Gold Goes Gaga, Bitcoin Hits the Big Time, and DAOs Say “Nope” 😎💰

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Markets

What to know:

  • Gold-backed tokens like Tether Gold (XAUT) are having a moment, because apparently, digital gold is the new black. 🌟✨
  • Bitcoin hit $89,800, which is basically the financial equivalent of winning a hot dog eating contest. 🌭💸
  • Curve DAO said “hard pass” to a $6.3 million proposal, because transparency is the new black… again. 🕵️♂️🔍

Gold is so hot right now, it’s making digital tokens backed by it feel like they’ve finally made it to the cool kids’ table. 🍽️💫

Tether Gold (XAUT), the Beyoncé of gold-backed tokens, hit an all-time high of $4,425, while PAXG and KAU were like, “Hey, we’re here too!” 🎤✨

“Investors are hedging like it’s 2008, but with more emojis,” BRN’s head of research Timothy Misir quipped in an email. 📧😂

Bitcoin, aka the digital gold your uncle won’t stop talking about, rose to $89,800, while the dollar index took a nap and tech stocks threw a party. 🎉💻

But don’t break out the champagne just yet-institutional investors are side-eyeing crypto like it’s a questionable TikTok trend. 🥂🤨

Derivative insights

  • Futures are giving mixed signals, like a teenager trying to decide what to wear to prom. 👗🤷♀️
  • BTC longs are rising on Bitfinex, which is either a sign of confidence or a cry for help. 🚀🆘
  • Volatility is as steady as a yoga instructor, but trading is as exciting as watching paint dry. 🧘♀️🎨
  • BCH, SHIB, WLFI, and TON are in the perpetual market penalty box, while the majors are like, “We’re good, thanks.” 🏒😏
  • Traders on Deribit are hedging their bets like they’re at a Vegas buffet. 🎰🍴

Token Talk

  • Curve DAO voted down a $6.3 million proposal faster than you can say “where’s the receipt?” 🧾✋
  • Yearn Finance and Convex Finance were like, “Not today, Satan,” and voted it down. 😈🔥
  • DAO members want transparency, because apparently, “trust us” isn’t a valid expense report. 🤔📊
  • One member wrote, “Show me the receipts or I’m calling the crypto police.” 🚔📄

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2025-12-22 14:53