According to market data released by The Kobeissi Letter, the precious metals market has recently shown significant strength, while Bitcoin has entered a consolidation phase.
Chairman of Ethereum-based financial services company BitMine, shared his market insights, pointing out that the financial services sector is currently undergoing a series of positive changes.
On December 24th, Coindesk reported that Bitcoin has disappointed investors this year, underperforming gold and the tech-heavy Nasdaq 100 index, despite previous expectations that it would benefit from fiat currency depreciation.
On December 24th, Wang Feng, founder of Linekong Interactive, shared his insights on the recent surge in gold prices and their record highs, as well as the future trend of Bitcoin.
According to The Block, the Ghanaian parliament has passed the Virtual Asset Service Providers Act, officially legalizing cryptocurrency trading. Those involved in the industry must register with the central bank or securities regulator.
According to CriptoNoticias, members of the Bolivian Blockchain Association plan to submit a proposal to the president that aims to tokenize gold and other precious metals on the Ethereum network.
According to its official website, Binance has added perpetual contracts for the traditional asset XAU (spot gold) to its trading platform. Binance launched perpetual contracts for traditional assets today, branded as "TradFi Perps."
According to CoinDesk, the Kingdom of Bhutan has launched a sovereign-backed gold-backed token called TER, which is issued through Glep Mindfulness City and custodied by DK Bank.
During the recent Binance Blockchain Week event, Binance founder CZ and renowned economist and long-time cryptocurrency critic Peter Schiff engaged in a lively debate on "Bitcoin vs. Tokenized Gold."