News

According to ChainCatcher, Unitas Labs announced that its yield-bearing gold asset XGLD has officially launched today. It is reported that this asset is physically backed 1:1 by Tether Gold (XAUt).

The Indian government's X platform posted: Reports about the Reserve Bank of India selling approximately $12 billion worth of gold are "fake news."

Glonghui June 3rd｜Citi has released a report stating that, regarding the Lightwell initiative and the disclosed plan to reinvest $10 billion (over five years) to advance IBM's quantum vision and status in its 8K filing, it had discussions with the investor relations department. Overall, these are not events that will impact near-term estimates, but combined with initial findings in using AI to detect vulnerabilities and threats as well as the upcoming IPO of peer Quantinuum’s scaling efforts, they are attractive in the medium term. Both factors strengthen the bank's positive investment stance, which centers on IBM’s clever use of its ubiquitous, multi-product/multi-form factor infrastructure layout to quietly deepen its foundations within enterprise IT architecture, which is contrary to the current market view. At the same time, IBM is both adapting to and driving the two concurrent paradigm shifts in AI and quantum architectures/computing, and over time, its cash flow structure will surpass that of large technology peers, yet its value remains underestimated/misunderstood. As confidence in quantum momentum strengthens and related estimate impacts become more concrete, the bank has raised its target price from $285 to $375, with a “Buy” rating.