ChainCatcher news, Cryptoquant analyst Darkfost released a market analysis stating that macroeconomics has become the dominant narrative in today's cryptocurrency market. As a result, key indicators such as the US Dollar Index (DXY) and US Treasury yields are now closely monitored by investors, reflecting the overall state of institutional sentiment and global liquidity. When DXY and bond yields rise simultaneously, capital tends to flow out of risk assets. In such an environment, Bitcoin typically experiences pullbacks. Historically, bear markets in cryptocurrencies have often coincided with strong upward trends in yields and DXY.Conversely, when DXY and yields lose momentum, investors' risk appetite shifts towards risk assets. These periods are often associated with monetary easing or market expectations of interest rate cuts by the Federal Reserve, thereby driving bullish sentiment in the crypto market. Notably in the current cycle, there is an unusual decoupling between Bitcoin and bond yields. Despite yields reaching one of the highest levels in Bitcoin's history, Bitcoin continues to maintain an upward trend, especially accelerating when DXY declines. This anomaly suggests a structural shift in Bitcoin's role within the macroeconomic landscape, as it is increasingly viewed as a store of value. This new narrative may be redefining how Bitcoin responds to traditional macroeconomic forces.

ChainCatcher news, according to the official Ripple blog, Ondo Finance's short-term U.S. Treasury token OUSG has officially launched on the XRP Ledger (XRPL). This is the first tokenized treasury product that enables 24/7 subscription and redemption through Ripple's enterprise-grade stablecoin RLUSD. The total locked amount currently reaches $670 million, making it another mainstream institutional-level RWA solution following BlackRock and Franklin Templeton.

ChainCatcher news, QCP released a briefing stating that the global financial markets have entered a period of calm, with the volatility of most asset classes continuing to decline, and the market's reaction to negative news has weakened. U.S. Treasury yields fell back after last week's "beautiful bill" raised fiscal concerns, with the 10-year and 30-year Treasury yields dropping below 4.5% and 5.0%, respectively. The yield on Japan's 30-year government bonds also fell below 3%, but remains at historically high levels.Market attention has shifted to the U.S. Treasury auction in June and the 40-year bonds issued by the Japanese Ministry of Finance today. The current economy is in a "moderate" state, and the impact of last month's tariff policy has not yet fully manifested, with expectations that it will be reflected in the data in the third quarter.At the same time, Senator Lummis's extensive remarks on stablecoins and Bitcoin as a strategic reserve have reignited hopes for progress in cryptocurrency policy. According to reports, Trump Media plans to raise $2.5 billion and join the ranks of companies establishing Bitcoin reserves. If the meeting generates momentum, more companies may follow suit, providing new structural buying support for the market.

ChainCatcher news, Robert Kiyosaki, the author of "Rich Dad Poor Dad," posted on the X platform stating: "What if you throw a party and no one shows up? This is really happening; the Federal Reserve held a U.S. bond auction, but no one attended, so the Federal Reserve quietly bought $50 billion of its own 'fake money' with 'fake money.' The feast is over, hyperinflation is coming, and millions of people, young and old, will fall into financial distress. The price of gold will rise to $25,000, the price of silver will rise to $70, and the price of Bitcoin will rise to between $500,000 and $1,000,000."

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, Tickmill analyst Joseph Dahrieh stated in a report that the U.S. CPI inflation data could cause U.S. Treasury yields to move in either direction. A higher-than-expected CPI could boost yields and ease recent expectations for a Federal Reserve rate cut.Conversely, soft inflation data would lead to a decline in yields. He also mentioned that recent progress towards a potential ceasefire between Ukraine and Russia would help enhance risk appetite. Currently, institutional surveys of analysts indicate that the overall and core inflation rates in the U.S. for February are expected to decline slightly.

