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Record $12.5 billion debt buyback: Treasury pulls off the largest rescue move in US history

US Treasury debt buyback: The US Treasury executed a record $12.5 billion debt buyback, injecting fresh cash into the banking system. This move, reminiscent of 2019 market conditions, could temporarily boost assets like Bitcoin and Ethereum. However, the large scale suggests underlying banking system stress, potentially leading to increased caution and long-term inflation concerns that favor Bitcoin.