Veda Opens Vault API to 120M Privy Wallets as Gold Hedgers Quietly Buy the Iran Collapse

Veda announced a self-serve vault API for Privy, opening institutional-grade DeFi yield strategies to fintechs powering over 120 million wallets across 2,000+ developer teams — a distribution shift that should increase stablecoin on-chain yield demand. Separately, U.S. COT data shows large specs cut 10,314 gold longs while commercial hedgers added 5,121 longs and trimmed 742 shorts; total open interest fell by 25,836 contracts. That hedger accumulation amid speculator washout, coupled with muted price responses to renewed Iran tensions and volatile Brent moves, suggests informed money is quietly positioning for a regime shift in safe-haven hedges. The pieces point to growing plumbing for on-chain yield and a potential foundational bottoming process in gold, even if spot prices remain rangebound for now.