US Treasury Buyback Announcement Looms: Will Major Cryptos Ignite?

The US Treasury is set to make a significant announcement tonight at 11 p.m. UTC+8, which could have far-reaching implications for major cryptocurrencies.

The Treasury will reveal the size of its next batch of Treasury bond buybacks, specifically targeting 10- to 20-year US Treasury bonds that haven't matured yet.

This is a crucial moment as it's been nearly two months since the last update on the buyback plan. If the announced figure shows an increase in buybacks, major coins are likely to surge.