If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?We run 5 trust tests, settlement, redemption, admin-keys, proofs, custody, to stack gold tokens vs in-kind BTC ETFs and native BTC.
Happy Friday!Tokenized gold faces scrutiny in trust and custody tests as we compare on-chain assets to Bitcoin ETFs and native BTC, while Bitcoin’s potential to erase the $38 trillion US debt highlights its growing fiscal allure. Meanwhile, scrutiny surrounds President Trump’s pardon of Binance founder Changpeng Zhao, following a crypto trader’s timely prediction, and Google’s quantum computing breakthrough raises questions about Bitcoin’s cryptographic defenses. Catch up on these major stories shaping the crypto landscape today. The global crypto market cap is $3.72 trillion, with a 24-hour volume of $158.43 billion. The price of Bitcoin is $110,495.80, and BTC market dominance is 59.1%. The price of Ethereum is $3,918.50, and ETH market dominance is 12.7%. The best-performing sector is DeFAI, which gained 30%. The Crypto Fear & Greed Index is currently Extreme Fear (30). 📰 Top News
If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?We run 5 trust tests, settlement, redemption, admin-keys, proofs, custody, to stack gold tokens vs in-kind BTC ETFs and native BTC. How high would Bitcoin price need to go to erase US $38 trillion debt?The idea that Bitcoin could erase US debt exposes the currency’s allure amid fiscal uncertainty and government liabilities. Trump tariff short trader who made $200M correctly predicts Binance’s CZ pardonTrump’s pardon of Binance founder Changpeng Zhao raises speculation of insider knowledge as crypto trader Jin profits. Can Google’s 13,000× “quantum echoes” put Bitcoin’s keys on a clock?Google’s Willow chip earned verifiable quantum advantage this week; here’s what that does, and doesn’t, mean for ECDSA, SHA-256, and coins with revealed public keys.
Ad: JustLend DAO Completes First JST Buyback and Burn, Ushering In a Revenue-Driven Deflation CycleJST’s deflation cycle fueled by JustLend DAO’s $60M revenue surpasses initial burn phase, poised for over 20% reduction in supply 🗞️ More NewsAre You Missing Signals That Don’t Make the News?Sign up for the free Crypto Investor Blueprint: A 5-Day Course On Bagholding, Insider Front-Runs, and Missing Alpha. What is CryptoSlate?CryptoSlate is a comprehensive and contextualized source for crypto news, insights and data. Since 2017, CryptoSlate has been a go-to destination for the fast-moving and nascent digital assets space. Our coverage focuses on Bitcoin, Ethereum, macro, DeFi, AI, and web3. Our goal is to provide an all-encompassing overview of the crypto asset market and the technological trends shaping it. Our mission at CryptoSlate is to decode the complexity of digital assets and showcase their potential to transform society by providing accessible, reliable information and analysis. We're committed to differentiating our news coverage by telling original stories and providing alternative points of view. Questions, Comments?Get in touch with us here. Connect with UsTelegram • X • Google News • LinkedIn • Instagram
|
