Crypto

S&P Global Ratings has downgraded Tether's USDT, warning that the industry-leading stablecoin could suffer if Bitcoin's price crashes. Tether disagrees.

The token has support around the $2.16 level and resistance at $2.31.

S&P Global Ratings downgraded Tether’s USDt to its lowest stability rating, raising concerns over its dollar peg. Tether classified the report as “misleading.” 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: Tether is headquartered in El Salvador and is regulated according to the National Commission of Digital Assets (CNAD), which has looser requirements for reserve assets backing stablecoins, S&P said. Read more

Bitcoin’s recent slide below $80,000 has triggered a wave of sleep disruption across the retail trading community, according to a new report from CEX.io. The flagship digital asset has since rebounded to about $88,000, but the roughly 31% drawdown from its recent peak left many investors monitoring prices through the night. This behavior has moved […] The post Struggling to sleep? You’re not alone – How Bitcoin’s recent price crash is affecting other traders IRL appeared first on CryptoSlate.

Bitcoin and select altcoins have started a recovery, but higher levels are likely to attract solid selling by the bears. Is $100,000 BTC's next stop? 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. Read more

The firm’s “BTC Rating” puts coverage at 5.9x with BTC at $74,000 and still about 2.0x even in a severe crash to $25,000.

XRP Price Prediction has strengthened as 21Shares gains SEC approval for its XRP ETF, spot products from Bitwise and others have attracted steady inflows, and analysts now expect XRP to test $2.60 before a possible breakout above the key $3 psychological level. The post XRP Price Prediction: 21Shares XRP ETF (TOXR) Launches Friday – Can XRP Finally Break $3? appeared first on Cryptonews.

Monad has launched mainnet and MON has seen price gains near 60% alongside a surge in social activity, with LunarCrush metrics showing AltRank in the top ten, tens of thousands of mentions, millions of engagements and early integrations from Telegram swaps, Polymarket and new trading venues. The post From Zero to Hero: LunarCrush Reveals How Monad’s Launch Drove a 550× Engagement Rate and a Top‑Ten AltRank appeared first on Cryptonews.

The fund, which could be listed on NYSE Arca, would the first ETF tied to a privacy coin, following several other listings from Grayscale and asset managers. 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). The simplified form with the regulator could allow Grayscale to list the Zcash ETF on the NYSE Arca. According to data from Nansen, the price of ZEC increased by more than 50% in the past 30 days and by 1,050% in the past 12 months, reaching $519.62 at the time of publication. Read more

Ethereum holds above $2,620 support as analysts eye $10K. MVRV Z-Score nears buy zone, while $3K remains key resistance level for bulls.

Gemini has welcomed the UK budget keeping crypto tax rates steady as wider reforms have moved the country toward stricter TradFi-style oversight, with CARF reporting and HMRC enforcement expanding transparency while competitive rates support long-term digital-asset investment. The post Gemini Exec Says UK Budget Brings Tougher Crypto Oversight but No Tax Hike appeared first on Cryptonews.

Bitcoin has broken above $90,000 per coin again, nearly a week after it dipped to a seven-month low of about $81,000.

With Bitcoin below its average buy price and stock at a discount to net BTC, Metaplanet is challenging how listed firms hold crypto.

Filing comes amid rapid growth in IBIT options activity and a migration of open interest toward US regulated venues.

Democratic staff on the House Judiciary Committee gathered data on President Donald Trump's crypto businesses that reportedly gained his family massive wealth.

Spot SOL ETF accumulation is showing no sign of slowing – Solana price predictions remain bullish with TradFi markets still committed. The post Solana Price Prediction: While Retail Panic Sells, TradFi Just Bought the Dip Hard – What Do They Know That You Don’t? appeared first on Cryptonews.

Texas has taken the first formal step toward becoming the first US state to hold Bitcoin as a strategic reserve asset. On Nov. 25, Lee Bratcher, president of the Texas Blockchain Council, reported that the world’s eighth-largest economy, valued at $2.7 trillion, purchased $5 million worth of BlackRock’s spot Bitcoin ETF, IBIT. He added that a […] The post Why Texas is buying Bitcoin from BlackRock before building a real reserve appeared first on CryptoSlate.

The deal for FTX-linked MIAXdx puts Robinhood and Susquehanna in direct competition with Kalshi and Polymarket as interest in prediction markets heats up. A company with ties to the defunct cryptocurrency exchange FTX is being acquired by Robinhood Markets and Susquehanna International Group as part of a push into prediction markets. According to a Reuters report on Tuesday, Robinhood and Susquehanna will acquire a 90% stake in LedgerX, one of the few solvent companies tied to FTX following its bankruptcy filing in 2022. The move came just hours after Robinhood announced the launch of a futures and derivatives platform with options for prediction markets.  Robinhood initially reported the acquisition of a majority stake in MIAXdx, an exchange and clearinghouse licensed by the US Commodity Futures Trading Commission. MIAXdx, previously known as LedgerX, was acquired by Miami International Holdings (MIAX) for $50 million in 2023 amid FTX’s bankruptcy. MIAX will retain a 10% stake in the firm, according to Reute...

FCA has admitted Eunice to its sandbox as UK crypto markets have developed shared disclosure templates with Coinbase, Crypto.com and Kraken, supporting a staged roadmap for digital asset rules, strengthened transparency standards and new infrastructure for settlement and tokenized deposits. The post UK Regulator Tests Industry-Led Solution to Protect Crypto Investors appeared first on Cryptonews.

Just when traders got used to price declines on the Wednesday ahead of Turkey Day, bitcoin pulled a reversal higher.