Treasury Signals Willingness to Engage in YCC-Lite, Could Provide Tailwind into YE, HYPE/PURR Lead on News of U.S. Regulatory Progress

Treasury Buybacks Spark a Major Crypto Rally

Crypto finally delivered the volatility we have been waiting for. BTC rallied roughly 7%, ETH gained close to 20% at one point, and HYPE was up more than 20%, following Monday's discussion that BTC realized volatility had fallen to roughly the 1st percentile of its historical distribution.

The primary catalyst was the Treasury's announcement that it would increase t...

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