Gate News bot reported that Bloomberg ETF analyst Eric Balchunas stated on social media: "BlackRock's IBIT Assets Under Management has just surpassed $70 billion, making it the fastest ETF ever to reach this level in just 341 days." Balchunas noted that this milestone was achieved about five times faster than the previous record holder, SPDR Gold Shares (GLD), which took 1,691 trading days to reach $70 billion in Assets Under Management.

Odaily Planet Daily News Pixels announced on X platform that the Barneys Bazaarn Blitz mission has been launched. Users who participate in the mission and rank in the top 5000 will receive Pixel rewards. In addition, participants will have the opportunity to receive Green Blitz Clams, GOLD Blitz Clams, and opening the gifts after the event will have the chance to get pets, land, and Bazaarn.

Golden Finance reported that the first Gold distribution of the second phase of Blast has been launched, and the main purpose of the second phase is to support the development of mobile DApps and incentivize users to use these DApps through the Blast App. In the first Gold allocation of the second phase, 10 million Gold will be allocated to DApps, with 9.5 million Gold reserved for existing DApps and 500,000 Gold allocated to new DApps. The new category is prediction market with a weight of 4.

PANews July 9th news, Blast announced that Phase 2 Gold Distribution 1 is now online. In this distribution, 9.5 million Gold is allocated to existing Dapps, and 50,000 Gold is allocated to new Dapps. prediction market (new category) has the highest Dapp category weight of 4.

The Blast ecosystem DApp failed to distribute all the points to users within the specified time, and the points will be excluded. The NFT trading platform Blaze has transferred the remaining 72675 Gold to its wallet and will distribute these tokens to the collectors who participated in the third round of Blaze activities as soon as possible after the TGE. Blaze is contacting the Blast team to resolve this issue.

Blast token issuance protocol ZAP announced on X platform that the distribution of 35000 Blast Gold in two phases has been completed, with 20000 Blast Gold allocated to the treasury holders and 15000 Blast Gold allocated to ZAP users. At the same time, Blast Points will also be distributed in the next few hours, and the ZAP Blast Gigadrops airdrop event rewards are also being distributed. Over 20 projects participating in this airdrop activity are independently distributing rewards, and ZAP users will receive long-term airdrop rewards in various aspects.

Ethereum core developers are considering increasing the Layer 1 Gas limit by four times to 150 million in the next Hard Fork Fusaka. This move aims to expand execution capacity without requiring new features, but it needs developer guidance for testing and fixing bugs. Validators have supported raising the Gas limit, which is currently slightly below 36 million. Pectra is planned to go live in May, and Fusaka may launch by the end of 2025.

PANews reported on January 31st that Swiss banking giant UBS has completed the conceptual verification of its "UBS Key4 Gold" gold product on the ETH layer-2 network ZKSync. The move aims to explore how to expand its gold products while protecting privacy. Key4

Golden Finance reported that UBS completed the conceptual verification of its "UBS Key4 Gold" product on the ETH 2nd layer network ZKsync. UBS's Key4 Gold

Blast announced the merger with Arcade Research and the Blast Foundation, operated by Pacman, and launched an application created by the Pacman and Arcade Research teams, gradually introducing more applications on the Allowlist, and eventually removing the Allowlist. Now, Blast users can claim points and exchange GOLD for BLAST Token through the Airdrop page on the desktop website.

Golden Finance reported that encryption payment solution provider Alchemy Pay has announced the launch of Tether Gold (XAUt), and users can buy and sell XAUt through the Ramp platform. XAUt is a digital token backed by physical gold launched by Tether, with each token representing ownership of one troy ounce of gold on a physical gold bar that meets the quality assurance requirements of the London Delivery.

The MetaCene game will start a new round of testing on July 28th, offering 3 million dollars worth of MAK and Non-fungible Tokens as game rewards. At the same time, the MetaHero Ambassador Program will be launched, offering ambassador rewards worth 140,000 dollars. The price of game assets has risen by over 280%.

