Arthur Hayes warns Monad could crash 99%, calls it high-risk ‘VC coin’

Arthur Hayes has raised concerns regarding Tether's investment strategy, particularly its significant exposure to Bitcoin and gold, which he warns could lead to substantial financial instability and undermine market confidence in the USDT stablecoin. This warning comes amid a backdrop of declining Bitcoin prices and recent downgrades from S&P Global Ratings, which cited similar vulnerabilities in Tether's financial practices.

Arthur Hayes, co-founder of BitMEX, has asserted that the cryptocurrency market is compelling traditional finance (TradFi) to evolve, particularly with the rise of equity perpetual contracts expected to dominate trading in 2026. He emphasizes that the integration of crypto into mainstream finance is no longer optional for traditional institutions.

Bitcoin miners experienced a temporary reprieve as mining difficulty decreased recently, but forecasts indicate a rise in difficulty come December, coinciding with hashprice levels nearing record lows. This fluctuation highlights the ongoing challenges miners face in maintaining profitability amidst changing market conditions.

The Hyperliquid development team announced the unlocking of 1.75 million tokens, addressing community concerns about potential selling pressure that could impact the token's price. This event follows a significant $314 million unlock that had previously raised alarms regarding market stability.

Arthur Hayes, co-founder of BitMEX, has reaffirmed his bullish stance on Bitcoin, maintaining a price target of $250,000 by year-end, while stating that the recent dip to $80,600 represents the market's bottom. He expressed these views during an appearance on the Milk Road podcast, emphasizing that dollar liquidity has reached its lowest point and is now poised to support higher prices for Bitcoin.

Arthur Hayes, co-founder of BitMEX, has stated that most Layer 1 (L1) cryptocurrencies outside of Ethereum and Solana are likely to decline significantly, potentially heading towards zero. This assertion highlights concerns about the sustainability and viability of numerous blockchain projects in the current market landscape.

Bitcoin is reportedly forming a short-term bottom as the Relative Strength Index (RSI) approaches oversold levels, with significant buying activity from large investors, or whales, indicating a potential relief rally towards the $100,000 to $110,000 range. This follows a recent stabilization above $90,000 after fluctuations that saw prices dip to around $80,000.

Bitcoin is showing signs of forming a short-term bottom as the Relative Strength Index (RSI) approaches oversold levels, with significant buying activity from large investors, or whales, suggesting a potential relief rally towards the $100,000 to $110,000 range.