Gold

Inside Kyrgyzstan's gold-backed stablecoin plan
Project Lead for USDKG, William Campbell, joins CoinDesk Live at Consensus Hong Kong to introduce a stablecoin backed by Kyrgyzstan's physical gold reserves and overseen by its Ministry of Finance. Campbell explains how the nation-state is modernizing its economy to become one of Central Asia's premier crypto hubs, leveraging its vast natural gold mines to collateralize a digital dollar.

Gold firm Elemental Royalty to pay out dividends in Tether's tokenized gold
The company claimed the bragging right of being the first to let investors opt for dividend payments in a cryptocurrency, backed by gold.

JPMorgan bullish on crypto for rest of year as institutional flows set to drive recovery
After bitcoin fell below its estimated production cost, the bank said stronger fundamentals and rising institutional inflows could lift crypto in 2026.

Bitcoin a tech trade for now, not digital gold, says Grayscale
The cryptocurrency's latest sell-off looks more like a retreat from growth, according to the crypto asset management firm.

Tether's gold stash tops $23 billion as buying outpaces nation states, Jefferies says
The Wall Street investment bank estimates the crypto firm holds at least 148 tonnes of physical gold holdings, joining top 30 global holders of bullion.

Takaichi Triumph: Japan’s record 56,000 Nikkei surge sends bitcoin to $72,000, gold past $5,000
Japanese mandate sparks surge in equities and safe havens.

Bitcoin isn’t losing to gold. It is navigating a liquidity squeeze that the yellow metal never had: Asia Morning Briefing
QCP's Darius Sit says October's deleveraging event exposed the real divide: bitcoin trades like collateral, altcoins trade like a bet on exchange governance

Tether buys $150 million stake in Gold.com to boost tokenized gold distribution
The companies plan to expand global access to tokenized gold and allow the buying of bullion with Tether's stablecoins.

JPMorgan says bitcoin's lower volatility relative to gold might make it 'more attractive' in long term
ETF redemptions and futures liquidations are pressuring crypto markets, the bank said, even as rising gold volatility quietly strengthens bitcoin’s longer-term investment case.

"Big Short" Michael Burry warns of "death spiral"
Michael Burry, the investor who famously predicted the 2008 crash, says bitcoin’s drop is triggering a "collateral death spiral" in precious metals. He warns that liquidations in tokenized gold and silver are dragging crypto down, and if BTC slips to $50,000, the market for tokenized metals could collapse into a "black hole." CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

