President Trump is calling for lower interest rates amid increasing recession fears. Speculation suggests he may be trying to crash the market to persuade the Federal Reserve to make rate cuts, as evidenced by a significant drop in the 10-year yield.

In related developments, BlackRock has launched its tokenized Treasury fund, BUIDL, now valued at 500 million USD, which integrates with various DeFi platforms, marking a notable expansion into the decentralized finance space.