metal

According to Lookonchain monitoring, Metalpha (0x2d2...E3A) withdrew 11,179 ETH from Binance 1 hour ago, worth 30.12 million USD.

CoinGlass data shows that due to the overnight announcement of the interest rate hike decision by the Federal Reserve, the prices of gold and silver once plunged about 3% from their intraday highs and are currently still in a downward trend. Tether Gold (XAUT) is currently priced at $4,281.15, with a 24-hour decline of 0.77%; silver (XAG) is currently priced at $63.41, with a 24-hour decline of 1.78%. During the period of significant market fluctuations, the trading volume of Gate precious metal contracts surged: the trading volume of Gate silver contracts reached $253 million in 24 hours, ranking second in the industry; the holding amount of Gate XAUT gold is approximately $127 million, also ranking second in the industry.

According to BBX data, yesterday and in recent days, global listed treasury companies and digital asset trading platforms disclosed the latest developments in strategic mergers and acquisitions and fiat currency clearing infrastructure. The core information is as follows:Stack BTC plans to acquire precious metals dealer Direct Bullion for up to £12 million: Stack BTC, a Bitcoin treasury company under former UK Chancellor Kwasi Kwarteng, announced that it has officially signed a non-binding letter of intent to fully acquire the well-known UK precious metals dealer Direct Bullion for up to £12 million (approximately $16 million). The company clearly stated that this acquisition aims to obtain ample and stable cash flow income through the physical precious metals sales business and plans to continuously use all net cash flow generated by this business to increase its Bitcoin holdings in the secondary market.Banking Circle deepens cooperation with OSL Group, adding five major mainstream currency channels: Next-generation financial infrastructure service provider Banking Circle announced further deepened strategic cooperation with Hong Kong-listed stablecoin payment and trading platform OSL Group (00863.HK). Based on the existing euro clearing business between the two parties, Banking Circle has officially added multi-currency payment and clearing channels for five major fiat currencies: Australian Dollar (AUD), British Pound (GBP), Hong Kong Dollar (HKD), Singapore Dollar (SGD), and US Dollar (USD) for OSL, fully supporting OSL in accelerating the expansion of its B2B cross-border payment landscape for global institutional clients.

The UK Bitcoin Treasury Company Stack BTC (STAK) proposed to acquire the precious metals dealer Direct Bullion for up to £12 million (approximately $16 million) and plans to use the operating cash flow generated from precious metal sales to support Bitcoin accumulation. This non-binding agreement includes £3 million in cash, approximately £4 million in shares, and £5 million in performance-linked cash payments, with a minimum share issuance price of 6 pence and a lock-up period of four years.As Stack director Paul Withers controls the seller Direct Bullion, this transaction constitutes a related party transaction and is classified as a reverse acquisition, which still requires due diligence and the signing of a final agreement. Direct Bullion achieved revenue of £52.1 million and a post-tax profit of £2.15 million for the fiscal year ending January 2026. This acquisition will be Stack's first transaction under the strategy of "acquiring profitable companies to fund Bitcoin purchases." Stack BTC currently holds approximately 68 Bitcoins (around $5.2 million), and its stock price fell by 1% on the day the news was announced.Nigel Farage invested £215,000 through his company Thorn In The Side, holding approximately 6.3% of Stack. Previously, Reform UK received donations of $48.5 million each from crypto billionaires Christopher Harborne and Ben Delo within 24 hours, totaling approximately $97 million, setting a record for political donations in the UK.

According to Gate market data, Hong Kong stocks opened lower today and continued to decline, with the Hang Seng Index closing down 0.85% in the morning session, and the Tech Index down 0.79%. The total market turnover was 118.83 billion Hong Kong dollars. Non-ferrous metals and storage concept stocks saw significant corrections, while oil and gas, as well as optical communication stocks, led the gains. In terms of individual stocks, Orient Overseas International rose by 2.4%, while Zhidatech fell by over 28.5%.

According to Gate market data, as hostilities in the Middle East escalate, industrial metal prices have pulled back. The London Metal Exchange (LME) six-base metal composite index has reached a historic high, with copper and aluminum prices rising, and zinc prices breaking through $4,000 per ton. The intensifying U.S.-Iran conflict has caused Brent crude oil to rebound to nearly $100, heightening inflation concerns.

AI-native operating system Metal, aimed at the private capital market, announced the completion of a $4.5 million seed round financing, led by a16z, Speedrun, and Y Combinator, with participation from Pioneer Fund, Rebel Fund, Gaingels, Indus Valley Capital, Team Ignite VC, Goodwater Capital, and Phaze Ventures.This round of financing will accelerate its development of software that founders can use during fundraising and continue to use throughout the capital formation process. Metal also released a paper on the trends in the private capital market.

On August 6, according to WEEX TradFi market data, the precious metals sector continued to strengthen after yesterday, with funds reallocating around safe-haven demand. Among them, GOLD (PAXG) rose over 4.88% in 24 hours, SILVER (XAG) rose over 4.71% in 24 hours, and PLATINUM (XPT) rose over 2.30% in 24 hours, with gold, silver, and platinum all warming up simultaneously. WEEX Labs believes that this round of increase is mainly driven by repair trading after the pullback, as the market weighs geopolitical risks, changes in the dollar, and U.S. Treasury yields, with gold's safe-haven and diversification attributes gaining attention. The WEEX TradFi trading carnival season is underway, with zero slippage protection, first order compensation, and newcomers receiving 200 USDT.

According to Jinshi, the United States is seeking opinions on expanding the scope of metal tariff products, suggesting tariffs on products such as welding machines and cranes.

