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Animecoin (ANIME), the new token supporting the Azuki NFT project ecosystem, has a market capitalization of more than $350 million just one day after launch, Gold Finance reports. ANIME launched on January 23rd with a total supply of 10 billion tokens. According to the project's Token Economics page, 37.5% of the tokens will be distributed to the Azuki community, while another 13% will be managed by ANIME holders for “community cultivation” through a future DAO. According to CoinMarketCap, ANIME is currently trading at $0.063, with a fully diluted value (FDV) of around $630 million and around 5.53 billion tokens in circulation.

A change in leadership at the U.S. Treasury could alter the department's approach to cash held at the Federal Reserve, a move strategists warned could affect the U.S. bond market. Bank of America and Wrightson ICAP LLC, among others, said the Treasury may reduce the amount of money it keeps in its account at the Fed as cash balances - the cushion of money that ensures the U.S. can pay its bills - dwindle. Against the backdrop that the debt ceiling has been restored and cash balances are shrinking, this would allow the government to issue fewer short-term bonds and in turn potentially save taxpayer money.