[Bank of America: Fed's Treasury Purchases May Suppress Long-Term Yields]
Bank of America rate strategists stated that the Federal Reserve's purchase of Treasury bills to maintain ample liquidity in the banking system could potentially suppress long-term yields. Wall Street strategists generally expect that the Fed's reserve management purchase operations and the decision in October to use proceeds from mortgage-backed securities to purchase Treasury bills will absorb most of the net supply of Treasury bills over the next year.
[Five Cryptocurrency Companies Granted U.S. Banking License Charter Approval]
Five cryptocurrency companies have been granted U.S. banking license charter approval.
[Machi Big Brother Deposits Approximately $200,000 into Hyperliquid to Replenish ETH Long Position]
Jeffrey Huang's 25x leveraged Ethereum long position was partially liquidated during the market downturn. Jeffrey Huang deposited $199,879 into Hyperliquid to replenish his ETH long position, now holding approximately 3,100 ETH.