Tether Gold Outflows Hit 16x Their Daily Average as Whales Accumulate

Crypto whales are accumulating gold again just as spot prices slide. Asset manager Abraxas Capital pulled millions in Tether Gold (XAUT) off exchanges this week, and on-chain data suggests it is not acting alone. The whale activity comes as gold posts mixed results in July. Prices climbed early in the month, then slipped as US-Iran