WorldPingCorporate treasuries bought just 5,900 bitcoin in three months, while broader demand signals remain weak.
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Corporate treasuries bought just 5,900 bitcoin in 3 months. Other demand signals look weak, too.
Why risk a smart contract exploit when safe US Treasuries pay better crypto yields?
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Read the full report at CoinDeskLiving hubs that keep updating as this story develops.
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WorldPingBitcoin is down just 1.5% in its historically weakest month and remains on track for its first quarterly gain in a year, despite rising rates, surging oil and a stronger dollar.
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Another central bank hiked rates overnight, this time the Bank of Japan. The move failed to halt the slide in the yen.
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WorldPingOFAC says hundreds of millions of dollars in Bitcoin moved through BitBank to the Revolutionary Guards in two months.
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WorldPingThe Federal Reserve raised its target range by 25 basis points to 3.75%-4.00% on Sept. 16, pushing the one-year Treasury yield to 4.45% the same day and pressuring crypto lending yields.
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