WuBlockchain Weekly:$OP & Rate Hike & Taper & Top News & Insights
1、The probability of the Fed raising rates by 50 basis points by June is 96.8% and tapering is on U.S. Treasury Secretary Yellen will meet with Federal Reserve Chairman Powell to discuss inflation issues. According to CME: the probability of the Fed raising rates by 50 basis points by June is 96.8%, and the cumulative probability of a 100 basis point hike by July is 94.2%. In addition, the Federal Reserve officially launched the second tapering in a decade. The initial monthly maximum combined reduction of $47.5 billion, including $30 billion in U.S. debt and $17.5 billion in agency mortgage-backed securities (MBS). 2、$OP launch, network congestion, exchange top-ups jammed $OP has been shouted by some KOLs as high as $10 or even $20 before it was circulated, but currently it has been hovering around $1-$2. Scientists jumped the gun; lack of preparation for the access pressure; and failed expectations of the legendary "official liquidity pool" are the three reasons why it did not meet expectations. However, vitalik has repeatedly praised Optimism's governance framework, and there has been recent discussion in the community forums about the possibility of converting OP from a governance token to a network fee token. Solana's block production was interrupted for about 4 hours and 10 minutes today. Solana Labs @aeyakovenko said the issue was due to Durable nonce instruction caused part of the network to consider the block is invalid; Fix for durable nonces will be out asap. The Graph, one of the top projects venturing into Web3, has announced offering a $12.5M developer grant to Messari. The grant will support Messari in its efforts within the cryptocurrency sector. The company has shown great commitment to venturing into the buzzing Web3 sector and launching innovative offerings that will allow it to achieve its mission. The United States Attorney announced today the unsealing of an Indictment charging NATHANIEL CHASTAIN, a former product manager at OpenSea, with wire fraud and money laundering in connection with a scheme to commit insider trading in NFT. The New York State Senate passed a bill targeting proof-of-work (PoW) mining early Friday morning in an effort to address some of the environmental concerns seen around cryptocurrencies. The bill, which was passed by the state Assembly last month, would impose a two-year moratorium on any new PoW mining projects powered by carbon-based fuel in the Empire State, though existing mining firms or ones currently undergoing the permit renewal process would be allowed to continue operations. The Senate voted 36-27 in favor of the bill. Binance Labs, the venture capital and incubation arm of crypto exchange Binance, has lost two top executives in recent weeks. Bill Qian, the head of Binance Labs, is set to leave the firm soon, several people familiar with the matter told The Block. Nicole Zhang, the firm’s executive director, left last month, according to her LinkedIn profile. Twenty-six leading computer scientists and academics, including a Harvard lecturer, former Microsoft engineer and chief engineer of Google Cloud, have signed a letter to U.S. lawmakers that harshly criticizes crypto investments and blockchain technology, urging lawmakers to resist pressure from financiers, lobbyists and proponents of the digital asset industry, the FT reports. The signatories say crypto assets have been vehicles for unsound and highly volatile speculative investment schemes, and that crypto and blockchain technology have no real use. Fundraising
Insights
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