Friday, February 24: Coinbase Unveils Ethereum Layer-2 Network Base
Coinbase Global Inc. has revealed its new Ethereum Layer 2 network foundation, which aims to offer a safe and low-cost space for developers to build decentralized applications (dApps) on the blockchain.
The US cryptocurrency exchange has started the Base testnet, which was built on top of Optimism’s open source OP Stack, and stated that the network would provide access to Layer 2 networks like Optimism and other on-chain ecosystems. blocks like Solana, in addition to Ethereum.
Monday, February 27: German 10-year yield hits new 12-year high
The yield on German 10-year bonds rose on Monday to hit a new 12-year high as investors expect more persistent inflation and the European Central Bank (ECB) continues to push interest rates higher.
The benchmark 10-year yield added four basis points to 2.58%, its highest level since August 2011, and money markets briefly priced in as eurozone interest rates peaked at around 3.8%. later this year, while a market gauge of the bloc’s long-term inflation expectations rose to a nine-month high of 2.48%.
Tuesday February 28: Musk hires AI researchers to create the rival of ChatGPT
Tesla Inc. and Twitter Inc. CEO Elon Musk have reportedly recruited artificial intelligence (AI) researchers to set up a new lab to potentially create a rival to ChatGPT, OpenAI’s text-based chatbot.
Citing people familiar with the matter, the report says Musk contacted Igor Babuschkin, a former researcher at Alphabet Inc.’s DeepMind AI unit, to spearhead the effort, though the project is still in the early stages and currently not available. has a definite definition. plan product development.
Wednesday March 1: Apollo Global reportedly planning to buy Arconic
Apollo Global Management Inc. is reportedly in talks to acquire US aluminum products maker Arconic Corp., further signaling the unfreezing of a mergers and acquisitions (M&A) freeze that has worried the financial sector since late January. 2022, as banks struggled to get rid of unwanted leveraged buyout debt.
Arconic’s shares rose 19.8% on the news, and people familiar with the matter said the New York-based private equity firm buying Arconic, currently worth $2.69 billion, could list a substantial premium if agreement is reached.
Thursday March 2: Asian currencies slide as yields reach all-time highs
Most Asian currencies weakened on Thursday after US manufacturing prices unexpectedly rose 51.3 from a previous 44.5 in February and as short-term Treasury yields hit a 16-year high per month. expectations that the Federal Reserve will maintain higher interest rates for a longer period.
The Chinese yuan fell 0.4% against the US dollar and was one of the worst performers of the day after a 1% rebound on Wednesday, while the Taiwan dollar and South Korean won lost 0.3% and a 0.6% respectively, and the Japanese yen decreased 0.3%. % as the country’s capital spending held firm in the fourth quarter.