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Analyst: De-escalation of US-Iran Tensions Could Trigger Larger-Scale Profit-Taking in Gold Market

2 hours ago

EFG International, UBS Group’s asset management arm, says multiple factors could push gold prices lower from current levels. EFG Chief Economist GianLuigi Mandruzzato notes the sharp volatility in Europe’s gold market on Jan. 29—when gold briefly hit $5,600 an ounce—highlights growing pullback risks. While still low-probability, any de-escalation in the Iran situation could prompt investors to reassess their gold positions, he said. Additionally, Mandruzzato adds the new Federal Reserve Chair—viewed as independent of Trump and credible on inflation—should boost investor confidence in dollar assets, cutting demand for safe-haven gold. (FXStreet)
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A Polymarket team member accuses Kalshi of inflating data, alleging "double-counting" of Esports volume.

February 5th, Polymarket team member shampoo took to social media, saying: “Kalshi is lying through their teeth—just like when they previously accused us of ‘double-counting.’ Users can verify this for themselves: open your browser’s Network panel and check the fetch requests made from /api.” Kalshi inflated their data by $1.7 billion using a generic “Esports” category. The correct figure should be the sum of all its subcategories under that label—roughly $63 million, which is still less than 10% of our esports trading volume. What’s more, Kalshi also double-counted in the “Counter-Strike” market, listing it as both “CS:GO” and “CS2.” Total amateur hour.

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CZ: Will try to spend less time debunking FUD one by one, there are more important things to do

**February 5: Binance Founder CZ Slams FUD, Fake Legal Letter** Binance founder Changpeng Zhao (CZ) took to social media on February 5 to push back against recent misinformation, stating: “Some FUD spreaders are now brazenly pushing rumors— even from accounts boasting 500k+ followers. I don’t know this account’s owner, nor do I recall when I blocked them, but it feels like a reasonable call. I’ve never sent that message to anyone. I’ll waste less time debunking these FUDs individually; there are more important things to focus on. Yesterday, the so-called ‘fake legal letter’ circulated briefly. I thought it was so obviously fake it didn’t warrant a response, but I still saw some self-proclaimed new media outlets share the image and publish articles about it. If people can’t tell the difference between obviously PS’d or AI-generated fake news/documents these days, they’ll likely end up broke. My apologies— that came off a bit blunt.”

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Yesterday Bitcoin ETF saw a net outflow of $544.9 million, Ethereum ETF saw a net outflow of $79.4 million

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Binance Futures will delist RVVUSDT and YALAUSDT U-MArket Perpetual Contracts

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