Gate News: Latest Crypto News and Cryptocurrency Prices

00:41

Analysis: NYSE may be preparing for stock deployment on the chain

BlockBeats news, on June 25th, the staff of the encryption asset special working group met with the New York Stock Exchange to discuss the response to regulatory issues related to encryption assets. The New York Stock Exchange provided an attachment document and discussed it at the meeting. Agenda of the meeting with the encryption asset special working group (today): Participants: Jaime Klima, Chief Legal Officer of the New York Stock Exchange Jon Herrick, Chief Product Officer of the New York Stock Exchange Patrick Troy, Vice Chief Legal Officer of the New York Stock Exchange Tony Frouge, Chief Regulatory Officer of the New York Stock Exchange Topics: 1. Promoting a fair competitive environment Emphasizing the equal status of market participants and avoiding inconsistent regulatory frameworks for similar assets and entities. 2. Listing and trading Discussing related issues of tokenized stock trading and promoting this.

TROY-2.81%

03:40

Spot gold daily rise of 1.65%, Matrixport group's RWA platform gold Token XAUm TVL hits a record high

Odaily News The market shows that the Spot gold price has broken through 3400 USD/ounce today, big pump of 55 USD, with a daily maximum increase of over 1.65%, and gold-related assets have also risen accordingly. On-chain data shows that the gold Token XAUm has reached a historical high in volume, managing a total of 12,411 troy ounces of gold assets. Since the launch of XAUm, the Spot gold price has increased by over 37%. XAUm is a tokenization platform for real-world assets (RWA) under the Matrixport Group.

RWA-5.4%

12:08

Gold prices were supported by safe-haven demand over the holiday, according to Goldman Sachs.

On December 27th, Jin10 Data reported that the price of gold futures fell, but remained relatively stable overall this week in light trading during the holidays. Futures prices fell 0.4% to $2,642.20 per troy ounce of gold. During the holidays, the trading range of this precious metal was narrow. Goldman Sachs analysts wrote in a report that geopolitical tensions continued to heat up, supporting gold prices. The situation in the Middle East is still highly uncertain, the Russia-Ukraine war continues, and US-China relations remain tense. On the contrary, the Fed's stance is more hawkish, limiting the potential for gold to rise, and the market expects the number of Fed interest rate cuts to decrease in 2025. Higher interest rates usually weaken the appeal of interest-free gold.

09:18

Analyst: Gold is expected to fluctuate narrowly between 2620 and 2660 during the holiday period

Jinshi data news on December 24th, the price of gold futures pumped slightly, regained some lost ground, but still remained at a low level this week. Futures prices pumped by 0.2% to $2632.50 per troy ounce. Analyst Ahmed Asiri of Pepperstone stated in a report that due to the weakened market expectations of the U.S. interest rate cuts exceeding twice in 2025, the price of this precious metal fell by 1.1% this week. Asiri stated that this reflected the Fed's decision to cut interest rates by 25 basis points in mid-December, and given the reemergence of inflation concerns, the Fed has taken a more cautious stance on monetary policy in the future. Generally, higher interest rates will weaken the attractiveness of interest-free gold. Asiri added that due to the seasonal decline in volume during the holidays, the price of gold is expected to fluctuate within a narrow range of $2620 to $2660 during the holiday period.

02:59

Paxos: PAXG, a stablecoin anchored to gold, reaches a new high market cap of $500 million

The financial news outlet Jinse reported that the market value of the stablecoin PAXG, which is anchored to gold, issued by the stablecoin issuer Paxos, has reached a new high of $500 million on the X platform. Paxos stated that each PAXG coin is backed by one troy ounce of gold stored in the LBMA gold vault in London. In addition, the spot gold price has been continuously hitting new highs recently, reaching $2670 per ounce yesterday, continuously refreshing historical highs.

USDP-0.02%

X-4.62%

07:10

ETF reduces holdings of gold, silver, and platinum

On the last trading day, the ETF reduced its holdings of 41,094 troy ounces of gold, with a net reduction of 2.57 million ounces this year, equivalent to approximately $102.4 million based on the Spot price. The holdings of the world's largest gold ETF, SPDR Gold Shares, remained almost unchanged, with a total holdings of 27.7 million ounces. In addition, the ETF also reduced its holdings of 477,541 troy ounces of silver and 516 troy ounces of platinum.

07:06

Paxos releases July transparency report for PAXG: Reserves of gold slightly increased to 187,070.279 troy ounces

Golden Finance reported that Paxos officially released the July PaxGold (PAXG) transparency report, which disclosed unaudited financial data of PAXG as of 5 pm Eastern Time on July 31st, including: the issuance of PAXG reaching 187,070.230 coins in circulation, a slight rise in the reserve gold to 187,070.279 troy ounces, and the circulating supply of PAXG not exceeding the redeemable asset balance.

USDP-0.02%

17:44

Historic moment! Gold bar price reaches $1 million

On August 20th, Jin10 Data reported that the spot gold price exceeded $2,500 per ounce last Friday, hitting a new record high. Gold bars usually weigh about 400 troy ounces, which means that the price of each gold bar has reached a milestone of over $1 million. Of course, there may be slight differences in the data. According to the London Bullion Market Association, gold bars in London, the global precious metals trading center, usually weigh about 400 troy ounces, but the pure gold content can also range from 350 to 430 troy ounces. In addition, there are smaller and lower-priced gold bars available for individual purchase, such as those sold by Costco.

