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Exploring the Link Between Treasury Yields and Bitcoin

The concept of cryptocurrency, such as Bitcoin, has recently been an increasingly popular topic. As more people turn to digital assets, understanding the relationship between traditional investments, like treasury yields and cryptocurrencies, is equally important. 

Keep reading to learn the link between treasury yields and Bitcoin, examining how these assets interact and how their relationships may affect investors’ decisions. 

The Connection Between Treasury Yields and Bitcoin

Treasury yields, or yields on government bonds, have long been used to measure the risk-free rate of return for investors. Treasury yields serve as a benchmark for other investments because they are seen as the safest option since the full faith and credit of the government backs them. 

Most Bitcoin transactions are speculative, meaning that investors often purchase Bitcoin with future price movements in mind. As such, Bitcoin’s price is heavily influenced by investor sentiment, which can change quickly based on macroeconomic events.

Hence, when treasury yields rise, investors move away from risky investments such as Bitcoin and into safer assets; when profits decrease, investors flock back to riskier investments like Bitcoin due to attractive rates and potential capital gains. 

Factors Influencing the Link Between Treasury Yields & Bitcoin

1. Global Macroeconomic Conditions

When global economic conditions are strong, investor sentiment is generally positive, increasing buying activity for government bonds and Bitcoin. In turn, it can push up yields on treasury bonds and the price of Bitcoin, creating a positive correlation between the two. 

Conversely, when global economic conditions are weak, there tends to be more selling pressure on both assets. It can lead to lower yields on treasury bonds and prices for Bitcoin, resulting in a negative correlation. These correlations may only sometimes be consistent and could even move in opposite directions.

2. Monetary Policy of Central Banks

Central banks are responsible for setting targets for interest rates, bank reserves, and money supply, which affect economic credit availability. It, in turn, influences the cost of borrowing, which involves a demand for investments such as treasuries. 

The cost of borrowing can also impact the demand for Bitcoin, as investors may opt to buy Bitcoin instead of riskier investment instruments such as stocks or corporate bonds should interest rates rise too high.

3. Risk in Crypto Markets

Cryptocurrencies are subject to market risks that can affect their performance, such as fluctuations in price and availability. These risks can cause market prices to be more volatile than traditional asset classes, leading to increased uncertainty in the investment process.

As a result, investors often demand higher returns on their cryptocurrency investments, which can lead to a decrease in treasury yields and an increase in Bitcoin’s price.

4. Supply & Demand Dynamics

When investor demand for treasury securities increases, yields tend to drop as more investors are willing to buy them at lower prices. It means fewer investors are looking to buy Bitcoin and other cryptocurrencies, which can decrease their value.

Conversely, if demand for treasuries decreases, yields increase as fewer investors want to buy them. It can translate into more investors looking to buy Bitcoin and other cryptocurrencies, causing the price of these assets to rise.


Understanding the relationship between treasury yields and Bitcoin is vital to stay current with the latest trends. Knowing how these two financial instruments interact could prove beneficial in making investment decisions and keeping up with the markets.

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MapleStory looking to break into Web3 with new game

MapleStory – As the Web3 environment continues to change, developers have taken the initiative to keep up.

Web3 has received a lot of attention in recent years, especially during the NFT boom, which saw thousands of projects emerge.

It has also piqued the curiosity of large corporations, celebrities, and influencers, who are enthusiastic about the new technology.

Nexon, a well-known Asian game publisher, is the most recent firm to enter the Web3 space with a game.

The news

Nexon is attempting to stay current by creating a new Web3 game based on MapleStory.

MapleStory is the company’s popular pixelated 2D role-playing project, developed by Wizet in South Korea and marketed by Nexon.

Nexon announced the creation of MapleStory Universe on Tuesday at the Game Developers Conference in San Francisco.

The Web3 game will be released on a private Supernet on Polygon, demonstrating the company’s commitment to build a name for itself.

The game

MapleStory is one of the longest-running games, having been in operation since 2003.

The game has produced more than $4 billion in sales, according to a Nexon release earlier this year.

It has also attracted over 180 million registered users.

To get a sense of MapleStory’s popularity, check out its Steam page, which has over 260 million players.

Hwang Sun-Young, Group Head of MapleStory Universe, issued a statement expressing his excitement for the project’s progress, saying:

“We are looking forward to expanding the NFT ecosystem envisioned by MapleStory Universe by building on Polygon.”

“We will work closely with the team at Polygon Labs to develop and market the game.”

The Supernets

Polygon is well-known as an Ethereum scaling network, allowing for quicker and cheaper transactions than the Ethereum mainnet.

According to Polygon Labs VP, Global Games and Platform Business Development Urvit Goel, Nexon’s future PC game will use Polygon Supernet, which will allow it to have its own dedicated app chain.

“They have the ability to scale in a way that you can’t scale on a shared blockchain,” said Goel regarding Nexon and its planned Supernet.

“They have a very broad vision of how many transactions they think they’ll do daily, because the game and the IP is so large.”

The Polygon Supernets use a similar strategy.

They, for example, create a specialized sub-network for certain projects to use.

Moreover, Supernets provide authors customisation possibilities and protect decentralized apps (dapps) and games from potential performance concerns on the larger public network.

Read also: Wildxyz creates platform with a massive group of NFT artists

Early announcements

MapleStory Universe was announced in 2022, but no release date has been established as of yet.

Goel, on the other hand, stated that there will be no NFT presales.

Instead, through playing the game, gamers would earn items as NFTs.

“They’re not pushing for in-app purchases,” said Goel, referring to the typical microtransactions in mobile games.

The MapleStory Universe

The future MapleStory Universe is an NFT-centric game, which means tokenized assets will be a part of the game and will be able to be exchanged or transferred through the game’s marketplace.

