December ETH Price Prediction · Posting Challenge 📈
With rate-cut expectations heating up in December, ETH sentiment turns bullish again.
We’re opening a prediction challenge — Spot the trend · Call the market · Win rewards 💰
Reward 🎁:
From all correct predictions, 5 winners will be randomly selected — 10 USDT each
Deadline 📅: December 11, 12:00 (UTC+8)
How to join ✍️:
Post your ETH price prediction on Gate Square, clearly stating a price range
(e.g. $3,200–$3,400, range must be < $200) and include the hashtag #ETHDecPrediction
Post Examples 👇
Example ①: #ETHDecPrediction Range: $3,150–
CoinShares Head of Research: Market concerns about Tether "seem unfounded," current data does not show systemic vulnerabilities
On December 6, concerns about the financial status of stablecoin issuer Tether resurfaced this week. The trigger was CEX founder Arthur Hayes warning that the company could face a severe crisis if the value of its reserve assets drops. However, CoinShares Head of Research James Butterfill refuted these claims. In a market update report on December 5, James Butterfill stated that concerns over Tether’s solvency “seem unfounded.” He pointed out that, according to Tether’s latest audit report, the company holds $181 billion in reserve assets, with liabilities of about $174.45 billion, resulting in a surplus of nearly $6.8 billion. “While the risks associated with stablecoins should not be entirely ignored, current data does not indicate any systemic vulnerabilities.” Tether remains one of the most profitable companies in the sector, generating $10 billion in profit in the first three quarters of this year.