Recently, the gold and silver markets have continued to show strong performance, with trading activity in the metals sector steadily increasing. According to market data from the Gate platform, gold (XAU) is currently priced at $4087.68, with a 24-hour increase of 1.51%; silver (XAG) is currently priced at $58.52, with a 24-hour increase of 1.77%. According to CoinGlass data, the open interest for Gate XAU contracts has reached $192 million, and the open interest for Gate XAG contracts has reached $72.509 million, both ranking in the top two in the industry.Gate has pioneered the trading sector for perpetual contracts and CFD contracts for metals, covering mainstream trading targets such as gold, silver, and platinum, and supports 24/7 trading with USDT settlement. Relying on Gate's innovative unified account system, users can configure diverse assets such as stocks, metals, foreign exchange, indices, and commodities without the need for cross-platform operations, helping users achieve a more flexible and efficient one-stop global asset strategy layout in volatile markets.

According to Jinshi, rare internal disagreements within the Federal Reserve have disturbed market expectations, leading to a softening of the dollar, which in turn boosted basic metals such as copper and aluminum.Meanwhile, the conflict in the Middle East continues, coupled with a bottoming out of aluminum inventories and unusual movements in copper warehouse receipts, basic metals are seeking direction amid macroeconomic games and supply-demand struggles.

Recently, the gold and silver markets have continued their upward trend, with high trading activity in the metals sector. According to market data from the Gate platform, gold (XAU) reached a 24-hour high of $4116.37, currently reported at $4096.54, with a 24-hour increase of 0.89%; silver (XAG) reached a 24-hour high of $60.16, currently reported at $59.51, with a 24-hour increase of 1.74%. According to CoinGlass data, the open interest for Gate XAU contracts reached $219 million, and the open interest for Gate XAG contracts reached $58.7915 million, both ranking among the top two in the industry.

Recently, the gold and silver markets have remained active, with the trading heat of precious metals continuing to rise. According to market data from the Gate platform, gold (XAU) reached a 24-hour high of $4104.58, currently reported at $4032.17, with a 24-hour increase of 0.35%; silver (XAG) reached a 24-hour high of $59.73, currently reported at $58.40, with a 24-hour increase of 1.34%. According to CoinGlass data, the open interest for Gate XAU contracts reached $164 million, and the open interest for Gate XAG contracts reached $60.2258 million, both ranking among the top two in the industry.

According to Jinshi, the increase in ADP employment in the U.S. for June is the lowest since March, and the market focus is quickly shifting towards more macro indicators and external risk events. The statements from Federal Reserve officials have eased, leading to a collective rebound in the precious metals sector.

Recently, metal market prices have declined, with both gold and silver prices adjusting downwards. According to market data from the Gate platform, gold (XAU) reached a 24-hour low of $3950, currently reported at $3975.53, with a 24-hour drop of 2.35%; silver (XAG) reached a 24-hour low of $56.66, currently reported at $57.48, with a 24-hour drop of 2.13%. According to CoinGlass data, the open interest for Gate XAU contracts reached $204 million, and the open interest for XAG contracts reached $64.8941 million, both firmly ranking in the top two in the industry.

Former Ren Protocol founder Loong Wang announced the launch of the tokenized financial product settlement network Metal and completed a seed round financing co-led by Airwallex and Capital49, with Airwallex also joining as the first design partner. Metal was co-founded by Loong Wang and former Libra project partner lead Catherine Porter, aiming to build an institutional-grade full-stack infrastructure for tokenized financial products, natively supporting AI agents, authentication, and authorization, while providing global withdrawal and recharge channels covering 200 countries and 90 currencies.

On June 23, according to WEEX TradFi data, precious metals and commodities overall weakened, and market risk aversion sentiment has temporarily eased. Among them, XAU fell 0.81% in 24 hours, GOLD (PAXG) fell 0.83% in 24 hours, and CRUDEOIL fell 2.08% in 24 hours.WEEX Labs believes that the recent decline in crude oil is mainly influenced by the easing situation in the Middle East and improved supply expectations, while gold prices are affected by the trend of the US dollar, real interest rates, and changes in ETF demand. This round of adjustment reflects a repricing of macro factors, with funds focusing on subsequent data and news changes. In the short term, attention should be paid to the impact of interest rate paths and geopolitical factors on the commodity market.

According to the official announcement, the Gate TradFi contract metal section has launched 4 CFD trading pairs: XAL (Aluminum), XCU (Copper), XNI (Nickel), and XPB (Lead), supporting a fixed leverage of 20 times. In addition, the stock section has launched 24 contracts for difference trading including SPYM (State Street SPDR S&P 500 ETF), DIA (Dow Jones Industrial Average SPDR ETF), GLD (SPDR Gold Trust ETF), XLK (SPDR S&P 500 Technology Sector ETF), XLF (SPDR S&P 500 Financial Sector ETF), EEM (iShares MSCI Emerging Markets ETF), LQD (iShares USD Investment Grade Corporate Bond ETF), ALAB (AstraZeneca), QQQM (Invesco NASDAQ 100 Mini ETF), IONQ (IonQ), TER (Teradyne), ABT (Abbott Laboratories), CVS (CVS Health), ADSK (Autodesk), CBRS (Cerberus Systems), STM (STMicroelectronics), CCL (Carnival Corporation), MCHP (Microchip Technology), BSX (Boston Scientific), COF (Capital One Financial), BX (Blackstone Group), AXTI (AXT Inc.), and FLNC (Fluence Energy).