BlackRock (NYSE:BLK) is integrating its tokenized money market fund BUIDL with cryptocurrency exchange OKX as Bitcoin (CRYPTO: BTC) spot ETFs continue to attract significant inflows. Under the arrangement, the fund can be used as collateral while continuing to generate yield from low-risk assets such as U.S. Treasuries.
Everyone watching Bitcoin this week is watching the Federal Reserve, while the more important tell may be sitting in the Treasury market, where the 10-year yield has compressed into one of its tightest ranges of the year just as a dense macro calendar opens.
Technical Setup: Bitcoin's recovery hinges on closing above the $82K CME gap, with negative funding rates and lower implied volatility creating conditions that could fuel a short squeeze.