bond

According to Jinshi reports, due to signs of a deadlock in peace negotiations between the United States and Iran, U.S. Treasury prices fell, leading to a rise in yields in the U.S. Treasury market, which amounts to $31 trillion. The yield on the 10-year Treasury rose by about 6 basis points, reaching nearly 4.5%, while the yield on the 2-year Treasury also increased by about 6 basis points, reaching 4.07%. Traders raised their expectations for a Federal Reserve interest rate hike, with the swap market indicating that traders have fully priced in one rate hike by March 2027, and believe there is a 50% chance of a hike as early as October.

According to Gate market data, U.S. Treasury bonds continue to rise, and the U.S. dollar index DXY has fallen to an intraday low, currently reported at 98.8.

According to Jinshi reports, Federal Reserve official Musalem stated that the bond market indicates the economy is resilient, while inflation expectations are rising.

According to BBX data, yesterday (May 26), the largest publicly traded company holding Ethereum announced the latest SEC filing, with Strive's weekly increase of 1,109 coins maintaining a steady pace, and the SATA financing flywheel continuing to operate. The core dynamics are as follows:Bitmine Immersion Technologies, Inc. (NYSE: $BMNR) submitted Form 8-K to the SEC on May 26, disclosing that as of that date, the company's ETH holdings reached 5.39 million coins (accounting for 4.47% of the total ETH circulation, with a target of 5%, currently completed 89%), with a total of approximately $12.3 billion in combined crypto assets, cash, and strategic equity investments; among which 4,712,917 ETH has been staked (valued at approximately $10.1 billion at $2,134 per coin), with a 7-day staking annualized yield of 2.75%, and an estimated annualized income of approximately $276 million based on full staking; the company's self-operated validation node platform MAVAN has also opened staking services to external institutions. Chairman Tom Lee pointed out in a statement that if the ETH closing price in May is above $2,100, it will be the first time there has been a positive monthly close for three consecutive months, "which has never happened in a crypto bear market." The average daily trading volume of $BMNR over the past 5 days is approximately $572 million, making it the 193rd most actively traded stock in the U.S.Strive, Inc. (NASDAQ: ASST) disclosed in its 8-K on May 26 the asset changes from May 18-22: BTC holdings increased from 15,391 coins to 16,500 coins (a net increase of 1,109 coins), cash increased from $87.3M to $93.3M (+$6M), and STRC holdings increased from $49.8M to $50.1M; during the same period, Class A common stock increased by approximately 2.23 million shares (conversion of SATA preferred stock), and the total amount of SATA preferred stock increased by approximately 515,000 shares. Strive uses the issuance of SATA preferred stock as its main financing tool, continuing the systematic accumulation of BTC; the BTC yield from 2026 to date is approximately 18.4% (as of May 19).

BitMEX senior research analyst Shang Wu stated that the continued rise in government bond yields signals an impending "structural" shift, which will create a "super cycle" for Bitcoin's price increase.Shang Wu pointed out that under the pressure of the $39 trillion U.S. debt and massive spending on AI infrastructure, central banks will ultimately respond through currency devaluation and invisible liquidity injections. At that time, investors will sell off devalued traditional assets and turn to allocate Bitcoin, a scarce asset that cannot be inflated.Last week, the yield on the 30-year U.S. Treasury bond broke 5.14%, while the yield on Japan's 10-year government bond reached 2.8%.He believes that while short-term volatility is inevitable, in the long run, this will be the biggest structural benefit for Bitcoin.

Michael Saylor posted: "This week we bought bonds, not Bitcoin. ₿itVac is charging."

According to CoinDesk, Mark Connors, Chief Investment Officer of Risk Dimensions and former Head of Global Portfolio Management at Credit Suisse, stated that Bitcoin's previous underperformance against the S&P 500 index, which lasted for 142 days, ended in early May, marking the longest duration in history. It has now entered a new phase of outperformance.

According to Jinshi reports, Federal Reserve official Barkin stated that there are currently no signs of runaway inflation based on the inflation expectations reflected in the long-term bond market.

According to Jinshi reports, the probability of a Federal Reserve interest rate hike has surged to 52%. Currently, the yield on 30-year U.S. Treasury bonds has surpassed 5%, and the market no longer needs to wait for the Federal Reserve's statement, as it has already reflected the expectations of a rate hike. Analysts point out that the trends of gold and U.S. stocks will be affected, and investors need to pay attention to related market dynamics.

According to the disclosure on the Strategy official website (Form 8-K, May 15), Strategy announced plans to repurchase $1.5 billion of convertible bonds maturing in 2029.At the same time, the company opened voting on the STRC semi-monthly dividend amendment to STRC and MSTR holders.

