metal

According to Gate market data, U.S. stocks opened with the Dow Jones Industrial Average down 0.55%, the S&P 500 down 0.82%, and the Nasdaq Composite down 1.35%. Precious metal concept stocks fell sharply, with Coeur Mining down 8%, Newmont Mining down 9%, and Pan American Silver down 6%. The Nasdaq Golden Dragon China Index fell 1.9%.

According to BBX data, yesterday global listed companies showed a significant shift in the expansion of crypto treasuries from "mining industry competition" to "traditional industrial/financial giants entering the market":$100 million spot purchase: Bitdeer (NASDAQ: $BTDR) approved the allocation of $100 million in cash yesterday to purchase Bitcoin as a strategic reserve over the next two quarters.¥10 billion special fund: SBI Holdings (TSE: 8473) announced the establishment of a special fund of ¥1 billion (approximately $67 million) for corporate crypto treasuries, aimed at providing Bitcoin allocation consulting and custody services for Japanese manufacturing companies.10% gold asset swap: Metals One PLC (LSE: $MET1) disclosed its treasury reform plan, intending to swap 10% of its gold reserves for Bitcoin, citing "BTC showing better liquidity premium in 2026."100% output retention: Digihost (NASDAQ: $DGHI) confirmed that its Bitcoin output from February to mid-March has achieved 100% retention. Through energy cost optimization, the company currently does not need to sell any BTC to cover all operating expenses.25% profit conversion: Banxa (TSX-V: $BNXA) announced that it will directly convert 25% of its net profit for the first quarter of 2026 into Bitcoin, establishing a "profit-driven" financial tone for increasing holdings.

According to Caixin, the Hong Kong Customs announced the recent bust of two suspected air cargo smuggling cases involving precious metals at Hong Kong International Airport, seizing approximately 168 kilograms of suspected gold flakes and about 285 kilograms of suspected silver flakes, with an estimated total market value of around HKD 230 million. Based on the market value of the smuggled goods, this is the largest case of smuggling precious metals recorded by Customs.According to the Hong Kong Import and Export Ordinance, smuggling is a serious crime. Anyone who imports or exports goods not listed on the manifest, upon conviction, can be fined up to HKD 2 million and imprisoned for 7 years.

Avenir Group announced its latest portfolio and dynamic updates, including the multi-asset institutional trading platform CoinRoutes and the blockchain and trading technology solutions provider Metalpha.On February 23, Avenir Group announced a strategic investment in CoinRoutes and established a deep partnership. This strategic investment and collaboration closely align with Avenir Group's integrated framework of "investment - incubation - operation," further consolidating its position as an institutional bridge connecting TradFi and the digital asset ecosystem. By combining Avenir Group's strong capital strength, global network resources, and long-term strategic vision with CoinRoutes' mature technological leadership, both parties aim to provide global institutional investors with top-notch execution capabilities, superior liquidity access, and higher capital efficiency.Metalpha (NASDAQ: MATH) signed an MOU with Exos Financial and BlockchainK2 on February 25 to establish a joint venture focused on the U.S. institutional digital asset market. The core focus is on compliant OTC derivatives, hedging solutions, relative value strategies, and security-linked products. This move significantly strengthens Avenir Group's ecosystem in institutional services, global expansion, and compliance bridging.

Bloomberg analyst Mike McGlone stated that the ratio of cryptocurrencies to metals has fallen below a key support level, indicating that this trend may continue into 2026.Data shows that the Bloomberg Galaxy Crypto Index (BGCI) to Bloomberg All Metals Total Return Subindex (BCOMAMT) ratio has broken below the previous resistance level of approximately 510, which was initially established in 2018 (based on a 2017 baseline of 100). This technical breakthrough may suggest that the performance of crypto assets relative to the traditional metals market will continue to weaken.

