Yen Sold as Takaichi becomes Japan's Prime Minister north Overview: The US dollar is mostly firmer today as its pullback from last week's highs is retraced. Although the US 10-year yield is spending more time below the 4.0% floor, the yen is the weakest of the G10 currencies, off about 0.70%, as Takaichi became Japan's first woman prime minister and [...]
Fusaka Update – Transaction Gas Limit Cap arrives with EIP-7825 north Starting with the upcoming Fusaka hard fork, EIP-7825 introduces a per-transaction gas limit cap of 2²⁴ (≈ 16.78 million gas). This change is already live on Holesky and Sepolia, and will activate on mainnet with Fusaka. Developers and users who rely on very large transactions should verify that...
IOTA Now Available on Turnkey north IOTA integrates with Turnkey, giving builders enterprise-grade wallet infrastructure. Developers can now embed non-custodial wallets without seed
Eerie Calm in the Foreign Exchange Market north Overview: The foreign exchange market is quiet, and the US dollar is slightly softer against most of the G10 currencies, though the Australian and Canadian dollar are struggling. Most emerging market currencies are also firmer. The market seems optimistic that the US-China trade tensions can [...]
Week Ahead: Impasses Between US and China and Between Republicans and Democrats north There are several moving pieces in the broad macro story that are not going to be resolved in coming days. Although President Trump is playing down a "trade war" with China, it is difficult to see the basis for a deal when he meets with China's Xi at the end of the month in South Korea. The US [...]
Fear Grips the Capital Markets north Overview: The pendulum between fear and greed is swinging toward the former today. The large write-downs at a couple of US regional banks follow high-profile collapses of Tricolor and First Brands. They play on fears of mounting late-cycle stress. US bank reserves have also fallen through a [...]