{"id":3113,"date":"2026-02-09T15:38:41","date_gmt":"2026-02-09T15:38:41","guid":{"rendered":"https:\/\/bondsandfonds.com\/index.php\/2026\/02\/09\/crypto-market-update-tether-doubles-down-on-gold-with-us150m-gold-com-stake\/"},"modified":"2026-02-09T15:38:41","modified_gmt":"2026-02-09T15:38:41","slug":"crypto-market-update-tether-doubles-down-on-gold-with-us150m-gold-com-stake","status":"publish","type":"post","link":"https:\/\/bondsandfonds.com\/index.php\/2026\/02\/09\/crypto-market-update-tether-doubles-down-on-gold-with-us150m-gold-com-stake\/","title":{"rendered":"Crypto Market Update: Tether Doubles Down on Gold With US$150M Gold.com Stake"},"content":{"rendered":"<\/p>\n

<\/em>Here’s a quick recap of the crypto landscape for Monday (February 9) as of 9:00 a.m. UTC. <\/strong><\/p>\n

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.<\/p>\n<\/p>\n

\n

Bitcoin (BTC)<\/strong> was priced at US$69,837.08, down by 1.1 percent over 24 hours.<\/p>\n<\/div>\n

<\/small><\/p>\n

Bitcoin price performance, February 9, 2026.<\/em><\/p>\n

<\/small><\/p>\n

Chart via TradingView<\/p>\n

Ether (ETH) <\/strong>was priced at US$2,049.31, down by 3.5 percent over the last 24 hours.<\/p>\n<\/div>\n

\n

Altcoin price update <\/h3>\n
    \n
  • XRP (XRP)<\/strong> was priced at US$1.41, down by 3.5 over 24 hours.<\/li>\n<\/ul>\n
      \n
    • Solana (SOL)<\/strong> was trading at US$84.50, down by 3.9 percent over 24 hours. <\/li>\n<\/ul>\n<\/div>\n
      \n

      Today’s crypto news to know <\/h3>\n

      Tether deepens gold push with US$150M stake in Gold.com<\/h4>\n

      Tether has made a US$150 million investment in Gold.com, acquiring roughly a 12 pecent minority stake as it moves to broaden access to both tokenized and physical gold. <\/p>\n

      The deal sets up a long-term partnership that will integrate Tether\u2019s gold-backed token, XAU\u20ae, into Gold.com\u2019s platform and explore ways for customers to buy physical gold using digital currencies such as USDT and the newly launched, federally regulated USA\u20ae. <\/p>\n

      The move comes as gold prices push above US$5,000 an ounce, reinforcing demand for hard-asset exposure amid geopolitical and macroeconomic uncertainty. Tether said the gold-backed stablecoin market has nearly tripled over the past year to more than US$5.5 billion, with XAU\u20ae accounting for over 60 percent of total market value. <\/p>\n

      The company says XAU\u20ae is backed 1:1 by allocated physical gold, with about 140 tons in total held in secure vaults and each token linked to a specific London Good Delivery bar. <\/p>\n

      Bitcoin breaks below US$70,000 as liquidations accelerate<\/h4>\n

      Bitcoin fell sharply this week, breaking below the closely watched US$70,000 level and trading as low as roughly US$60,300 before stabilizing near US$65,000<\/p>\n

      The US$70,000 mark had become a crowded positioning zone, and once it failed, mechanically driven selling took over.<\/p>\n

      In addition, the Crypto Fear & Greed Index dropped to 9, its lowest reading in nearly four years, while futures open interest slid toward multi-month lows, signaling defensive positioning rather than dip-buying. \u201c<\/p>\n

      South Korea tightens scrutiny after Bithumb\u2019s distribution error<\/h4>\n

      South Korea\u2019s Financial Supervisory Service has moved to strengthen oversight of crypto exchanges following a major error at Bithumb that briefly flooded user accounts with billions of dollars\u2019 worth of bitcoin. <\/p>\n

      The incident occurred when customers were mistakenly credited with roughly 2,000 BTC each instead of small promotional rewards, triggering panic selling and a sharp price dislocation on the exchange. <\/p>\n

      Bitcoin prices on Bithumb fell as much as 30 percent below global levels before trading and withdrawals were halted.<\/p>\n

      Authorities said the episode exposed \u201cvulnerabilities and risks\u201d in virtual asset systems and raised concerns about internal controls and reserve backing. \u201cIt is a case that shows the structural problems of electronic systems for virtual assets,\u201d said Lee Chan-jin, governor of South Korea\u2019s Financial Supervisory Service. <\/p>\n

      Regulators plan to introduce tougher penalties for IT failures and expand monitoring tools that flag suspicious trading patterns in real time. <\/p>\n

      Of the more than 620,000 bitcoins mistakenly distributed, authorities said nearly all have since been recovered.<\/p>\n

      FDIC settles FOIA fight over crypto \u2018pause letters\u2019<\/h4>\n

      The Federal Deposit Insurance Corporation (FDIC) has agreed to pay US$188,440 in legal fees and drop its effort to withhold crypto-related \u201cpause letters,\u201d settling a Freedom of Information Act lawsuit tied to alleged debanking practices.<\/p>\n

      The case stemmed from a records request filed by History Associates on behalf of Coinbase, seeking documents that showed how banks were allegedly pressured to halt or limit crypto activities. <\/p>\n

      A federal court ruled last year that the FDIC violated FOIA by categorically withholding the letters rather than reviewing them individually. <\/p>\n

      \u201cWe successfully uncovered dozens of crypto \u2018pause letters\u2019\u2014indisputable proof of OCP2.0,\u201d Coinbase chief legal officer Paul Grewal wrote on X after the settlement.<\/p>\n<\/div>\n

      Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n

      Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/p>\n

      <\/div>\n<\/p>\n
      This post appeared first on investingnews.com<\/div>\n

      <\/p>\n","protected":false},"excerpt":{"rendered":"

      Here’s a quick recap of the crypto landscape for Monday (February 9) as of 9:00 a.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin (BTC) was priced at US$69,837.08, down by 1.1 percent over 24 hours. Bitcoin price performance, February 9, 2026. Chart…<\/p>\n","protected":false},"author":1,"featured_media":3114,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-3113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/posts\/3113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/comments?post=3113"}],"version-history":[{"count":0,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/posts\/3113\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/media\/3114"}],"wp:attachment":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/media?parent=3113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/categories?post=3113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/tags?post=3113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}