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/

Nillion được định vị để lấp đầy khoảng trống đổi mới lớn nhất trong tiền điện tử kể từ hợp đồng thông minh.

Microsoft, BTC, Microsoft cũng muốn đầu tư vào Bitcoin? Golden Finance, các công ty niêm yết đang trên đà phát triển cơn sốt Bitcoin.

Golden Finance ra mắt "Golden Web3.0 Daily" để cung cấp cho bạn tin tức mới nhất và nhanh nhất về trò chơi, DeFi, DAO, NFT và Metaverse.

Điều mà thị trường mã hóa cần không chỉ là hỗ trợ "mã hóa" mà còn thực hiện các mục tiêu sâu hơn.

Binance, Zhao Changpeng và CZ lần đầu tiên nói về cuộc sống trong tù và tương lai sau khi ra tù: Giáo dục cần có thời gian Những gì tôi có bây giờ là Golden Finance, "Bản án đã trôi qua và tôi cũng đang mong chờ."

Đề xuất đọc cho tối nay: 1. Xu hướng mới về mã hóa — tổng quan về các dự án tăng tốc quý 8 của BNB Chain 2. Biến thể: Giải thích mạng chú thích dữ liệu phi tập trung Sapien 3. Thảo luận về “tình thế tiến thoái lưỡng nan” hiện tại của ETH từ góc độ của cộng đồng; thị trường sơ cấp;

Nhìn lại con đường danh tiếng của Virtuals Protocol và xem xét hiện tại cũng như tương lai của AI Agent x Crypto

Thị trường tiền điện tử, tiết lộ sự thao túng của thị trường tiền điện tử, phân tích sức mạnh tiềm ẩn đằng sau giao dịch cọ vẽ và việc tăng giá, thị trường vẫn còn nhiều chỗ cần cải thiện.

BNB Chain gần đây đã công bố 35 dự án được chọn cho mùa thứ tám của chương trình tăng tốc "Nhà xây dựng có giá trị nhất" (MVB).

Sự ra đời của AI Agent đang dần thay đổi hệ sinh thái Web3, thúc đẩy quá trình chuyển đổi hoạt động ra quyết định và xây dựng cộng đồng trở nên hiệu quả và công bằng hơn.