05:04

Alchemy Pay now supports Tether Gold (XAUt)

Golden Finance reported that encryption payment solution provider Alchemy Pay has announced the launch of Tether Gold (XAUt), and users can buy and sell XAUt through the Ramp platform. XAUt is a digital token backed by physical gold launched by Tether, with each token representing ownership of one troy ounce of gold on a physical gold bar that meets the quality assurance requirements of the London Delivery.

ACH-6.6%

XAUT-0.38%

11:46

Paxos releases June transparency report for PAXG: Reserve gold slightly increased to 185,852.614 troy ounces.

PANews August 3rd news, Paxos official released the June Pax Gold (PAXG) transparency report, which disclosed unaudited financial data of PAXG as of 5:00 PM Eastern Time on June 28th. The main contents include: the issuance of PAXG has reached 185,852.565, the reserved gold has slightly decreased to 185,852.614 troy ounces, and the circulating supply of PAXG has not exceeded the redeemable asset balance.

USDP-0.02%

02:57

Paxos releases May transparency report for PAXG: gold reserves slightly decreased to 184,251.232 troy ounces

Jinse Finance reported that Paxos officially released Pax in May.

USDP-0.02%

09:14

Paxos officially released the April transparency report for Pax Gold (PAXG) on Jinse Finance. The report disclosed unaudited financial data of PAXG as of 5:00 PM Eastern Time on April 30, including: the circulating supply of issued PAXG slightly increased to 184,251.761 ounces of gold, and the circulating supply of PAXG did not exceed the redeemable asset balance.

USDP-0.02%

05:17

Gold Finance reported that Paxos officially released the March Pax Gold (PAXG) transparency report, which disclosed the unaudited financial data of PAXG as of 5 p.m. EST on March 29, mainly including: the number of issuance PAXG fell to 183,846.856, and the reserve gold decreased to 183,846.905 troy ounces. The PAXG supply does not exceed the redeemable asset balance.

USDP-0.02%

12:05

Coin Network reports: And official news, Velo Labs released an innovative white paper on the "Digital Gold" project, entitled "Pacific Lightnet Gold Token (PLG): Revolutionizing Gold Investment". PLG Tokens represent direct ownership of one troy ounce of investment-grade gold per Token and are backed by physical gold bars securely stored in vaults, allowing Token holders to exchange their digital Tokens for physical gold bars, enhancing transparency and trust.

VELO-6.85%

12:01

Odaily Planet Daily News and official news, Velo Labs released an innovative White Paper on the "Digital Gold" project, titled "Pacific Lightnet Gold Token (PLG): Revolutionizing Gold Investment". PLG Tokens represent direct ownership of one troy ounce of investment-grade gold per Token and are backed by physical gold bars securely stored in vaults, allowing Token holders to exchange their digital Tokens for physical gold bars, enhancing transparency and trust.

VELO-6.85%

07:39

Odaily Planet Daily News Paxos officially released the December 2023 Gold Anchor Digital Money Pax Gold (PAXG) Transparency Report, which disclosed the unaudited financial data of PAXG as of 17:00 EST on December 29, mainly including: 216,430.378 PAXG issued, and 216,430.378 troy ounces of gold in reserve, a decrease of about 15,000 troy ounces from the previous month.

14:56

According to Golden Finance, Paxos officially released the November Pax Gold (PAXG) Transparency Report, which disclosed the unaudited financial data of PAXG as of 5:00 p.m. ET on November 30, mainly including: 231,428.391 PAXG has been issued, and 231,428.391 troy ounces of gold are in reserve.

14:39

PANews reported on November 1 that according to Bloomberg, Mark Williamson, global head of foreign exchange and commodity partnerships and proposals at HSBC Holdings Plc, said in an interview that HSBC has launched a platform to use distributed ledger technology to tokenize the ownership of physical gold held in its London vaults, and the new system creates a digital token representing gold bars. Transactions can then be made through the bank's single dealer platform. Mr Williamson said the use of blockchain technology makes the process "faster and less hassle" as customers can more easily track the gold they own through the platform, and even the serial number of each bar. He added that HSBC plans to eventually expand its system to include other precious metals. HSBC's gold system is part of the bank's broader push to use blockchain technology, which includes an existing platform for issuing and storing assets such as digital bonds, called HSBC Orion. One token on the new system is equivalent to 0.001 troy ounces, while London bars are equivalent to 400 troy ounces.

Analysis: NYSE may be preparing for stock deployment on the chain

Spot gold daily rise of 1.65%, Matrixport group's RWA platform gold Token XAUm TVL hits a record high

Gold prices were supported by safe-haven demand over the holiday, according to Goldman Sachs.

Analyst: Gold is expected to fluctuate narrowly between 2620 and 2660 during the holiday period

Paxos: PAXG, a stablecoin anchored to gold, reaches a new high market cap of $500 million

ETF reduces holdings of gold, silver, and platinum

Paxos releases July transparency report for PAXG: Reserves of gold slightly increased to 187,070.279 troy ounces

Historic moment! Gold bar price reaches $1 million

Alchemy Pay now supports Tether Gold (XAUt)

Paxos releases June transparency report for PAXG: Reserve gold slightly increased to 185,852.614 troy ounces.

Paxos releases May transparency report for PAXG: gold reserves slightly decreased to 184,251.232 troy ounces

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