ChainCatcher news, according to Jinshi reports, Ed Yardeni, president of Yardeni Research, stated that to maintain the strength of the dollar, the Federal Reserve may need to stop cutting interest rates.Yardeni pointed out that the U.S. economy is performing robustly, and his company, Yardeni Research, has always held a positive view on the dollar. A few months ago, due to market expectations of multiple interest rate cuts by the Federal Reserve, the dollar weakened, which Yardeni believes would be a mistake. He added that the performance of the U.S. Treasury market and the dollar supports this view. He believes that by stopping or reducing interest rate cuts, the Federal Reserve will help maintain the strength of the dollar.

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, U.S. Republican presidential candidate Trump announced victory in the 2024 presidential election. According to 4E monitoring, U.S. stock index futures continue to rise, with gains approaching 2%.As of the time of publication, the S&P 500 index and Nasdaq 100 index futures rose by 1.86% and 1.7%, respectively, while Dow futures soared by 875 points, up 2.05%. The Russell 2000 index futures even surged over 4.78%.In addition, the benchmark yield on U.S. Treasuries has risen to 4.41% for the 10-year Treasury note. The U.S. dollar index, which measures the dollar's performance against six major trade-weighted currencies, skyrocketed by 1.53%, reaching as high as 105.19, a four-month high.

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 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, 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, 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."

ChainCatcher message, based on data from the RWA monitoring platform RWA.xyz, as of August 15, the market size of tokenized U.S. Treasury bonds has surpassed $1.9 billion, currently at $1.92 billion; it has increased by $110 million since July 9, 2024, rising 6.08% in about five weeks. Among them, the FOBXX fund from Franklin Templeton has a size of $843 million, surpassing BlackRock's BUIDL fund ($517 million).In addition, the market capitalization of U.S. Treasury bond tokens on the Ethereum chain is approximately $1.4 billion, ranking first among all networks, followed by Stellar (approximately $430 million).

ChainCatcher news, Mark Dowding, Chief Investment Officer of BlueBay, an asset management company under the Royal Bank of Canada, stated that the recent rise in U.S. Treasury bonds seems a bit excessive, and the market may have already priced in the impact of the Federal Reserve's interest rate cuts. Given the expectation of an 80 basis point cut in interest rates over the remainder of 2024, we believe this is an overshooting range, with fair pricing suggesting one to two rate cuts. In light of this view, we tend to take a contrarian approach to the recent trend in U.S. Treasury yields. (Jin Shi)

ChainCatcher news, the tokenization platform OpenEden will launch tokenized U.S. Treasury bills (T-bills) to the XRP Ledger and its users. OpenEden's TBILL token is backed by short-term U.S. Treasury bills and reverse repurchase agreements collateralized by U.S. Treasury bills.In addition, Ripple will provide $10 million in support for this token.

ChainCatcher news, Bitfinex analysts indicate that the ever-expanding U.S. debt may solidify Bitcoin's position, "The $35 trillion U.S. national debt highlights the importance of Bitcoin as a 'hard currency' and could become a catalyst for Bitcoin's next upward cycle... This may prompt investors to seek other stores of value like Bitcoin, which are often seen as a hedge against economic inefficiency."

ChainCatcher news, friendly U.S. Senator Cynthia Lummis posted on X platform stating that the U.S. national debt has reached $35 trillion, and Bitcoin's strategic reserve can stop this out-of-control train.This week, U.S. national debt has surpassed $35 trillion for the first time. According to the Congressional Budget Office, as spending and interest expenses grow beyond tax revenue, the national debt is projected to reach $56 trillion by 2034.

ChainCatcher news, Layer 1 blockchain network Injective announced on its official blog that the Mountain Protocol will launch today on Injective, bringing the first native yield stablecoin (USDM) to the Injective ecosystem.Users can now utilize USDM to develop various dApps built on Injective while still earning yields from U.S. Treasury bonds. Potential use cases include using USDM as collateral when trading derivatives, employing the asset in lending protocols, or deploying the asset to various money market platforms on Injective.

ChainCatcher news, in the lawsuit by the U.S. Securities and Exchange Commission (SEC) against Binance Holdings Limited, the motion order from the District Court of Columbia approves BAM Trading Services Inc. and BAM Management US Holdings Inc. to invest part of their customers' fiat currency funds in U.S. Treasury bonds. BAM Trading and BAM Management are the U.S. entities operating Binance.US, which means that currently only Binance.US is authorized to invest part of customer assets in U.S. Treasury bonds.

ChainCatcher news, according to market news, Binance has obtained court approval to deposit customers' fiat funds into U.S. Treasury bonds.

ChainCatcher news, 21.co strategy analyst Tom Wan posted on X that by the end of 2024, the tokenization of U.S. Treasury bonds is expected to reach $3 billion. There is a trend in the industry where DeFi projects' DAOs are diversifying their funds into RWA, including stablecoins and tokenized U.S. Treasury bonds.With the maturity of tokenized U.S. Treasury bonds, there are already over 15 products on EVM chains, reaching nearly $2 billion in assets under management, and DAOs are beginning to incorporate yield products such as BUIDL, USTB, USDY, and USDM into their treasury.

ChainCatcher news, RWA startup Hamilton launched the tokenization of U.S. Treasury bonds on Bitcoin's Layer 2 solutions (Stacks, Core, and BoB) on July 4, 2024, aiming to improve scalability, reduce costs, and enhance the liquidity of these assets.Hamilton further emphasized a report from the Boston Consulting Group, which indicates that the RWA market is expected to reach $16 trillion by 2030.