Global #Gold

Tether (USDT) is proactively adjusting its reserve strategy, pivoting away from traditional U.S. Treasuries and toward alternative assets like gold and Bitcoin in anticipation of the Federal Reserve's next cycle of interest-rate cuts.

A significant and surprising trend is emerging in the global gold market: Tether, the stablecoin issuer, is now accumulating gold at a pace that exceeds most sovereign central banks.

Cryptocurrency markets entered the week with a cautious calm, as Bitcoin (BTC) stabilized above the $110,000 level and traders took a "wait-and-see" approach following hawkish signals from the US Federal Reserve last week.

Global central banks are fundamentally shifting their reserve holdings, now owning more gold than US Treasuries for the first time in nearly 30 years, according to Bloomberg.

The prediction market is favoring Ethereum (ETH) in the race to hit a $5,000 price tag before gold. Despite gold being physically closer to the target—trading at $4,115 compared to Ethereum's $3,900—65.5% of traders' money on the Myriad market is betting on ETH.

Gold experienced a historic correction on October 21, marking its steepest one-day decline in over 12 years, just days after hitting a new all-time high of $4,381 per ounce.