Until last Friday, April 17, lending stablecoins into Aave, widely considered the gold standard of DeFi, paid 2.32% APY. The Federal Reserve’s overnight rate was 3.64%. Taken at face value, the market was pricing an unregulated, open-source smart contract as a lower credit risk than the United States Treasury. In 48 hours, that ended. The…
The Reserve Bank of India (RBI) has cautioned that possible second-round effects, where supply shocks could transform into demand-side pressures, require careful and continuous assessment amid the ongoing West Asia conflict, according to the April edition of its bulletin.The bulletin noted that while the ceasefire between the United States and Iran has provided some breather…
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Nandigram: People show their ink-marked fingers after casting votes during the first phase of the West Bengal Assembly election, in Nandigram, Purba Medinipur district. (PTI Photo/Manvender Vashist Lav) NEW DELHI: Tamil Nadu and West Bengal recorded bumper polling on Thursday, with the Election Commission (ECI) saying both states saw their highest-ever voter turnout since Independence…
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