Meet the Billion-Dollar Crypto Founder Who Started Trading at 9 Years Old

S&P Global Ratings has downgraded Tether's USDT stablecoin to its lowest stability rating, citing concerns over its increasing exposure to Bitcoin and governance issues. This downgrade has sparked a significant online backlash, with Tether asserting its financial strength and criticizing the rating methodology used by S&P.

Architect Partners has asserted that the Bitcoin digital asset treasury model is not broken, countering prevailing concerns about the sustainability of Bitcoin investments amid market volatility. This statement comes as Bitcoin's price fluctuates significantly, recently rebounding toward $92,000 after a notable sell-off.

Ethereum developers are preparing for the Fusaka upgrade, the second significant upgrade of 2025, scheduled for December 3. This upgrade aims to enhance the network's capacity and efficiency, following the previous Pectra upgrade. The anticipation surrounding Fusaka is heightened by recent adjustments, including an increase in the block gas limit to 60 million.

BlackRock's US-listed spot bitcoin ETF, IBIT, launched in January 2024, has rapidly amassed $70 billion in assets and generated substantial fees, becoming the firm's primary revenue source. This remarkable growth highlights the increasing interest in cryptocurrency investments among institutional investors.

Phong Le, CEO of Strategy, announced that the company has no immediate debt maturity risks and intends to leverage convertible securities and equity to enhance its Bitcoin holdings over time. This strategy aims to position the company favorably in the cryptocurrency market amidst ongoing volatility.

Kalshi, a regulated prediction market platform, is currently facing setbacks as court cases continue to unfold, impacting its operations and future prospects. This situation highlights the ongoing legal challenges that prediction markets encounter in the evolving cryptocurrency landscape.

XRP is currently testing key support levels, with a close above $2.22 indicating a potential bullish trend, while failure to maintain $2.17 could lead to further declines. Recent trading has seen XRP fluctuate within the $2.16–$2.25 corridor, reflecting market volatility and trader caution.

Bitcoin's Coinbase Premium has turned positive after several weeks of being in the red, indicating a shift in market dynamics as the price spread between Coinbase and the global market reflects renewed demand. This change suggests a recovery in U.S. capital flows toward Bitcoin, which has recently seen its price rise above $90,000 following a modest rally.