Shock $74B emergency bank loan on NYE just revived the dark “COVID cover-up” secret bailout theory

Key Highlights

• 1, 2026 at 1:00 pm UTC Share Cover art/illustration via CryptoSlate.
• Image includes combined content which may include AI-generated content.
• On the last trading days of the year, the kind of chart that almost nobody outside finance ever looks at started yelling again. Banks piled into the Fed’s Standing Repo Facility, borrowing a record $74.6 billion on Dec.
• 31 for 2025.
• Overnight funding rates popped, the benchmark SOFR briefly hit 3.77%, the general collateral repo rate touched 3.9%. Overnight REPO Chart (Source: NY Fed) Related ReadingBanks just demanded $26 billion in emergency cash but Bitcoin traders are missing a critical warning signalYear-end stress tested the central bank's "ample" reserve theory, creating a binary scenario for risk assets in January.