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The altcoin market is pulling back from its recent highs, and a top analyst believes the reason is hiding in an unexpected place: the gold market. According to Michaël van de Poppe, a powerful breakout in the price of gold could be signaling a short-term capital rotation away from risk-on assets like crypto.

In a move designed to answer key questions about its safety and strategy, synthetic dollar protocol Falcon Finance has released a detailed breakdown of its $632.5 million in reserves and the market-neutral methods it uses to generate yield. The report offers a transparent look under the hood as the project’s head, Andrei Grachev, directly addresses and dismisses recent criticism from competitors.

Bitcoin experienced volatility on Friday following the airstrike by Israel on Iran. The intensification of conflicts shook the world markets, resulting in substantial corrections for the cryptocurrencies. Bitcoin, which was above $107,000 since June 9, briefly fell under $103,000. At the time of press, BTC is at , showing a 2.23% decrease over the last 24 hours.

An old tweet from Elon Musk declaring, “Bitcoin is my safe word,” originally posted in December 2020, has resurfaced, notably amplified by X co-founder Jack Dorsey, when he brought on attention to Musk’s leanings towards digital currency, especially as current financial uncertainty and debates over U.S. government spending intensify.

Abu Dhabi has to establish a quantum-resistant blockchain infrastructure for government and economic applications.