[U.S. Treasury to Repurchase Up to $6 Billion in Long-Term Bonds on Thursday, Single Transaction Size Increased to $4 Billion] The U.S. Treasury will repurchase up to $6 billion in long-term bonds on Thursday and increase the single transaction repurchase size to at least $4 billion. (Source: Jinshi)

Ryan Connor of RockawayX writes that the dollar leads the euro about 3 to 1 across the offchain economy and more than 300 to 1 onchain. Euro-pegged stablecoins total €711 million, under 1% of supply. He traces the gap to path dependency and missing euro DeFi infrastructure, and argues MiCA-regulated issuance and euro vault rails are changing it.

The US Treasury Department will buy back up to US $6 billion of long-term treasury bond bonds on Thursday.

The US Department of Justice and the Office of Foreign Assets Control of the Treasury jointly seized the illegal trading platform Xinbi Guarantee and frozen $52 million in cryptocurrency assets with the assistance of Tether. The task force has frozen a total of 938 million US dollars in fraudulent funds. Law enforcement agencies have taken over Telegram channels related to Xinbi Guarantee, seized $12 million in funds, and frozen 47 associated wallets. The Office of Foreign Assets Control of the Ministry of Finance has added Xinbi Guarantee and two affiliated entities to the sanctions list.

Robinhood CEO Vlad Tenev responded to AMC CEO Adam Aron's criticism of the stock token business, stating that listed companies cannot control other institutions to create financial products that reference their stocks. Robinhood stock tokens are issued by independent entities and supported by underlying stocks, and do not require the consent of listed companies. Stock token holders do not enjoy voting rights in the underlying company, and the token is a debt security. Robinhood has not yet announced plans to exercise voting rights in the underlying stock. (Source: CNBC)