PANews reported on October 24th that Ray Dalio, founder of Bridgewater Associates, stated that history and logic clearly indicate that sanctions reduce demand for fiat currencies and the debt they denominate in, supporting gold. Throughout history, when this happens to major world powers and their reserve currencies, the global monetary order inevitably weakens. Therefore, as a non-fiat currency that remains safe and widely accepted, gold holdings and prices will rise.

21Shares has filed for a Hyperliquid ETF, while Bitwise’s Solana staking ETF has a big day of trading as investors perk their ears toward altcoins. Asset manager 21Shares is seeking to launch an exchange-traded fund (ETF) tracking the token behind the perpetual futures protocol and blockchain, Hyperliquid, amid growing Wall Street interest in alternative cryptocurrencies.The company filed for the 21Shares Hyperliquid ETF with the Securities and Exchange Commission on Wednesday, which did not disclose a ticker symbol or fee. Coinbase Custody and BitGo Trust were named as custodians.It follows a similar filing for a Hyperliquid (HYPE) ETF from Bitwise last month. The token gives discounts on the Hyperliquid decentralized exchange and is used to pay fees on its blockchain. It has increased in value over the past year, in line with the service’s growing popularity.Read more
