Abraxas Capital Goes All-In on Gold Short Position at $18.8M
Abraxas Capital Goes All-In on Gold Short Position at $18.8M
馃幉 Abraxas Bets Big Against Gold
Abraxas Capital has dramatically increased its bet against gold, making a short position worth approximately $18.8M its largest portfolio holding.
This aggressive move comes at a notable time:
- Major financial institutions recently raised gold price forecasts
- Trade war concerns continue to mount
- Central banks are actively accumulating gold reserves
The contrarian position represents a significant gamble that gold prices will decline, despite broader market sentiment pointing toward strength in the precious metal sector.
Abraxas Capital has increased its short position on gold to about $18.8M, making it the largest position in its portfolio.
AlloX Partners with SWFT Blockchain for Enhanced Cross-Chain Integration
AlloX has announced a partnership with SWFT Blockchain, marking a strategic collaboration in the cross-chain infrastructure space. **Key Points:** - The partnership aims to strengthen both platforms' capabilities in the multi-chain ecosystem - SWFT Blockchain operates the AllChain Bridge, a one-stop cross-chain swap platform - The integration could potentially enhance asset flow across different blockchain networks **About SWFT's Infrastructure:** - Supports wallet connections without registration requirements - Offers NFT swap functionality across major platforms including OpenSea and LooksRare - Enables users to swap tokens from any supported chain for NFTs with one-click functionality The collaboration reflects the ongoing trend of blockchain projects working together to improve interoperability and user experience across different networks.
Bridgers Emphasizes Smart Routing Over Speed in Cross-Chain Transfers
**Bridgers** highlights that optimal cross-chain routing isn't just about speed鈥攊t's about finding the smartest path for asset transfers. The platform continues to emphasize its core value proposition: - **Non-custodial execution** with user authorization - **Smart contract-powered routing** across chains - **Aggregated liquidity** for better execution Bridgers supports over 400 cryptocurrencies and allows routing of nearly 2 BTC per transaction. Recent token additions include MHGA (Solana), XMR, and BPRM (Base). The platform positions itself as a routing optimizer rather than just another bridge protocol, computing optimal execution paths by aggregating liquidity across multiple blockchain ecosystems. Users can connect their wallets directly at [dapp.bridgers.xyz](http://dapp.bridgers.xyz) without registration.
Vietnam Drafts Ban on Foreign Crypto Exchanges, Plans Domestic Alternative
Vietnam is taking decisive steps to regulate its cryptocurrency market through two major initiatives: **Key Developments:** - Government drafting regulations to **ban citizens from trading on overseas platforms** like Binance and OKX - Plans to launch a **pilot compliant domestic exchange** as early as this month - Move aims to bring crypto trading under national regulatory oversight **Potential Impact:** The domestic exchange pilot could enhance regulatory clarity and boost investor confidence while positioning Vietnam as a regional blockchain leader. This represents a shift from outright restriction to controlled participation in the crypto economy. The initiative follows a global trend of nations seeking to balance innovation with consumer protection in digital asset markets.
Bridgers Platform Routes 400+ Cryptocurrencies Across Multiple Chains
**Bridgers** has launched a cross-chain routing service supporting over 400 cryptocurrencies. **Key Features:** - Multi-chain asset swapping with simple tap interface - User authorization with automated routing - Access via [dapp.bridgers.xyz](http://dapp.bridgers.xyz) The platform aims to simplify cross-chain transactions by handling the routing complexity while users maintain control through authorization. This builds on the growing infrastructure for multi-chain asset movement in decentralized finance. The service joins other cross-chain solutions working to improve interoperability across blockchain networks.