Crypto Today: Tokenized Gold Dominates Weekend Price Discovery
Summary
Tokenized gold markets, featuring assets like PAX Gold (PAXG) and Tether Gold (XAUt), are responsible for virtually 100% of publicly visible gold price discovery during weekends when CME gold futures trading is inactive. Iggy Ioppe, CIO at Theo, noted that price movements occurring on these on-chain markets are often reflected when futures trading resumes on Sunday. In unrelated news, Anthropic CEO Dario Amodei criticized the Pentagon's decision to label Anthropic a "supply chain risk," calling it "unprecedented," especially since the company had agreed with most US defense AI use cases, barring fully autonomous weapons and mass domestic surveillance. Meanwhile, rival company OpenAI announced it secured a contract to deploy its AI models on the Pentagon’s classified networks shortly after the White House ordered federal agencies to halt the use of Anthropic technology.
(Source:Cointelegraph)