OKG Research: USD asset outflows accelerated at the "German address" yesterday, up $570 million from the day before
July 10th, according to OKG Research, a research institute of Ouko Cloud Chain, from July 9th to 10th, the outflow of chain assets from the two chain addresses marked as the German government and the U.S. government totaled about 469 million U.S. dollars. Specific data: yesterday's outflow total marked as the German government chain address yesterday outflow of about 666 million U.S. dollars, compared with the last single-day outflow of 0.96 billion U.S. dollars, an increase of 570 million U.S. dollars. As of today, the balance of this address has decreased by a total of $593 million compared to its initial amount (January 17, 2024), reaching the lowest balance for this address. The address labeled U.S. Government Chain had an inflow of approximately $197 million yesterday.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Glaukos Chief Development Officer Tomas Navratil sells 1,457 common shares worth $242,953.44
IT Tech Packaging auditor HCL resigns, company seeks replacement
As US Treasury yields rise, the cost of borrowing short-term Treasuries surges, with traders aggressively building short positions
The US Treasury will conduct auctions of two-year, five-year, and seven-year Treasury bonds next week. Currently, traders are racing to borrow bonds to short them, driving the borrowing costs for short-term Treasuries sharply higher. On Friday, the overnight repo rate for borrowing the current two-year Treasury was about 0.79%, while the rate for the five-year even dropped to as low as -0.85%. In contrast, the repo rate for regular Treasuries was around 3.88%.
Concentrix EVP Cormac Twomey to step down effective Dec. 31, 2026
Crypto prices
More
