treasury

At 00:23:40 Beijing time, USDC Treasury minted an additional 250 million USDC on the Solana chain.

After the non-farm payroll data was released, the yield on the U.S. 30-year Treasury bond fell by 2.8 basis points to 5.575%. The 2-year yield dropped by 7.7 basis points to 4.71%. The 10-year yield ultimately decreased by 5.6 basis points to 5.18%.

After the non-farm payroll data was released, the yield on the 30-year U.S. Treasury bond fell by 2.8 basis points to 5.575%. The 2-year yield decreased by 7.7 basis points to 4.71%. The 10-year yield dropped by 5.6 basis points to 5.18%.

According to Cryptopolitan, the International Financial Association's Global Debt Monitor on September 23 shows that global debt has reached a historic high of 365 trillion dollars, an increase of 10 trillion dollars in six months, with emerging market debt rising by 6.5 trillion to 110 trillion dollars, with China contributing the most.The San Francisco Federal Reserve's report on September 28 pointed out that the share of U.S. Treasury bonds held by foreign investors has decreased from over 50% at the peak in the late 2000s to about 30% in early 2026. Since 2023, stablecoin issuers have been increasing their holdings of short-term U.S. Treasury bonds at a pace faster than Japan; the bank expects that by 2030, the demand for short-term U.S. Treasury bonds from stablecoins may nearly double to about 400 billion dollars.

The yield on the 2-year U.S. Treasury bond fell by 7.28 basis points during the day, reporting at 4.814%. The 10-year yield dropped by 2.07 basis points, reporting at 5.272%. The 20-year yield decreased by 1.19 basis points, reporting at 5.674%. The yield on the 30-year Treasury bond fell by 0.58 basis points, reporting at 5.633%.

The yield on the 30-year U.S. Treasury bond rose by 3.3 basis points, reporting at 5.672%.

The yield on the 10-year U.S. Treasury rose to 5.33%, reaching the highest level since 2002.

Jeffrey's global economist Mohit Kumar stated that the current level of U.S. Treasury yields is attractive to long-term investors, but uncertainty remains high. Jeffrey's believes that central banks will not implement rate hikes as significantly as reflected in market pricing.According to LSEG data, the money market has priced in an expectation of a cumulative 93 basis points rate hike by the Federal Reserve over the next 12 months.

According to CoinDesk, after the U.S. August PCE inflation data came in lower than expected, Bitcoin briefly rose above $85,500, but the rally subsequently retreated as U.S. Treasury yields remained high.Dan Khus, Chief Analyst at LVRG Research, stated that the weaker PCE data reduced the likelihood of the Federal Reserve raising interest rates again in October, leading the market to focus more on policy changes in December, which boosted risk appetite in the crypto market.However, the U.S. 10-year Treasury yield remains close to 5.3%, and the 30-year yield briefly reached its highest level since 2002, limiting Bitcoin's further upside potential.In other crypto assets, HYPE rose about 3% to around $89, DOGE increased nearly 2% to around $0.1; ETH, BNB, TRX, and ZEC saw gains of less than 1%, XRP remained flat at $1.5, and SOL fell nearly 1% to around $119.

According to The Wall Street Journal, the U.S. stock-listed Bitcoin mining company PowerCompute (Nasdaq: PWCM) has fully repaid and terminated its Bitcoin collateralized credit line with Arch Lending.The credit line was settled on the reset date of September 24, with Arch selling approximately 267.3 of the 307 collateralized BTC to repay about $22.45 million in principal, interest, and fees, with approximately 39.6 BTC returned to the company.PowerCompute stated that the settlement was carried out as planned and was not due to additional margin calls or forced liquidations.After repayment, the company's secured debt decreased from approximately $19.4 million at the end of June to about $1.25 million, holding approximately 62 BTC as of September 25. The company announced it will exit the leveraged Bitcoin treasury strategy, with Bitcoin being used as operating capital for equipment procurement and expansion.

Founder of Strategy Michael Saylor posted that he hopes Strive and all well-managed "Bitcoin-driven digital credit" issuers achieve success.Strategy is built on the same foundation as Strive: BTC belongs to digital capital, STRC and SATA belong to digital credit, and MSTR and ASST belong to digital equity. The securities structures and decisions of both parties are independent, although they will compete for individual capital allocations, they can also jointly expand long-term market opportunities.Saylor cited SIFMA data stating that by the end of 2025, the global stock market value will reach $157.8 trillion, and the fixed income debt balance will reach $160.7 trillion, with 0.1% of either market being approximately $160 billion.He proposed a threefold amplification mechanism: corporate financing to purchase supply-constrained Bitcoin can increase demand and improve the asset coverage of related companies; more issuers launching digital credit products can accumulate research, trading, and liquidity foundations, reducing the premium investors demand due to unfamiliarity, and potentially narrowing credit spreads and financing costs; more companies proving that this model can operate in different market environments may enhance market recognition of digital equity.He also emphasized that a single purchase does not guarantee Bitcoin appreciation, Bitcoin itself does not pay interest, and the profit margin between long-term asset returns and financing costs must be obtained through disciplined management; more issuers will not automatically lead to higher valuations.This model depends on a robust capital structure, prudent liquidity, transparent disclosure, and useful products. Weak issuers may undermine confidence in the entire category, while more credible issuers can meet institutional diversification investment needs and attract funds that would not otherwise enter the category.

