Protocol Update 003 — Improve UX north A few months ago, we announced a renewed focus of Protocol on three strategic initiatives: Scale L1, Scale blobs, Improve UX. Following previous updates on Scale L1 and Scale blobs, this note relates to our “Improve UX” track, and its mission: **Seamless, secure and permissionless experience [...]
The Ecosystem Support Program's Next Chapter north The EF’s Grants Program launched in 2018 and has evolved over time to become the Ecosystem Support Program (ESP), providing grants and support to builders that help the Ethereum ecosystem thrive. Our mission is to enable work that strengthens Ethereum’s foundations and empowers future [...]
China Allows Faster Yuan Appreciation, while Follow-Through Selling Weighs on the Greenback north Overview: After yesterday's setback in North America, the greenback remains under modest pressure today. It is lower against all the G10 currencies. The dollar also is softer against most emerging market currencies. The dollar was fixed at a new low for the year against the Chinese yuan. The [...]
US Dollar Comes Back Bid north Overview: After yesterday's pullback, the US dollar has rebounded. It is trading its best level against several of the G10 currencies since Fed Chair Powell spoke at Jackson Hole before the weekend. Most emerging market currencies are weaker, too, with the notable exception of the pegged Hong [...]
Native USDT0 Comes to Polygon for Lower Fees and Deeper Liquidity north Tether’s USDT on Polygon has been upgraded to native USDT0. Transfers between USDT0 chains is seamless and easy, with Polygon leading the way in low fees. The upgrade also brings native XAUt0, the omnichain version of Tether Gold (XAUt), for wider multichain compatibility
Market Sees Challenge to Fed's Independence by Trump's Attempt to Fire Cook north Overview: The dollar's impressive recovery from the pre-weekend sell-off spurred by comments from Federal Reserve Chair Powell at Jackson Hole was challenged earlier today on news that President Trump was carrying out his threat to fire Federal Reserve Governor Cook. Cook will reportedly [...]
Markets Consolidate after the Big Moves Before the Weekend north Overview: The US markets responded dramatically to Federal Reserve Chair Powell's speech at Jackson Hole before the weekend. In today's late August session devoid of much news, the markets are consolidating. The dollar is in narrow ranges, and there may be some more corrective upticks in North [...]