According to @OnchainLens, significant whale activity has been observed in gold-backed tokens. A newly created wallet, '0xcF7', received 2,100 XAUT ($10.58M) from Bitfinex, indicating increased accumulation of Tether Gold. Additionally, two wallets ('0x83F' and '0xd95') linked to a single entity withdrew 986 PAXG ($5.015M) from Binance, showcasing rising interest in Paxos Gold. This movement underscores growing institutional interest in asset-backed cryptocurrencies.

According to @dydxfoundation, the dYdX community is currently voting on whether to add $PAXG (Paxos Gold) to the dYdX Chain. The on-chain vote will conclude on August 19, 2024, at 22:24 UTC. Traders should monitor the outcome as it may impact trading opportunities and liquidity for $PAXG on the dYdX platform.