Arthur Hayes, the founder of BitMEX, said the newest audit indicates that Tether is essentially positioning itself for upcoming Federal Reserve rate cuts, which would reduce its interest earnings. To offset this, Tether has boosted its exposure to gold and Bitcoin as a hedge against “the declining value of money.” Hayes pointed out that if this gold–BTC portfolio were to fall by around 30%, it could eliminate Tether’s equity, theoretically putting USDT at risk of insolvency. He also suggested that large holders and exchanges will likely push for real-time insight into Tether’s financials.
The U.K.’s HMRC has introduced new regulations obligating crypto exchanges operating in the country to collect complete transaction records from all U.K. users beginning January 1, 2026. The data must then be submitted to HMRC in 2027, allowing the tax authority to verify filings and combat crypto-related tax evasion. This approach is aligned with the OECD’s Crypto-Asset Reporting Framework (CARF), which is already being implemented in the EU, Canada, Australia, Japan, and South Korea.
Turkmenistan has approved a new law that legalizes and regulates digital assets, establishing a licensing system for cryptocurrency exchanges and mining operations. The rules will take effect on January 1, 2026, and government officials say the framework is designed to draw investment and promote economic diversification.
ZEN is testing a major demand zone and showing signs of buyers stepping in right at the support. As long as it holds above this shaded area, price is positioned for a potential bullish bounce.
A reclaim of the recent minor highs could trigger momentum for an upward move, making this zone a strong area for accumulation by bulls. $ZEN