News

Jinse Finance reported that US gold IRA service provider SmartGold has announced a partnership with tokenization platform Chintai to bring approximately $1.6 billion worth of treasury gold on-chain. This collaboration will tokenize gold and link it to self-directed retirement accounts (IRA), enabling investors to access the DeFi sector while maintaining the tax advantages of their retirement accounts. SmartGold specializes in self-directed individual retirement accounts (IRA) backed by physical gold. Traditionally, these assets are static, stored in vaults, and can only appreciate in value over time. Through tokenization in partnership with Chintai, SmartGold offers retirement savers a way to unlock liquidity without selling gold or triggering taxable events.

ChainCatcher news, according to Coinglass data, the current funding rates on major CEX and DEX platforms indicate that the market remains bearish on BTC and ETH. The specific funding rates are shown in the attached image. Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. It is a mechanism for capital exchange between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of holding contracts, keeping contract prices close to the underlying asset prices. When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.