When will BTC reach a new All-Time High?

10-year yield hits 4.992%, 30-year auction clears at 21-year high

The 10-year Treasury yield reached an intraday high of 4.992% while the government sold $22B in 30-year bonds at 5.308% — the highest auction yield since August 2001. Rising risk-free rates compress the premium for non-yielding assets like Bitcoin.

Treasuries losing foreign appeal as fiscal deficit runs at 6% of GDP

CNBC reports a historic reversal in capital flows away from U.S. Treasuries, while the government must issue $1 trillion in new debt every 3-5 months against a 6% GDP deficit. Fiscal deterioration and supply overhang keep upward pressure on yields, sustaining the macro headwind for crypto.

Fed officials signal more hikes possible as inflation stays sticky

Cleveland Fed's Beth Hammack warned that persistent high inflation becomes costlier to reverse, while Minneapolis Fed's Kashkari backed incremental rate hikes over waiting. The hawkish chorus reinforces elevated-for-longer rates, the same dynamic that has already pushed BTC below key price thresholds.

Schumer calls emergency caucus, most Democrats expected to vote no

Politico reports Schumer convened a Sunday caucus meeting after Republicans circulated over 100 changes to the CLARITY bill Thursday. With most Democrats now expected to oppose it, the bill must still find seven Democratic crossover votes — a threshold that looks increasingly out of reach.

Ethics and stablecoin yield disputes remain unresolved days before vote

Key sticking points — ethics provisions requiring public officials to divest crypto holdings, and how CLARITY regulates stablecoin yields — are still open. Community banks are actively lobbying against the yield language, and some Republicans have threatened to vote no if it is unchanged.

Passage odds rose from all-time lows but remain deeply uncertain

Prediction market platforms including Polymarket show CLARITY passage odds have climbed from a record low of 14%, but the bill still needs seven Democrats on Sept. 15 with bipartisan support visibly collapsing and multiple substantive disputes unresolved heading into the vote.

Miners lock in gigawatts of ERCOT capacity, securing future hash dominance

Cipher Mining secured 3.2 GW in conditional Batch Zero classifications while Galaxy claimed 4.2 GW across five projects. CleanSpark disclosed 885 MW total. The scramble signals that miners are building out a power base that underpins long-term Bitcoin production growth.

Canaan acquires Cipher's West Texas JV stake at sub-$0.03/kWh power rates

Canaan bought Cipher's 49% interest in the ABC Projects — adding 4.4 EH/s and 120 MW at below $0.03/kWh — via a non-cash $39.75M equity deal. Ultra-cheap locked-in power lowers production costs, improving miner margins and reinforcing Bitcoin network hashrate expansion.

Data center requests exceed five times ERCOT's peak demand, tightening grid access

Connection requests in Texas represent more than 5x ERCOT's record peak demand, making grid position a scarce strategic asset. Miners that have secured conditional Base Load status — like IREN's 2 GW Sweetwater hub — hold a structural advantage that is increasingly difficult for latecomers to replicate.

Seven key Democrats say current text 'falls short,' demand more changes

The exact seven Democrats Republicans need to reach 60 votes issued a joint statement calling the bill insufficient on ethics, consumer protection, and illicit finance. Galaxy Digital put passage odds at just 30%, and Polymarket priced it at 23% as of Sept. 12.

Revised 630-page draft absorbs 100-plus Democratic changes, adding ethics and CFTC funding

A Sept. 10 revision incorporated over 100 Democrat-requested amendments, added a felony bar on convicted fraudsters, and earmarked $150M for CFTC enforcement — concessions designed to peel off holdouts but not yet enough to secure commitments.

Republican seat math is thinner than it looks, squeezing the 60-vote threshold

Sens. Hawley and Paul are reported likely no votes and McConnell has not voted since June, meaning Republicans may effectively start from 50, not 53 — making the seven-Democrat crossover requirement even harder to meet before Sept. 15.