According to Blockworks, the Treasury Borrowing Advisory Committee (TBAC) has released its quarterly refunding announcement (QRA), which has garnered significant attention due to the current fiscal environment. The TBAC advises the Treasury on debt issuance strategy for the upcoming quarter. With interest rates no longer at zero and fiscal deficits rising, market participants are closely monitoring how the government plans to fund itself. The supply and demand dynamics of US Treasury yields are influenced by the amount of debt issued, particularly at the long end of the yield curve, which can impact market prices. This week, the Treasury provided the last QRA before the upcoming election. The report includes projections for debt issuance for the next two quarters. For the period from October to December 2024, the Treasury aims to reduce the Treasury General Account (TGA) from $886 billion to $700 billion, with plans to issue $546 billion in net issuance. For January to March 2025, the target TGA balance is set at $850 billion, with net borrowing expected to reach $823 billion. This represents a significant increase in debt issuance, totaling an additional $277 billion over the next two quarters. The decrease in the TGA balance accounts for $150 billion of this increase. The composition of the debt to be issued is also a critical aspect of the QRA. Treasury Secretary Janet Yellen has indicated that there will be no changes to the long-duration issuance composition in the coming quarters. This means that the dollar amount of issuance for maturities longer than one year will remain constant. Consequently, any increase in borrowing needs will be met by issuing more short-term debt, specifically Treasury bills (T-bills). Due to the planned TGA drawdown to $700 billion and subsequent increase to $850 billion, a substantial rise in T-bill issuance will be necessary to fund the Treasury. The Treasury is forecasting an increase in the proportion of total net issuance that is T-bills, from 13% to 45%. Historically, the Treasury targets a long-term average of 15% to 20% of total debt being T-bills. This 45% weighting is likely an outlier and is expected to be reversed in the second quarter of 2025 when tax receipts reduce the need for T-bill issuance. However, with total Treasury debt already above the upper limit of their target range at 22%, there is concern about how long the Treasury can avoid surprising markets with changes in duration.

null source: https://x.com/BTC_Archive/status/1852064887570337962

Florida's CFO has also requested that BTC be considered for state pension fund investments. source: https://www.bankless.com/florida-holds-over-800-million-in-crypto-related-investments

A British businessman emerges as the latest individual claiming to be Satoshi Nakamoto, but skepticism and doubt quickly follow. source: https://dailycoin.com/satoshi-unveiled-stephen-mollah-is-the-latest-to-lay-claim/?utm_source=cryptopanic&utm_medium=rss

Over the past 24 hours, Arbitrum's (CRYPTO: ARB) price has fallen 6.59% to $0.52. This continues its negative trend over the past week where it has experienced a 6.0% loss, moving from $0.56 to its current price. source: https://www.benzinga.com/insights/cryptocurrency/24/10/41662654/cryptocurrency-arbitrum-decreases-more-than-6-within-24-hours?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Over the past 24 hours, Optimism's (CRYPTO: OP) price has fallen 6.85% to $1.61. This continues its negative trend over the past week where it has experienced a 5.0% loss, moving from $1.69 to its current price. source: https://www.benzinga.com/insights/cryptocurrency/24/10/41662626/cryptocurrency-optimism-down-more-than-6-within-24-hours?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Over the past 24 hours, POL (ex-MATIC)'s (CRYPTO: POL) price has fallen 4.38% to $0.32. This continues its negative trend over the past week where it has experienced a 11.0% loss, moving from $0.36 to its current price. source: https://www.benzinga.com/insights/cryptocurrency/24/10/41662625/cryptocurrency-pol-ex-matic-falls-more-than-4-in-24-hours?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Michael Saylor's MicroStrategy tops Coinbase as the biggest crypto stock after revealing huge plan to buy more bitcoin (BTC). source: https://www.coindesk.com/business/2024/10/31/michael-saylor-conjures-stock-market-magic-with-giant-plan-to-buy-more-bitcoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Over the past 24 hours, Ethereum Classic's (CRYPTO: ETC) price has fallen 5.02% to $18.54. This continues its negative trend over the past week where it has experienced a 2.0% loss, moving from $18.85 to its current price. source: https://www.benzinga.com/insights/cryptocurrency/24/10/41662596/cryptocurrency-ethereum-classic-down-more-than-5-within-24-hours?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Glow Labs has raised $30 million with $23.5 million set aside for the expansion of solar farms in India. The post VCs Pump More Money Into DePINs as Glow Seeks to ‘Power the Planet with 100% Renewable Energy’ appeared first on NFTgators . source: https://www.nftgators.com/vcs-pump-more-money-into-depins-as-glow-seeks-to-power-the-planet-with-100-renewable-energy/

닐리언 포지셔닝은 스마트 컨트랙트 이후 암호화폐에서 가장 큰 격차를 메우는 혁신입니다.

마이크로소프트,BTC,마이크로소프트도 비트코인에 투자할까? 골든 파이낸스,공기업들이 비트코인 열풍에 뛰어들다.

골든 파이낸스는 게임, DeFi, DAO, NFT 및 메타버스 산업에 대한 최신의 가장 빠른 뉴스를 제공하는 골든 웹 3.0 데일리를 선보입니다.

암호화폐 시장에 필요한 것은 단순히 '암호화'를 지원하는 것이 아니라 이러한 더 깊은 목표를 실천하는 것입니다.

바이낸스,자오창펑,출소 후 처음으로 교도소 생활과 미래에 대해 이야기하기 위해 등장한 CZ: 교육에는 시간이 필요하다 지금 내가 가진 것은 황금 금융, "심판은 지나갔고 나는 앞으로 나아가고 있다".

오늘 저녁 추천 읽기: 1. 암호화폐의 새로운 트렌드 - BNB 체인의 Q8 액셀러레이터 프로그램 한눈에 보기, 2. 변종: 탈중앙화 데이터 주석 네트워크 사피엔 설명, 3. 1차 시장의 관점에서 본 이더리움의 현재 '딜레마'에 대해 이야기하다. ";

버추얼 프로토콜의 명성을 되짚어보고 AI 에이전트 x 크립토의 현재와 미래를 살펴봅니다.

암호화폐 시장,암호화폐 시장 조작 폭로 스와이프 거래와 가격 끌어올리기 금 금융 뒤에 숨겨진 힘 분석,암호화폐 시장에는 여전히 개선의 여지가 많습니다.

BNB 체인은 최근 모스트 밸류 빌더(MVB) 액셀러레이터의 8번째 시즌에 선정된 35개 프로젝트를 발표했습니다.

AI 에이전트의 도입으로 Web3 생태계는 점차 변화하고 있으며, 보다 효율적이고 공평한 의사 결정과 커뮤니티 구축으로의 전환을 추진하고 있습니다.