Tether Gold (XAUt)

🚨 China tightens gold trading $XAUT

Several major Chinese banks have decided to stop personal gold and precious metal trading starting from July 24, 2026.

The decision is part of risk management measures following recent declines in gold prices https://t.co/0iljLa8kt9

⚡️ UPDATE: Antalpha bought $241M in $XAUT, saw profits peak near $100M, and is now back to $50M in gains, per Arkham. https://t.co/i9PrhBsfR7

Wu says he learned that, according to Arkham monitoring, the crypto lending service provider Antalpha (backed by Bitmain) has experienced a paper profit retracement on its investment in Tether's gold token XAUT. Antalpha previously purchased $241 million worth of XAUT at an average price of $3,693. At the price peak, its paper profit once reached $100 million, but subsequent market fluctuations caused a $50 million profit retreat, reducing the floating gain to $50 million. The market is watching whether the company will sell its remaining position or continue holding, facing the risk of a full profit reversal. https://t.co/Jr5W2eWW5u