Week Ahead: Fundamentals and Technicals Give Greenlight to Sell Dollars north The market was caught leaning the wrong way. Anticipation that Federal Reserve Governor Powell was going to push against speculation of a September rate cut had underpinned the US dollar and short-term rates. The S&P 500 had sold off for five consecutive sessions, the longest losing streak of [...]
The Greenback is Firm Ahead of Powell's Jackson Hole Speech north Overview: The dollar stalled after mostly extending this week's gains against the G10 currencies on the back of firmer US rates. The key event ahead of the weekend is Fed Chair Powell's speech in Jackson Hole (10 am ET). The greenback appreciated against all the G10 currencies this week, with [...]
Protocol Update 002 - Scale Blobs north Following up from Protocol Update 001, we’d like to introduce our approach to blob scaling. The L1 serves as a robust foundation for L2 systems to scale Ethereum, and a necessary component of secure L2 solutions is data availability provided by the L1. Data availability ensures that updates [...]
LEASH v2 – Migration & Development Update (Holder‑Equivalence + Targeted Snapshots) north Rebases on LEASH v1 are still being triggered, but our job is to protect holders and deliver a smooth, verifiable migration to LEASH v2. After coordination with exchanges and a technical review of how rebases complicate liquidity accounting (especially on Uniswap V3/ShibaSwap V2), we’re [...]
Preliminary August PMI Show Many are Coping with US Shock north Overview: The broad consolidative tone in the foreign exchange market is continuing today even though nearly all the preliminary August PMI readings showed improvement, including the first time since Russia's invasion of Ukraine that the eurozone's manufacturing PMI is above the 50 boom/bust [...]
The Celo Foundation Promotes Elizabeth Peng to Chief Operating Officer north Today, the Celo Foundation is proud to announce the appointment of Elizabeth Peng to Chief Operating Officer (COO), where she will lead and operationalize Vision 2030, an ambitious agenda to usher in the next phase of critical adoption and growth across the Celo blockchain and ecosystem: [...]
Kiwi Pounded on Dovish Guidance by RBNZ and UK Gilts Rise despite Higher than Expected CPI north Overview: Leaving aside the New Zealand dollar, which has been tagged for more than 1% after the dovish forward guidance following the central bank's well-telegraphed rate cut, and the Australian dollar, which has been dragged lower after yesterday's poor price action, the G10 currencies are [...]