
The same Fed rate hike can help stablecoins and hurt Bitcoin borrowers
Higher rates can hurt crypto prices while quietly increasing the income earned on billions of stablecoin reserves.
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Treasury-company premiums compressed, leverage was flushed and DeFi yields suddenly had to compete with government debt.

More manufacturers reported rising input prices as orders and employment expanded, adding evidence to the rates debate before Friday’s payrolls.

BTC surged 43% as ETF demand returned, but 1.39 million coins now sit between the rally and a clean break above $90,000.

Kalshi is replacing broad volume subsidies with targeted deposit and trading incentives as scrutiny grows over the quality of its activity.

BTC slipped back below $84,000 after briefly topping $85,000 following August PCE data, while oil recovered and gold eased.

The largest short-liquidation clusters are gone while the biggest remaining leverage concentrations now sit below price.



