Treasury Triples Bond Buybacks to $6B as Bitcoin Hits a Golden Cross

The U.S. Treasury just tripled its long-term bond buyback program to $6 billion — and yields went up anyway, with the 10-year note climbing above 4.85%. Meanwhile, Bitcoin printed its first golden cross since May 2025, and the Liquid Network hack is still unresolved, with roughly 600 Bitcoin under negotiation and decrypted messages from the attackers now going public. In this episode: • Joe Consorti breaks down why the Treasury's buyback program — buying long-end debt to suppress yields and give the Fed cover to hold rates — actually shifts the interest burden closer to the present, making the debt problem worse over time. • Bitcoin's golden cross (50-day moving average crossing above the 200-day) is examined historically; Joe expects sideways chop until the Friday CPI print and the following Wednesday Fed decision before any meaningful move higher. • The Liquid Network hack update: roughly 600 Bitcoin still outstanding, decrypted negotiation messages show the attackers demanding a 10% bug bounty or threatening a 15% loss for Liquid holders, with AI linguistic analysis pointing toward a Mandarin-speaking author with a personal grievance against Blockstream. • Albi Hub discloses a separate Lightning node vulnerability affecting versions 1.7.0 through 1.18.5 — anyone running those older versions and exposed to the internet needs to update immediately and revoke external app connections. • Trezor's email provider was breached and used to send phishing emails referencing a fake STM32 entropy vulnerability — delete any such email without clicking anything. • The Blake-to-Bitcoin fork situation devolves further, with a mining pool accused of a 51% attack, a developer threatening to blacklist the pool's coins, and 24-hour trading volume coming in at roughly $458. • Canada-U.S. trade war: Trump orders Canadian-made products removed from federal procurement schedules covering $50 billion annually, while Canadian premiers hold rallies and Joe and the crew reflect on Canada's lack of economic leverage. Watch the video version: https://youtu.be/t4Awj_xgioY