News linked to both this project and an event.
Odaily reports, State Street, in partnership with Galaxy, has launched the on-chain liquidity fund SWEEP, allowing investors to "one-click transfer" stablecoins into yield-generating tokenized assets for 24/7 on-chain cash management.The fund will initially be deployed on Solana, with future plans to expand to Stellar and Ethereum, and integrate infrastructure such as Chainlink.Targeting qualified investors, SWEEP is positioned similarly to products like BlackRock's BUIDL, offering U.S. Treasury-like yields through an on-chain structure. It represents the latest exploration in the convergence of traditional asset management and blockchain technology.
After breaking above the critical 5% level for the first time since last July, the yield on 30-year U.S. Treasury bonds hovered around 5% again early this week—indicating that pressure on the world’s largest bond market has not eased. This is a significant threshold, and traders are closely watching for signs it may rise further. At the heart of this sell-off is market concern that a potential closure of the Strait of Hormuz could fuel inflation and reduce the scope for interest-rate cuts. Additionally, massive corporate spending in the AI sector has raised concerns about a possible acceleration in near-term price increases. (Jin10)
According to The Block, Bernstein analysts stated in their latest report that the fundamentals of the crypto market are continuously improving. Bitcoin’s recent low of $60,000 has formed a clear bottom, and with the current price approaching $80,000, a longer-term structural bull market is likely, driven by institutional demand. Bernstein analyst Gautam Chhugani highlighted the following key drivers: • Ongoing expansion of institutional channels: Morgan Stanley’s Bitcoin ETF and Charles Schwab’s spot Bitcoin/Ethereum trading platform have both recently launched; approximately 60% of Bitcoin supply has remained unmoved for over one year, indicating a stabilizing holder structure; • Persistent accumulation by Strategy: Its STRC perpetual preferred stock product has attracted yield-oriented investors, and its current holdings stand at 818,334 BTC; • Stablecoin demand hits an all-time high: Stablecoin supply has surpassed $30 billion, decoupling from the crypto market’s price cycle and reflecting sustained real-world payment and settlement demand; • Tokenized real-world assets accelerating growth: Tokenized private credit and Treasury assets now total $34.5 billion, representing a 110% year-on-year increase. Bernstein also cautioned that quantum computing poses a long-term potential risk, though it expects the blockchain ecosystem to have ample time to complete the transition to post-quantum security.
Odaily News Bitcoin rose to around $74,935 during Asian trading hours, gaining 0.7% in the past 24 hours and 5.4% for the week. However, the derivatives market is sending mixed signals. Institutional firm QCP Capital noted that this rally is primarily driven by spot buying, not a broad-based recovery in risk appetite. Currently, Bitcoin perpetual futures funding rates remain negative, and open interest is declining, indicating that shorts are still adding hedges rather than being forced to liquidate.The options market also leans cautious: short-term implied volatility is subdued, with the one-month tenor lower than the three-month, and risk reversal indicators show market demand for downside protection exceeds that for upside bets, suggesting traders are more willing to pay for potential declines than to chase gains. QCP believes this looks more like a "rebound" than a trend reversal.On the macro front, long-term U.S. Treasury yields and gold prices have not confirmed a recovery in risk appetite. Gold remains near its highs, indicating persistent safe-haven demand. Institutions point out that the current market action is more of a "sentiment repair" driven by ceasefire expectations, rather than a resolution of core risks.Furthermore, Ethereum has shown relative strength, with the ETH/BTC ratio recovering to around 0.0315. Coupled with on-chain transaction volume and stablecoin supply reaching all-time highs, this suggests signs of capital rotation into higher-beta assets. However, the market still needs to observe the evolution of subsequent risk events to confirm the sustainability of this rally. (CoinDesk)