Lightspark CEO David Marcus claimed that Bitcoin remains “severely undervalued” compared to gold, suggesting the cryptocurrency could reach $1.3 million if it matched gold’s market capitalization. “I still feel Bitcoin is severely undervalued, especially if you compare it to gold,” Marcus said during a Monday interview with Bloomberg, adding that Bitcoin would trade at $1.3 million per coin at gold parity. The statement came as Bitcoin touched a fresh all-time high above $126,000 on October 7, while to ...

RAAC, a decentralized real-world asset (RWA) lending and borrowing ecosystem, is partnering with I-ON Digital Corp. to make $200 million of tokenized gold available for innovative, on-chain investment opportunities.The deal positions RAAC, a nascent project, among the top 15 RWA protocols in decentralized finance (DeFi) by total value locked (TVL), alongside BlackRock, Franklin Templeton, Tether, and Paxos (as of Oct. 2).I-ON Digital, a provider of compliant gold digitization, will deploy its gold-backed di ...