DGLD - Digital Gold Token

Crypto's foundation has arrived. Stablecoins are core financial plumbing, the PMF patterns are real, and the next layer — agents that can transact and operate on their own — is already being built on top. Here are seven pieces we published this week:

🏴‍☠️1/ If what I think is happening is really happening, then I can make some predictions. Especially about incoming European problems. But first an important side story, which also relates to the “special relationship”. What a lot of people don’t know is that when Minos Zombanakis, the father of the Eurodollar market, started looking for a hub for his offshore dollar operation in Europe, he originally hoped Brussels not London would be its base. That’s because Brussels was the home of NATO. This was not to be. As Andrew Hilton (city veteran) once told me, the Belgian central bank refused to give approval. Zombanakis next turned to Paris, but the BdF also rejected him. Finally, he turned to London. As Hilton tells the story “they [aka the BoE] didn’t put any obstacles in his way.” The rest, as they say, is history. London Eurodollar clearing became a trillion dollar business, over which Brexit fights would eventually be fought. In no time at all Stanley Yassukovich (at the time representing investment bank White Weld), as well as a number of other American banks, got approvals to set up euromarket operations in the square mile. Why did no other central banks want to say yes? Officially, they were concerned about financial stability. In reality, they knew what a dollar tap in their jurisdictions signified for their own monetary sovereignty. Their currencies would never be their own again, because European corps would always find it more cost effective to fund in dollars. This was all the more the case in any economy operating a dirigiste policy. They feared price discovery through competition. Eurodollars didn’t just bypass monetary control — they undermined the system of domestically captive finance that governments relied on, raising funding costs and exposing fiscal policy to external market discipline. It also translated to pressure on the gold price in ways that increasingly drained reserves. Which brings us back to the special relationship. Why did London say yes when nobody else would? Probably because it had no choice. It was just after Suez, which made the nature of capital flows and dependencies abundantly clear.

🇰🇵 DPRK loves it when you: - Save your seed phrase in a password manager. - Use hot wallets instead of hardware wallets. - Don't use antivirus, EDR or Lockdown mode in your devices. - Download pirated stuff, install shady apps and play games in your work device. - Accept calls from people without verifying them first. - Use SMS for 2FA. - Sync your passwords, google authenticator and passkeys to your Gmail account - Install lots of browser extensions - Don't update your Operating system and apps. - Repeat passwords. - Don't use a device exclusively for work - Don't verify what you are signing - Run npm install on a "coding challenge" from a recruiter you met on LinkedIn. - Blindly add npm/PyPI packages without checking the publisher, download counts, or recent version history. - Pin your dependencies to "latest" and hope for the best. - Trust any GitHub repo with a slick README and a few stars. - Reuse the same email for crypto, banking, and signing up to random newsletters. - Click "Remind me later" on security updates for weeks. - Disable Windows Defender because it "slows things down." - Plug in random USB drives you found at conferences. - Give every app full disk access without reading the prompt. - Brag about your portfolio size on Twitter under your real name. - Share your screen on Zoom with your main user logged in - Connect your wallet to every airdrop site that promises free tokens. - Approve unlimited token spending so you "don't have to do it again." - Keep your recovery codes in a screenshot in your camera roll. - Trust a Telegram admin who DMs you first. - Run unsigned binaries because "the SHA matches the website. Let's grow up as an industry and start treating security seriously. STAY SAFE

Our 2025 OMFIF gold report is being quoted by the Deutsche Bank

Record prices continued to shift gold demand dynamics in Q1, which saw a huge rise in gold bar and coin buying. We cover this and more from all sectors of the gold market, in our new Gold Demand Trends report, out now!

Record prices continued to shift gold demand dynamics in Q1, which saw a huge rise in gold bar and coin buying. We cover this and more from all sectors of the gold market, in our new Gold Demand Trends report, out now!