Tether Gold (XAUT) Hits 7.7 Tons of Physical Gold Backing, Leading Tokenized Gold Market Amid Economic Turmoil

In a bold move toward digital asset stability, Tether Gold (XAUT) has achieved a major milestone, now backed by more than 7.7 tons of physical gold. The development comes amid rising economic instability, positioning XAUT as a key player in the growing tokenized gold market. According to Tether’s latest attestation report released April 28, a…

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Stablecoin Usage Outpaces Visa — Or Does It? Industry Voices Doubt

Recent headlines tout a major milestone for the cryptocurrency world: stablecoin transactions in 2024 reportedly outpaced Visa’s annual volume, hitting a staggering $13.5 trillion. But as the hype grows, so does the skepticism. Industry experts are urging caution, warning that much of this volume may be inflated by bots, wash trades, and flash loans—activities that…

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BlackRock’s Bitcoin ETF Breaks Records with Almost $1 Billion in One-Day Inflows

In a historic surge, iShares Bitcoin Trust ETF (IBIT) pulled in a staggering $971 million in inflows on Monday, according to data from SoSoValue. This marks the second-largest single-day inflow for IBIT since its debut in January 2024, reaffirming the growing institutional appetite for Bitcoin-backed financial products. While IBIT basked in massive inflows, rival ETFs…

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