【导读】美股科技巨头回调，纳斯达克指数收跌0.28%。关税大消息传出，部分汽车股短线走高 中国基金报记者储是 美股科技巨头回调带动纳指下跌。据报道，特朗普考虑对在美最终组装的汽车给予重大关税减免，部分汽车股短线走高。 中国金龙指数本周累计上涨2.58%，中概互联和汽车板块周五回调。 伯克希尔调整公司权力结构。特朗普对哈马斯"最后通牒"见效，油价结束连跌。 美国政府持续"关门" 美股三大指数涨跌不一 美东时间10月3日（周五），美股三大指数涨跌不一，科技股回调带动纳斯达克指数下跌。道琼斯指数和标普指数收涨，并创下新高。 截至收盘，道琼斯指数上涨0.51%，报46758.28点；标普500指数上涨0.01%，报6715.79点；纳斯达克指数下跌0.28%，报22780.51点。 中概互联网、汽车股回调 由于美国劳工部暂停几乎所有经济活动，盘前未发布9月份非农就业报告。盘后，美国参议院再度否决了两党提出的临时拨款法案，联邦政府将持续"关 门"。 非农数据是影响美股走势的关键要素，同时也是美联储决议的参考数据。芝商所"美联储观察"工具显示，市场预计本月降息25个基点的概率接近95%。 科技巨头回调 汽车股盘中短线走高 ...

Core Insights - Tether's gold-backed stablecoin XAUT has surpassed a market capitalization of $820 million, supported by over 246,000 ounces of physical gold, indicating a rapid acceleration in the trend of gold tokenization [1][8] - Despite the growth in market cap, on-chain adoption remains low, with only about 8,000 addresses holding XAUT, and Tether and Binance controlling approximately 60% of the supply [1][6] - The decentralized finance (DeFi) ecosystem faces challenges and opportunities in promoting the widespread adoption of gold assets, with platforms like XBIT aiming to enhance liquidity and user engagement [1][5] Market Dynamics - The rise of XAUT is attributed to multiple macroeconomic factors, including geopolitical instability, high global inflation, negative real yields, and declining trust in fiat currencies, which have collectively increased the demand for gold as a safe-haven asset [3][8] - XAUT's liquidity on major DeFi platforms is gradually improving but has not yet reached a threshold for mass adoption, with Uniswap V3's active liquidity pool for XAUT at approximately $2.2 million and Curve's XAUT/PAXG pool at around $1.1 million [3][8] Institutional Interest - U.S. institutions are actively seeking gold-backed digital assets as part of diversified investment portfolios, with the launch of XAUT further stimulating this demand [4][5] - Hyperliquid has integrated XAUT on its platform, marking it as the first tradable gold token asset in its spot market, which is seen as a significant step towards mainstreaming gold tokens [4][5] Technological Integration - The integration of LayerZero's LZCompose functionality allows seamless interaction between HyperEVM and HyperCore, enabling users to trade, lend, and bridge cross-chain assets around the clock [5] - DeFi protocols like Fluid and Aave are beginning to incorporate XAUT, which is expected to enhance liquidity and provide lending functionalities, potentially attracting long-term investors [5][8] Future Outlook - The uneven distribution of XAUT holdings, with a significant concentration among a few large holders, reflects the limitations of the early adoption phase [6][8] - As more platforms join the ecosystem and provide liquidity incentives, user participation is expected to increase, with U.S. markets responding positively to gold tokens [6][8] - The ongoing economic uncertainty and potential further declines in real yields may lead to explosive growth for assets like XAUT, as they become more mainstream [8]