Week Ahead: Warsh at Jackson Hole north Introduced by the Nobel-prize winning economist Paul Samuelson in the late 1930s, "reveal preferences" says to look at what people are actually doing to determine their true preferences rather than what they say. Applying this to the US now suggests the administration is worried about the US [...]
Bessent Doubles Down, Dollar Slumps but Rates Little Changed north The market is pushing against the US recent initiatives. Japanese investors themselves have continued to buy foreign assets in size in the first two weeks after the intervention. The Ministry of Finance data showed Japanese investors bought around $36.5 bln of foreign assets in the first two [...]
The First (F)air Drop is Here: Introducing Self and Google Cloud’s USA₮ Mainnet Faucet north Verified Humans Can Earn Free Stablecoins, Claiming the US Dollar-Backed Stablecoin Issued by Anchorage and Backed by Tether through Self VerificationSelf and Google Cloud’s USA₮ Mainnet Faucet is now live on Celo, unlocking free stablecoins for real, verified humans for the first time.Celo is [...]
To Support the US Treasury Market, Bessent Sent the Greenback Reeling north The US Treasury announcement early in North America yesterday that it would at least double the size of liquidity support buyback operations for longer-dated nominal coupon securities. The current maximum size is $16 bln a quarter. The stepped-up purchases will take effect on September 9. [...]
Three-Day Reprieve for Canada from US Tariffs north The US dollar remains on the defensive. It is lower against the G10 currencies but the Australian dollar, which is nursing a small loss. By a narrow margin, the Japanese yen is leading pack, though the greenback has held above JPY159 in Europe. The Canadian dollar is firm and testing [...]
Lowering Slot Time and Validators Economic north Solana will reduce its slot times from 400ms to 200ms. This change will make the protocol more competitive in terms of latency. Here we explore some possible implication on validators economic.