The yield on the UK 10-year government bond rose to 5.133%, the highest since 2008, increasing by 14 basis points during the day.

According to the Financial Times, several large technology companies, including Alphabet and Amazon, are accelerating their entry into the global bond market, raising funds through large-scale overseas bond issuance to support the expansion of artificial intelligence infrastructure and computing power.The report states that this round of financing activities has reached a new high in recent years, reflecting the increasing demand for long-term capital expenditures among tech giants in the AI race, particularly focused on data centers, computing clusters, and cloud infrastructure construction.Analysts believe that against the backdrop of high interest rates, companies are choosing to optimize their financing structure globally, diversifying funding costs and term risks through multi-currency debt markets, further strengthening their capacity for investment in AI infrastructure.

According to documents from the U.S. Office of Government Ethics, President Trump purchased shares of the Bitcoin mining company MARA Holdings ($MARA) between January and March 2026. Additionally, a report from Reuters indicates that the same batch of disclosure documents shows Trump conducted 175 financial transactions in March, purchasing at least $51 million in bonds, with the total value of transactions in that month reaching approximately $161 million.

According to Jinshi, U.S. Treasury Secretary Yellen stated that as the market prices in inflation, global bond yields are rising.

According to the Nikkei, several major banks and securities companies in Japan plan to issue Japanese government bonds in the form of digital securities and manage them on the blockchain by 2026, enabling 24/7 trading of government bonds.Relevant institutions will introduce yen-denominated stablecoins that can circulate on the blockchain for fund settlement, aiming to reduce settlement costs, accelerate delivery speed, and enhance the efficiency of institutional investors' fund usage. The digital government bond scheme will allow government bonds to circulate outside traditional market trading hours, with relevant infrastructure and system design being jointly promoted by financial institutions.

According to Jinshi News, bond traders are increasing their bets that the Federal Reserve's next policy move may be an interest rate hike rather than a cut. Swap contracts linked to central bank rate decisions indicate that the market expects a probability of over 50% for the Fed to raise rates before cutting them, prior to April next year. Lawrence Gillum, Chief Fixed Income Strategist at LPL Financial, stated that the possibility of a rate cut this year still exists, but as the duration of the Iran conflict extends, this possibility will gradually decrease.

According to Bloomberg, a project by Bitcoin mining company Hut 8 Corp is issuing investment-grade secured bonds to fund its data center construction associated with Google (Alphabet Inc.).The bonds have a maturity date of 2042, with an initial price guidance of approximately 2.13 percentage points above the benchmark yield. Previous reports indicated that the project plans to issue at least $3 billion in high-grade bonds for the construction of a 245-megawatt facility located in St. Francisville, Louisiana. The issuance is being managed by Goldman Sachs, JPMorgan, and Morgan Stanley.The 600,000 square foot project will generate revenue through a 15-year lease agreement worth approximately $7 billion signed with cloud computing startup Fluidstack, with Google providing financial backing for the lease payments and other obligations. A subsidiary of Entergy Corp. will supply power to the project under a service agreement.Hut 8 is a publicly traded Bitcoin mining company that is transforming into an energy and digital infrastructure company and holds a controlling interest in a U.S. Bitcoin company (associated with Eric Trump and Donald Trump Jr.).

Bitget officially launched the "Blockchain4Youth Learning Center" with its first course, aimed at providing a systematic blockchain learning path for young people and further connecting knowledge learning with career development. After completing the course and passing the assessment, students will receive a certificate of completion issued by Bitget's Chief Marketing Officer Ignacio Aguirre Franco, serving as an official certification of their Web3 capabilities. Certificate holders can gain more industry exposure and priority employment opportunities among the partner employers of the Blockchain4Youth Talent Alliance.To bridge the gap from learning to employment, Bitget has partnered with the Web3 recruitment platform Bondex to provide students with a transparent job-seeking channel and a talent pool connection mechanism. Bondex co-founder Ignacio Palomera stated that the project aims to address the real issues faced by learners, such as "lack of industry connections after completing the course, insufficient effective certification, and unclear job-seeking paths," building a more direct bridge between young talent and recruiting companies.So far, the Bitget Blockchain4Youth series of projects has attracted over 15,000 young participants. Bitget CMO Ignacio Aguirre Franco pointed out that the goal of the learning center is to transform young people's interest in Web3 into a tangible entry path. As the program continues to advance, Blockchain4Youth is gradually evolving from a single event project into a long-term infrastructure focused on Web3 education, career guidance, and talent development.