Ethereum is losing ownership of crypto payments as Base moves $565B in stablecoins
Visa's adjusted June data shows L2s competing for the dollar flows that could define crypto payments.
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30-year US Treasury yield hits highest level since 2002, sell-off may continue under seasonal pressure
On Tuesday, the US 30-year Treasury yield rose to 5.62%, reaching its highest level since 2002, while the 10-year yield briefly touched 5.29%. High oil prices intensifying inflation expectations, robust economic data supporting rate hike expectations, concerns about fiscal sustainability, and a surge in corporate bond supply have collectively driven this round of sell-off. Historical seasonality indicates that September and October are typically the weakest months for US Treasuries, and volatility risk remains high going forward.
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