Dig Deeper, Invest Smarter
US-China trade relations will take center stage once again on June 9, as senior officials from both countries meet for trade discussions in London. The discussions follow a phase where both nations were dealing with rising disputes, mainly about tariffs and economic matters. While these talks are essential for resolving trade issues, some investors are
The post US China Trade Talks Set For June 9; Crypto Market To Rally? appeared first on CoinGape.
Tether released its first formal attestation for Tether Gold (XAU₮). According to the report, each XAU₮ token is backed by 1 troy ounce of actual gold, with 246,523.33 ounces now in circulation.
As per the attestation, Tether stated that the tokenized gold product is backed by more than 7.7 tons of physical gold. As per the details, the physical gold backing XAU₮ is secured in “a dedicated vault within world-class facilities in Switzerland.” The gold reserves are made of London Bullion Market Association (LBMA) gold bars, which have multiple layers of security controls.
These controls, as Tether describes them, include “rigorous counterparty selection, certificate verification of gold bars, and regular assays done in the presence of auditors.” The firm stresses that the process of XAU₮ issuance works under strict procedural and legal guidelines. This is done to prevent any kind of falsification.
Tether CEO Paolo Ardoino highlighted the company’s commitment to maintaining the 1:1 backing. The firm stated, “With XAU₮, we’re offering users the ability to access the security of physical gold in a digital form—secure, easily transferrable, and backed 1:1 by fully held gold reserves.”
Tether’s report attributes the growth of XAU₮ during Q1 2025 to several macroeconomic factors. These include “escalating global economic uncertainty, heightened geopolitical tensions, and a rising demand for inflation-resistant stores of value.”
The company specifically noted a surge in market cap that happened amid investor concerns about “new international trade tariffs.” The firm views it as validation of “gold’s role as a hedge in volatile markets.”
The token’s all-time highest price was $3,423 on April 21, 2025. Tether further highlighted that the amount of inventory indicated by the attestation is more important than the price.
This expansion is hand in hand with the general trends in the gold market. The report also quoted information from the World Gold Council indicating massive central bank purchases of gold.
According to these figures, global gold reserves stood at 37,755 metric tons at the end of 2024. Central banks were also making net purchases of 1,044.6 metric tons throughout 2024. The fourth quarter of 2024 alone saw central bank gold buying of 332.9 metric tons.
Tether noted that this accumulation pattern has been particularly strong among BRICS nations, which are “seeking to diversify away from U.S. dollar dependency.” The firm is the issuer of the largest stablecoin, Tether. USDT price maintains its peg at $1 and is the largest stablecoin with a $147 million market cap.
CoinGape has also released their Tether (USDT) price prediction, which indicates it is 53% bullish.
The post Tether Reveals Over 7.7 Tons of Physical Gold Backing For XAU₮ Stablecoin: Report appeared first on CoinGape.
The post Ethereum (ETH) Price Prediction: Can Rising Demand from BlackRock Fuel Bullish Momentum? appeared first on Coinpedia Fintech News
Ethereum (ETH) price experienced a similar volatility to Bitcoin (BTC) in the past 24 hours, following the feud between Elon Musk and U.S. President Donald Trump. The large-cap altcoin, with a fully diluted valuation of about $300 billion and a 24-hour average trading volume of about $18.5 billion, rebounded from a crucial support level of around $2,407 in the past 24 hours to trade about $2,478 on Friday, during the late North American trading session.
However, the recent crypto rebound has triggered fears of a potential dead cat bounce. Moreover, the feud between Trump and Musk may continue to divide the crypto market.
According to on-chain data analysis, BlackRock has gradually shifted its focus from Bitcoin to Ether in the past few days. In the past week, BlackRock’s ETHA recorded a net cash inflow of over $492 million to currently hold about $4.84 billion in cumulative net cash inflow at the time of this writing.
The gradual crypto cash rotation from Bitcoin to Ethereum has fueled the narrative of the much-anticipated altseason 2025. Moreover, the ETH/BTC pair has been dropping for the past few years until recently, signaling a major shift by institutional investors to the altcoin market.
Since breaking out of an established falling trendline in the first quarter, the ETh price has been forming a rising trend characterized by higher highs and higher lows in the lower timeframes. The altcoin has, however, been consolidating in a tight range between $2,400 and $2,679 in the past few weeks.
From a technical analysis perspective, Ether’s price is well positioned to rally above $3k if the buyers manage to push the altcoin above $2,679 in the coming weeks. However, a consistent close below $2.4k will signal further short-term bearish sentiment towards $2.2k.
The post Ethereum (ETH) Price Prediction: Can Rising Demand from BlackRock Fuel Bullish Momentum? appeared first on Coinpedia Fintech News
Ethereum (ETH) price experienced a similar volatility to Bitcoin (BTC) in the past 24 hours, following the feud between Elon Musk and U.S. President Donald Trump. The large-cap altcoin, with a fully diluted valuation of about $300 billion and a 24-hour average trading volume of about $18.5 billion, rebounded from a crucial support level of …
The post Cardone Capital Eyes Bitcoin with Over 1,000 BTC Purchase Plan appeared first on Coinpedia Fintech News
Cardone Capital, a real estate investment firm managing $5 billion in assets, is set to expand into the crypto space with a plan to acquire more than 1,000 Bitcoin. The move signals a strategic shift as the firm looks to diversify its holdings and tap into the growing value of digital assets. With this step, Cardone Capital joins other major institutions recognizing Bitcoin as a long-term store of value and a hedge against traditional market volatility.
The post Cardone Capital Eyes Bitcoin with Over 1,000 BTC Purchase Plan appeared first on Coinpedia Fintech News
Cardone Capital, a real estate investment firm managing $5 billion in assets, is set to expand into the crypto space with a plan to acquire more than 1,000 Bitcoin. The move signals a strategic shift as the firm looks to diversify its holdings and tap into the growing value of digital assets. With this step, …