'We Wear Your Loathing With Pride': Tether's Downgrade at S&P Sparks Online Battle

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.

Bolivia's government has made a significant move by integrating stablecoins, particularly USDT, into its banking system, allowing them to be used as legal tender. This decision is aimed at modernizing the financial landscape and enhancing economic stability in the country.

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.

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.

Denis Dariotis, the founder and CEO of GoQuant, a cryptocurrency-focused trading software firm, has built a billion-dollar-a-day trading startup, starting his trading journey at the age of nine. His early involvement in trading has shaped his entrepreneurial path and the development of his company.

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.