Gate News Bot news, on November 13, according to CoinMarketCap, as of the time of writing, PAXG (PAX Gold) is currently priced at 4183.77 USD, rising 1.79% in the last 24 hours, with a high of 4200.07 USD and a low of 3977.96 USD. The 24-hour volume reached 199 million USD. The current market capitalization is approximately 1.395 billion USD, an increase of 24.5 million USD compared to yesterday.
Important news about PAXG recently:
1️⃣ Gate unified account adds PAXG as collateral
Gate announced on November 7th that its unified account system has added PAXG as a collateral currency. The maximum discount rate for PAXG reaches 85%, which means users can utilize PAXG assets more flexibly for leveraged trading or borrowing.
2️⃣ PAXG collateral value highly recognized
In the newly added collateral currencies, PAXG, along with LINEA and SKY, belongs to the highest discount rate tier, reaching 85%. This reflects the exchange's high recognition of the asset value and stability of PAXG, which may increase market confidence in PAXG.
3️⃣ The collateral function or enhance PAXG liquidity
With PAXG being incorporated into Gate's unified account collateral system, it is expected to attract more users to hold and use PAXG, potentially increasing its liquidity and demand in the market. This could be an important factor driving the rise in PAXG prices.
PAXG, as a cryptocurrency pegged to gold, typically has its price movements closely tied to the physical gold market. Recent fluctuations in gold prices may also be one of the important factors affecting PAXG's market performance.
This message is not intended as investment advice; investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitunix Analyst: Margin reduction combined with oil price shocks shifts market pricing towards "higher interest rates for a longer period"
CME lowers precious metals futures margin requirements, signaling increased market liquidity. The Middle East conflict has driven up energy prices, leading to a reassessment of inflation risks. The interest rate market pricing has shifted, with easing expectations cooling down, and funds focusing on U.S. non-farm payroll data, affecting economic and liquidity trends. The crypto market is also impacted, with short-term volatility rising.
GateNews10m ago
Culper Research shorted ETH, BitMine: Ethereum has entered a death spiral, Fusaka upgrade fee collapsed by 90%
Short-selling firm Culper Research publicly shorted Ethereum (ETH) and BitMine (BMNR), accusing the Ethereum Fusaka upgrade of causing transaction fees to plummet by 90%. The firm warned that the risk of a "death spiral" is increasing and questioned the sustainability of Ethereum's economic model. Culper cited Vitalik's recent sale of 20,000 ETH, indicating the founder's negative outlook on the current situation, and challenged the interpretation of active address growth, suggesting it may be the result of address poisoning attacks.
動區BlockTempo1h ago
Bittensor (TAO) Tests Crucial $180 Level Amid Renewed AI + Crypto Interest
Michaël van de Poppe's insights on TAO hint at a key resistance level at $180 that could lead to higher prices if surpassed. The token's tie to Bittensor and the AI-crypto narrative keeps it in focus as traders monitor its performance and volume for potential gains.
BlockChainReporter1h ago
HBAR Faces Renewed Pressure as $0.09 Support Weakens
Key Insights:
HBAR price repeatedly failed to clear value area high resistance, reinforcing overhead supply and weakening bullish momentum within the current range structure.
The $0.09 high timeframe support now defines short term direction as price rotates lower inside a clearly
CryptoFrontNews1h ago
Culper Research shorted Ethereum, citing the upgrade as the trigger for a death spiral
Culper Research report indicates that Ethereum's Fusaka upgrade caused excess block space, leading to a 90% drop in transaction fees, potentially entering a "death spiral" cycle, resulting in decreased staking demand and network security. The report mentions Vitalik Buterin selling large amounts of ETH, questioning Tom Lee's bullish outlook, and points out BitMine's loss risks held in Ethereum.
MarketWhisper1h ago
Pi Network Today's News: $0.20 Becomes the Bull-Bear Threshold, Token Unlock Adds Variables
Pi Network (PI) tokens recently surged in price, breaking through $0.1900, with a total increase of about 15%. Market sentiment has improved, and the fear index has risen back to 29. However, 20.8 million PI tokens will be unlocked on Saturday, which could increase selling pressure and pose a short-term risk to the price. If it can break through $0.1959, the target price is $0.2613; but a drop below the 50-day moving average could turn the trend bearish.
MarketWhisper2h ago