Odaily Planet Daily News Stablecoin issuer Paxos strategically invests in online gold trading platform Argo Digital Gold, it is reported that Argo Digital Gold

Golden Finance reported that Blast posted on X platform and received many questions regarding the second phase plan, how users and teams can participate, and the overall operation. The second phase has points and gold, similar to the first phase, but according to the experience and lessons learned from the first phase, the distribution mechanism will be different, Blast

Since the beginning of this year, gold-backed cryptocurrencies Paxos Gold (PAXG) and Tether Gold (XAUT) have risen over 24%, attracting investors seeking safe-haven assets. Despite the decline in Bitcoin and the overall cryptocurrency market, these tokens have still performed strongly. According to data, the total market capitalization of gold-backed cryptocurrencies is approaching $1.4 billion, indicating their increasing influence in the market.

The performance of Crypto Assets supported by gold is poor, with PAXG and XAUT prices falling by about 1%, while the overall Crypto Asset market rebounds. Under the threat of Trump, safe-haven asset prices fall. Morgan Stanley believes that global inflation and geopolitical risks may provide investment opportunities for gold, boosting gold price forecasts. Citi and UBS have raised their short-term targets to $3000, both bullish on gold.

Blast announced the launch of the 6th phase of the 2nd stage of GOLD integration, providing 11 million new Blast Gold to DApps. The top three projects are Thruster, Fantasy, and Predict.FUN, etc.

George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, stated that BTC investment cannot provide the stability of gold and believes that the crypto market is attempting to manipulate investors. He urges investors who value the security features of gold to reconsider whether to invest heavily in BTC. At the same time, he believes that gold will continue to demonstrate excellent performance.

Wang Wenling, the Vice Chairman of the Social Security Fund, met with David Tait, the Chief Executive Officer of the World Gold Council, to discuss topics such as the prospects of gold investment. Both parties discussed the significance, prospects of gold investment, and its development in Europe, expressing hope to maintain communication and exchanges in the future.

Trump's victory led to investors taking profits, with the world's largest gold ETF, SPDR Gold Trust, seeing outflows of about $1 billion, the largest weekly outflow since July 2022. The total holding of the gold ETF dropped by 0.4%, marking the second consecutive weekly decline. Investors exited their positions to take profits due to Trump's victory in key battleground states and Republican control of the Senate, leading to a decline in the prices of gold and gold mining stocks.

Golden Finance reported, Paxos

Tether has launched the open platform Alloy, which allows the creation of different series of assets with a wider support mechanism, such as aUSDT, which is backed by gold and pegged to a reference fiat currency. Tether Gold is required to be used as collateral to create it, mainly for users who want to use a currency that is as familiar as the US dollar for digital trading, payment, and remittance without having to sell Tether Gold.

Odaily Planet Daily News According to The Block Pro Headlines, Tether announced that it will launch a new product "ALLOY BY TETHER" through Tether Gold

Tether has launched the Alloy by Tether platform, which allows the creation of different tethered assets that track price stability strategies. The first token, aUSD₮, is over-collateralized by Tether Gold, supported by real physical gold. Users can use Tether Gold as collateral to create aUSD₮ tokens.

On March 13th, Jinshi Data reported that the price of gold pumped on Thursday, once again hitting historical highs during the US session, breaking through $2960 per ounce due to the uncertainty of tariffs rising, and the market betting that the Federal Reserve will loosen monetary policy, keeping the attraction of gold strong. Alex Ebkarian, Chief Operating Officer of Allegiance Gold, said, "Gold is currently in a long-term Bull Market. We expect the price of gold to trade between $3000 and $3200 this year." President Trump's latest trade policy has helped gold pump 12% so far this year. In the midst of geopolitical and economic turmoil, gold is a favored asset for investors. In addition, data from the US Department of Labor shows that PPI unexpectedly remained unchanged in February, while CPI accelerated by 0.5% in January and pumped by 0.2% last month. Meanwhile, initial jobless claims in the US fell last week, but government spending was significantly cut and trade wars escalated.

Odaily Planet Daily News According to Tether Gold's post on the X platform, the Stable Coin Tether Gold (XAUT) anchored to gold has been officially launched on UZX Official

Tennessee reaches multi-million dollar settlement with GS Partners, refunding affected investors all funds or Cryptocurrency deposited, involving misleading digital asset and metaverse investments. The settlement also includes other entities under GSB Group, and more states are expected to join the settlement.

