Kevin Warsh speech, Aug. 29 -- After the long-awaited US Fed Chairman Kevin Warsh's Jackson Hole speech at the Fed's annual conference, US Treasury yields skyrocketed along with the US dollar, putting pressure on other assets like equities, gold, silver, bitcoin, and other cryptocurrencies. This is not the first time this has happened. On the previous two occasions, his post-policy meeting press conferences in June and July also saw the sharp rise in the US Treasury bonds.

According to market experts, the US Central Bank is trying to tokenise its bonds to overcome the redemption challenge. The US adminstration is not in mood to leave the dominance of the US Dollar (USD) in the global merchandise and they want their bonds to be less regul...