According to Nexon, the MapleStory Universe will eventually include a crypto asset.

Yet, the specifics have yet to be worked out.

“We plan on issuing our unique coin, and specific details about this will be revealed later with our tokenomics,” said the game studio.

South Korean companies diving into Web3

Nexon is a South Korean and Japanese corporation that generates the majority of its income in the South Korean market.

Polygon Labs’ Urvit Goel stated that it is not the only South Korean studio plunging into the Web3 realm, citing the company’s solid roots in the South Korean market.

“Korea has been by far the leader from a developer standpoint,” he said.

“If you look at the top 10 gaming companies in Korea, 8 out of 10 have publicly stated that they’re building something on the blockchain, which is very unique globally.”

NCSoft and Netmarble are two more big South Korean game developers and publishers experimenting with Web3 projects.

Sui, a new blockchain network, is being built by the two firms.

Krafton, the developer of the popular first-person shooter games PUBG: Battlegrounds, is also working with Solana Labs to launch a number of blockchain ventures.

Polygon Labs president Ryan Wyatt issued a statement underlining the importance of South Korea as a market in Web3 gaming.


Wildxyz creates platform with a massive group of NFT artists

Wildxyz – The Web3 space is home to many of the latest technology, and it is renowned as the home to several NFT platforms.

While projects come and go with similar missions, art, and utilities, Wildxyz is a unique project that is looking to elevate the NFT space

Founder and CEO J. Douglass Kobs is attempting to pioneer a unique approach in NFT which focuses on “experiential” art.

Wildxyz is also looking to build around a residency program that allows artists to immerse themselves in Web3 and create a community of fellow creators.


Wildxyz is employing a unique model that boasts a strong portfolio of big backers, including:

  • Actress Gwyneth Paltrow
  • LinkedIn founder Reid Hoffman
  • Twitch co-founder Kevin Lin
  • Philadelphia 76ers President Daryl Morey

Recently, Wildxyz announced a Matrix Partners-led $7 million seed round with the investors among others.

Furthermore, the firm receives feedback from notable NFT artist Emily “pplpleasr” Yang.


Wildxyz launched last fall alongside its residency program and initial “Season 0” cohort that includes notable artists like Mitchell Chan, Aluna, and Harm van den Dorpel.

Each creator will release NFT-based works through the platform.

However, a Season 1 cohort is set to follow shortly.

The cohort will include names like Sarah Friend and Serwah Attufuah.

Sarah Friend is renowned for creating experimental blockchain projects.

Meanwhile, Attafuah has collaborated with GQ and Paris Hilton to create NFT drops.

  1. Douglass Kob is confident that Attafuah is set to become a household name.

Meanwhile, other artists participating include:

  • Jonas Lund
  • Nic Hamilton
  • Anna Lucia
  • Beryl
  • Lisa Odette
  • Gabriel Massan
  • Idil Dursun
  • Matto
  • Tim Maxwell

Furthermore, the Season 1 group is rounded off with:

  • StupidGiant
  • Santiago
  • Jerk Beasley
  • Nygilia
  • Sam Hains
  • Jenny Jiang
  • Yuma Yanagisawa
  • Mia Pixley

The cohort is a mixed group of artists from various places around the world, with some being more prominent than others while others holding deeper Web3 experiences.

The goal to curate a diverse group of artists seems to have been deliberate.

Wildxyz is creating unique pairings throughout the 12-week virtual residency program, helping the participants learn in that period.

Read also: Heterosis takes a unique spin on flora NFTs

A unique community

Kobs said the residency will feature a slate of programming like artist-led classes to the groups, allowing them to share their skills and experiences.

Wildxyz will also have notable mentors join the cohort.

For example, in the initial group, pseudonymous generative audiovisual artist Deafbeef monitored artist Caleb Ogg’s progress as he prepared the launch for his Machines NFT drop.

According to Kobs, the residency is similar to a Y Combinator catered to artists.

It acts as an accelerator for creators to expand their Web3 skills before producing and launching new art through the platform.

He said the goal is to surround artists with experts and influences they can learn from.

It was developed with the goal of creating connections and community while producing distinctive blockchain art.

“I’m always excited to connect with and learn from any artist in any respect, but have always lacked some sort of structure, I guess,” said Attafuah.

“Wild[xyz] gives me a place to riff off of a really solid community of diversely talented creatives, and I really look forward to the Wild sessions as I take away so much more to reflect on.”

The Wildverse

The residency program is just the beginning of Wildxyz’s long-term goal: a destination for “experiential” art.

The startup is pouring everything into an immersive, spatial platform that can be experienced through either VR or AR.

While many prefer to call it a metaverse, Kobs and his team instead refer to it as the Wildverse as he believes “metaverse” has been “bastardized.”

Each NFT launch on Wildxyz will feature an immersive 3D environment that viewers can walk through.

For example, the Wild Oasis NFTs offer platform benefits and allow holders to explore a jungle setting.

The Machines NFTs hold 2D art pieces and a virtual gallery to view them.

“People want to be in spaces that they can explore, and where they can create an emotional connection to somebody that created work,” said Kob.

“That place doesn’t really exist digitally, in my experience. I haven’t found it.”

The concept of releasing projects like NFT-based interactive games might not seem like the best path to an immersive online art experience.

Instead, Kobs sees the present and future output of the cohorts as the right step into a thriving artist community that can support future Web3 endeavors.

“I think those building blocks are really incredible things built by incredible people, that we get to go explore and then talk about and learn about – and also meet people along the way,” said Kobs.

“I view it as this catalyst for us to build a space that I want to play in and learn in, and that I want to meet people and make these relationships in.”