The price of GOLD is Rebound, considering more rate cuts, fiscal and trade deficits will further weaken the overall value of the US dollar, coupled with geopolitical risks and other factors, leading to a pump in GOLD. The chief of Allegiance Gold stated that the pump in GOLD may go further, and it is expected that the demand for GOLD ETFs will increase in the coming months, with a target of reaching $2700 per ounce by mid-2025.

Odaily Planet Daily News According to official sources, Blast announced that it will distribute 11 million Gold to DApps in the second round of the second phase of Gold distribution (Gold Points). For this distribution, the official has reserved 10 million Gold for the existing DApps on Blast Mainnet, and 1 million Gold for the newly launched DApps. More details about the next Big Bang competition will be announced in the coming weeks.

The world's largest gold ETF--SPDR Gold

Trump plans to launch the Gold Card program, offering investors residency and citizenship pathways for approximately $5 million. This provides a new option for legal immigration while cracking down on undocumented immigrants. The program will launch in two weeks without congressional approval, with specific details still unclear.

Swiss bank UBS (UBS) has simulated its product UBS Key4 Gold using the ZKsync Validium solution in a test environment, providing solutions in scalability, cost, privacy, and ETH interoperability. This solution is designed to maintain data privacy while extending the L2 blockchain solution of ETH. UBS Key4 Gold is a product that provides gold investment services to retail and wealth clients in Switzerland, allowing for fractional investment.

On the last trading day, the ETF reduced its holdings of 41,094 troy ounces of gold, with a net reduction of 2.57 million ounces this year, equivalent to approximately $102.4 million based on the Spot price. The holdings of the world's largest gold ETF, SPDR Gold Shares, remained almost unchanged, with a total holdings of 27.7 million ounces. In addition, the ETF also reduced its holdings of 477,541 troy ounces of silver and 516 troy ounces of platinum.

The copper-to-gold ratio has dropped to its lowest level since November last year, reflecting investor preference for safe-haven assets. BTC may be affected in the short term.

(1) Gold prices held firm on Wednesday, with spot gold currently trading near $2,176.45 an ounce, supported by falling U.S. Treasury yields, but as investors remained on the sidelines and waited for more clues on the Federal Reserve's policy, gold prices traded in a narrow range. (2) U.S. Treasury yields retreated slightly on Tuesday, with strong demand for $67 billion of five-year Treasury bids near the end of the month. (3) Investors are now awaiting the release of the U.S. core personal consumption expenditures (PCE) price index on Friday to gauge when the Federal Reserve may start cutting interest rates. (4) Data on Tuesday showed that U.S. durable goods orders rose more than expected in February, while corporate equipment spending also showed initial signs of recovery. (5) Gold prices hit a record high last week after Federal Reserve policymakers signaled that they still expect a 75 basis point rate cut by the end of 2024 despite recent higher inflation data. (6) Chicago Fed President Goolsbee said on Monday that he expects to cut interest rates three times this year at the Fed's policy meeting last week. (7) According to CME Group's FedWatch tool, traders are pricing in a 72% chance that the Fed will start cutting interest rates in June. Lower interest rates reduce the opportunity cost of holding gold. (8) SPDR Gold TrustGLD, the world's largest gold-backed exchange-traded fund (ETF), said its holdings fell 0.62% to 830.15 tons last day from 835.33 tons on Monday

ChainCatcher news, according to Cointelegraph, UBS, the Swiss banking giant managing $5.7 trillion in assets, has tested its UBS Key4 on Ethereum's Layer-2 network ZKSync.

PANews August 3rd news, Paxos official released the June Pax Gold (PAXG) transparency report, which disclosed unaudited financial data of PAXG as of 5:00 PM Eastern Time on June 28th. The main contents include: the issuance of PAXG has reached 185,852.565, the reserved gold has slightly decreased to 185,852.614 troy ounces, and the circulating supply of PAXG has not exceeded the redeemable asset balance.