USDC Treasury issues 250 million USDCs on Solana Chain

The 10-year US Treasury yield has returned to 5%, and there has been no severe sell-off in the cryptocurrency market and global stock markets. Wall Street's pressure threshold for interest rate risk has been raised to the range of 5.5% to 6%. Mike Bell, Head of Market Strategy at BlueBay Asset Management, stated that there is no absolute magic point in the market that triggers a sell-off, and the key lies in the relative premium between US Treasury yields and risk asset returns. JPMorgan Chase has found that investors believe the level of returns that truly forced a comprehensive stock market revaluation has shifted upward. Paul Jackson, head of global asset allocation research at Jingshun, pointed out that when the 12-month moving average of 10-year US Treasury yields rises above 4.72%, global stock markets are often suppressed. Federal Reserve official Goolsby warns that sustained high financing costs will ultimately erode corporate budgets and capital expenditures. Premier Miton's Chief Investment Officer Neil Birrell stated that the current calm in the market is due to the fact that institutional profit models have not fully accounted for long-term discount rates above 5%.

A certain whale has purchased 2460 BTC worth 194 million US dollars in the past 20 days, with an average purchase price of 789.66 million US dollars, and bought 536.93 BTC worth 45.28 million US dollars again 6 hours ago.

A certain address received 45000 ETH from Galaxy Digital OTC, with an estimated transfer value of approximately $120 million and an average receiving price of approximately $2659. This address will collect some of the original holdings and the ETH received this time in batches through the intermediary wallet, totaling about 55000 ETH transferred to the same wallet. As of press time, the collection wallet holds approximately 57300 ETH worth approximately $153 million, and there is no record of active transfers.

Polygon Foundation CEO Sandeep Nailwal stated that 100 million POL have been permanently destroyed, accounting for approximately 1% of the total supply.

[Bernstein Analyzes Cloud Providers' Q2 Performance, Ratings for Google, Microsoft, Oracle] Bernstein's research report indicates that Google Cloud grew by 82%, Oracle OCI grew by 121%, Alibaba Cloud grew by 44.9%, Microsoft Azure grew by 43%, and Amazon AWS grew by 37%. Google Cloud's backlog orders totaled $514 billion, with a target price of $385 and a market perform rating. Microsoft's target price is $660. Oracle's remaining performance obligations totaled $664 billion, with a target price of $325 and an outperform rating. Bernstein initiated coverage of CoreWeave with an underperform rating and a target price of $74.