paxg

Coinbase posted on platform X that users can now borrow USDC in the United States, except for New York State, by collateralizing PAX Gold (PAXG).

Stablecoin and token issuer Paxos stated on social media that earlier today, reports revealed that Binance was affected by a security incident. Blockchain analysis shows that PAXG tokens held on the Binance platform were transferred to an address suspected to belong to the attacker.Paxos stated that after confirming the relevant reports through its own blockchain investigation, it has frozen 1,906.67 PAXG in wallet 0x5227f603C1eE34CE3C06eFe6477003BDfCCB2f8c. The Paxos system was not affected by this incident, and the reserves of PAXG, PYUSD, and USDG remain fully intact, with redemptions continuing to operate normally, and updates will be provided in a timely manner as details are disclosed.

According to PR Newswire, Paxos Labs announced the launch of the gold-backed token PAXGy, with PAX Gold as the underlying asset, and holdings measured in ounces of gold. PAX Gold is fully backed by investment-grade gold in LBMA vaults and independently verified by KPMG.Holders can obtain PAXGy by depositing PAX Gold or exchanging accepted stablecoins.

In the RWA on-chain market, the scale of tokenized gold is 5.1 billion dollars, accounting for 11%. Among them, XAUT has a scale of 2.7 billion dollars, PAXG is 1.9 billion dollars, followed by KAU at 230.8 million dollars, PGOLD at 85.1 million dollars, and XAUM at 66.1 million dollars.

According to on-chain analyst @ai_9684xtpa's monitoring, a new address (0x362...95c45) withdrew 1000 PAXG from OKX in the past 7 hours, worth 4.428 million USD.After the rise in gold prices, the address has an unrealized profit of 36,000 USD.

According to CoinGlass data, XAUT is currently priced at $4061.57, with a 24-hour increase of 2.2%, and the total spot trading volume across the network is approximately $70.5543 million. Among them, the spot trading volume of XAUT on the Gate platform is about $12.4696 million, ranking second in the network.PAXG is currently priced at $4064.11, with a 24-hour increase of 2.18%, and the total spot trading volume across the network is approximately $27.3992 million, of which the spot trading volume of PAXG on the Gate platform is about $1.2689 million, ranking third in the network.

The gold token PAXG issued by Paxos has been launched on the Solana mainnet through the Sunrise protocol, becoming the first gold token regulated by the Office of the Comptroller of the Currency (OCC) and available in the Solana ecosystem.

On June 23, WEEX Exchange announced that the WEEX Gold Contract Trading Competition has been extended until June 30. During the event, new users who net recharge ≥ 100 U and complete their first spot transaction of gold tokens (PAXG / XAUT) (trading volume ≥ 50 U) will receive a 10% interest coupon for PAXG / XAUT wealth management and a bonus of 10 USDT. In addition, both new and existing users participating in PAXG / XAUT contract trading can receive corresponding rewards by achieving trading volume tasks, with a maximum individual bonus of 200 USDT.

UPBIT will launch BTC and USDT trading for PEAQ and LIT at 15:00 on June 19, while trading for KMNO and MORPHO will start at 16:00 on June 19. Trading for GRAM, LDO, and PAXG will begin at 18:00 on June 19, and trading for OSMO and AMP will start at 19:00 on June 19. Users can pay attention to subsequent announcements for specific trading pair information.

According to CoinGlass data, XAUT is currently priced at $4296.98, with a total contract trading volume of approximately $595 million and an open interest of about $579 million. Among them, Gate has an open interest of approximately $125.38 million, ranking third in the entire network. PAXG is currently priced at $4309.93, with a spot trading volume of approximately $16.0461 million and a market capitalization of about $1.965 billion. The PAXG funding heat map for the past hour shows that Gate recorded a net inflow of approximately $27,100, ranking second. As gold prices continue to attract market attention, the trading and holding demand for digital gold assets remains active. Gate continues to demonstrate leading liquidity and market depth in the digital metal asset trading sector.

According to on-chain monitoring data, Gate's hot wallet transferred out 219.99976 PAXG (approximately 985,500 USD).

According to Onchain Lens monitoring, a newly created wallet withdrew 843 PAXG from Binance, worth 3.98 million dollars.

According to on-chain monitoring data, Gate's hot wallet transferred out 299.999726 PAXG (approximately $1.4092 million). The PAXG market shows a current price of about $4690.54, with a market capitalization of approximately $2.26 billion.

The address 0x90e...cBe54 withdrew 444 XAUT, worth approximately 2.08 million dollars, from Bitget 2 hours ago, suspected of re-entering the digital gold sector. This address previously accumulated 777 PAXG at an average price of 3301 dollars, then sold 555 at around 4655 dollars, making a profit of about 751,000 dollars. The remaining 222 PAXG are still held and have an unrealized profit of about 307,000 dollars, with a total profit exceeding 1.06 million dollars from both transactions.

According to Arkham data, at 06:37, 1240.02 PAXG (worth approximately 5.78 million USD) was transferred from an anonymous address (starting with 0xBC11...) to Coinbase.

According to Arkham data, at 21:34, 620 PAXG (worth approximately $2.828 million) was transferred from an anonymous address (starting with 0x4dd8...) to Coinbase.

According to Arkham data, at 02:12, 1000 PAXG (worth approximately $4.3886 million) was transferred from Paxos to B2C2 Group.

According to Lookonchain monitoring, the whale 0x24B1 has just withdrawn 3,477 PAXG (gold tokens) from OKX, worth approximately 15.68 million dollars.

According to Arkham data, at 23:54, 1000 PAXG (worth approximately 4.588 million USD) was transferred from Paxos to B2C2 Group.

According to Arkham data, at 04:20, 785.27 PAXG (worth approximately 3.93 million USD) was transferred from Null Address to Paxos.