PANews reported on January 13 that, according to HyperInsight monitoring, the trader with the largest long position in on-chain gold tokens is currently holding 1,500 PAXGold (PAXG) with 5x leverage, at an average entry price of $4,415.46, with a floating profit of $271,000; and holding xyz:SILVER (pegged to silver prices) with 10x leverage, at an average entry price of $78.879, with a floating profit of $484,000.
In addition, the address also leveraged a long position in a basket of on-chain US stock tokens, including Apple, Intel, Oracle, AMD, and Palantir.

ETHZilla CEO McAndrew Rudisill said the company’s strategy is to deploy Ether on the Ethereum network through layer-2 protocols and tokenizing real-world assets. Ether treasury company ETHZilla is looking to raise another $350 million through new convertible bonds, with funds marked for more Ether purchases and generating yield through investments in the ecosystem. ETHZilla chairman and CEO McAndrew Rudisill said on Monday that the company’s strategy is to deploy Ether (ETH) in “cash-flowing assets” on the Ethereum network through layer-2 protocols and tokenizing real-world assets. A growing number of digital asset companies are moving past simply holding crypto and looking to generate yields through active participation in the ecosystem, which crypto executives told Cointelegraph in August, could help spark a DeFi Summer 2.0.Read more

