ChainCatcher message, former President Trump stated on the social platform Truth Social, "America's golden age is coming soon!"

ChainCatcher news, according to Jinshi reports, spot gold reversed its trend on Thursday after reports that U.S. President Trump might sign a trade agreement with the UK, putting pressure on the market, while investors are waiting for the outcome of the U.S.-China trade negotiations this weekend. "In terms of trade agreements, any easing of trade tensions and reduction of uncertainty will be detrimental to gold. If the U.S. announces a trade agreement with the UK, it will have a positive impact on the overall global economy," said Jigar Trivedi, senior commodity analyst at Reliance Securities.

ChainCatcher news, spot gold has once again risen above the $3400/ounce mark, with an intraday increase of over 1%.

ChainCatcher news, Coinbase announced that it will support PAX Gold (PAXG) on the Ethereum network (ERC-20 tokens), with trading set to begin on May 8, 2025, at 9 AM Pacific Time or later, if liquidity conditions are met. Once the supply of this asset is sufficient, the PAXG-USD trading pair will be rolled out in phases. Some supported jurisdictions may impose restrictions on the support for PAXG.

ChainCatcher news, according to CoinDesk, despite Bitcoin's year-to-date increase of 3.8% being far less than gold's 29% surge, BlackRock's spot Bitcoin ETF (IBIT) still ranks sixth in the U.S. ETF fund inflows with a net inflow of $6.96 billion, surpassing the world's largest gold ETF (GLD) at $6.5 billion. This phenomenon shows that institutional investors remain optimistic about the long-term value of cryptocurrencies.Gold benefits from geopolitical tensions and inflation concerns, standing at $3,384 per ounce, while Bitcoin has fallen over 10% from its historical high in January. Analysts point out that the continued capital inflow during periods of weak prices confirms Bitcoin's asset allocation value as "digital gold," and it is expected that the BTC ETF scale will reach three times that of the gold ETF within 3-5 years.

ChainCatcher news, according to documents submitted by Defiance ETFs, LLC to the U.S. Securities and Exchange Commission (SEC), the firm has applied for four new exchange-traded funds, including:Bitcoin vs. Ethereum ETF: Long BTC, Short ETH;Ethereum vs. Bitcoin ETF: Short BTC, Long ETH;Bitcoin vs. Gold ETF: Long BTC, Short Gold;Gold vs. Bitcoin ETF: Short BTC, Long Gold.It is reported that each fund tracks the leveraged performance of one asset relative to another through derivatives and employs an active management approach, seeking total return through synthetic exposure to the underlying assets. These funds do not hold spot assets but instead establish leveraged exposure using a combination of futures contracts, swaps, options, and ETFs or exchange-traded products (ETPs) listed in the U.S.

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas posted on social media, "IBIT absorbed another $500 million yesterday, marking 15 consecutive days of inflows, currently ranking sixth in annual inflows, surpassing GLD.Considering that IBIT has only risen 4%, while GLD is in its historically best performance period, the ability to attract more inflows under these circumstances is a very positive signal for the long-term outlook, and it strengthens our confidence in the prediction that the assets under management of Bitcoin ETFs will reach three times that of gold ETFs within 3-5 years."

ChainCatcher news, according to Jinshi reports, IG market strategist Yeap Jun Rong stated: "Gold prices started to rise strongly this week as investors returned to safe-haven assets to hedge against the portfolio volatility caused by renewed tariff concerns raised by U.S. President Donald Trump. Any dovish signals from the Federal Reserve could provide further support for gold, strengthening its overall upward momentum."

ChainCatcher news, according to official sources, Coinbase will list PAX Gold (PAXG) on its coin roadmap. PAX Gold (PAXG) is a digital currency issued by Paxos that is backed by gold, with each PAXG anchored to 1 ounce of gold. Holding PAXG tokens represents ownership of physical gold held by Paxos Trust Company.

ChainCatcher news, according to Jinshi Data, spot gold has risen above $3300/ounce for the first time since April 30, with a daily increase of 1.83%.

