Tether has announced plans to purchase 1–2 tons of gold weekly in the coming months, aiming to capitalize on arbitrage opportunities through active trading. This strategic move underscores Tether's commitment to diversifying its asset holdings and leveraging market dynamics. In other market developments, the Base ecosystem meme coin CLAWD saw a remarkable 170% surge in value within 24 hours, briefly reaching a market cap of $33 million. Meanwhile, a significant whale transaction involved a $3 million purchase of 90,700 HYPE tokens, with the whale holding a long position on HYPE with 5x leverage, resulting in a floating profit of $13.03 million. Additionally, Bitcoin and Ethereum spot ETFs experienced notable net outflows, with Bitcoin ETFs seeing a total outflow of $147 million, led by BlackRock's IBIT with $103 million. Ethereum ETFs recorded a total net outflow of $63.5334 million, with BlackRock's ETHA leading at $58.9679 million.