ShapeShift founder stakes 341,700 VVV, valued at approximately 3.98 million US dollars
Foresight News reported, according to Onchain Lens monitoring, ShapeShift founder Erik Voorhees staked 341,700 VVV on Venice, valued at approximately $3.98 million. Nine hours after receiving 3,630 VVV (about $42,300) in staking rewards, he increased his position.
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Deutsche Bank: After the three major central banks hiked rates simultaneously, the market may once again underestimate the terminal interest rate
Deutsche Bank points out that as central banks in the US, Europe, and Japan are tightening policy simultaneously, the market may still be underpricing the eventual terminal rates. With oil prices remaining high, inflation may spill over into core inflation and wages. Moreover, financial conditions have not tightened in tandem, which could weaken the effect of rate hikes. Citing the experience of 2022, Deutsche Bank notes that the market then expected a total of around 200 basis points of Fed rate hikes in the first year, but the final figure exceeded 400 basis points, illustrating that the market often underestimates the terminal rate.
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