Finance

Bond markets experienced substantial selling pressure as the 10-year U.S. Treasury note yield climbed to its highest mark since January 2025 and the 30-year bond hit a 19-year peak. This surge followed a Federal Reserve meeting where three committee members broke ranks to vote for a rate hike, highlighting deep-seated concerns that sticky inflation could warrant tighter monetary policy. Re-escalating geopolitical tensions between the United States and Iran further compounded inflation fears.

Cryptocurrencies decoupled from the broader equity markets as Bitcoin slid below the $63,000 threshold, wiping out roughly $100 million in leveraged long positions. Despite robust institutional inflows into spot exchange-traded funds earlier in the month, digital assets faced severe headwinds from a stagnation in legislative progress for the U.S. Senate's CLARITY Act. This lack of regulatory progress, mixed with elevated energy costs and macroeconomic uncertainties, left major tokens vulnerable to sharp corrections.

Trump Media & Technology Group has begun marketing a premium application programming interface for Truth Social to trading firms and institutional investors. For a fee reaching up to $100,000 monthly, subscribers are promised early access to high-profile user feeds, including those of the president. The initiative aims to provide high-frequency trading operations a slight edge in speed to react to market-moving policy updates.