ChainCatcher news, according to Jinshi reports, according to the latest report released by the independent research organization Federal Budget Accountability Committee, the total U.S. national debt has surpassed $36 trillion this week, reaching a record high.Since the end of July this year, the total U.S. national debt reached $35 trillion, and has now risen to $36 trillion in just over three months.

ChainCatcher news, according to Cointelegraph, the digital securities exchange Bitfinex Securities is conducting the first public offering of tokenized U.S. Treasury bills (T-bills) under the legal framework of El Salvador. As part of this issuance, the El Salvador-based digital asset issuer NexBridge Digital Financial Solutions will issue a new token with the trading code USTBL. This token aims to provide investors with an opportunity to invest in short-term U.S. Treasury bills denominated in U.S. dollars (USD).The initial offering by Bitfinex Securities aims to raise at least $30 million to continue the issuance of tokens, with the initial subscription period starting on November 19, 2024, and ending on November 29. According to Bitfinex Securities, this sale is the "first regulated" tokenized U.S. Treasury product based on Bitcoin technology. The new token will be issued on the Bitcoin Layer 2 network Liquid Network, and it is expected to provide an annualized yield to maturity of 5.02%. Proceeds from this issuance will be allocated to the iShares $ Treasury Bond 0-1yr UCITS ETF, which is a publicly listed ETF designed to track the investment results of an index composed of U.S. Treasury bonds denominated in U.S. dollars issued by the U.S. Department of the Treasury.

ChainCatcher message, according to the data from the RWA monitoring platform RWA.xyz, as of November 15, the market size of tokenized U.S. Treasury bonds is close to $2.4 billion, currently at $2.38 billion.Among them, BlackRock's BUIDL fund has a size of $541 million, ranking first; Ondo Finance's yield-bearing Treasury stablecoin USDY ranks second, with a size of $452 million; Franklin Templeton's FOBXX fund ranks third, with a size of $410 million.Ondo Finance's total TVL (market value of tokenized U.S. Treasury bonds) is approximately $653.57 million (including OUSG and USDY), ranking first among all protocols. In addition, the market value of U.S. Treasury bond tokens on the Ethereum chain is approximately $1.6 billion, ranking first among all networks, followed by Stellar (approximately $393 million).

ChainCatcher news, the yield on the 30-year U.S. Treasury bond rose by 23 basis points, marking the largest single-day increase since 2020.

ChainCatcher news indicates that Bitcoin has recently reached an all-time high against the BlackRock U.S. Treasury ETF. Last week, as BTC approached its historical peak of over $73,000 in March, its trading price reached 800 times the value of the BlackRock iShares 20+ Year Treasury ETF (TLT), surpassing the 466 times it reached during its peak in November 2021.Analysis suggests that the lack of incentives for price increases may be the reason why this ETF (with total assets of $60 billion) has fallen 7% this year while Bitcoin has risen 55%. The relative performance may indicate that investors are considering reallocating part of their portfolios from long-term U.S. Treasuries to Bitcoin. (CoinDesk)

ChainCatcher news, according to Jinshi reports, Jeffrey Rosenkranz, portfolio manager of the Shelton Tactical Credit Fund under Shelton Capital Management, stated that last Friday's October employment report helps to counter concerns that the Federal Reserve's aggressive rate cuts in September may have been premature.That is to say, based on data from the CME, he does not fully believe that there will definitely be two more 25 basis point rate cuts before the end of the year, even though interest rate futures traders have begun to anticipate such an outcome. While Powell is almost certain to be asked about the election, or how the rise in U.S. Treasury yields might affect their thinking, Rosenkranz expects that Powell is likely to object.

ChainCatcher news, according to official sources, Ondo Finance announced a partnership with Wellington Management to provide intraday redemption services for tokenized U.S. Treasury funds.It is reported that Wellington Management is one of the largest independent asset management companies in the world, with assets under management exceeding $1 trillion.

According to ChainCatcher news and reported by Cointelegraph, former U.S. President Trump stated in the latest episode of the Joe Rogan podcast that if he returns to the White House in 2024, he will seriously consider eliminating federal income tax and instead adopting tariffs on imported goods as the main source of government revenue. Trump cited the successful case of tariff policies during President McKinley's era in the 1890s, claiming that government revenue was so abundant at that time that a special blue ribbon committee was established to study funding usage plans.Previously, Trump hinted in an interview with Fox News that the current $35 trillion national debt issue could be resolved by "giving creditors some Bitcoin." Asset manager Bryan Courchesne stated that while establishing a Bitcoin strategic reserve in the U.S. is challenging, it is not impossible. The Department of Justice could transfer approximately 200,000 Bitcoins that have been seized to the Treasury as reserve assets and continue to accumulate digital currency to build a Bitcoin strategic reserve, although this process may face cumbersome administrative procedures.

ChainCatcher message, Paxos officially released the PYUSD transparency report for September 2024, disclosing relevant unaudited data as of August 31, 2024, 05:00 Beijing time, including:Total Tokens Outstanding decreased to $709,794,225;The current market value of collateral in U.S. Treasury securities is approximately $111,598,980, with a nominal position value of about $110,718,542;The current market value of collateral in U.S. Treasury collateralized reverse repurchase agreements is approximately $585,329,040, with a nominal position value of about $573,852,000;The current market value of cash deposits is approximately $23,224,383, with a nominal position value of about $23,224,383;The current market value of collateral in total net assets is approximately $720,152,403, with a nominal position value of about $707,794,925.

