The U.S. Treasury has taken a major step forward in acknowledging Bitcoin’s potential by officially designating it as a reserve asset. This historic announcement, driven largely by Michael […]
Treasury Chief Backtracks After Market Crash
The U.S. Treasury faced a market downturn following ambiguous remarks by Secretary Scott Bessent on August 14th. His statements about Bitcoin acquisition plans triggered investor anxiety, leading to […]
US Treasury Reassures Market on Bitcoin Reserve Expansion
Amidst initial market turmoil following Treasury Secretary Scott Bessent’s statements indicating no further government acquisitions of Bitcoin, the U.S. clarified its stance. Bessent has since expressed openness to […]
US Government Cryptocurrency Holdings: A Breakdown
The United States Treasury holds a substantial crypto portfolio, largely dominated by Bitcoin. As of recent blockchain data, Bitcoin makes up the lion’s share with over 198,022 BTC […]
US Treasury Exploring Budget-Neutral Bitcoin Acquisition
The US Treasury is investigating ways to expand its reserve of Bitcoin, aiming to solidify the country’s position as a leader in the cryptocurrency market. Secretary Scott Bessent […]
US Treasury Reopens Door to Bitcoin Acquisition: Bessent Clarifies
The US Treasury Department has clarified its stance on acquiring Bitcoin, signaling the possibility of expanding its BTC reserves via budget-neutral methods. After initial confusion about the plan’s […]
US Treasury Backtracks on Bitcoin Purchase Plans
Amidst uncertainty surrounding the US Treasury’s Strategic Bitcoin Reserve (SBR), Secretary Scott Bessent has clarified that budget-neutral pathways for expanding the reserve remain under consideration. This follows his […]
Treasury Secretary Bessent Doubles Down on Bitcoin Reserve Expansion
US Treasury Secretary Scott Bessent announced the formation of the Strategic Bitcoin Reserve, a new initiative based on government-held Bitcoin. This follows President Trump’s executive order in March […]
U.S. Halts Bitcoin Purchases: Crypto Market Suffers Significant Drop
The U.S. Treasury has announced it will cease purchasing Bitcoin, impacting crypto markets and triggering a notable price decline. This announcement comes from Secretary of the Treasury Scott […]
U.S. Treasury Secretary Stands Firm on Gold Reserves
U.S. Treasury Secretary Janet Yellen reaffirmed the United States’ commitment to its gold reserve holdings, stating that it is unlikely there will be a reassessment of these holdings. […]
BNY to Manage and Secure OpenEden’s Tokenized US Treasury Fund Assets
Singapore-based fintech firm OpenEden has selected BNY Mellon as the investment manager and primary custodian for the assets backing its tokenized US Treasury fund. Launched in 2023, this […]
Bessent Calls for Significant Interest Rate Cut in September
US Treasury Secretary Scott Bessent has made a strong statement on interest rate expectations following the release of US inflation data. While over 90% of financial experts anticipate […]
U.S. Treasury Yields Fall as Inflation Meets Forecasts
The U.S. Treasury market experienced a decline in yields following the release of data showing inflation aligned with expectations. This move, according to PANews, saw Treasury prices increase […]
Stablecoin Giants Hold $145 Billion in U.S. Treasuries
The influence of stablecoin issuers is significantly impacting the U.S. Treasury market, with companies like Circle and Tether holding over $145 billion in US debt. This substantial investment […]
US Treasury Secretary Discusses Stablecoins and Future of Dollar Currency
US Treasury Secretary Scott Bessent made recent statements regarding stablecoins, a topic of ongoing discussion in the cryptocurrency market within the United States. During a Senate subcommittee hearing, […]