ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

The Bankless Weekly Rollup analyzes recent market trends, focusing on the surge in gold and silver prices and their potential impact on the crypto market. The hosts examine Tether's significant gold holdings, rivaling those of some central banks, and debate whether the energy from precious metals will rotate back into crypto. They explore the implications of Fidelity launching a USD stablecoin (FIDD) on Ethereum, viewing it as a potentially significant move given Fidelity's established presence in crypto. Additionally, they discuss Ethereum's quantum resistance efforts and the potential for ETH to catch up to gold's market cap, while also touching on a story about a government contractor's son allegedly stealing $40 million in crypto funds.