The crypto market witnessed a whirlwind of developments today as major voices weighed in on the ongoing market downturn, regulators clarified their stance on digital assets, and Tether pushed deeper into the commodities sector. Here is a concise look at the key events shaping Bitcoin, blockchain, DeFi, and the wider digital asset ecosystem.
Kiyosaki Claims Cash Crunch Behind Market Crash
Robert Kiyosaki, the well-known author of Rich Dad Poor Dad, addressed the sharp decline across global markets and blamed a worldwide cash shortage for the ongoing crash. Speaking to his 2.8 million followers on X, he insisted that he is holding on to his Bitcoin and gold despite the turbulence.
Kiyosaki warned that the “everything bubble” is bursting. He argued that markets are not collapsing because of weak assets rather because liquidity is drying up. He said governments may soon trigger what he refers to as “The Big Print,” a phase of large-scale money creation to manage escalating debt.
According to him, such a move will eventually increase the value of gold, silver, Bitcoin, and Ethereum once fiat currencies weaken. He advised people who urgently need liquidity to sell some assets, claiming that most panic is driven by cash shortages, not a loss of long-term confidence.
CFTC Seen as Better Fit for Crypto Oversight, Says Jeff Park
Regulatory clarity took centre stage after ProCap BTC chief investment officer Jeff Park expressed his support for a greater role for the Commodity Futures Trading Commission in overseeing crypto markets. Speaking with Anthony Pompliano in a recent interview, Park said the CFTC is better suited for supervising the sector than the Securities and Exchange Commission.
He called the proposed market structure bill complex yet directionally correct. Park argued that the CFTC’s long history with financial innovation, derivatives, and capital efficiency aligns with the nature of digital assets. He added that treating crypto as a commodity fits its global, borderless structure and offers a more coherent regulatory path.
Although he acknowledged that multiple stakeholders still need to iron out details, Park suggested that a CFTC-led framework would support innovation instead of restricting it.
Tether Expands Commodities Lending as Part of New Strategy
Tether made headlines by accelerating its move into commodity-linked lending, a sector traditionally dominated by large banks and trade finance firms. CEO Paolo Ardoino confirmed in an interview with Bloomberg that the company has already deployed around $1.5 billion in credit to commodities traders through a mix of cash and its USDt stablecoin.
The lending focuses on major commodity segments including agricultural goods and oil. Ardoino said the company intends to increase exposure significantly through its recently launched Trade Finance division. This unit specialises in short-term credit used for buying, transporting, and delivering global shipments.
Bloomberg reported that some traders remain cautious about borrowing in USDt instead of traditional dollars. Still, the scale of Tether’s operations makes the option attractive. With nearly $184 billion worth of USDt in circulation, Tether has become one of the world’s most profitable companies on a per-employee basis.
Growing Influence in the Commodity Sector
Tether’s presence in commodities is not new. Its tokenised gold product, Tether Gold, has grown rapidly amid rising gold prices. Ardoino recently revealed that the firm holds more than one hundred tons of physical gold, underscoring its expanding reach beyond stablecoins.
The company’s ambitions suggest a future where blockchain-powered financial services play a larger role in global trade. By blending traditional commodity financing with digital assets, Tether aims to position itself as a key liquidity provider across multiple markets.
