How a Treasury buyback tweak helped bitcoin surge 25% to nearly $80,000 in days
Treasury buybacks are not QE, analysts said, but the move helped pull longterm yields off 19year highs and triggered a record short squeeze in a market already…
Crypto advocates join in suing Illinois over digital asset tax
The Crypto Council for Innovation and the Blockchain Association added another lawsuit against the state for its recently approved 0.2% crypto tax.…
Bitget CEO sees Bitcoin near current levels at year-end, doubts US will buy BTC
Gracy Chen says macroeconomic uncertainty could keep Bitcoin within $10,000 to $20,000 of current levels, while US government purchases remain unlikely within…
Here’s how Bessent’s newly activist Treasury Department is undercutting the Fed’s Warsh
The surprising move this week by Treasury Secretary Scott Bessent to intervene in Treasury markets to lower the cost of government debt undercuts the…
Ray Dalio says to buy ‘a bit’ of Bitcoin amid potential debt crisis
The hedge fund founder with an estimated net worth of $15 billion recommended that investors overweight Bitcoin and gold rather than bonds. Source：Cointelegraph
Onchain, in court: What happened in crypto legal news this week
The CFTC ordered a trading ban for former Alameda and FTX executives, and US prosecutors opposed a motion from a US soldier accused of profiting from the…
Former JPMorgan exec takes on Social Security advisory role
Matt Zames will take on an unpaid adviser position at the Social Security Administration, according to reports. Source：MarketWatch
Bitcoin seeks support near $77K as BTC, gold near 100-day highs
Bitcoin volatility eased after BTC hit its highest level since midMay, while gold joined the cryptocurrency in approaching threemonth highs.…
Pass the Clarity Act
Reopening a settled provision four weeks before a vote would sink the bill, argues Summer Mersinger, CEO of the Blockchain Association. Source：CoinDesk
Trump, Vance and Bessent try to calm the bond market with ‘alternative facts’
Maybe this stuff works on TV or on the stump. But it doesn’t work on Wall Street, where people can count. Source：MarketWatch
The Treasury, the Fed and the threat to your money
Also in Weekend Reads: The Gen Z online sportsbetting trend, what’s next for Apple as Tim Cook exits, and a bullish take on Nvidia heading into earnings.…
5 things to know about the Chinese e-commerce juggernaut Shein ahead of its IPO
The fastfashion giant is targeting a listing in Hong Kong by Sept. 1. It’s been trying to go public for four years. Source：MarketWatch