88%), the current sl ...

After a bullish surge on the back of thin trading volumes as the US celebrated Thanksgiving last week, Bitcoin’s price is crashing back down to Earth. The world’s biggest cryptocurrency has plunged by close to 5% over the past 24 hours — dragging it back below $90,000. As usual, altcoins are bearing the brunt of these selloffs with the likes of Ether, XRP and Solana all down 6%. Bitcoin (BTC)24h7d30d1yAll time It’s often difficult to pinpoint the exact reason behind a sudden pullback like this — but th ...

Core Insights - Polymarket's founder and CEO, Shayne Coplan, claims the platform is "the most accurate thing" in mankind for predicting outcomes [1][5] - The platform is designed to provide answers to questions of interest rather than simply acting as a poll [2][4] - Users can gain or lose money based on their predictions, which generates valuable information [4] Platform Functionality - Polymarket differentiates between the percentage of votes for a candidate and the likelihood of winning, emphasizing the platform's focus on what people genuinely want to know [3] - The platform aims to offer superior information compared to unregulated sources on the internet [4] Market Developments - Polymarket received approval from the Commodity Futures Trading Commission for intermediated trading in the U.S., marking a significant milestone [7] - The company secured a $2 billion investment from Intercontinental Exchange Inc., with ongoing discussions for additional funding at a valuation of $12–15 billion [7] Ethical Considerations - Coplan acknowledged the potential for insider trading and stressed the need for clear guidelines to maintain ethical standards on the platform [5] - The controversy surrounding contracts related to Los Angeles wildfires was recognized as a "sensitive" topic by Coplan [6]