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Singapore Eyes Gold Vault Expansion to Compete as Global Bullion Hub

Singapore is exploring plans to expand its gold storage capacity as it seeks to position itself as a  major global bullion trading hub , targeting central bank reserves and institutional flows. Strategic Push Into Bullion Market Authorities are evaluating potential sites — including areas near  Changi Airport  — to enhance  vaulting infrastructure for gold storage , according to sources familiar with the discussions. The  Monetary Authority of Singapore  confirmed it is  considering the use of existing facilities for gold vaulting , though it stopped short of confirming expansion plans. The move aligns with Singapore’s broader ambition to strengthen its role in  precious metals trading and financial services . Targeting Central Banks and Institutional Demand A key objective is to attract  central banks , which collectively hold around  39,000 tonnes of gold , accounting for roughly  18% of global supply , according to the World Gold...
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Bitcoin Hits Three-Month Low, Dragging Crypto Stocks Down

 Bitcoin Drops Below $90K, Crypto Stocks Follow

  • Bitcoin fell 3.9% to $87,903 on Tuesday, touching a three-month low of $86,050.99.
  • MicroStrategy (MSTR) dropped 11%, Coinbase (COIN) fell 6.4%, and Robinhood (HOOD) declined 8%, reflecting the crypto market downturn.

MicroStrategy's Latest Bitcoin Purchase Loses Value

  • MicroStrategy bought 20,356 BTC for $1.99 billion last week at an average price of $97,514 per Bitcoin.
  • With BTC now below $88K, this investment has already lost around $200 million in value.
  • Despite this short-term drop, MicroStrategy's overall Bitcoin holdings (499,096 BTC) were acquired at an average of $66,357 per coin, still well below the current price.
  • Company’s Bitcoin holdings were worth $50 billion last Friday, now down to $44 billion.

Market Volatility & Investor Impact

  • The crypto selloff highlights Bitcoin’s volatility and its impact on crypto-related stocks.
  • Crypto stocks like MicroStrategy, Coinbase, and Robinhood remain highly sensitive to Bitcoin price swings.

Summary:

  • Bitcoin dropped to a three-month low, dragging down crypto-related stocks.
  • MicroStrategy's latest Bitcoin purchase is already down $200M in value.
  • Despite short-term losses, MicroStrategy’s overall Bitcoin position remains profitable.
  • Crypto stocks remain highly volatile, moving in tandem with Bitcoin.
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