Gold's $2.1t loss reignites the digital vs. physical gold argument
Gold fell on Oct. 21 after a multi-month surge. The largest gold price decline in almost a decade occurred in a few hours, from $4,330 to $4,030. The gold market cap fell $2.1 trillion in one day. This sum is almost half of the crypto market value, raising the issue of whether digital gold is a better long-term investment than actual gold.
Gold is booming in 2025. Despite a historic dip, its worth is up 55% from the 2024 year-end price. That's more than after 9/11, the 2008 financial crisis, or the COVID-19 pandemic, which normally boost gold demand.
Gold has overheated, experts told investors. In answer to Benzinga's concerns, Coin Bureau CEO Nick Puckrin indicated gold may fall a few days before the collapse. He stated the gold rush is a “momentum trade” that “momentum trades have a tendency to fizzle out.”
Numerous experts predicted the rise would continue. Goldman Sachs predicted $4,900 per ounce by December 2026, while UBS predicted $4,700 in Q1 2026.
Bloomberg reports that numerous experts, including Charlie Massy-Collier, expect the price to stabilize near $4,000 in the coming weeks. Gold will help banks diversify away from the U.S. currency, but “at current levels, there is no rush to position for that.”
Dollar strength and Donald Trump's Monday remarks on trade discussions with China (“both of us will be happy,” Trump stated) contributed to the gold price drop. These positive outcomes prompted investors to benefit.
Bitcoin is considered a rare safe-haven asset like gold. Its 21 million-unit hard limit, diminishing supply growth, and expensive mining offer it gold-like long-term appreciation.
Bitcoin and gold are seen as debasement trade assets. Due to their dependence on financial and political institutions, sovereign debt and fiat currencies are avoided in debasement transactions.
Gold bugs and bitcoiners joke around despite their similarities. For instance, veteran stockbroker Peter Schiff opposes Bitcoin and supports gold.
From Coinbase CLO to Treasury: AI and blockchain AML modernization
Help organizations utilize AI responsibly to enhance Bank Secrecy Act AML compliance. Transaction monitoring and suspicious activity reports are included. Governance and results should guide regulations instead of a one-size-fits-all approach.
Establish API-driven AML compliance technology regulation advice. Valid use cases, data privacy constraints, and interoperability standards should be included.
Change the Bank Secrecy Act to allow zero-knowledge proofs and decentralized client identification.
Create guidelines that clearly identify and promote blockchain-based analysis as a better AML compliance tool.
Meteora falls 40% as Trump insiders corner airdrop
Meteora's long-awaited Solana airdrop drew thousands of liquidity providers. On-chain hints that insiders from the Official Trump memecoin may have hacked the system. On launch day, the token crashed.
Arkham Intelligence disclosed on Thursday, October 23, that three TRUMP (TRUMP) memecoin addresses were among the top five Meteora airdrop recipients. Meteora coins worth $4.2 million were distributed to wallets that acquired TRUMP on day one.
Many Meteora users have accused TRUMP-linked wallet holders of manipulating the airdrop. Holders called the transaction a rug pull, suggesting that insiders traded their MET tokens.
CEX transactions are not visible on the blockchain, but shifting tokens to an exchange signifies a sale. Meteora's price decreased over 40% following its introduction and placement on major exchanges. The Solana-based coin has a market worth of $258.38 million and traded at $0.5380.
