Author: Julius Alagbe

Bitcoin Gains 8% on U.S. Treasury Policy, Crypto Rulebook Bitcoin is up 8.14% to $69,821, leading a broad market rally, driven primarily by a powerful combination of positive U.S. regulatory news and a major macro liquidity injection. The US SEC proposed its first comprehensive crypto rulebook and the U.S. Treasury announced it would double long-term bond buybacks to $4 billion, boosting liquidity and risk appetite. Two simultaneous U.S. policy moves ignited the rally. The SEC’s proposed rule aims to simplify crypto fundraising, while the Treasury’s bond buyback expansion is seen as an indirect form of yield curve control, thereby improving…

Ethereum (ETHUSD) is up about 19.8% to $2,291 on Wednesday, significantly outperforming a broad market rally, primarily driven by a macro liquidity injection that triggered a historic short squeeze.

Bargain hunting in top cryptocurrencies drove a 6% surge in global market capitalisation as US yields moderated, shifting attention to digital assets.

US Treasury Double Down Bond Buyback to $4bn US Treasury on Wednesday said it will increase the size of its government debt repurchases from $2 billion to $4 billion, sending yields sharply lower amid substantial market stress. With fixed-income markets under pressure and yields surging to levels not seen in nearly 20 years, the announcement targets the sensitive, longer-duration part of the Treasury market. The buybacks will be doubled down across the 10yr to 20yr and 20yr to 30yr maturity ranges. In reaction, the yield on the 30-year Treasury bond fell as much as 0.1 percentage point following the announcement,…

Bitcoin (BTC) price rose 5.30% to $68,102.19 on Wednesday, outperforming the broader market rally and showing a strong correlation with Gold, suggesting a macro-driven move.

Ripple (XRP) gained 6% in 24 hours to $1.06 on Wednesday, slightly outperforming Bitcoin, primarily driven by a combination of positive company news and a strong market-wide rally.

South African Rand Firmer as Markets Anticipate US to Keep Rates The South African rand is marginally firmer on Wednesday as markets price in the expectation that the US Federal Reserve will keep interest rates unchanged at its next Federal Open Market Committee (FOMC) meeting. The sovereign unit is trading at R16.25 per dollar, R18.82 per euro and R21.99 per pound, according to a market brief released by South African First National Bank (FNB) on Wednesday. The dollar index edged lower as softer US economic data continues to weigh on the dollar and reinforce expectations that the Federal Reserve will…

The average yield on Nigerian Treasury bills fell slightly as investors increased bets on the naira asset in the secondary market following a disinflation-driven boost to real returns.

NVIDIA Tokenised bStock Falls as Investors Chase US Yields NVIDIA Tokenised bStock (NVDAB) price is down 2.58% to $219.26 over the past 24 hours, underperforming a slightly positive crypto market. The drop is primarily driven by a decline in the underlying Nvidia (NVDA) stock, which fell around 2% on August 18 amid a broader tech selloff triggered by rising Treasury yields. The price of NVDAB, a synthetic token tracking Nvidia’s stock, fell in sync with a 2% drop in NVDA shares. This decline was part of a sector-wide tech sell-off, with the Philadelphia Semiconductor Index tumbling 3.7% as rising long-term…

The Nigerian naira appreciated to N1,343 against the US dollar on Tuesday, as the currency continued to gain momentum in the foreign exchange market.