The pool of capital demonstrating the highest demand for BTC exposure is money market funds, short-term T-bills, commercial paper, and USD bank accounts.Short duration capital with low/no lockup that has been yield-starved in real terms for decades.$32.9 trillion TAM.Dylan LeClair (@DylanLeClair_):The Preferred offering with the shortest effective duration looks to have had the largest initial IPO.Extremely valuable datapoint. https://t.co/JtnyDJh96c ...

RT Justin ($/acc) (@JustinBarlow)Huge to see Ondo's USDY coming to Sei!USDY provides direct access to tokenized US T-Bills, giving Sei defi protocols access to a new yield primitive for the first timeOndo's proven RWA expertise + Sei's high performance infra = a perfect matchMarkets Move Faster on Sei https://t.co/GR25wz7aUf ...

Tariffs and Trade - The US President has increased tariffs by approximately $167 billion, a 60% increase from before [2] - The market views the tariffs as a way to pressure the EU and China to finalize trade deals before deadlines [3] - The US government needs to be cautious about tariffs, as excessive tariffs, such as $700 billion previously, can lead to backlash [4] - The US aims to secure deals with major countries before August 1st [5] Liquidity and Crypto - Raising the debt ceiling reduces liquidity, prompting the Treasury to adjust its financing strategies [6] - Treasury is delaying refilling the Treasury General Account, changing supplemental leverage ratio rules, increasing buybacks, and issuing more T-bills [7] - Stable coin legislation could create an additional $800 billion in T-bill demand [7] - Bitcoin serves as a means to circumvent capital controls in certain countries [8]

T-bill and chill: Investors are pouring money into an ETF that invests in the shortest-maturity US government debt https://t.co/yOR1Thogm2 ...

RT Bridget (@bridge__harris)A "stablecoin bank" could take many diff forms, but the one we explored in the piece resembled a narrow bank where deposits are 1:1 backed with T-bills --- Customers could automatically earn T-bill yield on their deposits- Credit issuance itself could be done in stablecoins- From a UX perspective, customers would still just be tapping a piece of plastic ... when a customer spends at a retailer, it would functionally just be sending money from one wallet to another.The challenges ...