The U.S. gold reserves value sits above $1 trillion at current market prices — and yet, according to Treasury Secretary Scott Bessent, that stockpile has almost nothing to do with what makes the dollar worth anything. That tension, between the world’s largest gold hoard and a currency that no longer depends on it, sits at
After a prolonged period of outflows, Bitcoin has seen a shift to inflows. According to Farside Investors data, US spot Bitcoin ETFs recorded a net inflow of $69.1 million the previous day. This marks the seventh consecutive day of net inflows. On-chain data platform Santiment noted that Bitcoin ETFs have recorded net inflows for seven
Mubadala Capital has brought one of its private markets investment funds onchain, making the asset management arm of Abu Dhabi’s sovereign wealth fund one of the latest major financial firms to embrace tokenization. The alternative asset manager, which oversees about $430 billion in assets, said Thursday it launched a tokenized version of one of its
The bitcoin BTC$65,543.28 market is facing a macro environment unlike any it has encountered in its 17-year existence. That’s tied to inflation-adjusted returns on bonds. The 30-year Treasury Inflation-Protected Security (TIPS) is now offering a yield of close to 3%, the highest in 17 years, according to TreasuryBonds.com. “This is one of the greatest wealth
The crypto market is consolidating on Thursday, with bitcoin $BTC$65,744.34 a modest 0.62% lower since midnight UTC at $65,674 as it settles into a range between $64,000 and $66,800 that has held for the past week. The price action reflects a market catching its breath. Bitcoin has rallied more than 13% since its July 1
While Bitcoin has been fluctuating near the $65,000 level, market analysts have highlighted critical support and resistance levels that should be closely monitored in the short term. The world’s largest cryptocurrency, Bitcoin, fell as low as $65,484 during the day, according to Coinbase and TradingView data. Thus, Bitcoin continues to trade approximately 50% below its
BNY, the world’s largest custody bank, plans to support round-the-clock settlement of conventional and tokenized U.S. Treasuries in 2027, after completing an after-hours trade involving the reserves of 2 stablecoin issuers. The bank will test tokenized Treasuries on a private blockchain by the end of the year and will extend its existing settlement network later
Grayscale, a crypto asset management company, presented two different scenarios regarding the duration of the current downtrend in its latest assessment of the Bitcoin market. According to the company, if the “four-year cycle” theory, based on historical data, remains valid, the Bitcoin bear market could last until September or October. Grayscale analysis noted that in