The yield on the 10-year U.S. Treasury bond once surged to 5.29%, reaching a new high in 19 years. New York Federal Reserve President Williams stated that he is "not in a hurry," cooling expectations for an interest rate hike in October. Saxo Bank pointed out that the yield has retreated, but tonight's U.S. PCE data will determine the next steps for the dollar and U.S. Treasuries.

According to BBX data, yesterday global publicly listed companies in the US stock market and well-known Web3 infrastructure providers disclosed the latest developments on expansion in the Asia-Pacific hub, institutional collaborations, and brand strategy restructuring. The core information is as follows:MoonPay established a subsidiary in South Korea as the Asia-Pacific hub, partnering with KakaoBank, Woori Bank, and KB Financial Group: Global cryptocurrency payment infrastructure giant MoonPay officially announced the establishment of a wholly-owned subsidiary in South Korea, planning to make it a comprehensive expansion center for the group in the Asia-Pacific region. At the same time, MoonPay has reached deep strategic cooperation with South Korea's three major mainstream financial institutions—KakaoBank, Woori Bank, and KB Financial Group. The scope of cooperation includes cross-border payment clearing, localization distribution of the Korean won stablecoin, digital wallet technology integration, and the establishment of compliant cryptocurrency fiat withdrawal and recharge channels, aiming to build a high-speed network for the flow of funds between South Korea and the global Web3.CEA Industries officially renamed to "BNB Standard," Nasdaq trading code changed to "BNC": Nasdaq-listed company CEA Industries, focusing on BNB reserve strategies, announced the completion of its brand transformation and strategic renaming, with the company name officially changed to BNB Standard. After the renaming, the company's common stock will continue to be traded on the Nasdaq Capital Market, and the securities trading code will be officially changed to "BNC." This renaming aims to directly highlight its strategic positioning of using BNB as a core treasury asset and promoting decentralized ecological investment.

Due to consumer confidence and JOLTS data, the decline in U.S. Treasury bonds has narrowed.

Matt Cole, the CEO of Bitcoin Treasury Company Strive, stated that in the Bitcoin treasury strategy, "leverage" is the most important factor driving total returns. His model shows that over 99% of the variation in total returns is determined by leverage, while the impact of capital costs is much lower than commonly perceived in the market.Cole mentioned that Strive's goal is to outperform Bitcoin by maximizing total returns for common stock shareholders, with a benchmark scenario expecting Bitcoin's annualized compound growth rate to be around 50% by 2030.Cole expressed hope to increase Strive's leverage to over 60% later this year, but achieving this goal will be more challenging if warrants are exercised or Bitcoin rises further in the coming weeks.

Wells Fargo Investment Institute predicts that by the end of 2027, the yield on the 10-year U.S. Treasury bond will reach 5.25%-5.75%, higher than the previous forecast of 4.5%-5%.

Nate Geraci, President of ETF Store, expressed that his initial interpretation of the latest notice from the U.S. Treasury regarding 351 exchanges is not as optimistic as some industry insiders. Geraci believes that if the asset portfolio transferred into the ETF significantly differs from the ETF's own investment strategy, it may face issues, especially in cases where the related assets are quickly reduced or completely sold off through physical redemptions.He also pointed out that the Treasury's guidance is not clear regarding the specific applicable boundaries, making it currently difficult to determine which operations may be permitted. Further guidance is expected to be issued in the future.

Goldman Sachs has connected its approximately $100 billion government bond fund FTIXX to the digital asset settlement network Lynq, providing a new subscription channel for institutional-level crypto companies. The fund will be listed on Lynq, with trading handled by tZERO Securities, a broker-dealer registered with the U.S. Securities and Exchange Commission. This is the first external fund introduced to the Lynq network, which previously only had a single investment product.Unlike most blockchain-based fund products on Wall Street, FTIXX has not been tokenized. BlackRock's BUIDL is a tokenized fund, and Franklin Templeton offers tokenized shares of money market funds through BENJI, while Goldman Sachs retains the traditional fund format of FTIXX, with Lynq opening new access channels for digital asset companies. Lynq CEO Jerald David stated that there is a convergence occurring between traditional market participants and digital asset market participants.For institutions using Lynq, FTIXX provides a place to store cash and earn returns during trading gaps, redeemable when needed. David mentioned that clients have been looking for government bond assets on the platform that offer yields different from existing tools. Lynq's partners include B2C2, Wintermute, Galaxy, FalconX, Crypto.com, and Fireblocks. The network operates on a private permissioned Avalanche Layer 1 blockchain and has connected over 30 institutional digital asset companies, with assets exceeding $89 million.