Gold prices have fallen below $4,000 per ounce, impacting Antalpha's portfolio significantly. The firm has incurred over $50 million in losses on its gold positions since acquiring them a year ago. Currently, Antalpha holds $138.77 million in gold, a substantial decrease from their peak holdings of $329.86 million in January. The company has sold off approximately $142.28 million of its gold assets during this period.