Arthur Hayes said an expansion in U.S. Treasury bond buybacks could lead to a bitcoin bull market, viewing it as a signal of rising liquidity. He compared the move to 2023 actions under former Treasury Secretary Janet Yellen that boosted liquidity and helped bitcoin rebound after the FTX collapse. Hayes said rates have not yet clearly stabilised and noted yields can pressure the economy. He expects further liquidity steps and warned against leveraged trading.

South Korea’s bank soundness rules are needed for financial stability, but speakers at a Korea Institute of Finance seminar warned Basel 3’s risk-weighted framework could strengthen banks’ preference for low-risk assets and curb productive finance such as corporate lending. They called for a more refined capital regulation system that keeps global consistency while addressing weak points in the final Basel 3 package. Discussions also flagged the growing impact of the output floor and potential double regulation within financial holding groups.