Week Ahead: Rates, AI, and Oil north In understanding and anticipating exchange rate movement we often privilege interest rates and the drivers of capital flows instead of trade flows. However, a new player may have entered the game. Or perhaps, more aptly, left the game. The AI meme may have cracked. From 30k feet, the [...]
Glamsterdam Hoodi Testnet Announcement north Following its activation on Sepolia on October 6, the Glamsterdam network upgrade is now scheduled for the Hoodi testnet. Glamsterdam advances Ethereum's L1 scaling roadmap with enshrined proposer-builder separation, block-level access lists, and changes to gas pricing that better reflect the [...]
‘Bunker mode’ won’t protect your crypto, critics say north Even if Justin Drake’s prediction that AI could break cryptography proves correct, critics say “bunker mode” is an impractical suggestion that’s unlikely to protect your crypto.
China's Trade Surplus Swells and the Market Awaits US CPI north (Business travel disrupts the commentary for the next two days, but the weekly will be posted October 17. Thank you for your patience.) Investors are wary of the unwinding one of the most crowded trades, long the AI ecosystem. Despite cracks, the market remains resilient. So far, the rise in [...]
Celo Core Co. Launches buy, the Services Marketplace for Agents north Agents on Celo can autonomously pay for 700+ services using USD₮, USA₮, and USDCAgents are gaining autonomy, operating on behalf of their users to research, develop, transact, and even manage multi-currency FX. Until now, agents could not independently pay all for the tools necessary to [...]
Softer Rates, Heavier Dollar north The pullback in bond yields is the main development in the global capital markets today. Rates eased in Asia Pacific, but the eye of the storm has been in Europe and benchmark 10-year yields are off mostly 4-7 bp today. The move is being led by France and Italy. However, the fundamental [...]