Key Highlights U.S. spot Bitcoin ETFs have reversed a $5.8 billion year-to-date deficit to post nearly $800 million in net inflows, per SoSoValue data. Nearly $4 billion of inflows arrived after Treasury Secretary Scott Bessent’s August announcement of increased bond purchases amid surging yields. Despite a six-day winning streak, 2025 inflows remain far below the ...
Key Highlights Chicago Fed President Austan Goolsbee signaled openness to rate cuts if inflation meaningfully decelerates toward the 2% target, while emphasizing the need for decisive action against price pressures. U.S. Treasury Secretary Scott Bessent expressed confidence in Fed Chairman Kevin Warsh and noted President Donald Trump shares that confidence, alongside an expansion of the ...
Bitcoin’s near-term upside faces fresh headwinds after hotter-than-expected core inflation data, but a potential failure of the U.S. Treasury’s bond buyback program could strengthen the longer-term bullish case, according to a new report from European asset manager CoinShares. Sticky Inflation Raises Odds of Tighter Fed Policy In a Friday note, CoinShares Head of Research James ...
Treasury Yields Surge to Multiyear Highs as Oil Tops $100 U.S. Treasury yields climbed to multiyear highs on Thursday, driven by a spike in oil prices that overshadowed a relatively benign wholesale inflation report. The benchmark 10-year Treasury note yield rose more than 6 basis points to 4.908%, marking its highest level since November 2023. ...
Treasury Secretary Scott Bessent is pressing the Senate to advance the CLARITY Act when lawmakers return from their August recess, renewing pressure on Congress to establish a comprehensive regulatory framework for digital assets. In a post on X, Bessent warned that further delays could weaken U.S. leadership in crypto and limit the governmentâs ability to ...