ChainCatcher news, according to Jinshi reports, spot gold has broken through 3290 USD/ounce, up 1.51% for the day.

According to ChainCatcher news reported by CoinDesk, Kyrgyzstan is planning to officially launch a stablecoin named Gold Dollar, with the token code USDKG, in the third quarter (Q3) of 2025.Project advisor Gabriel Guerra introduced that USDKG will be a stablecoin pegged to the US dollar at a 1:1 fixed rate, with its value supported by physical gold reserves held by the Kyrgyzstan Ministry of Finance. In the initial phase, gold worth $500 million will be used as reserves, with plans to expand this reserve to $2 billion in the future, ensuring transparency through independent audits. To address the risk of gold price fluctuations, USDKG will adopt an over-collateralization design. Its main goal is to facilitate cross-border payments and international trade, especially in the context where remittances account for up to 30% of the country's GDP. The initial market focus of USDKG will be Central Asia, with future plans to expand to Southeast Asia and the Middle East. It is worth noting that USDKG aims to anchor the value of the US dollar rather than track the price of gold (unlike PAXG, etc.), and holders will be able to redeem it for physical gold, other crypto assets, or withdraw it as fiat currency in the future.

ChainCatcher message, gold advocate and economist Peter Schiff posted on X stating, "U.S. stock index futures and the dollar are both facing sell-offs. However, gold and Bitcoin are showing completely opposite trends again. Gold is behaving like a safe-haven asset, rising about 1%. Meanwhile, Bitcoin's trading performance resembles that of a risk asset, falling about 2%. Clearly, Bitcoin is not digital gold."

ChainCatcher news, Binance founder Zhao Changpeng posted on X stating, "I do not oppose gold, but it is not a limited supply asset."Gold prices reached an all-time high in April, followed by a correction.

ChainCatcher news, according to the Economic Observer, Lin Chunhao, chairman of Guangdong Jin Yao Key Holding Group, has admitted that the company has gone bankrupt, with total losses from its virtual currency business reaching 68.98 million yuan.In a letter to investors, Lin Chunhao stated that the total funds raised from clients, approximately 1.339 billion yuan, have all been lost. In addition to virtual currency investments, the company has also faced investment failures in multiple areas including lending, stocks, and bills. Currently, the Economic Crime Investigation Team of the Futian Branch of the Shenzhen Public Security Bureau has filed a case for investigation. The company previously attracted clients with high interest rates, promising investors an annualized return of up to 9%.

ChainCatcher news, according to Jinshi reports, due to the decline in the dollar and U.S. Treasury yields, gold futures rose in relatively light trading. However, after a significant sell-off on Thursday, they are down overall this week.Analysts at SP Angel stated in a report that the outflow of ETF funds indicates that traders and investors have taken profits after gold prices have risen 21% year-to-date. SP Angel noted that easing trade tensions are reducing gold's appeal, while Trump announced he does not intend to fire Powell. The focus now shifts to the U.S. employment data to be released on Friday. If the data is weaker than expected, it would boost optimism about a rate cut by the Federal Reserve, which would be favorable for non-yielding gold.

ChainCatcher news, Coinbase Asset Management President Sebastian Beyer recently stated on "The Scoop" that if the U.S. government reassesses the price relationship between gold and the dollar, it could accelerate its plans to purchase Bitcoin.He pointed out that Bitcoin is transitioning from a highly volatile tech asset to a value storage tool similar to gold, a trend that is attracting more institutional attention and portfolio integration. Beyer emphasized that institutional interest in Bitcoin is growing, marking its maturation as an asset class.

ChainCatcher news, according to official sources, Tether has announced that its gold tokenization product Tether Gold (XAUT) is now compliant in El Salvador and has released the first official audit report of XAUT that meets the new regulatory framework.The report states that each XAUT token is backed by 1:1 physical gold, which is securely stored in a dedicated vault within a world-class facility in Switzerland, with the circulating XAUT tokens backed by over 7.7 tons of physical gold.