News

Jinse Finance reported that former Credit Suisse Chief Investment Officer Iggy Ioppe stated that since CME gold futures are closed from Friday 17:00 (EST) until reopening at Sunday 18:00, tokenized gold assets such as PAX Gold (PAXG) and Tether Gold (XAUt) become the only continuously tradable public markets during this period. Nearly all publicly visible gold price formation occurs on-chain, meaning that tokenized gold bears almost 100% of price discovery over the weekend. This week, against the backdrop of US and Israeli airstrikes on Iran, tokenized gold surged, with XAUt briefly surpassing $5,450 and PAXG approaching $5,536, while Bitcoin and Ethereum retreated simultaneously. The main participants currently include market makers, cross-market liquidity providers, and crypto-native macro traders, who use tokenized gold for arbitrage, collateral, hedging, and yield strategies. Some institutions also monitor on-chain gold movements over the weekend to assess the "gap risk" before CME opens, but most treat it as a reference signal rather than a direct basis for building positions.

According to Odaily, MANTRA has issued a final reminder on the X platform regarding its token upgrade, stating that the upgrade will be executed on March 3rd. The upgrade includes a token code change and a 1:4 token split. If users hold OM on MANTRA Chain or on exchanges supporting this upgrade, no action is required—the upgrade will be completed automatically, wallet balances will be updated to the new token code, and the token quantity will increase at a 1:4 ratio. However, if users still hold OM on the Cosmos ecosystem (such as Stargaze, Osmosis, etc.), they may not receive the 1:4 revaluation. The official reminder urges users to transfer OM tokens to MANTRA Chain via the IBC bridge as soon as possible.

According to Token Unlocks data, tokens such as RED, HYPE, and ENA will undergo significant unlocks next week: RedStone (RED) will unlock approximately 40.85 million tokens at midnight (UTC+8) on March 7, accounting for 16.13% of the current circulating supply, with a value of about $6.2 million; Hyperliquid (HYPE) will unlock approximately 173,000 tokens at 8:00 AM (UTC+8) on March 6, accounting for 0.04% of the current circulating supply, valued at about $5.4 million; Ethena (ENA) will unlock approximately 40.63 million tokens at 3:00 PM (UTC+8) on March 2, accounting for 0.53% of the current circulating supply, valued at about $4.3 million; Optimism (OP) will unlock approximately 19.5 million tokens at 8:00 AM (UTC+8) on March 7, accounting for 0.98% of the current circulating supply, valued at about $2.4 million.