ChainCatcher news, according to market news, U.S. Treasury Secretary Basant will deliver a speech on the state of the financial system at 10 AM Eastern Time on April 23 (10:00 PM Beijing Time tonight).

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas posted on the X platform, "Yesterday, while the stock market fell, Bitcoin surged significantly, showing a negative correlation with the stock market over the past week or so, outperforming U.S. Treasuries (which have become unreliable again), although gold also performed comparably to its own level (-98). Of course, this is a ridiculous short-term framework, but in my view, if Bitcoin wants to be seen as a true alternative, it must achieve an increase."

ChainCatcher news, according to Tradingview data, the yield on the U.S. 10-year Treasury bond has risen to 4.414%, an increase of 1.94% in 24 hours.The yield on the U.S. 10-year Treasury bond is known as the "risk-free rate." This indicator is a key data point that the Trump administration hoped to lower in order to refinance trillions of dollars in debt. Typically, when market risk aversion intensifies, investors may increase their demand for safe-haven assets like Treasury bonds, which usually leads to a decrease in the 10-year Treasury yield. However, despite recent market turmoil and a decline in U.S. stocks, the yield on the U.S. 10-year Treasury bond has unexpectedly surged to 4.414%.

ChainCatcher news, according to Whale Alert monitoring, Tether Treasury has newly burned 1.5 billion USDT on Ethereum.

ChainCatcher message, according to Whale Alert monitoring, Tether Treasury has minted 1 billion USDT on the Tron network 4 minutes ago.

ChainCatcher news, according to Jinshi reports, Japanese Prime Minister Shigeru Ishiba stated today that Japan will emphasize "fairness" in any discussions with the United States regarding exchange rates. Some analysts suggest that Japan could leverage its holdings of over $1 trillion in U.S. Treasury bonds as a trade lever; however, Japanese Finance Minister Katsunobu Kato ruled out the possibility of using them as a bargaining chip earlier this month.When asked whether Japan would mention its holdings of U.S. Treasury bonds during negotiations, Ishiba stated, "This is a matter based on mutual trust, global economic stability, and the stability of both economies."

ChainCatcher news, Musk unfollowed U.S. Treasury Secretary Scott Bessent on X earlier today.It is reported that Musk had previously publicly criticized White House trade advisor Peter Navarro on X and directly called on Trump to rescind the new tariffs, but to no avail. According to POLITICO, Trump had revealed to his inner circle that Musk would soon leave the Department of Government Efficiency (D.O.G.E.). Although this news has been denied by Musk, his wealth has decreased by $134.7 billion so far this year.

ChainCatcher message, according to Whale Alert monitoring, at 22:20 Beijing time, 229,767,998 USDT (approximately 229.68 million USD) was transferred from Bitfinex to Tether Treasury.

ChainCatcher news, according to a prediction by Binance Research, the supply of U.S. Treasury bonds will exceed $31 trillion by 2025, accounting for about 109% of GDP and 144% of M2, a record scale that will create significant financing pressure on the market.Declining foreign demand or sell-offs may push up yields, thereby affecting risk assets such as cryptocurrencies. If the government adopts debt monetization, it may benefit cryptocurrencies. Close attention should be paid to macro impacts and policy responses.

ChainCatcher news, according to Jinshi reports, Politico White House reporter Megan Messerly stated that U.S. Treasury Secretary Mnuchin privately warned that replacing Federal Reserve Chairman Powell could lead to market instability.It is reported that Trump is also aware of this, so despite his renewed dissatisfaction with Powell, according to Messerly, Powell's position currently seems secure. Powell has consistently stated that he will not resign, and others have said that Trump does not have the power to dismiss him.

ChainCatcher news, according to Jinshi reports, there are market rumors that European financial regulators are questioning the safe-haven status of U.S. Treasury bonds.