ChainCatcher news, according to 4E monitoring, on Wednesday, the three major U.S. stock indices fell, influenced by weak stock prices of Apple and Nvidia. Investors sold off technology stocks, chip stocks, and AI concept stocks, dragging the Nasdaq down by 1.60%, leading the decline, while the Dow and S&P both fell about 1% and have declined for three consecutive days. The cryptocurrency market followed the general downturn of U.S. stocks, with Bitcoin briefly approaching $65,000. As of the time of writing, Bitcoin is at $67,300, up 0.36%, while Ethereum is at $2,550, down 2.43%.In the foreign exchange and commodity markets, as the election approaches, investors are weighing the possibility of a significant victory for Trump, which is considered the most favorable outcome for the dollar. The dollar index rose over 0.3% to near a three-month high, with the yen, euro, and pound all declining. Spot gold approached $2,760 during the session, setting a historical high for five consecutive days. Subsequently, the dollar and U.S. Treasury yields rose together, putting pressure on precious metals, turning gains into losses. Spot gold fell 1.2% at the close, while spot silver briefly dropped 4%, departing from its twelve-year high. Last week, the EIA crude oil inventory increase exceeded expectations, putting pressure on oil prices, with U.S. oil falling over 1.3%, ending a two-day rise.The Federal Reserve's Beige Book released on Wednesday showed little change in U.S. economic activity, with an increase in hiring by businesses and continued easing of inflationary pressures. With a series of strong economic data released recently, expectations for Fed rate cuts have weakened, coupled with "Trumpflation" prompting the market to reconsider rate cut expectations, especially for next year, leading to a sustained rise in the dollar and U.S. Treasury yields, which pressured risk assets. The stock market, commodities, cryptocurrencies, and non-U.S. currencies were generally under pressure. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodity gold, and foreign exchange. It recently launched a USDT stablecoin financial product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.

ChainCatcher news, UBS strategist Emmanouil Karimalis pointed out in a report that the recent trends in U.S. Treasury bonds and the yield curve seem more pronounced than the average and median of comparable historical periods, ahead of the Federal Reserve's expected rate cut on September 18."The bond market typically rebounds at the time of a Fed rate cut, but compared to past cycles, the recent rebound has been larger; the increase in the 10-year U.S. Treasury bond over the past month is the largest in recent history," he stated, adding that the current market pricing seems to be more excessive compared to the last three Fed rate cut cycles.According to Tradeweb data, the yield on the 10-year U.S. Treasury bond is currently 3.717%, having decreased by 23 basis points over the past month. (Jin Shi)

ChainCatcher message, Bitwise Senior Investment Strategist Juan Leon posted on X: "According to a report by Bloomberg, stablecoins currently hold about 1% of U.S. Treasury securities, but this percentage could soon grow to 15%, making them one of the top three holders.Without regulation, the market value of stablecoins has skyrocketed from $0 to nearly $170 billion in just a few years. Now, a stablecoin bill has gained bipartisan support in Congress, and Federal Reserve officials have recognized stablecoins as a new tool that can enhance the dollar's influence globally and support the U.S. Treasury market.As stablecoin regulation is set to take effect in Europe in 2025, and with the U.S. looking to catch up, stablecoins will increasingly be embedded in the pipelines of the digital economy. With AI agents becoming more prevalent, stablecoins will become the preferred mechanism for digital commerce.The digital economy now accounts for 15% of the global economy and is growing at a rate 2-3 times faster. The use of stablecoins is growing at an exponential rate, meaning the speed from $170 billion to $1 trillion will be faster than from $0 to $170 billion. A $1 trillion stablecoin Treasury purchase volume would dwarf the top 10 money market funds and place it among the top three holders (over $800 billion)."

ChainCatcher news, Tether CEO Paolo Ardoino posted on X that, according to the WSJ, "dollar-backed stablecoins have created demand for U.S. Treasuries." Over 300 million people globally use USDT as a digital dollar, providing a lifeline utility for entire communities in developing countries. These individuals are underserved by the banking industry, with most still lacking bank accounts and being affected by high inflation and rapid depreciation of their local currencies.Tether brings dollar stability to emerging markets through USDT and is also one of the top three global buyers of U.S. short-term Treasury bills (T-bills), ranking in the top 20 overall.

ChainCatcher news, according to CoinDesk, the tokenization company PV01, led by cryptocurrency market maker B2C2's founder Max Boonen, announced on Tuesday that it has completed its first tokenized bond sale under UK law, marking a key step towards the goal of creating a bond market (including corporate debt) on the blockchain.It is reported that the asset is a tokenized version of a $5 million U.S. Treasury bond issued on April 8, which was redeemed a week later, with market makers B2C2, BlockTower Capital, and Keyrock investing in PV01's "proof of concept" issuance.After the completion of the initial issuance, Boonen stated that PV01 plans to expand its tokenized Treasury bond issuance in the short term and to scale up to corporate bond issuance in the medium term.

According to ChainCatcher, as reported by Blockworks, Frax Finance will launch the sFRAX vault today, which utilizes the yields from U.S. Treasury bonds. It opens a brokerage account in partnership with Lead Bank in Kansas City to purchase U.S. Treasury bonds, tracking the Federal Reserve's interest rates to maintain relevance. Users will be able to deposit funds into sFRAX and earn a 10% yield, which will then shrink to the Federal Reserve's current IORB rate, approximately 5.4%.