The partnership allows US investors to hold vaulted gold in self-directed IRAs, providing exposure to regulated DeFi strategies. Gold-backed IRA provider SmartGold is moving $1.6 billion of vaulted assets onchain through a partnership with tokenization platform Chintai Nexus, potentially opening the door to tokenized gold investments through self-directed US Individual Retirement Accounts (IRAs). Each gold token is backed one-for-one with physical bullion and can be deployed as collateral across decentralized finance (DeFi) lending protocols, the companies said Tuesday. The structure works by having investors purchase and store vaulted gold through a SmartGold self-directed IRA. Chintai then tokenizes the holdings, issuing digital representations tied directly to the physical asset. Read more
BitMine Immersion Technologies, the world’s largest corporate Ether holder, said it holds 1.87 million ETH — more than 1.5% of the total supply. BitMine Immersion Technologies, a publicly traded Bitcoin mining company and Ether treasury, said it holds almost 1.9 million ETH — well over 1.5% of all circulating Ether. According to a Tuesday announcement, BitMine holds 1,866,974 Ether (ETH) or nearly 1.55% of the entire ETH supply, 192 Bitcoin (BTC) and unencumbered cash of $635 million. This results in a combined total capital of $8.98 billion. According to Strategic ETH Reserve data, Bitmine is currently the world’s largest corporate Ether treasury, with its ETH holdings valued at over $8.1 billion. The second-largest treasury is SharpLink Gaming, with 797,700 ETH, worth approximately $3.43 billion. Read more
Bitcoin can rise toward $140,000 next and push higher over the next year if it repeats past gains seen after gold’s record highs. Key takeaways: BTC has rallied between 145% and 304% within a year of past gold peaks. The top crypto can rally to as high as $400,000 if the gold fractal repeats. Read more