Tether Gold (XAUt)

⚡️ UPDATE: Antalpha bought $241M in $XAUT, saw profits peak near $100M, and is now back to $50M in gains, per Arkham. https://t.co/i9PrhBsfR7

Wu says he learned that, according to Arkham monitoring, the crypto lending service provider Antalpha (backed by Bitmain) has experienced a paper profit retracement on its investment in Tether's gold token XAUT. Antalpha previously purchased $241 million worth of XAUT at an average price of $3,693. At the price peak, its paper profit once reached $100 million, but subsequent market fluctuations caused a $50 million profit retreat, reducing the floating gain to $50 million. The market is watching whether the company will sell its remaining position or continue holding, facing the risk of a full profit reversal. https://t.co/Jr5W2eWW5u

Gate Has Quietly Built the Smartest TradFi Hub in Crypto

“A trader can go long Nvidia during earnings, then hedge into tokenized gold when uncertainty hits — without ever leaving the platform or touching a traditional brokerage.” — By @CryptoOnchain https://t.co/pR6G22hjFD