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Official Trump Coin crashed after Trump Media denied a $3B Bitcoin plan—but the fast rebound suggests this meme coin may not be done yet.
Share link:In this post: Japan’s $3.5 billion 40-year bond sale had the weakest demand since July 2024, with a bid-to-cover ratio of 2.2. Yields rose to 3.37% after the auction, reversing Tuesday’s drop sparked by speculation of reduced issuance. Last week’s poor 20-year bond auction and Ishiba’s Greece comparison intensified long-term fiscal concerns.
Share link:In this post: USD1 is expanding its impact, creating a new trend of meme token activity on BNB Smart Chain. BUILDon is the main asset to benefit from USD1 liquidity, while boosting the stablecoin’s profit. Wintermute has moved USD1 to several large-scale wallets, potentially preparing for growing activity.
- 09:21Aave Founder: Ethereum Foundation is Borrowing GHOStani.eth, the founder of Aave, posted on platform X stating that the Ethereum Foundation is currently borrowing the decentralized stablecoin GHO supported by Aave. The Ethereum Foundation not only provides ETH to Aave but also borrows funds from Aave. The DeFi ecosystem is complete. Earlier today, the Ethereum Foundation staked 50,000 RAIL to Railgun and borrowed 2 million GHO.
- 09:21Analysis: U.S. Court of International Trade Ruling Triggers Surge in Treasury YieldsAccording to CoinDesk, the U.S. Court of International Trade ruled on May 29 that key tariff measures implemented during the Trump administration were illegal, causing significant volatility in the U.S. Treasury market. The 30-year Treasury yield surpassed 5%, and the 10-year yield rose to 4.50%, up 10 basis points from the previous two days. The court found that the president overstepped his authority by using emergency economic powers to impose broad trade tariffs, but the ruling does not affect tariffs on specific industries such as steel. The U.S. government stated it would appeal. Amid ongoing tensions between the U.S. and China, the U.S. has recently taken measures such as restricting chip technology exports and tightening student visas for Chinese nationals. The U.S. Dollar Index (DXY) rose from 98 to 100, while Bitcoin ($108,282) and gold prices remained stable.
- 09:21Bolivia Prohibits State-Owned Oil Company from Using Cryptocurrency for Energy Procurement SettlementAccording to Bitcoin.com, Bolivian President Luis Arce has signed an executive order prohibiting the use of crypto assets for energy procurement settlements. The order, issued on May 23, primarily targets the state-owned oil company YPFB and aims to curb speculative activities involving cryptocurrencies and stablecoins on exchanges like Binance. YPFB President Armin Dorgathen stated that the company has never used cryptocurrencies for transactions due to the oil industry's lack of acceptance of crypto assets and the incomplete regulatory framework. Previously, there were reports that YPFB was considering using cryptocurrencies for energy payments due to foreign exchange shortages, but this executive order will eliminate such possibilities in the short term.