ChainCatcher news, according to CoinDesk, asset management company Bitwise launched an exchange-traded product (ETP) tracking Bitcoin and gold on March 6 in the Euronext exchanges in Paris and Amsterdam.The product, named Bitwise Diaman Bitcoin & Gold ETP (BTCG), replicates the Diaman Bitcoin and Gold Index, which dynamically reallocates value between BTC and gold based on the risk-adjusted performance of Bitcoin, in order to take advantage of the cyclical trends between risk appetite and risk aversion behavior in financial markets.

ChainCatcher news, according to Zerohedge, Bloomberg macro strategist Simon White analyzed that the market expects the U.S. to revalue its gold reserves to fund the purchase of cryptocurrencies. Although Trump announced over the weekend the establishment of a cryptocurrency strategic reserve fund, he did not address how to purchase these cryptocurrencies, leaving open the possibility of a revaluation of U.S. gold reserves.Recent comments by U.S. Treasury Secretary Basant regarding the monetization of assets on the balance sheet pointed to a feasible way to finance a cryptocurrency fund: the U.S. could revalue its gold holdings. However, the revaluation of gold could either weaken or strengthen the dollar's reserve status, undermine the independence of the Federal Reserve, and have significant implications.

ChainCatcher news, Bridgewater founder Dalio recently stated that the current global monetary system is based on debt, and governments may devalue their currencies through inflation or low-interest rate policies. Investors should consider whether there is an alternative currency that does not rely on debt and is relatively stable. He believes Bitcoin could be one of the candidates and may play an important role in the future, but emphasized that "money is essentially also debt," and a true alternative currency still needs further exploration.Dalio pointed out that Bitcoin's advantage as a safe-haven asset lies in its strong liquidity; unlike real estate, it is not fixed in one place, making it harder to tax or confiscate. However, he also stressed that the diversity and robustness of investments are more important.When asked about his views on gold, Dalio stated that he is more optimistic about gold than ever before, but advised investors to remain restrained. He believes the future is full of uncertainties, and investors need to build a diversified portfolio to cope with it. He suggested a "cautious" gold allocation of 10% to 15%, which can provide protection while avoiding excessive reliance on a single asset. He emphasized that a reasonable asset allocation is an important strategy to deal with future uncertainties.

ChainCatcher news, according to The Block, analysts from research and brokerage firm Bernstein pointed out that President Trump's statements regarding cryptocurrency reserves have evolved from "Bitcoin as a national reserve" during the campaign to "national digital asset reserves," and recently to "cryptocurrency strategic reserves." Analyst Gautam Chhugani stated in a client report released on Monday: "It is currently unclear whether a strategic reserve can be created solely through a presidential executive order. If it involves the Federal Reserve's balance sheet, specific legislation would be required from Congress."While there are views that the U.S. Treasury's Exchange Stabilization Fund could be used to purchase cryptocurrencies without the need for immediate congressional approval, the fund's primary responsibilities are managing foreign exchange and maintaining financial stability, and using it for crypto reserves may face legal and political challenges. If crypto reserves are approved by Congress, Bernstein analysts proposed several potential sources of funding, including re-evaluating and reallocating gold reserves, issuing government bonds, reallocating Federal Reserve balance sheet funds, or collaborating with U.S. institutional asset managers.Regarding asset allocation methods, analysts suggested a market-cap weighted distribution: 75% allocated to Bitcoin, 11% to Ethereum, 4% to Solana, and the remaining 10% to other assets. Bernstein analysts believe: "A realistic path may be for the U.S. government to persuade Congress to accept Bitcoin as a new form of digital gold/global store of value and to conduct a gold re-evaluation/gold reserve reallocation."

ChainCatcher news, according to Forbes, Bitcoin has long been hailed as "digital gold," but Ethereum has quietly surpassed Bitcoin in a key metric in recent years: supply expansion.Since the merge in September 2022, Ethereum's supply growth rate has been lower than Bitcoin's, challenging the long-held assumption that Bitcoin is the best form of sound money. Unlike Bitcoin's fixed cap of 21 million coins, Ethereum's design is adaptive, allowing its supply to expand or contract based on network activity.Analysts believe that Bitcoin ensures absolute scarcity, while Ethereum is more adaptive and flexible, able to adjust according to market conditions. If sound money means supply growth, Ethereum has unexpectedly surpassed Bitcoin in this regard in recent years.

ChainCatcher news, according to Bitcoin News, U.S. Senator Rand Paul is calling for a comprehensive audit of the U.S. Mint's gold reserves, including physical inspections. He also requested to personally inspect Fort Knox and other vaults with his staff.

ChainCatcher news, according to The Block, Copper's research director Fadi Aboualfa stated that Trump's plan to audit the Fort Knox gold reserves may trigger a comprehensive review of gold holdings or prompt investors to turn to Bitcoin. If gold ETFs cannot verify their full backing, they may trade at a discount, leading to a loss of global liquidity.Aboualfa pointed out that as U.S. banks transfer gold from London to New York, delivery delays are worsening, and there may be a price dislocation between the spot market and unallocated gold ETFs. Given that the paper gold market is 133 times the size of the physical supply, this situation could lead to global liquidity disturbances and impact the Bitcoin market.

