The strategy team of Bank of America has lowered their expectations for US bond yields, expecting a 2-year yield of 3.5% by the end of the year (previously 3.75%) and a 10-year yield of 4.25% (previously 4.5%). Strategists point out that recent economic data has changed the market's pricing of interest rate prospects, and the Federal Reserve may adjust its risk assessment and increase its tolerance for inflation.
Analysts suggest that this momentum is fueled by a recent increase in network capacity, rising ether price, and a reduction in transaction costs, particularly for DeFi protocols and stablecoin transfers.
The Wisconsin Senate has proposed bill SB386, which requires Bitcoin ATMs to fully implement identity verification (KYC), provide identity information for transactions, limit a single transaction to $1000, and collect other personal information to strengthen regulation.
