James Butterfill counters claims about Tether’s solvency, pointing to a multibillion-dollar surplus despite new criticism from Arthur Hayes and S&P Global.
Sam Bourgi
Sam Bourgi is a senior news writer and editor at Cointelegraph, where he covers Bitcoin and the broader digital asset economy. With a background in economics and public policy, he analyzes the intersection of cryptocurrency and traditional finance. He authors the Crypto Biz newsletter, which explores blockchain business and venture capital. Sam has spoken at major tech conferences, including Web Summit, Collision, Blockchain Futurist and Proof of Work. Before joining Cointelegraph, he worked at think tanks, boutique research firms, and other crypto media outlets. He studied economics and public policy and holds a Master’s degree from McMaster University. Sam holds Bitcoin and USDC above Cointelegraph’s disclosure threshold of $1,000.
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Tether solvency fears are ‘misplaced’ as company sits on large surplus: CoinShares - Newsletter
Crypto Biz: Mining weakness tests Bitcoin’s market cycle Bitcoin miners face record margin pressure as proxy stocks sink, Kalshi lands $1B funding and Ether derivatives volumes overtake Bitcoin on CME.
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Polish lawmakers fail to revive controversial crypto bill after presidential veto Poland’s parliament upheld a veto on the Crypto-Asset Market Act, delaying EU-aligned regulation and deepening divisions over security and innovation.
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In wake of crypto’s leverage wipeout, SEC approves ‘SUI-on-steroids’ ETF The SEC approved a 2x leveraged ETF tied to SUI as regulators warn that excessive leverage continues to amplify volatility across crypto markets.
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Twenty One Capital eyes Tuesday debut following Cantor Equity Partners merger Bitcoin-focused Twenty One Capital is set to go public on the NYSE after winning shareholder approval for its merger with Cantor Equity Partners.
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US stablecoin rules split global liquidity with Europe, CertiK warns US stablecoin rules under the GENIUS Act are splitting global liquidity with Europe, creating regional markets and potentially leading to cross-border friction, a report says.
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CleanSpark lifts output and power as Bitcoin miners face strain November production rose 11% and contracted power topped 1.4 GW, even as falling Bitcoin prices and tighter margins pressure the mining sector.
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CME launches Bitcoin volatility index as institutional crypto trading matures CME has rolled out new crypto benchmarks, including a Bitcoin volatility index designed to sharpen risk pricing across futures and options markets.
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American Bitcoin stock tumbles 50% as BTC proxy trade unravels ABTC shares plunged by more than 50% in early trading as the broader crypto market downturn triggered a sharp repricing of mining and treasury stocks.
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Identity checks to power AI stablecoin payments added to Coinbase-incubated x402 Concordium has added ID checks to stablecoin payments, enabling AI systems to purchase restricted goods and services online.
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CME rekindles ETH ‘super-cycle’ debate as Ether futures volume tops Bitcoin Ether futures overtake Bitcoin on CME as ETH volatility spikes, fueling debate over a potential Ether super-cycle amid a broader crypto market pullback.
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Bitcoin miners enter ‘harshest margin environment of all time’ Mining revenue hits structural lows as hashprice sinks, costs rise and payback periods stretch past 1,000 days, squeezing even the largest operators.
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Crypto Biz: Is this what a bear market looks like? (Spoiler: No) Bitcoin's price dips below $90,000, yet Republic and Kraken ink nine-figure deals. If this is a bear market, someone forgot to tell big money.
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Republic raises $100M for ETH purchases under unusual zero-interest deal Republic Technologies secured a zero-interest convertible loan to expand its Ether holdings, a structure that could limit shareholder dilution.
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‘Volatility is your friend’: Eric Trump not bothered by Bitcoin, crypto carnage Eric Trump shrugs off an extended crypto sell-off as American Bitcoin ramps up its holdings and climbs into the top ranks of public BTC treasuries.
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Tether to accelerate push into commodity lending with cash, USDt credit Tether is expanding its commodity-trade lending after deploying $1.5 billion in credit, marking a deeper shift from stablecoin issuer to global finance player.
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WBTC expands to Hedera as Bitcoin liquidity flows into new DeFi rails Wrapped Bitcoin's move to Hedera brings tokenized BTC and increased liquidation to the network's growing decentralized finance ecosystem.
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21Shares launches crypto index ETFs under SEC’s Act ’40 21Shares’ new crypto index ETFs utilize the stricter 1940 Act framework, marking a shift toward traditional fund oversight for diversified digital asset exposure.
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OKX adds decentralized trading for US users as DEX volumes hit record high The crypto exchange enabled decentralized trading, integrating DEX access and self-custody wallets as onchain volumes reach record highs.
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XStocks hits $10B in volume 4 months after launch as tokenized stocks gain traction Backed and Kraken’s xStocks sees rapid growth as investor interest in blockchain-based equities accelerates despite regulatory uncertainty.
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Skittish risk managers could turn Bitcoin’s institutional boom into bust, CEO warns Markus Thielen warns Bitcoin’s institutional rally could reverse as ETF outflows and market fatigue weigh on risk appetite.
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Franklin Templeton expands Benji tokenization platform to Canton Network Franklin Templeton has linked its Benji tokenization platform to the Canton Network, expanding institutional access to regulated onchain assets.
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Visa pilots fiat-funded stablecoin payouts for US businesses Visa is piloting a service allowing US dollar stablecoin payouts to crypto wallets from business accounts funded with fiat currency.
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ClearToken gets FCA nod for crypto settlement platform amid UK rules push ClearToken won FCA approval for a regulated crypto settlement system, signaling the UK’s push to bring digital assets under its financial framework.
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Major fantasy sports operator enters prediction markets with Polymarket PrizePicks has teamed up with Polymarket to let users wager on real-world outcomes, expanding beyond fantasy sports into the growing prediction-market space.
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VC Roundup: Selective capital, shrinking rounds highlight crypto’s cautious reset Funding now targets infrastructure, stablecoins and payments as big bets fade and Bitcoin projects bootstrap.
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Evernorth’s unrealized XRP losses expose mounting pressure on DATs: CryptoQuant The latest crypto downturn is hammering companies that built their business models around holding digital assets.
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Coinbase, Block, Robinhood highlight dismal week for crypto stocks Crypto stocks slid as macro fears, government shutdown jitters and lingering fallout from October's $19 billion liquidation hit investor sentiment.
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Polymarket rife with ‘artificial trading,’ Columbia University researchers find A Columbia study found that up to 60% of Polymarket’s volume may stem from wash trading, raising new concerns about artificial activity in prediction markets.
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Commonware secures $25M from Tempo as Stripe, Paradigm deepen blockchain bet Tempo leads an investment round in startup Commonware to advance blockchain infrastructure for real-world payments.