The community of blockchain platform Solana has rejected an important proposal, SIMD-0228, aimed at changing the SOL cryptocurrency's inflation model. Despite the active participation of 910 validators, the proposal did not receive the necessary support, garnering only 43.6% of votes in favor.
US 25% tariffs on steel and aluminum imports will remain in place until US domestic production is strengthened. Similar measures will also apply to copper, US Commerce Secretary Howard Lutnick stated.
After two questionable tests of Ethereum's upcoming Pectra update, the project's top developers have decided to create a new testnet in order to provide a final demonstration of the code before deployment.
Reuters reports that the US stock market has entered a period of correction. The S&P 500 index has fallen more than 10% from its February high. This represents a loss of about $5 trillion in market value.
According to Martins Kazaks, a member of the Governing Council of the European Central Bank (ECB), the battle with inflation in the region is not over yet. However, the Latvian official refrained from commenting on the future course of the regulator's monetary policy.
After Russian President Vladimir Putin confirmed that a bilateral contract with Washington would increase domestic gas supplies to the EU, natural gas prices in Europe fell by 5%. The region had previously turned down huge volumes of imported fuel to become less dependent on third countries.
Bitcoin's role in decentralized finance (DeFi) is growing, Binance Research analyst Moulik Nagesh reports. The Bitcoin DeFi ecosystem allows users to conduct various financial transactions with the largest cryptocurrency without a third party.
Japan's core inflation in February likely slowed from 3.2% in January to 2.9% due to renewed energy subsidies, according to a poll of economists conducted by Reuters. Meanwhile, overall price dynamics are expected to support the central bank's intent to hike rates later this year.
Morgan Stanley believes the possibility of the US federal government shutting down, weaker country's economy and rising value of foreign assets will contribute to the dollar decline ahead of the imposition of import duties by Donald Trump on April 2.
Bank of Japan (BOJ) Governor Kazuo Ueda has expressed optimism about the level of consumer activity in the country. Despite the challenges that the national economy is facing due to Donald Trump's import tariffs, it is showing signs of recovery.
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