The Daily: 'The DAO is back!' Tether rebuffs stablecoin yield claims, Senate Agriculture Committee advances crypto bill, and more https://t.co/G9ZZ59gbzL ...

Tether is the new bank.Similarly to banks, why would Tether give the yield if they can keep it?We are just shifting power from one group of players to other corporations while users and decentralization suffers.Yet, we will do well.People will flee to Defi to earn yield.We can see Kraken and Coinbase creating Cefi wrapper vaults on Defi.This will generate fees to our beloved defi platforms, making their tokens valuable.Whatever happens, we will do well.Solid Intel 📡 (@solidintel_x):INTEL: Tether backed a U. ...

'We don't have much beef in this fight' says Tether CEO as stablecoin yield stalls crypto bill https://t.co/jEev1I4DZv ...

RT James Hunt (@humanjets)ICYMI: Here's a quick news recap from today's Asia & EMEA sessions @TheBlock__ 👇🪙 Paolo Ardoino told The Block that Tether does not take a position on stablecoin yield, amid reports claiming the firm sides with banks on the issue.🏛️ The SEC clarified rules for tokenized securities, placing the asset class under federal securities laws.💰 Sony Innovation Fund invested $13 million in Soneium co-developer Startale Group, kicking off its Series A fundraising.🇷🇺 Russia is set to launch a ...

RT Yogita Khatri (@Yogita_Khatri5)"We don't take a position on the matter. Tether doesn't share yield. So we don't have much beef in this fight."@paoloardoino just told me this when I asked whether the report claiming Tether sides with banks on stablecoin yield is accurate. ...

Core Insights - Gold prices have surged, approaching $5,600 per ounce, marking a significant increase of over 27% in the past year and nearly 100% year-to-date [1][2] - The rally is driven by geopolitical tensions, a weaker U.S. dollar, and speculation regarding potential monetary easing by central banks [2] - Tether has expanded its physical gold holdings to approximately 140 tonnes, valued at around $23 billion, positioning itself as one of the largest non-sovereign gold holders globally [2][3] Market Dynamics - The total market capitalization of gold is estimated at roughly $37 trillion, while Bitcoin's market cap is around $1.8 trillion [6] - A notable 5% increase in gold prices on a single day added the entire market cap of Bitcoin, highlighting the scale of the gold market's movement [4] Future Considerations - Potential scenarios that could trigger a rotation between gold and Bitcoin include renewed monetary expansion, stress in bond markets, and shifts in investor psychology [7] - If the Federal Reserve engages in large-scale balance sheet expansion, both gold and Bitcoin could benefit, with Bitcoin potentially outperforming due to its higher beta [7] - Stress in bond markets could enhance gold's appeal, while Bitcoin may regain its status as an uncorrelated hedge if market conditions worsen [7]

The Morning Minute (1.29)Powered by @yeet⏰Top News:-Crypto majors fall despite neutral FOMC; BTC at $87,800-Hyperliquid’s HIP-3 does $2B+ in volume as Gold & Silver hit ATH-The White House pushed for a meeting with Banks/crypto firms to broker deal on Clarity Act issues-Fidelity announced its own stablecoin FIDD on Ethereum-MegaETH teased its mainnet (and token) launch for Feb 9🌎 Macro Crypto and Markets-Crypto majors are red following a neutral FOMC; BTC -2% at $87,800; ETH -3% at $2,930, SOL -4% at $123; ...

Featured issuers: @maplefinance, @Securitize, @circle, @OndoFinance, @SuperstateInc, @centrifuge, @tether, @Spiko_finance, @BackedFi, @Paxos, @worldlibertyfi, @RobinhoodApp, and many more! ...

Wallet, 0x1b7D, withdrew a combined 194.4 XAUT ($993,000) and 106.2 PAXG ($538,000) from MEXC on the same day.Meanwhile, blockchain analytics firm Lookonchain reported multiple high-value transactions during the final week of January, pointing to sustained whale interest in gold-backed tokens.Now, the precious metal is just shy of Morgan Stanley’s $5,700 forecast, and the $6,000 and $6,600 predicted by the Bank of America and Jefferies, respectively.As of this writing, gold was trading at $5,585, after Gold ...

Core Viewpoint - Tether's increasing demand for physical gold is becoming a significant force in the precious metals market, although its ability to independently influence gold prices remains limited [1]. Group 1: Tether's Gold Allocation Strategy - Tether plans to increase its gold allocation in its investment portfolio from approximately 7% to between 10% and 15% [1]. - If implemented, this adjustment could lead to an additional multi-billion dollar scale of gold purchases, given Tether's current stablecoin circulation of about $186 billion [1]. Group 2: Current Gold Holdings - Tether currently holds approximately 130 to 140 tons of physical gold, valued at around $23 to $24 billion [3]. - The gold allocation in Tether's overall assets has reached 12% to 13% after significant purchases over the past year [3]. Group 3: Market Mechanism and Impact - Tether's gold purchases primarily affect the demand side, as the short-term supply of gold is inelastic [5]. - The annual global gold production is about 3,500 to 3,600 tons, with recycled gold supply around 1,200 to 1,500 tons, making it difficult to significantly increase output in response to sudden demand spikes [5]. Group 4: Marginal Impact on Gold Prices - Tether's gold demand, estimated at 50 to 100 tons annually, accounts for about 1% to 2% of global annual supply, which is insufficient to dominate the market but can create marginal effects [7]. - The immediate impact of Tether's purchases is a tightening of physical gold liquidity, which may narrow bid-ask spreads and make gold prices more sensitive to incremental buyers [7]. Group 5: Price Support and Market Sentiment - Tether's weekly gold purchases of 1 to 2 tons may support gold prices by approximately 1% to 3% in the short term, particularly in contexts of a weakening dollar or rising geopolitical risks [8]. - Tether's positioning of gold as a "central bank-level reserve asset" resonates with market sentiments, especially as central banks have been increasing their gold purchases [9]. Group 6: Limitations of Tether's Influence - Despite Tether's significant role, its gold accumulation will not alter the long-term supply curve of gold, and its purchasing power cannot match that of sovereign buyers and ETFs [9]. - Macro factors such as Federal Reserve policies, dollar strength, and global risk sentiment remain the primary drivers of gold price movements [9]. Group 7: Conclusion - Tether's gold purchasing actions add structural demand support to the gold market, tightening the availability of physical gold and marginally supporting prices [10]. - Ultimately, Tether acts as a "stabilizer" in the market rather than a "game changer," reinforcing an already bullish market backdrop without triggering significant price surges on its own [11].