I want to start with this China story on treasuries, not a big market reaction. Are we going to get a bigger one as this story develops. Yes, I think this is a real grower of the story.I understand why there has not been a panicked reaction. This is China warning banks to basically watch out for their concentrated exposure to treasuries and trim where it's excessive. Not for state banks.It is really just a kind of warning to the market. And it happened a couple of weeks ago. So during kind of the Greenland ...

The US Dollar Index has fallen to around 97.17, with the latest 24‑hour change near minus 0.4%. In past cycles, this kind of move often helped Bitcoin, but this time, it has not. Bitcoin is trading near $87,000, down more than 6% in the last seven days. According to CryptoQuant analysts, the reason is simple. The dollar drop comes from fear, not from growth or easy money. Data shows that as the dollar slipped, gold attracted flows while Bitcoin ETFs saw large outflows. Capital did not rotate into risk ass ...