U.S. 10โyear Treasury yield spikes to 5.2%, its highest level since 2007 ๐.
30โyear yields hit 5.5%, unseen since 2004. Oil rose above $106 as business growth hit a fiveโyear peak. Traders expect the Fed to accelerate rate hikes. 30โyear mortgage rates jumped to 7.03%, highest since Janโฏ2025.
Markets brace for tighter financing conditions ๐.
U.S. 10โyear Treasury yield tops 5.20%โa 19โyear high ๐
Yield jumped 50 bps in 30 days. It rose another 30 bps in the past two days. The bond market is showing signs of implosion. Most Americans remain oblivious to the shift.
Investors should brace for heightened volatility โ ๏ธ
IBM adds beta connectivity to Swiftโs blockchain ledger, enabling banks to move tokenized deposits via standard messages โก.
The link merges SWIFTโs network with ledger tech. Banks can route tokenized assets via existing channels. IBMโs beta runs through Q4 for pilot testing. Regulators see it as a step toward compliant digital finance.
Philadelphia Fed President Anna Paulson signals potential modest tightening as inflation lingers above target ๐ฆ.
Underlying inflation stays at 2.5%โ3%, above the Fedโs 2% goal. Paulson warned that data could prompt a modest rate hike soon. Markets are already pricing a slight increase, tightening pressure on policymakers ๐.
Bitget reports $351.6โฏmillion stolen from hot and warm wallets, halting withdrawals.
The breach hit hot and warm wallets, exposing user funds. A sophisticated cyberโattack appears responsible. Regulators will likely probe the incident. Bitget promises cooperation and user reimbursement ๐.
The event highlights rising crypto security risks ๐
Bitget confirms user funds remain safe after a $351.6โฏmillion hotโwallet breach. ๐จ
The loss is covered by Bitgetโs $464โฏmillion User Protection Fund. Only hot and warm wallets were breached; cold wallets remain secure. Deposits and trading stay open, while withdrawals are paused pending review. The firm vows full transparency.
Stakeholders can expect detailed updates soon. โก
Bitget reports unauthorized hotโwallet transfers, exposing about $351.6โฏmillion and halting withdrawals ๐ฅ.
The breach hit many accounts, exposing a security gap ๐. Investigators are tracing the exploit as regulators are alerted. A temporary withdrawal freeze aims to stop further losses. The token slid sharply on market reaction.
Seven UK banks have completed the first tokenizedโpound interbank transfers on Quantโs platform ๐.
The group includes Barclays, NatWest, HSBC and four other lenders. Tokenized deposits cut settlement to seconds and slash fees. Regulators say the pilot advances UK payment modernization. Analysts expect rapid expansion across Europe.
The Federal Reserve proposed the GENIUS Act, requiring stablecoins to be fully backed by Treasury bills and liquid assets ๐.
Issuers must hold only permissible reserves and meet standard capital, credit and operational risk rules. Banks seeking to issue stablecoins must file a business plan and financial details. The rules also set appeal and hearing procedures. A 60โday public comment period follows publication ๐.
Stakeholders have until the deadline to submit feedback before the regulations take effect ๐
SEC Commissioner HesterโฏPeirce says blockchain and zeroโknowledge proofs can deliver U.S. security and privacy ๐.
She says the tech shields data from breaches. It also lets regulators trace illicit activity discreetly ๐. Industry sees this as a boost for mainstream use. Lawmakers may reference it in upcoming crypto bills.
The market will watch for regulatory ripple effects ๐.
Brooklyn man sentenced to up to 12 years for a $16โฏmillion Coinbase phishing scam. โ๏ธ
He duped about 100 users with fake login pages. The breach triggered security alerts across major exchanges. Authorities recovered only a portion of the stolen funds. Victims may still face losses as investigations continue. ๐ก๏ธ
Regulators warn users to verify URLs before entering credentials. ๐ข
Glassnodeโs x402 API now feeds AI agents live onโchain data ๐.
Calls cost per request, charged to a Coinbase USDC balance. Developers can plug data into bots, dashboards, or tools. Live feeds cut latency, boosting signal speed. Early adopters see quicker trade execution โก.
Glassnode cements its role as core AI data provider ๐.
Tether confirms $183โฏbillion USDT will launch on Bitcoin, with Morgan Stanley in talks ๐.
Ardinoโs denial of a separate Tether blockchain last month precedes the move. Morgan Stanley is negotiating a Europeโwide and global rollout. Institutional settlement could gain a direct stablecoin bridge to Bitcoin. The shift may reshape crypto liquidity.
Market observers note the potential for accelerated institutional adoption ๐.
U.S. business activity surged in September, with the S&P Global Composite PMI hitting 58.4 โ the strongest level since Julyโฏ2021.
The index posted a fourth consecutive gain. Services PMI rose to 58.7, a 2021 high. Manufacturing jumped to 57.0, its best since 2022. Supplyโchain bottlenecks and labor shortages now pressure inflation.
ARK Invest tokenizes its Venture Fund on Ethereum with Securitize ๐.
The new ERCโ20 token holds stakes in OpenAI and Anthropic. It enables fractional ownership and instant secondaryโmarket trading. Securitizeโs compliance framework secures regulatory approval. This could democratize venture exposure for crypto investors ๐.
ARKโs move signals a new era for tokenized venture capital ๐.
Bitcoin breaks $84K as 10โyear Treasury yields hit a 19โyear high. ๐
The surge shows strong demand despite tighter financial markets. Analysts view $84K as a springboard toward $97K. Bond sellโoffs are redirecting capital into crypto. Upcoming macro data will test the rallyโs durability. ๐
The market will watch if Bitcoin can hold the line. ๐
New York sues Polymarket, calling its platform unlicensed gambling โ๏ธ.
The suit claims the platform lets users under 21 wager, exposing minors to financial loss. Officials say Polymarket operates without a state gambling license. The company faces possible fines and a New York injunction. Regulators warn the case could reshape crypto prediction markets.
Chinaโs crude imports hit a tenโyear low as Iranian oil vanishes ๐.
Early September imports fell to 6.9โฏmillion barrels per day, versus 10.5โฏmillion preโwar. Iranian deliveries slid to ~80,000 barrels daily, a 93% drop. China offsets the gap with oil from Iraq, UAE, Brazil and Canada ๐.
Market watchers see regional power shifts ahead ๐.