US Treasury's 'Not-QE' Approach Boosts Bitcoin Prices

Bitcoin and the wider crypto market rallied this week after a US Treasury move that effectively expanded long-dated bond buybacks without being labeled as quantitative easing. The shift reignited debate about whether ongoing liquidity measures—however framed—can support high-volatility assets such as Bitcoin and Ether.

Bitcoin rose more than 23% toward $79,000 and Ether pushed above $2,400, according to the market moves described in the original reporting. The same theme has been spilling into corporate strategy across crypto, from treasury reallocations to mining expansions and even new avenues for regulated derivative trading.

Key takeaways

• Standard Chartered’s Geoff Kendrick linked Bitcoin’s strength to expanded US long-end bond buybacks, flagging $65,500 as a key technical level.
• Metaplanet is extending its Bitcoin treasury play into the US by taking a controlling stake in Nasdaq-listed Super League, to be renamed Superplanet.
• Cypherpunk Technologies is launching Zcash mining after a $33.33 million equity deal, claiming roughly 18% of Zcash network hashrate.
• The CFTC is seeking public comment on futures tied to AI compute capacity, while CME Group plans a related launch on Oct. 5 pending approval.