According to The Block, the permissionless perpetual contract market HIP-3 of the decentralized derivatives protocol Hyperliquid has set a record of $5.2 billion in daily trading volume, the highest level since its launch in October 2025.This trading volume is primarily contributed by the mainstream market provider TradeXYZ deployed on HIP-3, which accounts for nearly 90% of the trading share through precious metals, stock indices, and individual stock perpetual contracts. TradeXYZ's silver contracts reached a daily trading volume of $40.9 billion, accounting for about 68% of the total trading volume on HIP-3 that day, indicating that the price fluctuations of precious metals are attracting traders to seek alternative assets outside of cryptocurrencies. The surge in HIP-3 trading volume began in the last week of January when gold first broke the $5,000 per ounce mark and silver surpassed $100. However, both metals subsequently experienced historic pullbacks of about 20% and 30% in a single day. Before the price pullback, HIP-3's open interest also set a record of $1.06 billion, with 87% coming from TradeXYZ; the current open interest is approximately $665 million, reflecting an 88% month-over-month increase.

According to PR Newswire, Metalpha Technology Holding Limited, a Nasdaq-listed provider of blockchain and trading technology solutions, announced that its board has approved a Bitcoin purchase plan, with allocated purchase funds of up to 20% of the company's annual net profit.It is reported that the first phase has allocated $3.2 million and completed a $1 million BTC purchase.

According to Jinshi reports, under the spillover effect of the cryptocurrency sell-off, gold prices fell during the Asian early trading session. IG Chief Market Analyst Chris Beauchamp pointed out that the cryptocurrency bear market has evolved into a full-blown market collapse, with widespread selling sweeping across various assets, and commodities are also deeply entrenched in a downward trend.

According to Cointelegraph, the liquidity protocol Multiliquid has partnered with investment firm Metalayer Ventures to launch an institutional liquidity support tool on Solana, providing instant redemption services for tokenized real-world assets.This facility allows holders to instantly convert tokenized asset positions into stablecoins, aiming to address the long-standing liquidity bottleneck issues faced by on-chain markets. The tool will act as a permanent buyer for tokenized RWAs, purchasing assets at dynamically discounted prices. The initial phase will support tokenized government bond funds and some alternative investment products issued by institutions including VanEck, Janus Henderson, and Fasanara.

MEXC has launched a new user exclusive event. Complete registration, verification, and deposit ≥100 USDT to receive an airdrop position worth up to 300 USDT in gold (XAUT) or silver (SILVER) perpetual contracts. The platform's gold and silver contracts currently offer 0 trading fees and up to 500x leverage. According to CoinMarketCap data, MEXC's XAUTUSDT trading volume reached 972 million USD in the past 24 hours, demonstrating strong market demand.

After more than two hours of intense selling, spot gold, silver, platinum, and palladium have temporarily stabilized. Spot gold has risen above $4800 per ounce, and spot silver has regained the $80 per ounce mark. (Jin Shi)

Financial website InvestingLive analyst Adam Button stated that, for now, the precious metals feast has come to an end, and it can be described as unprecedented.As for gold, I find it hard to imagine its price dropping below $4000. If it really falls to that level, I believe some strong investors will step in to buy, but I wouldn't make any rash statements before that. For holders? It's a tricky decision. This market condition could improve rapidly or experience significant fluctuations, and making panic decisions on Friday night is certainly not wise.Will we see a further sell-off similar to "Black Monday"? Personally, I believe that unless there is some trigger beyond the Iran agreement, this scenario is unlikely to happen. (Jin Shi)

With the explosion of precious metal markets, MEXC platform's gold (XAUT, PAXG) and silver (SILVER) perpetual contracts have shown strong growth, demonstrating a remarkable ability to attract capital. The market share of gold contracts has increased nearly 20 times within two months, with the average daily trading volume in January growing by 635% compared to December.According to CoinMarketCap data, the trading volume of the XAUTUSDT pair on the MEXC platform reached as high as $1.052 billion in the past 24 hours. The trading volume of silver contracts increased nearly 20 times over 7 days, with a single-day peak of $147.8 million.Currently, MEXC offers 0 trading fees for gold (XAUT, PAXG) and silver (SILVER) contracts, providing up to 500x leverage and deep liquidity, enabling more traders to participate in this round of precious metal markets with low friction and high efficiency.

