US Treasury yields remain high with expectations of interest rate hikes, while Bitcoin has risen 45% since July
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Despite the 10-year US Treasury yield hovering around 5.2% and the market expecting a 70.9% probability of another interest rate hike in October, BTC has still risen 45% since July 1st, with strong demand from ETFs. (Source: Bitfinex)
DensityAI, an AI chip startup founded by three former Tesla Dojo executives, is in the advanced stage of financing negotiations, with this round of funding valuing the one-year old company at $10 billion. (Source: The Information)
The tokenized stocks on the Base chain have generated $1.3 billion in DEX trading volume in the past 30 days, an increase of 153.8%. (Source: Token Terminal)
The United States Attorney's Office in Missouri has indicted Trung Nguyen Van, a 37 year old Vietnamese man, on charges of involvement in a $16 million cryptocurrency slaughterhouse and money laundering. The victim invested encrypted assets on the fake platform Triangle in the summer of 2024, and the funds were transferred to the suspect's private wallet. Another US victim suffered a loss of $2 million, and this type of pig killing platform caused a loss of $1 million worldwide.
Despite the 10-year US Treasury yield hovering around 5.2% and the market expecting a 70.9% probability of another interest rate hike in October, BTC has still risen 45% since July 1st, with strong demand from ETFs. (Source: Bitfinex)
