Tether, the company behind the popular USDT stablecoin, announced that its gold-backed stablecoin, XAUT, is backed by a hefty $770 million in physical gold bullion. Gold Standard for Crypto? Launched in 2020, XAUT is designed to mirror the price of one ounce of gold. Tether claims each XAUT token represents ownership of a portion of…
A popular crypto analyst, InvestAnswers, is predicting that Bitcoin (BTC) will soon outperform gold. He shared this forecast with his 565,000 YouTube subscribers. Analyst’s Reasoning The analyst believes gold’s recent price surge to $3,500 is unsustainable. He points out the fluctuating correlation between Bitcoin and gold, unlike the strong correlation between Bitcoin and the Nasdaq….
Brazil just made history by launching the very first XRP spot exchange-traded fund (ETF)! This opens up a new way for investors to get in on the cryptocurrency action. Hashdex Makes it Happen The asset manager Hashdex listed the XRP ETF on Brazil’s B3 stock exchange on April 25th. It’s called XRPH11 and tracks XRP’s…
Bitcoin’s price has been on the move lately, and new data suggests some interesting things about who’s buying and selling. What the Data Shows A recent analysis from IntoTheBlock looked at how much Bitcoin different groups of holders own. They divided holders into three groups based on how long they’ve held their Bitcoin: Traders: Holders…
Could Dogecoin be about to explode? Recent analysis suggests a major price surge is on the horizon. Technical Analysis Points to a Breakout Crypto analysts are buzzing about Dogecoin’s potential. They’ve noticed a pattern: Dogecoin often consolidates for a while, then suddenly shoots up. This happened during the 2021-2022 bull run, and it looks like…
Bitcoin is hovering around $95,000, kicking off the week on a positive note. After months of price swings, Bitcoin finally broke above the crucial $90,000 mark – a big psychological hurdle. This has short-term buyers feeling optimistic about a larger price recovery. But, with ongoing US-China trade tensions, the overall financial climate is still shaky….
Solstice Labs, backed by the billion-dollar firm Deus X Capital, is launching USX, a new stablecoin built for the Solana blockchain. This isn’t just any stablecoin; it’s designed to give users easy access to high yields. High Yields, Made Easy USX will launch this summer alongside a yield protocol boasting over $100 million in committed…
Swissblock, a crypto analytics firm, is predicting a Bitcoin bull run based on recent on-chain activity. They’re seeing signs that point to a significant price increase. Massive Bitcoin Outflows The firm observed a huge outflow of Bitcoin from cryptocurrency exchanges last week – around $16.16 billion worth. This suggests that large investors (whales) and long-term…
Ika, the world’s fastest parallel MPC network, just got a major boost. The Sui Foundation has made a strategic investment, pushing Ika’s total funding past $21 million. This comes on the heels of a record-breaking NFT art campaign on the Sui blockchain. Ika: Blazing Fast, Secure Blockchain Tech Ika’s technology is all about speed and…
Macro investor Luke Gromen believes Bitcoin could surprisingly increase demand for US Treasury bonds. He argues that this connection is linked to the government’s interest in stablecoins and a potential Bitcoin reserve. The Bitcoin-Treasury Connection Gromen, founder of Forest for the Trees (FFTT), points to the Trump administration’s exploration of using Treasury bills (T-bills) within…
