The US Treasury is considering using its nearly $1 trillion General Account (TGA) to fund increased purchases of long-term government bonds, following a surprise announcement to double bond buybacks. This move could provide significant firepower to influence bond yields, addressing skepticism about the effectiveness of the buybacks funded by short-term bill sales alone. Treasury Secretary Scott Bessent has built the TGA to around $950 billion, well above previous targets, giving the Treasury flexibility without needing Federal Reserve assistance. The exact amount or timing of TGA use remains undecided, but the strategy aims to stabilize bond markets and improve fiscal fundamentals ahead of upcoming auctions and potential debt ceiling challenges.
The PENGU token from Pudgy Penguins surged about 62% recently due to renewed speculation that CEO Luca Netz plans to take the company public by 2027. This rally occurred despite a large token unlock earlier in the year, indicating strong buying inter...
Bitcoin closed above its 50-week exponential moving average (EMA) for the first time since November 2025, signaling a possible medium-term trend reversal. This technical move comes as markets prepare for the Federal Reserve's Jackson Hole symposium, ...
MicroStrategy, holding 846,000 BTC, trades around $119.25, down 21.5% year to date, reflecting bitcoin's 11.58% drop and an $8.32 billion unrealized loss on digital assets in Q2 2026. Benchmark analyst Mark Palmer maintains a $435 price target, imply...
Solana's price surged about 26% after breaking above $78, driven by optimism from the U.S. SEC's proposed crypto regulation framework and active governance votes on inflation and fees. The token briefly surpassed $100 before pulling back to around $9...
Abraxas Capital has taken a large $783 million short position on Hyperliquid, a decentralized futures exchange, even as Bitcoin surged 23% in one week to about $77,500, its strongest rally since March 2023. The firm also hedged this position by withd...
