Crypto Market Recovery? US Treasury Announces $125M Refunding, Buyback Plan

In a move signaling potential stabilization for both the crypto and stock markets, the US Treasury Department has unveiled plans for a significant refunding and buyback initiative. BitMEX co-founder Arthur Hayes has shed light on the macroeconomic factors influencing recent market sentiment shifts, notably highlighting the infusion of tax receipts amounting to a substantial $200 billion into the Treasury General Account (TGA).