How L1 and L2s can build the strongest possible Ethereum north *The North Star of the Platform team is for Ethereum to scale as a cohesive system and enable confident adoption by all users. This post is intended to share our perspective on the L1 \ L2 relationship, the roles of each layer, and how we (as an ecosystem) are leveraging...
Week Ahead: The War and Anticipated Policy Responses Drive the Capital Markets north There are two main drivers in the foreign exchange market: war and the anticipated monetary policy response. May WTI peaked on March 9 near $113.40. Last week, the average close was a little below $95. Brent has been hit harder but it also peaked on March 9 (~$119.50), The five-day average [...]
USD Comes Back Bid after Yesterday's Exaggerated Slide north The market seemed to overreact to the central bank meetings this week. The market heard Fed Chair Powell as more hawkish than the FOMC statement and took the dollar sharply higher. Yesterday, it overreacted to the Bank of England and European Central Banks and sold the greenback aggressively. [...]
Limited Follow-Through Dollar Today After Yesterday's Surge north The US dollar rallied strongly during the Federal Reserve’s press conference yesterday as rates jumped in response to what was widely seen as a hawkish hold, especially given Chair Powell’s framing. There has been limited follow-through dollar sales today, but the technical damage inflicted on [...]