ChainCatcher news reports that several banks completed a $5.5 billion bond sale on Wednesday backed by Elon Musk's social media company X. These banks initially planned to sell about $3 billion in bonds at a price of approximately 95 cents on the dollar.According to insiders, they expanded the deal after seeing investor demand. Ultimately, investors agreed to purchase the loans at a price of 97 cents on the dollar. The interest rate on these floating-rate bonds is about 11%, which is several percentage points higher than the riskiest loans on Wall Street.The sale of X company's bonds demonstrates the strong investment enthusiasm that has swept Wall Street since Trump's election in November. Given Musk's close relationship with President Trump and his growing influence since the election, investors are eager to bet on Musk.

ChainCatcher news, most major Wall Street banks expect the Federal Reserve to keep interest rates unchanged this week, while maintaining a hawkish stance due to a strong labor market and rising inflation. Several economists stated that this meeting will waver between "skipping" and "raising rates," with most banks expecting the Fed to prepare the market for a rate hike in July. The money market currently anticipates a probability of over 70% for a pause in rate hikes this month, while expectations for rate cuts have been pushed to next year. (source link)

According to Chain Catcher news, multiple technical personnel previously laid off by Coinbase have received several invitations from Wall Street banks, as reported by Bloomberg. Additionally, technical personnel laid off by Bitpanda and BlockFi have also received similar invitations.The report indicates that Citigroup, Goldman Sachs, and JPMorgan Chase are actively seeking employees with blockchain experience, particularly those who support the development of crypto technology, which continues to attract the attention of hiring companies. (Source link)