Crypto SWOT: Volatility in Bitcoin remains suppressed
(Kitco commentary) - Tether Holdings resumed lending out its own stablecoins to customers, less than a year after it said it would wind down the practice. The company calls them secured loans and discloses little about the borrowers or the collateral accepted, writes Bloomberg.
Gold SWOT: Silver Lake Resources has purchased an 11% stake in RED5
(Kitco commentary) - The best performing precious metal for the week was silver, up 1.86%. AngloGold Ashanti agreed to sell its entire 50% indirect interest in the Gramalote Project to B2Gold for a total consideration of up to $60 million. B2 owns the other 50% already.
Crypto SWOT: Bitcoin formed a "death cross" last week. Will the price continue to fall?
(Kitco commentary) - Brevan Howard Asset Management is predicting a potential boom in digital assets similar to what the internet has seen in the past couple of decades and is looking to make disproportionate returns, according to an article published by Bloomberg.
Gold SWOT: Gold imports by India surged 40% in August
(Kitco commentary) - The best performing precious metal for the week was palladium, up 4.88%, due to some short covering that occurred by hedge funds.
Crypto SWOT: Riot Platforms earned $31.7 million from power credits during Texas' August heat wave
(Kitco commentary) - A San Francisco-based technology firm that seeks to help content creators track and monetize their work in the age of generative AI, is bucking a venture capital drought.
Gold SWOT: China's gold reserves rose in the month of August
(Kitco commentary) - The best performing precious metal for the week was gold, but still down 1.55%. Gold clocked a loss this week following two weeks of gains.
Crypto SWOT: One revenue gauge of Bitcoin mining is nearing a record low
(Kitco commentary) - The resurgence story of EOS Network, a blockchain that raised $4 billion in its ICO with little to show in its early years, is briskly shaping up as EOS tokens were approved for trading on Japanese exchanges, as per a release Wednesday, writes Bloomberg.
Gold SWOT: Gold held around the highest in three weeks to kick off September
(Kitco commentary) - The best performing precious metal for the week was platinum, up 2.09% as hedge fund managers flipped their view that it was more attractive to be long futures now.
Crypto SWOT: European crypto-related exchange traded products have seen a boost in flows
(Kitco commentary) - Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was BONE, rising 18.50%.
Gold SWOT: Gold found support from stagnant U.S. business activity
(Kitco commentary) - The best performing precious metal for the week was silver, up 6.79%, up more than three times the change in golds price. Gold rose for the first four days of the past week, extending a climb from a five-month low, as the dollar weakened on new economic data.
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