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Today's Summary

The prevailing theory goes something like this: Higher-earning consumers, encouraged by rallying stock holdings and elevated property values, are splashing out on vacations and premium goods. Tether has aggressively expanded its physical gold holdings, now estimated at around 140 tonnes valued at roughly $23B, making it one of the largest non-sovereign gold holders in the world. Digital asset treasuries like Metaplanet experienced a huge surge last year.