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03:40
Tether plans to buy 1 to 2 tons of gold every week over the next few months and capture arbitrage opportunities through active trading
BlockBeats News, January 28th, Tether's Chief Technology Officer Paolo Ardoino pointed out in an interview with Bloomberg that, as the United States' geopolitical rivals may introduce a gold-backed US dollar alternative, he expects Tether's role in the gold market to further expand. Ardoino stated that Tether plans to continue reinvesting substantial profits in gold. He said the company is currently buying 1 to 2 tons of gold per week and will maintain this pace in the "coming months." Currently, Tether has accumulated nearly 140 tons of gold, stored in a nuclear bunker built during the Cold War in Switzerland. This is the largest known gold reserve in the world outside of central banks, ETFs, and commercial banks. With the recent surge in gold and other metal prices, Tether's gold holdings are now valued at over $23.3 billion. Ardoino revealed to Bloomberg that Tether is evaluating the market and potential trading strategies, planning to capture arbitrage opportunities through active trading of its gold reserves. The company has recently recruited two senior gold traders from HSBC to lead its expansion in the gold bar market.
03:27
ETH falls below $3,000
Jinse Finance reported that according to market data, ETH has fallen below $3,000 and is now quoted at $2,999.73, with a 24-hour increase of 2.08%. The market is experiencing significant volatility, so please manage your risks accordingly.
03:27
Institutions: High inflation supports the Fed's cautious stance; markets will closely watch Powell for signs of easing
Glonghui, January 28th|Christian Hantel, Head of Global Corporate Bonds at Vontobel Switzerland, stated that the current outlook for the US economy remains optimistic, with continued economic growth and a labor market that, while slightly weak, has stabilized. The inflation rate is still above the Federal Reserve's target level, which means there is insufficient basis for a rate cut in the near term. Investors should shift their focus to the FOMC meetings in March and June, viewing them as potential windows for policy adjustments. However, if economic conditions require, these adjustments could also be postponed to the second half of 2026. The market will closely monitor any signals from Federal Reserve Chairman Powell regarding the Fed's openness to further easing policies. But for now, the Fed's cautious approach and decision-making on a meeting-by-meeting basis seem likely to continue.
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