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 message, according to Wall Street Journal reports, the strong non-farm payroll data released on Friday led both Goldman Sachs and Barclays to make a unanimous expectation: the next interest rate cut by the Federal Reserve may have to wait until at least July.Goldman Sachs still expects three rate cuts of 25 basis points each in 2025, scheduled for July, September, and December, but also warns that if future employment data remains strong, the timing of the rate cuts may be further delayed.

ChainCatcher news, according to Jinshi reports, Goldman Sachs expects the Federal Reserve to make its next rate cut in July, previously predicted for June, due to strong non-farm payroll data.

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, according to CNBC, Goldman Sachs' global head of digital assets, Mathew McDermott, stated at TOKEN2049 that the firm will expand its digital asset trading activities, explore crypto lending, and heavily invest in tokenization. Mathew McDermott mentioned that an increasing number of Goldman Sachs clients are eager to engage more actively in digital asset trading, and Goldman Sachs will focus on business implementation. The firm hopes to obtain various regulatory approvals. Previously, Goldman Sachs was primarily active in secondary market trading such as private equity, but in the future, it will promote tokenization and collateral liquidity business.

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.

ChainCatcher news, Goldman Sachs interest rate strategists noted in a report that there have been no significant signs in recent weeks indicating that foreign investors are massively selling U.S. Treasuries, but global portfolios are expected to gradually adjust.The strategists stated, "The reset of the risk premium on U.S. Treasuries and the weakening of the dollar are adjustments needed to compensate for the deterioration of risk portfolios and incentivize future demand from global investors." They pointed out that in an environment of increasing supply of safe assets, U.S. Treasuries may face pressure due to the gradual adjustment of global portfolios, "but the scale of foreign holdings combined with specific U.S. risk factors at least reinforces our view that the adjustment of relative risk premiums should have a certain degree of persistence."

ChainCatcher news, according to Crowdfundinsider, the latest research report from the New York Digital Investment Group (NYDIG) points out that amidst the current economic uncertainty, Bitcoin is beginning to exhibit characteristics of a non-sovereign store of value.The report mentions that since the so-called "Trump Liberation Day" on April 2, 2025, the US dollar and long-term US Treasury bonds have performed poorly, while gold, the Swiss franc, and Bitcoin have gained favor in the market. While the US stock market has declined, Bitcoin has risen 10.3%, indicating a trend of decoupling from traditional risk assets.NYDIG emphasizes that although this trend is still in its early stages, current data is insufficient to confirm that Bitcoin's role as a safe-haven asset has been widely accepted by the market. However, considering the current structural volatility in the market and the weakening confidence in traditional safe-haven assets, Bitcoin may become one of the choices for investors seeking alternative stores of value.

ChainCatcher news, according to Jinshi reports, spot gold continues to decline, breaking below $3270/ounce, down 1.50% for the day.

ChainCatcher news, according to a market survey of Korean investors conducted by Coinness and Cratos, 45.4% of respondents believe that Bitcoin's increase will surpass that of gold in the next six months.In the survey, 46.2% of respondents expect Bitcoin to continue to rise or rise significantly next week, while 38.9% expect it to remain flat, and 14.9% expect it to decline.Regarding market sentiment, 49.9% of respondents expressed neutrality, 31.5% expressed optimism or extreme optimism, and 18.6% expressed fear or extreme fear. Against the backdrop of a growing preference for safe assets among global investors, 27.9% of respondents believe that gold will perform better, 22.7% expect both to rise, while 4% believe that both Bitcoin and gold will decline.

ChainCatcher news, according to The Kobeissi Letter, the gold ETF GLD saw an outflow of $1.3 billion on Wednesday, marking the third largest outflow on record. The fund set a record last week with an inflow of about $1.9 billion in a single day. Therefore, according to Goldman Sachs, GLD became the third most traded ETF on Wednesday.Additionally, the gold miners ETF GDX experienced an outflow of $200 million, the largest single-day outflow in the past 12 months.Meanwhile, gold prices fell by 2.7% on Wednesday, marking the second largest decline of the year.

ChainCatcher news, COMEX gold prices rose 1.81% to $3361.30 per ounce, and Shanghai gold main contract rose 1.02% to 796.46 yuan per gram.Regarding interest rate cuts, Federal Reserve's Kashkari stated that some companies are scenario planning for potential layoffs if uncertainty persists; Waller mentioned that as unemployment rises, rate cuts may begin; Harker indicated that the Federal Reserve needs to remain patient, stating that it is still too early to adjust rates, and if necessary, the Federal Reserve will act swiftly.In addition, U.S. President Trump stated that the Federal Reserve should cut rates, expressing hope for a rate cut and criticizing the Federal Reserve for its slow actions. The latest CME "FedWatch" data shows that the probability of maintaining the interest rate in May is 91.7%, the probability of a 25 basis point cut is 8.3%, the probability of maintaining the interest rate in June is 37.3%, the cumulative probability of a 25 basis point cut is 57.8%, and the cumulative probability of a 50 basis point cut is 4.9%. Overall, recent statements from Federal Reserve officials have shifted, focusing on whether market expectations for a rate cut in June will change significantly.

ChainCatcher news, according to Jinshi reports, U.S. President Trump will be interviewed by Jeffrey Goldberg, the editor-in-chief of The Atlantic.