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Stablecoin giant Tether has amassed a total of over 7.7 tons of physical gold to back its tokenized asset, Tether Gold. Tether revealed this via an attestation report, the first the company has issued for its digital asset Tether Gold ( XAUT ). Per the details, the Tether ( USDT ) issuer said it currently holds pure gold as reserve backing for every XAUT token in circulation. As of the report, the company held 246,523.33 ounces of gold, totaling more than 7.7 tons. “Each XAU₮ token is backed 1:1 by one troy ounce of physical gold, securely stored in a dedicated vault within world-class facilities in Switzerland,” the USDT issuer noted. The attestation release follows Tether’s establishment of its headquarters in El Salvador. In a comment, Tether chief executive officer Paolo Ardoino said the tokenized gold product has gained notable traction, including significant growth in the first quarter of 2025. Ardoino sees Tether Gold continuing to grow as demand across emerging markets rises. He also expects new exchange listings for XAUT to further boost adoption as gold shows greater resilience as a store of value. The Tether chief added: “With XAU₮, we’re offering users the ability to access the security of physical gold in a digital form—secure, easily transferable, and backed 1:1 by fully held gold reserves. It’s part of our broader commitment to building financial tools that combine the best of traditional assets with the efficiency of blockchain technology.” Despite this massive haul of gold, Tether sees Bitcoin ( BTC ) as “the most forward looking choice for the digital era.” The company points to itself as one of the biggest investor in BTC education resources. Tether is also an aggressive buyer of Bitcoin, and held over $8.2 billion in BTC at the end of Q1, 2025. XAUT’s market cap stood at over $770 million as of April 28, while the token’s price hovered near $3,300, mirroring the performance of gold. The token reached an all-time high of $3,423 on April 21, 2025.

Shiba Inu (SHIB) is back in the spotlight after crypto analyst Master Ananda revealed that the token is starting a new bullish phase, even stronger than the rally in early 2024. In his latest analysis, he highlights that SHIB’s long-term chart structure is now showing bullish signals that cannot be ignored. SHIB has finally rebounded by recording three consecutive weeks in the green after peaking in March 2024 and going through a series of healthy corrections. Master Ananda stated that if this week can close over the $0.000012500 barrier, final confirmation of the 2025 bull market will have definitely occurred. Just imagine if this is the beginning of a much bigger wave of growth. Master Ananda predicts that this increase could see SHIB soar up to 894% to $0.000139, with the potential for a new All-Time High (ATH) at $0.000220 — representing an increase of around 1,479%. Interestingly, according to him, there is a chance that the market is actually underestimating SHIB’s current potential. In other words, what is being formed could be greater than general expectations. On the other hand, the four-year market cycle that follows the rhythm of Bitcoin halving is believed to remain the main pattern in major movements like this. Furthermore, the Shiba Inu ecosystem does not just rely on price momentum. CNF previously reported that Shiba Inu’s Shibarium DApp Store had been officially launched, presenting more than 1,200 decentralized applications on their network. This is not just a number, because with the support of roll-up technology on the Layer 2 blockchain, Shibarium has succeeded in reducing gas costs while speeding up transactions. In fact, on April 3, 2025, Shibarium had recorded more than 1 billion transactions with 10 million blocks processed without major disruptions. Not only that, the token burning mechanism running on Shibarium is also believed to strengthen SHIB’s scarcity in the long term. However, Shiba Inu’s rapid development is not without challenges. Last week, Kaal Dhairya, one of Shiba Inu’s developers, warned the community against false claims about the TREAT token launching on Solana and Base. Dhairya emphasized that TREAT is only officially available on Ethereum, while the X account “Shiba Inu Treat” that was previously circulating was hacked to spread misleading information. This is a stark reminder that even a project as big as Shiba Inu must remain vigilant against external threats. Also, in early 2025, Shiba Inu’s lead developer, Shytoshi Kusama, introduced an interesting concept on a podcast: the “Shib Network State.” This concept describes Shiba Inu as a kind of digital entity that meets the criteria for statehood according to the Montevideo Convention. In it, four key tokens — SHIB , BONE, LEASH, and TREAT — serve as pillars of community, technology, legality, and innovation, respectively. Meanwhile, as of press time, SHIB is swapped hands at about $0.00001376, down 6.40% over the last 24 hours.

Solflare, one of the leading crypto wallets on the Solana network, has officially launched the Solflare Card , a new product that allows users to spend their USDC balances instantly without any additional fees or spending limits. Not only that, this card is also directly integrated with Google Pay and Apple Pay, so it can be used at more than 100 million merchants that accept Mastercard worldwide. Unlike regular crypto payment systems, the Solflare Card is self-custodial. This means that users’ USDC balances remain securely stored in their own wallets until the payment is made. Just imagine if you want to buy coffee or a plane ticket, just tap your phone, and your USDC is immediately used, without having to wait for an additional conversion process that can be annoying at the cashier. Not only that, all transactions are also guaranteed to be free of hidden fees. Furthermore, the Solflare Card is equipped with a layered security system, ranging from multi-factor authentication, biometrics, to real-time notifications every time a transaction is made. It feels like having a traditional wallet, but based on a super secure blockchain. However, on the other hand, some users have recently complained about difficulties accessing the Solflare wallet via the Chrome extension or mobile app. Their tokens are still safe and can be monitored via Solscan, but the user experience is slightly disrupted by the disruption in Solana’s RPC. Some users suggest checking VPN settings as a temporary solution. Not only presenting the Solflare Card, Solflare also continues to improve its ecosystem. They provide a non-custodial digital wallet that is compatible with the web, iOS, Android, and supports in-app staking, token exchange, Solana Pay system, notifications, and NFT functions. In fact, there is a new onboarding feature that makes it easy for novice users to immediately buy, store, and exchange tokens or NFTs , and explore DeFi services only via mobile or web. On the other hand, CNF previously reported that the Solana Foundation is currently pushing for major changes to their network. The foundation is introducing a new validator strategy to reduce the dependence of validators on funding support from the foundation. Research shows that there are validators whose funds come from 90% to 100% of the Solana Foundation. Through this step, Solana wants to build a stronger, more independent, and more resilient network. Meanwhile, market conditions also support optimism. At the time of writing, the SOL price was trading at about $146.16, up 3.72% over the last 7 days and 9.29% over the last 30 days.

🔥 JUST IN: Bitcoin was finally being recognized for what it is, a non-sovereign store of value during times of “US-risk-off” sentiment,says NYDIG’s Greg Cipolaro.

LINE FRIENDS and Walrus Collaborate on AI-Driven Multi-Chain Game On-Chain Storage According to official news, the latest multi-chain game "mini universe: ROOM" launched by IPX, the company behind LINE FRIENDS, will rely on Walrus, a decentralized storage platform, to store character designs, game assets and AI model files on the chain, making data readable, publishable and programmable. It is reported that the game includes multiple minini series characters such as Bunini from NewJeans, Zerobaseone's Zeroni and Geshin's Genshin minini. Previously, LINE FRIENDS attracted 210 million fans worldwide with its rich peripheral products. Perhaps affected by this news, WAL is now at $0.655, with a 24-hour increase of 18.68%.