Odaily Planet Daily reports that former Credit Suisse Chief Investment Officer Iggy Ioppe stated that during the CME Group gold futures market closure from 5:00 PM Friday (Eastern Time) to 6:00 PM Sunday, almost all visible gold prices are formed on the on-chain market. He pointed out that during this window, the regulated futures market is paused, and while OTC trading in Asia occurs, it is not transparent. Therefore, tokenized gold assets like PAX Gold (PAXG) and Tether Gold (XAUt) become the only continuously tradable public market. “From the perspective of publicly visible price formation, the on-chain market accounts for nearly 100% of weekend price discovery.” When CME trading resumes, futures prices typically align with the fluctuations already observed on the on-chain market.
Data shows that the market capitalization of tokenized gold has risen to $4.4 billion, with approximately $2.8 billion added over the past year, a 177% increase, far surpassing most spot gold ETFs. In 2025, the total trading volume is expected to reach about $178 billion, with a peak of over $126 billion in the fourth quarter alone, making it second only to SPDR Gold Shares in trading volume. On Saturday, amid U.S. airstrikes on Iran and escalating geopolitical tensions, tokenized gold prices briefly surged, with XAUt surpassing $5,450 and PAXG approaching $5,536, while Bitcoin and Ethereum also pulled back. Major participants include market makers, cross-market liquidity providers, and crypto-native macro traders, who use tokenized gold for arbitrage, collateralization, hedging, and yield strategies. Some institutions also monitor weekend on-chain gold movements to assess “gap risk” before CME opens, but mostly view it as a reference signal rather than a direct basis for trading. (Cointelegraph)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pi Network Rolls Out Phase 2 Protocol Upgrades With Mandatory Node Deadline
Pi Network set March 1 as the mandatory deadline for Step 2 upgrades, and Mainnet nodes that miss it risk losing network connectivity.
The update advances Pi’s protocol path toward newer Stellar consensus versions, with the Core Team targeting version 23 by June 2026.
Pi Network has
CryptoNewsFlash1h ago
Bitcoin and Ethereum March historical returns: with average values of 11.28% and 17.07%, respectively
Since 2013, Bitcoin has experienced 13 "March" market movements, with 6 increases and 7 decreases, averaging a return of 11.28%. Since 2016, Ethereum has had 11 "March" market movements, with 8 increases and an average return of 17.07%.
GateNews2h ago
Abandoning "HODLing" causes the stock price to rise over 13%! ETHZilla rebrands to "Forum" and shifts focus to RWA tokenization
The American company ETHZilla has officially rebranded as Forum Markets, transforming into a tangible asset tokenization platform and gradually phasing out its role as an Ethereum reserve. The stock price rose over 13% on the news. The company still holds approximately $145 million worth of Ethereum and is actively developing tokenized assets, with expected future yields exceeding 10%.
区块客3h ago
Crypto Market Sees Recovery Despite Fear Amid Geopolitical Turmoil
Despite global geopolitical tensions, the crypto market has seen a recovery, with a total market cap of $2.33T and significant gains in leading cryptocurrencies like Bitcoin and Ethereum. Noteworthy gainers include $PENGU, $TRUMP, and $PEPE, while DeFi TVL rises, and NFT sales decline. Additionally, Russia is using crypto platforms to bypass sanctions, and Ethereum explores AI for further development.
BlockChainReporter3h ago
Hedera Expands Exchange Access as Kraken Prepares New Network Support
Kraken is bringing Hedera EVM and the Hedera Token Service (HTS) to its platform, allowing the exchange to support direct withdrawals and deposits of HTS-native tokens.
Kraken recently introduced regulated perpetual futures contracts based on tokenized stock, and Flexline, a crypto-backed
CryptoNewsFlash4h ago
SUI Group Financial Report: SUI Holdings Surpass 108 Million Coins and Complete 8.8% Common Stock Repurchase
Sui Group Holdings releases 2025 performance report. Last year's Q4 net loss was $221.8 million. The SUI token holdings increased to 108,368,594 tokens, mainly used for staking, with an average daily yield of about 5,000 tokens. Additionally, the company has completed a buyback of 7.8 million shares, accounting for 8.80% of the total common shares issued.
GateNews5h ago
