Goldman Sachs: Once the Fed Becomes a Political Tool, It Will Drive Gold Price to $4500/oz
On April 18th, considering President Trump's recent frequent and dangerous signals towards Federal Reserve Chairman Powell, with threats to fire him if interest rates are not lowered, Goldman Sachs analysts issued a warning. They stated that once the Federal Reserve loses its independence, the market will be faced with extreme volatility.
Goldman Sachs anticipates that in an extremely unlikely tail risk scenario. If the market becomes worried about the Fed's subordination or changes in U.S. reserve policy risk, which leads to the continuous rise of central bank demand to 110 tons per month, the U.S. recession causing ETF holdings to rebound to epidemic levels and speculative positions reaching the tops of historical ranges, the gold price may approach $4500 per ounce by the end of 2025. (Wall Street News)
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Falcon Finance Stablecoin Protocol's Reserve Assets Surpass $130 Million
On April 18th, as per the official website, the reserve assets of Falcon Finance, a synthetic USD stablecoin protocol established by DWF Labs, have surpassed $130 million and currently stand at $133 million.
Its stablecoin USDf currently has a combined supply of $126.44 million.
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Arizona Digital Asset Reserve Bill Passes in House Committee
On April 18th, as reported by The Block, Arizona's "Strategic Digital Asset Reserve Act" (referred to as "SB 1373") was approved by a House committee on Thursday. Currently, the bill still needs to go through three readings and a full vote before it can be sent to the governor for final approval.
The SB 1373 bill proposes the establishment of a digital asset strategic reserve fund, which will be composed of appropriations from the legislature and confiscated crypto assets by authorities. The bill stipulates that the State Treasurer is allowed to deposit confiscated cryptocurrencies into the fund through qualified custody solutions or state-registered exchanges, and the Treasurer may borrow digital assets from the fund to generate additional returns.
The bill states that "The State Treasurer shall not invest an amount in any fiscal year that exceeds 10% of the total deposits of the fund."
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OpenAI's $500 billion Stargate AI Infrastructure project is considering expanding to Europe
On April 18th, according to TechFundingNews, the Stargate AI infrastructure project with a value of $500 billion led by OpenAI is contemplating expanding to Europe. The main candidate countries are the UK, Germany, and France.
This project was initiated by OpenAI, SoftBank, and Oracle and has started the construction of its first large-scale data center in Abilene, Texas, USA. Although the project's core is still concentrated on the US market, OpenAI CEO Sam Altman expressed that he is "very hopeful" to bring similar projects to Europe. European countries have responded favorably. The UK has launched an AI Opportunity Action Plan. France has secured more than €100 billion in AI infrastructure commitments. The EU has also announced simplified AI legislation to maintain competitiveness.
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Metis SDK is now officially open source to support developers in building a high-performance Web3 ecosystem.
On April 18th, Metis announced that its Software Development Kit (SDK) was officially open-sourced on April 17th and is now accessible publicly on GitHub, thereby making its underlying technical capabilities available to developers.
The Metis SDK is designed to assist developers in building a customized execution layer based on the Metis technology stack, indicating a strategic upgrade from a single Layer 2 to an open multi-chain platform ecosystem. This toolkit enables developers to create their own exclusive L2, L3, or other blockchain networks and brings various performance optimizations such as reduced transaction costs and accelerated transaction confirmation speed.
Furthermore, the Metis SDK incorporates features like Dynamic Opcode Optimization, the Parallel and Speculative Execution Mechanism, and AI infrastructure integration, enhancing on-chain AI inference capabilities and network security, thereby further promoting the adoption of high-performance Web3 applications.
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Arbitrum has launched a new transaction ordering strategy called Timeboost on Arbitrum One and Nova.
April 18th. According to official channels, Arbitrum has made an announcement that the new transaction ordering strategy, Timeboost, has been launched on Arbitrum One and Nova. It is reported that this novel transaction ordering strategy enables users to bid for access to the fast lane, thereby offering a faster transaction inclusion speed while still maintaining Arbitrum's private memory pool.
The new ordering strategy reduces network congestion by curbing wasteful latency competition and generates new potential revenue sources for DAOs. Through the private memory pool, users continue to be protected against frontrunning and sandwich attacks.
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