Crypto SWOT: Texas has ambitions to become the most important crypto hub in the U.S.
(Kitco commentary) - Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Nekocoin, rising 1,913.68%.
Gold SWOT: K9 Mining reported strong first quarter results
(Kitco commentary) - The best performing precious metal for the week was silver, up 3.25%. Steppe Gold Limited reported a significant boost to its year-over-year first quarter revenue this week
Crypto SWOT: Sam Bankman-Fried, CEO of FTX, bought a 7.6% stake in Robinhood
(Kitco commentary) - Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Goldario, rising 560.78%.
Gold SWOT: for the first time since October, copper slumped below $9,000 per ton
(Kitco commentary) - The best performing precious metal for the week was platinum, but still down 2.92% on little metal specific news.
Crypto SWOT: Gucci will accept payments in crypto in the U.S. starting this month
(Kitco commentary) - DraftKings has teamed up with Metabilia, a memorabilia and NFT company operating at the forefront of physical and digital collectibles, which will become the latest NFT supplier on DraftKings Marketplace, according to Bloomberg.
Gold SWOT: Nomad Royalty announced a friendly acquisition by sandstorm gold this week
(Kitco commentary) - The best performing precious metal for the week was platinum, up 4.16%, likely related to a pairs trade with palladium. However, lockdowns in China may be playing a role, too.
Crypto SWOT: Fidelity will reportedly allow 401(k) savings accounts to invest in Bitcoin
(Kitco commentary) - Wall Street firms are making a crypto push to "keep up with the cool kids," reports Bloomberg.
Gold SWOT: The first ETP combining gold and Bitcoin has launched in Europe
(Kitco commentary) - The best performing precious metal for the week was platinum, though still off 1.76%, as speculators flip back to net short this week.
Crypto SWOT: Coinbase's marketplace for non-fungible tokens (NFTs) is finally here
(Kitco commentary) - Coinbase's marketplace for non-fungible tokens (NFTs) is finally here in what could be key to reviving the crypto exchangeâ??s growth prospects a year after its fizzling public debut, writes Bloomberg.
Gold SWOT: Gold is proving remarkably resilient, gaining almost 7% this year
(Kitco commentary) - Yamana Gold, which operates mines in four countries including Canada and Argentina, is seeking better terms from lenders including Bank of Nova Scotia and Citigroup Inc. after earning an upgrade from S&P Global Ratings.
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