ChainCatcher news, according to CoinDesk, RWA issuer Midas announced that after obtaining approval from the Liechtenstein regulatory authorities, it will expand the range of its tokenized U.S. Treasury bonds and yield arbitrage trading products for retail users.This means that Midas has removed the $100,000 minimum investment requirement and investor certification process for the mTbill and mBasis tokens, and has simplified the token investment process to just "one click" to obtain the tokens. The company stated that these tokens can be used globally, excluding the United States and sanctioned countries.

ChainCatcher news, Felipe Villarroel, portfolio management partner at TwentyFour Asset Management, stated that in recent weeks, investor expectations have become more aligned with those of the Federal Reserve.He mentioned in a statement, "The U.S. Treasury market is currently pricing in two rate cuts of 25 basis points in November and December, which is consistent with the median of the dot plot." He indicated that the Federal Reserve's baseline scenario is an economic soft landing (a decrease in inflation without harming the economy and labor market) with growth close to the potential growth rate of 2%, which requires setting the neutral interest rate around 3%.

ChainCatcher message, Ondo Finance stated on platform X that it has partnered with BlackRock and Securitize to submit a proposal introducing Ondo's short-term U.S. Treasury OUSG to the Spark tokenization competition of Sky (formerly MakerDAO).It is reported that OUSG is an on-chain financial product that offers returns consistent with short-term U.S. Treasuries, with an asset management scale of approximately $229 million. Ondo hopes that OUSG can serve as an effective support for Sky's stablecoin USDS, enhancing the yield and liquidity of the Sky ecosystem.

ChainCatcher message, according to the latest data from the RWA monitoring platform RWA.xyz, as of September 21, 2024, the total value of the tokenized U.S. Treasury market reached $2.23 billion, an increase of 0.24% compared to 7 days ago. The average yield to maturity is 4.93%, with a weighted average duration of 0.106 years.BlackRock's BUIDL fund ranks first with a size of $522 million, followed closely by Franklin Templeton's FOBXX fund, which has a size of $435 million. Ondo Finance's OUSG and USDY products have a total value of approximately $628 million, ranking first among all protocols.In terms of blockchain network distribution, the market value of U.S. Treasury tokens on the Ethereum chain is approximately $1.62 billion, dominating the market, while the Stellar network ranks second with a market value of about $422 million.

ChainCatcher news, Tether disclosed on its official website that data shows Tether's reserves are primarily composed of U.S. Treasury bonds, with holdings exceeding $97.6 billion------if Tether were considered a country, its Treasury bond holdings would rank 18th globally, higher than Germany, the UAE, and Australia.Since its establishment, Tether has collaborated with 180 institutions across 45 jurisdictions, freezing approximately 1,850 wallets involved in illegal activities and recovering over $113.8 million in assets. Recently, Tether took decisive action against the notorious North Korean hacker group Lazarus Group, freezing and blacklisting them.

ChainCatcher news, according to Jinshi reports, based on the CME FedWatch Tool, the bets on a 50 basis point rate cut by the Federal Reserve next week have risen from 28% yesterday to 43%, and U.S. Treasury yields are expected to record a weekly decline. The CPI and PPI data released this week support expectations for a mild performance of the PCE data at the end of this month, leading some investors to anticipate that the Federal Reserve will be more concerned about employment issues.Meanwhile, The Wall Street Journal reported that officials are considering a more aggressive monetary easing policy as they believe inflation is under control and are worried about employment issues. The 10-year U.S. Treasury is trading around 3.657%, while the 2-year U.S. Treasury is at 3.598%.

ChainCatcher news, according to a report released by Binance Research, the market value of on-chain real-world assets (RWAs, excluding stablecoins) has exceeded $12 billion, indicating sustained investor interest in the blockchainization of traditional assets. Among them, the tokenized U.S. Treasury market stands out, with a market capitalization exceeding $2.2 billion. BlackRock's BUILD fund has a market value of $520 million, while Franklin Templeton's FBOXX fund has a market value of $434 million.The report points out that the ongoing high interest rates in the U.S. have driven the rapid growth of the tokenized Treasury market, but as the Federal Reserve is expected to lower interest rates in the coming months, the attractiveness of these yield products may be affected. Additionally, on-chain private credit, tokenized commodities, and the real estate market are also growing, with the on-chain private credit market valued at $9 billion.

ChainCatcher news, Paxos officially released the PYUSD transparency report for August 2024, disclosing the unaudited data related to PYUSD as of September 1, 2024, 05:00 Beijing time, including:Total Tokens Outstanding reached $908,164,708;The current market value of collateral in U.S. Treasury securities is approximately $149,017,480, with a nominal position value of about $148,342,340;The current market value of collateral in U.S. Treasury repurchase agreements is approximately $619,324,620, with a nominal position value of about $607,181,000;The current market value of cash deposits is approximately $156,006,044, with a nominal position value of about $156,006,044;The current market value of collateral in total net assets is approximately $924,348,144, with a nominal position value of about $911,529,384.

ChainCatcher news, according to Bitcoin Magazine on the X platform, U.S. Senator Cynthia Lummis stated that her "Bitcoin Strategic Reserve" bill is "the only viable solution that can reduce the national debt of the United States by half by 2045."