Tokenized Gold, Bitcoin’s Silent Ally?

Greg Cipolaro believes putting US gold reserves on the blockchain will benefit Bitcoin.

Danielle du Toit
March 24, 2025

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NYDIG’s Greg Cipolaro believes putting US gold reserves on the blockchain will benefit Bitcoin despite the two assets being nothing alike.

Blockchain tracking of US gold reserves could boost transparency, but it will still depend on trusted central entities for data input, unlike Bitcoin’s trustless system.
Greg Cipolaro of NYDIG argues that blockchains are limited as they can't independently verify real-world facts like gold quantities or prices.
While not trustless like Bitcoin, gold tokenization on-chain could support better audits and potentially benefit the broader crypto ecosystem.

Sonic is developing a high-yield algorithmic stablecoin, aiming to deliver up to 23% APR.

Sonic blockchain, formerly Fantom, is developing an algorithmic stablecoin that could offer up to 23% yields. This revived debates around the risks of these kinds of projects post-TerraUSD collapse.
Andre Cronje, Sonic Labs co-founder, shared that early proof-of-concept results show strong yield potential, scaling from 200% APR at lower TVL to around 5%.
Cronje acknowledged the emotional trauma from past stablecoin failures, and even admitted experiencing PTSD from the TerraUSD disaster despite his current confidence in Sonic’s new stablecoin.

Pakistan took a major step toward embracing cryptocurrency by proposing the use of its surplus energy to mine Bitcoin.

Pakistan is shifting toward a pro-crypto stance, with the new Crypto Council proposing to use surplus energy for Bitcoin mining to attract foreign investment and build a strong digital asset ecosystem.
Senator Muhammad Aurangzeb endorsed the initiative, and called it the beginning of a digital era focused on transparency, economic empowerment, and tech leadership.
The move is a stark reversal from the government’s 2023 position, when officials firmly rejected crypto legalization because of anti-money laundering concerns.

The US Treasury Department believes that there is no need for a final court judgment in a lawsuit over its sanctioning of Tornado Cash.

The US Treasury removed Tornado Cash and related smart contracts from its sanctions list on March 21.
The Treasury now argues the case is moot, and stated that there’s no longer a legal issue since the sanctions have been lifted.
Coinbase’s chief legal officer Paul Grewal disagrees, and argued that declaring the case moot before an official judgment undermines proper legal procedure.

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