US Jobs Report Competes with the Unsettled Equity Market to Drive the Greenback north The US dollar is broadly stronger. Against many G10 pairs, it is at its best level since Tuesday’s midterm elections. Ahead of the US jobs report, the euro and sterling are holding on to small gains for the week. The Antipodean currencies and the Norwegian krona are off 1.5%-2.25% this [...]
EIP-8037/EIP-8038 Glamsterdam north Glamsterdam, the next update for Ethereum, is currently being tested on testnets. During these tests Chainsecurity has found a few projects that would be vulnerable after Glamsterdam since they rely on certain invariants. These invariants will be broken by EIP-8037 and EIP-8038 which rework [...]
BOE Initiates Tightening Cycle with Quarter-Point Hike north In the initial reaction to the US election results, the dollar and US equities were sold. The market talk was about the implications for the AI build-out. The AI meme questioned and the Philadelphia Stock Exchange’s Semiconductor Index (SOX) fell by 3.1%, though the Nasdaq Composite rallied [...]
Surplus: The History of Too Much and the End of Economic Primacy north Surplus: The History of Too Much and the End of Economic Primacy The Puzzle The United States carries more than $40.5 trillion of debt. Neither party has the appetite to address it. Yet adjusted for inflation, real interest rates remain subdued. While nominal yields are near multi-decade [...]
Designing for sovereignty: Ethereum for digital public infrastructure north Public services increasingly rely on digital systems that enable institutions to collaborate across organizational and national boundaries. Such cooperation may involve government agencies verifying documents issued by other authorities, or humanitarian organizations coordinating assistance [...]