The U.S. 10-year Treasury yield exploded to 4.50%, the sharpest jump in weeks. While the majority in the crypto community suspect China is dumping bonds, it could be more structural and liquidity-driven rather than purely geopolitical. This unprecedented surge in yields means rising costs of borrowing and investor jitters about sticky inflation and an influx […]
U.S. Treasury
Tornado Cash Cleared from OFAC Sanctions List, But Legal Challenges Continue
U.S. Treasury removes Tornado Cash addresses from OFAC sanctions list after court ruling, while maintaining pressure on North Korean cybercrime activities.
Tether Reports Record $13B Profit, U.S. Treasury Holdings Hit $113B
Tether posts record $13B profit in 2024, U.S. Treasuries hit $113B, equity surpasses $20B, and USDT expands to Bitcoin & Lightning.
Crypto Concerns: U.S. Treasury Official Calls For Action Against Illicit Finance
U.S. Treasury Under Secretary for Terrorism and Financial Intelligence Brian Nelson gave a stark warning on the agency’s posture toward cryptocurrencies and their potential to serve illicit finance in a landmark session in front of the House Financial Services Committee. Once given the opportunity to speak before the committee, Nelson gets right down to it […]