Now Playing
Treasury Yields, $350M Liquidations & XRP Futures Divergence | Crypto Briefing
Audio is available on Spreaker — see link below.
US 20-year Treasury yields hit 5.3%—an 18-year high—triggering $350M in crypto liquidations, $115M in ETF outflows, and a broad altcoin selloff. Plus: the Empowa treasury breach, SHIB whale moves, and Bifrost's 258% surge explained.
Audio is available on Spreaker — see link below.
The US twenty-year Treasury yield just crossed five point three percent. That's a level this market hasn't seen since before the two thousand eight financial crisis, and it's the clearest explanation for what happened across crypto in the past twenty-four hours.
The consequences for crypto were direct. ETFs saw one hundred fifteen million dollars in net outflows.
XRP is showing a divergence worth paying attention to. Spot price fell three point six percent to one dollar thirty-eight.
On the security side, Cardano-based DeFi platform Empowa disclosed unauthorized transfers from its treasury wallets spanning November twenty twenty-five through August twenty twenty-six. One hundred forty-three thousand seven hundred ten ADA and four point two four million EMP tokens were moved during that period.
Two data points on the other side of the ledger. A large wallet withdrew one hundred twenty-five point three three billion SHIB tokens from BitGo, moving them to a newly created address.
The signal that ties this episode together is the Treasury yield. If yields stay elevated and the Fed trajectory shifts further, UBS is now projecting two rate hikes in twenty twenty-six rather than cuts, the pressure on risk assets doesn't resolve quickly.
Chapter summary auto-generated from the verified script. Listen to the full episode for the complete content.