13 days ago

Tokenized gold spot and futures trading coming to Bitget Wallet

Bitget Wallet announced that it will provide support for spot and futures trading of Pax Gold, a tokenized version of the physical commodity, amidst rising global demand. According to a press release shared with crypto.news, the decision to list Pax Gold ( PAXG ) is driven by increasing interest in tokenized gold , which has grown in tandem with the physical commodity. By integrating PAXG, Bitget Wallet aims to offer traders a digital alternative that combines the stability of gold with the accessibility of crypto. Issued by blockchain infrastructure firm Paxos , PAXG is backed by physical gold on a 1:1 basis. Each token represents one ounce of physical gold stored in a vault, allowing users to gain exposure to gold through tokenization. Recent data from TradingEconomics shows the price of gold surpassed $3,200 this month amid heightened geopolitical tensions. As of April 15, gold rose by 0.3%, or 9.5 points, reaching $3,222. Over the past month, physical gold has gained approximately 7.3%. Often viewed as a hedge fund for investors, physical gold is not the only commodity on demand; digital gold has also emerged as a practical safe-haven for on-chain users. At press time, PAXG has gone down by 0.1% in the past 24 hours. It is currently trading hands at $3,239. In the past week, PAXG has gone up by more than 7%. Price chart for Pax Gold shows the digital asset that represents tokenized gold has been on the rise, April 15, 2025 | Source: crypto.news You might also like: Cathie Wood predicts Bitcoin’s $2t market cap will soon flip gold after hitting $100k milestone PAXG’s market cap currently stands at more than $738 million, with a 24-hour trading volume of nearly $60 million. As part of the launch, Bitget Wallet has introduced a limited-time trading campaign with a prize pool valued at $9,000 that users can participate in to earn rewards. Starting from April 12 until April 20, users will be able to earn rewards by trading PAXG through Bitget Wallet’s swap feature or futures trading interface powered by tatadex. COO of Bitget Wallet, Alvin Kan, stated that tokenized gold further bridges the gap between traditional finance and Web3 spaces. As more real-world assets become available for tokenization, he believes that “gold should be effortless.” “As traditional finance and Web3 converge, we believe digital access to real-world assets like gold should be effortless,” said Kan in his statement. Read more: Ripple and BCG report: Global asset tokenization could reach $18.9t by 2033

crypto.news

You can visit the page to read the article.
Source: crypto.news

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Swiss National Bank Rejects Proposal for Bitcoin (BTC) Reserve

Other central banks across Europe have also said “no” to crypto. crypto.news

Technical signal suggests Dogecoin prices could retest old all-time high

Summary ⚈ Dogecoin closed above its 50-day moving average for the first time in three months. ⚈ A monthly close above $0.20 could trigger a move surpassing the previous all-time high. ⚈ Analyst Ali Martinez predicts a potential rally to $0.9 based on technical patterns. Dogecoin ( DOGE ) prices have seen an 8.82% increase in the past seven days. On April 25, the original meme coin closed above its 50-day moving average ( MA ) on the 1-day timeframe for the first time in three months. By press time on April 28, DOGE was changing hands at a price of $0.17952, slightly below its 50-day MA of $0.18222. DOGE price 1-week chart. Source: Finbold As powerful a bullish signal as that is, one noted cryptocurrency technical analyst is positing that a monthly close above $0.20 could lead to a huge move to the upside. Channel up pattern suggests Dogecoin price rebound is around the corner A close above $0.20 would place Dogecoin prices significantly above the lower trendline of a long-term channel up chart pattern , as showcased by cryptocurrency researcher Ali Martinez in an April 28 X post . Previous bounces off of this key support trendline have lead to significant upward moves. Martinez believes that such a close would lead to a rise to the 0.739 Fibonacci retracement level, which would see Dogecoin price surpass the previous all-time high (ATH) of $0.74, some 312.21% above current prices. If #Dogecoin $DOGE can secure a monthly close above $0.20, it could pave the way for a rally toward its all-time high of $0.74. Such a breakout would signal strong bullish momentum and potentially attract increased investor interest. pic.twitter.com/ky88B6XFZy — Ali (@ali_charts) April 28, 2025 The analyst had previously outlined a case for a possible surge to $0.9 in the longer term, which would equate to a 401.33% rally. Dogecoin also saw its millionaire count soar on account of positive price action caused by Elon Musk’s announcement that he would be winding down his DOGE (Department of Government Efficiency). With market-wide dynamics increasingly favorable, there is a distinct possibility that the meme coin could rally according to the scenario outlined by Martinez. Featured image from Shutterstock The post Technical signal suggests Dogecoin prices could retest old all-time high appeared first on Finbold . crypto.news