Investors Flee US Bonds Like They’re on Fire! 🔥

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Welcome, dear readers, to the US Crypto News Morning Briefing—your indispensable guide to the most riveting developments in the world of crypto for the day ahead. ☕️

Do grab a coffee, darling, as we delve into the delightful antics of investors ahead of the FOMC’s interest rate decision tomorrow. The Federal Open Market Committee (FOMC) is gathering today for a two-day tête-à-tête to decide the Fed’s next move. How thrilling! 🎩

Crypto News of the Day: Treasury Yields Dip Ahead of FOMC’s Interest Rate Decision

US Treasury yields are taking a nosedive, much like my last attempt at a soufflé. The yield on the benchmark 10-year Treasury note has plummeted 3 basis points (bps) to 4.424%. Meanwhile, the 2-year Treasury yield has also decided to join the party, dropping more than 1 bp to 3.958%. How very dramatic! 🎭

This delightful drop comes amidst geopolitical tensions in the Middle East between Israel and Iran. In a recent publication, BeInCrypto reported how an escalation in the Middle East could send Bitcoin prices into a tizzy. Oh, the suspense! 😱

Meanwhile, beyond the geopolitical soap opera, other fundamentals are also influencing investor sentiment. There’s a palpable caution in the market as traders and investors brace themselves for the FOMC interest rate decision on Wednesday. How positively riveting! 🥳

This is NOT the environment you want to be long bonds in.

We are likely to remain below the geopolitical risk level into FOMC.

If Powell makes another dovish mistake, it will be even more downside for bonds.

— Capital Flows (@Globalflows) June 16, 2025

BeInCrypto has reported that the FOMC interest rate decision is expected to keep rates at a cozy 4.25-4.5%. According to the CME FedWatchTool, markets are projecting a staggering 99.8% probability that the Fed will leave interest rates unchanged. How utterly predictable! 📈

This comes after inflation decided to make a comeback in May, for the first time since February. Speculation has shifted to subtler sources of liquidity, especially changes to the Supplementary Leverage Ratio (SLR), as a hidden trigger for the next crypto bull run. How delightfully cryptic! 🕵️‍♂️

Lagarde Declares “Global Euro” Moment Amid Dollar Dominance Doubts

Meanwhile, in a land far, far away, European Central Bank President Christine Lagarde has declared a pivotal opportunity for the euro to rise as a global reserve currency. She’s calling on the EU to flex its geopolitical muscles, economic resilience, and institutional unity. How very ambitious! 💪

In a speech titled Europe’s “global euro” moment, Lagarde warned that the unraveling of open markets and the fading dominance of the US dollar present both threats and opportunities for Europe. How thrillingly dramatic! 🎬

She lamented that “Protectionism, zero-sum thinking, and bilateral power plays” are replacing multilateral norms, jeopardizing 30 million EU jobs tied to global trade. Oh, the humanity! 😩

While the euro is currently the world’s second most-used currency—representing 20% of global FX reserves—Lagarde argued that increasing its global stature is not guaranteed. How very sobering! 😳

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Byte-Sized Alpha

Crypto Equities Pre-Market Overview

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Strategy (MSTR)$382.25$375.15 (-1.86%)
Coinbase Global (COIN)$261.57$256.65 (-1.88%)
Galaxy Digital Holdings (GLXY)$19.37$19.00 (-1.91%)
MARA Holdings (MARA)$15.32$14.98 (2.22%)
Riot Platforms (RIOT)$10.17$9.98 (-1.87%)
Core Scientific (CORZ)$12.08$12.00 (-0.66%)

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2025-06-17 18:38