Gold hits a new all-time high, and strategy continues. It's Bitcoin buying spree. You're watching CoinDusk Daily. I'm your host, Jen Sanassi.

Gold surged to a record high of $3,500 an ounce earlier this morning. The move is driven by growing expectations of Federal Reserve

interest rate cuts, a worsening fiscal outlook for major economies, and increased political pressure

on central bank policies. Gold-backed tokens such as PAXG and X-AUT followed the rally, but have

since pulled back, along with the precious metal itself, which is now trading at around

$3,470. Meanwhile, Bitcoin remains below key resistance, trading at approximately $108,700

as of recording time. Despite Bitcoin's sideways price action, its largest corporate holder

strategy has continued its aggressive accumulation. The company added another 4,048

bitcoins last week, bringing its total holdings to 636,505 coins. The purchase was made for just under

$450 million at an average price of 110,981 per coin. Funding for the acquisition came primarily from sales of the company's

common stock supplemented by its preferred shares. Based on current prices, strategies, total

holdings are valued at just under $70 billion. I'm I'm going to be able to The And in Defi News, the Trump family affiliated project, World Liberty Financial is attempting to shore up investor confidence following its rocky market debut.

The team has proposed a buyback and

burn program, which would be funded by fees from its protocol-owned liquidity. This comes as the

project faces sharp market headwinds. According to Cuen Gecko, the WLFI token is currently

trading around 23 cents, down 27% on the day. That gives it a market cap of approximately $6.4 billion.

The program aims to reduce token supply by using liquidity fees to purchase and burn WLFI tokens.

That's it for CoinDesk Daily. Get more updates on CoinDesk.com and we'll see you next time.