ChainCatcher news, Federal Reserve Chairman Powell stated that there is currently no modern experience to deal with such high tariffs. The market is digesting the current situation regarding the decline in the stock market and U.S. Treasury yields, and it is expected that market volatility will continue. (Jin Ten)

ChainCatcher News, CBS reported, citing multiple informed sources, that while the White House has been trying to assert that Trump administration officials are unified in their stance on U.S. tariff policy, internal divisions regarding the policy had already emerged weeks before Trump signed the so-called "reciprocal tariff" executive order on April 2. Senior advisors to Trump had privately warned that some tariff proposals could have devastating effects on global financial markets and plunge the U.S. economy into a downward spiral.CBS stated that U.S. Treasury Secretary Scott Basset and Trump's senior trade and manufacturing advisor Peter Navarro had a heated argument in the office of White House Chief of Staff Susan Wiles in late March. According to several informed sources, Navarro advocated for a comprehensive 25% tariff on $3 trillion worth of imported goods, while Basset, a former Wall Street investor, warned that such a move would trigger market turmoil and outlined various risk scenarios. The report indicated that intense rhetoric was continuously emerging.

ChainCatcher news, JPMorgan CEO Dimon stated that the "deleveraging" process of U.S. Treasury bonds may have passed to some extent. "Decoupling from China should not be the goal."

ChainCatcher News, U.S. Treasury Secretary Basant stated in an exclusive interview with Bloomberg that the current tariff levels on China are unsustainable and that a "significant agreement" will be reached in the future. He also mentioned that negotiations with some allied countries regarding U.S. reciprocal tariffs are progressing rapidly and hinted that other countries should engage in trade negotiations with the U.S. as soon as possible.In the interview, Basant responded to the current U.S. tariffs on China by stating that the current tariff figures are very high and cannot be dismissed lightly, "I think no one believes they are sustainable, and no one wants them to remain in place indefinitely." He stated, "There's a big deal to be done at some point."

ChainCatcher news, former U.S. Treasury Secretary Yellen stated on Monday that the rationale for Trump's tariff policy is "unclear and not wise at all."Yellen noted that the recent turmoil in the bond market and the weakness of the dollar reflect a "loss of confidence," although things have not yet reached a point where the Federal Reserve needs to intervene. She stated, "The measures to cancel and reduce tariffs are positive, but we are in a world full of great uncertainty." She expressed confusion over some of the targets of the tariff measures. Yellen said, "If there are real concerns about financial stability, I believe the Federal Reserve would consider using liquidity tools as it did at the beginning of the pandemic." "But we are not at that point yet."

ChainCatcher News: U.S. Treasury Secretary Basant stated that they are considering successors to Federal Reserve Chairman Powell and will begin interviewing candidates in the fall.

ChainCatcher news, JPMorgan Asset Management stated that there are signs of strong foreign demand, and the market expects the Federal Reserve to support U.S. government debt when necessary, suggesting that U.S. Treasury bonds may have bottomed out.The company's global fixed income chief, Bob Michele, said, "I feel good; we have invested here at low prices and high yields." "In our conversations with overseas investors, they are not scared off by U.S. Treasuries." Previously, U.S. Treasuries experienced their largest drop since 2001, due to Trump's tariffs and unpredictable policymaking undermining demand for long-term safe-haven assets. Michele cited Federal Reserve data showing that foreign central banks and reserve management institutions have recently increased their holdings of U.S. Treasuries. He also noted that Federal Reserve's Collins recently commented that if things become chaotic, the Fed is "absolutely ready" to help stabilize financial markets.

ChainCatcher news, according to CoinDesk, JPMorgan CEO Jamie Dimon stated that he is preparing to deal with the turmoil in the nearly $30 trillion U.S. Treasury market, while the Federal Reserve will only take action when they start to feel a bit panicked. The U.S. Treasury market plays a central role in global finance, setting the tone for all market factors, from mortgage rates to corporate bond yields.Jamie Dimon warned that if the financial system were to become paralyzed again, the consequences could ripple through the entire economy. Turmoil in the U.S. Treasury market leading to Federal Reserve intervention may prompt some investors to turn to Bitcoin (BTC), which is often seen as a hedge against currency instability—similar to the situation in 2020 when the Federal Reserve took aggressive stimulus measures, causing Bitcoin prices to soar.