ChainCatcher news, according to SoSovalue statistics, as of now, twenty state-level administrative regions in the United States are initiating relevant legislative procedures. Among them, fifteen states have had their bills formally received by the House and have entered the committee review stage, forming operational legal drafts. The Bitcoin Strategic Reserve Bill is creating a regional legislative wave in the U.S.Taking Utah as an example, Bill HB0230 will allow the state's four public funds (namely, the State Disaster Recovery Restricted Account, the General Fund Budget Reserve Account, the Income Tax Fund Budget Reserve Account, and the Medicaid Growth Reduction and Budget Stabilization Account) to invest up to 5% of their total assets in Bitcoin. According to the 2024 Utah financial report data, this means a potential purchasing power of over $70 million.SoSovalue analysts state that the Strategic Bitcoin Reserve Bill is not only a new breakthrough for Bitcoin in the traditional financial system but also a historic advancement. As more state governments explore similar strategies, the trend of public funds holding Bitcoin may reshape the global market's definition of Bitcoin as an asset, defining Bitcoin not just as digital gold, but as part of national and institutional asset allocation, further solidifying its position in the global financial system.

ChainCatcher news, according to Bitcoin Magazine, Trump's newly appointed Secretary of Commerce Howard Lutnick stated, "I believe Bitcoin should be traded freely around the world like gold."

ChainCatcher news, according to 4E monitoring, the Federal Reserve's monetary policy meeting minutes suggest that they will hold steady until there is more progress on inflation. On Wednesday, U.S. stocks opened lower but rose throughout the day, with all three major indices closing higher. The S&P 500 index rose 0.24%, hitting a new high for two consecutive days, the Dow Jones increased by 0.16%, and the Nasdaq gained 0.07%. Large tech stocks had mixed performances, with Tesla up 1.82% and Nvidia down 0.12%.The cryptocurrency market saw a slight rebound against the backdrop of rising U.S. stocks. After a flash crash to a two-week low on Tuesday, Bitcoin was in a fluctuating upward trend throughout Wednesday, briefly climbing to a high of $97,000 before pulling back slightly, currently reported at $96,810, up nearly 1.5% in 24 hours.Ethereum and altcoins generally warmed up, with Ethereum currently at $2,730, up nearly 2.02% in 24 hours. On-chain activity has cooled, meme popularity has significantly decreased, and SOL continues to perform weakly. The overall market is still oscillating within a range, with no clear direction yet. In the forex commodities sector, the U.S. dollar index rose by 0.11%; spot gold retraced after hitting a historical high of $2,947 during the day, with the daily increase narrowing to 0.15%; multiple messages have increased the outlook for tight oil supply, leading to a continued rebound in oil prices, with Brent crude rising for three consecutive days to a one-week high.The Federal Reserve's January meeting minutes indicate that officials believe inflation needs to continue declining before any further rate cuts can be considered, but policies such as Trump's tariffs pose upward risks to inflation. Overall, the minutes further reinforced market expectations of a "pause in rate cuts," with the Federal Reserve firmly in a "wait-and-see" mode. eeee.com, as a financial trading platform supporting cryptocurrencies, stock indices, commodity gold, forex, and other assets, recently launched a USDT stablecoin financial product with an annualized yield of 8%, providing investors with a potential hedging option. 4E reminds you to be aware of market volatility risks and to allocate assets wisely.

ChainCatcher news, according to Cointelegraph, Kyrgyzstan rejects central bank digital currency (CBDC) and turns to support gold-backed stablecoins.

ChainCatcher news, according to Jinshi reports, Wrightson ICAP stated that under the debt ceiling constraints, revaluing the U.S. gold reserves may seem tempting, but it will have profound effects on the financial system, increase liquidity, and extend the Fed's balance sheet reduction timeline. The core idea is that the government should revalue its gold reserves from $42.22 per ounce (the legacy price of the Bretton Woods system) to market prices.Wrightson ICAP economist Lou Crandall indicated that the likelihood of reassessing the Treasury's gold holdings is low, the benefits would be minimal, and the public relations response could be quite chaotic.

ChainCatcher news, according to Jinshi reports, the spot gold price has reached a new historical high after a week, currently reported at 2946 USD/ounce.ANZ research report points out that as the market focus returns to the uncertain economic backdrop, gold prices are rising. The risk of a full-blown trade war is very high, which has stimulated investor demand for safe-haven assets such as gold.

ChainCatcher news, according to Bloomberg senior ETF analyst Eric Balchunas's analysis on X, the asset holding ratio of 13F filing institutions in most Bitcoin ETFs has reached 25-30%, and it is expected to eventually reach a level similar to that of gold ETFs (GLD) at 40%, indicating that there is still 10-15% growth potential.

ChainCatcher news, the intraday increase of spot gold has expanded to 1.00%, currently reported at 2928.33 USD/ounce.