As the participation of traditional financial assets in the crypto market continues to rise, the trading activity of contracts related to precious metals and commodities has significantly increased. According to data from the Gate platform, palladium (XPDUSDT) is currently priced at 2,085.72 USDT, with a 24H increase of 6.56%; copper (XCUUSDT) is currently priced at 6.239 USDT, with an increase of 5.19%.In addition, the Gate platform has launched metal contracts such as copper (XCUUSDT), platinum (XPTUSDT), palladium (XPDUSDT), aluminum (XALUSDT), nickel (XNIUSDT), and lead (XPBUSDT) as industry firsts, demonstrating outstanding performance in key indicators such as order book depth, transaction continuity, and spread control, ranking among the top in similar products.Gate has fully established a TradFi trading area in the contract sector, covering traditional financial assets including precious metals, stocks, foreign exchange, commodities, and indices, supporting various contract trading targets such as gold, silver, crude oil, euro, pound, Dow Jones Industrial Average, and Hang Seng Index. Related products support uninterrupted trading 7×24 hours, offering up to 100 times leverage, continuously creating an integrated market for users to trade crypto assets alongside traditional financial assets.

According to the official announcement, Gate Perps will launch the "Precious Metals Trading Season" event from January 28 to February 4, with a total prize pool of 20,000 USDT.This event focuses on the on-chain real trading scenarios of gold (XAU), silver (XAG), and various metal perpetual contracts. It encourages users to participate in precious metal perpetual contract trading through a threefold mechanism: first trade incentives for newcomers, trading opportunity lotteries, and cumulative trading volume tiered rewards, enhancing market activity and liquidity.During the event, new users who complete a designated precious metal contract first trade of ≥500 USDT will receive rewards; a single trade of ≥1,000 USDT will accumulate lottery chances to share in the 14,000 USDT prize pool; at the same time, users who meet the cumulative trading volume criteria can unlock tiered airdrop rewards.

Gate Research Institute released "Gate TradFi Macro Multi-Asset One-Stop Coverage." As trading demand shifts from a single cryptocurrency circle to macro multi-assets, TradFi is becoming a new growth curve for CEX to extend user trading cycles, enhance fund retention, and strengthen hedging capabilities. The report points out that Gate TradFi uses MT5 as the underlying trading system, providing a diversified traditional asset CFD trading entry that covers precious metals, foreign exchange, indices, commodities, and popular US stock CFDs. Users trade price fluctuations rather than holding the underlying assets, and there are no expiration dates or delivery requirements.In terms of product mechanism, Gate TradFi uses USDx as the accounting display unit within the account, supported 1:1 by USDT, allowing users to participate in macro asset trading within the familiar USDT system without manual currency exchange. Meanwhile, the Gate App and MT5 client synchronize account data and trading records, facilitating multi-market rotation and risk hedging within the same account. Regarding costs and risk control, Gate TradFi standardizes the disclosure of key cost items such as spreads, commissions, and overnight fees, and clarifies the process and execution rules for triggering forced liquidation when the margin ratio falls to 50% or below.

According to Jinshi News, Rushabh Amin, portfolio manager of Allspring's Global Investment Multi-Asset Solutions team, pointed out in a research report that the current target range of 3.5% - 3.75% for the federal funds rate set by the Federal Reserve is very close to neutral levels and will not further exacerbate inflationary pressures.He expects that the market's focus will gradually shift to the appointment of the next Federal Reserve chair, with investors generally anticipating that the new chair may be more inclined to cut interest rates. The current market widely expects that the Federal Reserve will maintain interest rates at this week's monetary policy meeting.

According to the official announcement, Gate will launch multiple perpetual contract spot trading (USDT settled) on January 27 at 16:00 (UTC+8), further enhancing the global multi-asset trading landscape.The newly launched perpetual contracts cover several core sectors including precious metals, indices, forex, and commodities, including:Precious Metals Zone: XAL (Aluminum), XCU (Copper), XNI (Nickel), XPB (Lead), supporting 1--10x leverage.Indices Zone: US30 (Dow Jones Industrial Average), HK50 (Hong Kong Hang Seng Index), JPN225 (Nikkei Index), supporting 1--10x leverage.Commodities Zone: XTI (WTI Crude Oil), XBR (Brent Crude Oil), supporting 1--10x leverage.Forex Zone: EURUSD (Euro/US Dollar), GBPUSD (British Pound/US Dollar), supporting 1--100x leverage.Currently, Gate has launched precious metals, stocks, forex, commodities market, and traditional financial trading zones, covering various contract trading targets including gold, silver, crude oil, euro, pound, Dow Jones Industrial, Hang Seng Index, etc., with a maximum support of 100x leverage, continuously providing users with a synergistic trading experience between crypto and traditional financial assets.